Wk 43 PAT.30 Oct 2021 08:24
Well that was a surprising finish to the week the Bhukia news coming on top of the Labolla MRE gave the shares a welcome lift. A bonus of 2 very interesting interviews with MB on Labolla and Bhukia gave sustenance to long'term holders.
Vols & trades were massively boosted with over 1m traded on the wk (73%) yesterday, which goes to show how important news flow is to micro'cap Aim counters. Aim companies are not forward priced a la the likes of BP or RDSB so we get the up to the minute price, none of that 12 months ahead baloney so beloved by textbook wallahs. For example no 10yr DCF of future earnings.
MB might indicate a likely best guess of 1m ozs here and there and happy to hear, but I don't rely on that, it's the here and now that does it for me. So far MB has come up trumps and is steering the Company in the right direction on the field and in simplifying our claim against the Rajasthan Govt has given us a 95% ownership of Bhukia a Tier 1 Gold field the largest in India, should our dispute be resolved amicably. A joint venture partner is likely to be announced shortly probably in connection to Bhukia.
Anyways for those who have got this far the weeks nos as below which should be viewed on an indicative basis.
Wk 43
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PAT
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Trades 87
Vol 1•1m
Buy 826k
Sell 285k
Buy 2•9:1
Buy 74%
Avg buy c.12,500
Avg sell c.13,590
Sp +12•2%
1month +7%
Ytd - 65%
52 wk 0•00%
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Cora Gold -13%
Hum - 0•6%
Orr +2%
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Ftse +32 (7237)
Aim -17 (1224)
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Morning all.
End.