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What’s your point Vauch . We’re talking about H1 and production timescales . H1 ends on the 30th June , if production starts on 1st July or before that’s on target as stated .
Get shorting then
Yes indeed and I’m comfortable with the BoD honesty even if a little slow and quite sometimes . MT survey results in Spain also a catalyst potentially
Thanks for the insight AJW. Interesting insight to PVE . Therefore if the PVE tax and or financial situation improves , we have an accelerated Italy program that will improve from 18 months ?. That’s positive upside if the PXOG have given a worse case ? Equally if Pxog further invested in Italy and took a bigger share ?
And wouldn’t expect , it should only track to this number at each step , so end of June with Production revenues for H2 , then first MCap threshold of £8m will be my marker
I wouldn’t disagree mate . Aim shares tend to move on sentiment not fundamentals , therefore this RanS is good as it only shows fact based information . The early sellers this morning are sentiment and short term trade driven . Three SP triggers here - Romania revenue - 0.75p this would drive a 9 million Mcap and that’s about right for the level of revenue and further potential Next Spanish investment- 1p Italy revenue 2p - Italy and Romania revenue will be circa £3 m pa so a 15-20 m Mcap is fair
No pleasing you egg?. Lack of updates , Bod were untrustworthy . Update today confirming on target for Romania , still unhappy with the BOD . You must be related to my wife
Another 2.5 million buy on Nex
Completely agree, no RNS and we would have 0.50p today. Good RNS for medium term though
This RNS is solid enough and showing Romania on target . The fact it talks about Italy being 18 months will scare of short term profit takers (good ) . Expect another RNS in Spain early July . Overall positive
That may be true in fairness
Just checking you are still here
Where’s Destitute ?
Impatience and nerves
Welcome back Tony , you’ve been quiet . There must news coming ?
Let’s be clear here , whilst they are exploring it’s a trade share . When they get close to or at production then it’s an investment share with serious value and numbers behind it . As long as Romania identifies production by the end of June end then the company have achieved there objectives and commitment to its share holders . In the meantime they may well produce an RNS on a further investment in Spain and sign off to drill commercially in Italy . One , two or all three of these scenarios make you this a bigger company than it currently is
How has the Sp ticked up today then ?
How big a reversal ?
The placing was forward sold and SP hit 0.67 at some point after placing Anybody who got in at 0.60 has either got out at 65-67 or is a long term . 0.60 will not see a sell off
You could be right but nobody would buy into a placing here until tangible news , so that won’t happen