Nice buy there Barney. Your 320k is showing on the NEX exchange.
Good price you got there considering institutions bought in here at 7p just a few months back.
Imo we could see 15p here on a good dfs.
Where is everyone? Looks like mnc is under the radar with lse punters. 2.8m oz gold resource and dfs due soon.
Should be more like 3 times today's shares price imo.
Based on current productions, profit margins, reserves, cash and debt this is my valuation of these 3 companies;
Trin £100m (35p)
Cerp £20m (3.3p)
TXP £40m (39p)
Long way to go here to sensible valuation.
Been here since the first week of listing. If anyone dares to look back I think I made the first post on this thread.
TXP is overlooked compared to CERP and TRIN.
Today I added by selling my remaining cerp.
Compared to that company TXP should be about 50p right now.
£10m market cap is just too low today. Just buy , sit tight and the herd will arrive soon. The disparity in valuation must close sooner or later.
Gla
And his entire team are here just to enrich themselves. A £1.4m market cap company and JW gets paid £300k annually.
Incredible!
I had a punt here for the lithium drill but sold out early in the morning.
What price for next Beaufort lot? 0.20p?
Hiblue, the debt of $15m with 8% interest is what is scaring some folks imo. But the payments don't start till 1st January 2019.
Apart from that, this is undervalued today.
Cash as of 31st December $400k.
$400k received in February for sale of calicanto.
£600k raised in May.
£600k raised in July.
So we are very cash healthy and should have between £1m to £1.4m in cash right now.
Market cap today just £2.4m.
Align research released a 2.2p valuation for AGQ in May.
We sold calicanto (a non core silver project) in February for about $400k. So what value for our 3 large core silver projects?
Then we acquired 3 lithium projects in April for $200k to be paid in instalments over 12 months.
M wall - that's the exciting part of the next few weeks and months. The drill results will reveal all. If super grades then we are in for a big ride.
Gla
I disagree. Give me one aim share with better surface sampling grades. Not drill grades. I hope you know the difference.
Give me factual information not made up numbers
Drilling underway. The good surface sampling grades just shows the potential of what lays beneath the ground. These lithium projects could be transformational for at age.
The only negative is I don't trust Jim.
Quick summary of positives;
1300bopd,
Cash as of 31st March about $13m,
Up to 10 wells to be drilled this year.
Compared to other Trinidad oilers like lgo, real this is way undervalued at £9m market cap today.
This and Trin offer best value for my money right now imo.
Time to load up is now when is quiet. Soon news flow will be rapid and I can see this reaching 30p at some stage this year.
Gla. Dyor always