The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Haha I wish I had that much dough Maucha!
But I do see institutional value investors joining the register and least we forget that Richmond Group, aka the original Amigo Founders are now steering the ship. Things are starting to happen!!
The company has to walk a regulatory tight rope, that will always be the case. But it’s also the reason the share trades on 3x PE or double digit free cash flow. It’s a silly valuation even with the regulatory burden they have
The 150% rise since the start of the year was too tempting to turn down for me. Feel sorry for anyone bought in on the back of the RNS.
Management have clearly been had and they’re not totally to blame but they do look incompetent for not doing necessary due diligence on the financial arrangement.
OPL 310 consent is the game changer. I know people in the industry when the discover was first made in 2013. It’s a monster field. As and when LEK get sign off from the Ministry the stock doubles, and then doubles again. 4 bagger in the making.
Dealer, hit me
+43% on my June entry. Scarcity value of asset given cost of extraction and Ti02 grade.
Also don’t forget the Oman Sovereign Wealth fund invested $100m For 1/3 of the business in 2015. That value is broadly equivalent to today’s market cap. Loadsa upside especially with a dividend stream now online. COME ON!!!