focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
For fun, break even there will still be cash of £4m, so EV 14m and mcap 18m - 30p.
Hit a slight profit and sentiment change.
Add in success with MTA even bigger sentiment change and will get on more peeps radar.
Lest we forget , we have no brakes so wise - no placing and no warrants
950k dumped .And that's the problem with AIM traders - patience of a knat selling for beer money!
With these small vols and being v price sensitive due to low float, its not really chartable.
One thing for sure is when there is a wiff of good news, this will gap up big and you won't be able to buy any decent quantity around here - as we don't know when events will be announced, best to sit here, switch off and top up if it gets too cheap.
[EV of £2.3m is obviously too cheap anyway!!]
Basically a new company that's re-focused with a heavyweight CEO chair and a Moroccan director who set up the Moroccan Miners Association - v well connected locally. Come the trading partnership signing with a global and it will be the only junior with an independent income stream.
EV ex cash and receivables - £300k.
Yes, I believe that the placing shares were largely retained and that supply came from the Cropper dump before that were bought around 1.8p but as no bounce, a load of traders gave up and dumped giving a wonderful opp to get in below placing at 1.25p
Nice find but you only need post once . And our director founded the Moroccan Miners Association
And finally, latest RNS indicates profitability in H2 2024, so brokers note out of date. And when profitable, earnings multiples kick in. There’s more than the heart valve material side
Post from Twitter
"Think the market has missed the significance of a junior having a ( high margin) income stream- it just doesn’t happen. Very wise and agile move" #cmrs
And no regulatory body involved - FDA - is a massive tick - billions $ cos have vanished with the FDA process [and the ages it takes]
The material is easy if not time consuming to test - its every single permutation of heart actions -20-300 beats per minute , the destruction test [pressure when tears] and enhanced degradation.
Its basically the same as testing an engine - which takes about 6 months [