The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Hard to believe we finish with the same SP as yesterdays close after all the good news we had to day. Not that I'm bothered as this share has £1 plus written all over it. An exemplar turn-around high grade copper/gold mine and we've not factored in the gold yet as far as I can see. Assays to follow soon and these if economic to process should see us sail past 50p. Too many positive to take anything off the table. A very positive presentation.
APD708...if we had to factor in natural disasters we would never invest in mining or oil and gas production. I'm not naive and I know its always a possibility but as far as risk analysis is concerned its very low risk.
Excellent to hear we have additional near-term high-grade production available to us. We should be back to full production very shortly.
Just broke 42.5p ! Have they let it go? This is now got to be a strong buy on the run up to xmas and beyond. Still a very low MC given the news and potential.
Plenty of sells going through above 40p! Normal whole figure resistances point.
My thoughts exactly but in reality nothing has been proved up, nothing has been drilled, nothing has been found except for a similar magnetic finding to Haverion. Its still a long way to actually finding gold in the rocks. They're still drilling other tenements and have yet to confirm economical finds though they look promising.
Hope2gain...whether you call it DD or substantial research I would expect any company making an offer for another company to know the company 's potential inside out before making the offer. As Oiltap says after that the DD is often used to reduce the offer price unless another company comes in with a counter bid in which case we get a competing takeover and usually a rise in price. If it happens lets hope its the latter. Nothing can happen unless it is put to shareholders.
I'm amazed at the muted response to such positive news. I will be buying more at this price especially after such good drilling results as I'm looking to the long term not the immediate but even so this situation can only be brought about by shorters. Real investors will win out in the end and one day shorters will get their fingers burnt as the market no longer can be manipulated and reverses this trend.
KJGood1
There's a fairly simple article worth reading on investing in Junior miners which explains the Lassonde Curve which Magic was referring to. Apologies if you are already aware of it.
https://equifund.com/investing-in-junior-mining-deals/#:~:text=The%20Lassonde%20Curve%20models%20the,and%20time%20their%20investments%20properly.
Couldn't agree more Spade. Patience here is all that is needed and yes it is almost de-risked or at least the most de-risked on AIM. I would argue as a private investor that building up a holding here before the institutions start to invest makes sense as the share price will rise quickly when the first major Inst. investors take a sizable holding, as they will.
KJgood1....the institutions won't invest yet until Greatland are a producer. At the moment they are considered an explorer and that comes with risk. Even if they sold Havieron they could blow the lot exploring their other tenements. I don't think they will but the banks etc have to consider the possible risk. You don't gamble on AIM explorers with other peoples pension money which effectively the institutions are using. They will start investing I think in a years time when they see the first gold. Even a PFS or FS is still a paper exercise based on all the data the company has to date and that data changes by the month.
My only question regarding progress is....who is actually going to buy the gas? The domestic market I believe is growing but still quite small. Will it be piped or' tankered' as LPG to Zambia, Kenya, Rwanda. Will it be piped to a sea terminal for shipping as LPG. I Are the Chinese an intended market? I remember the Chinese involved in building a pipeline but have not kept up with developments having put these in the bottom drawer.
Copper at $4.78 a Ib current up another 1.2% and not far of it's all time high. The timing couldn't be better given we must complete our forward contracts soon and can then sell at over 50% more. I vaguely remember RMM selling last year at around the $ 2-3 mark. Coupled with increased production this must surely continue to rise beyond the heights seen earlier this year.
Having held nearly 3m of these (and not sold) when they hit the heady heights of 7p in 2017 I will certainly attend a 10p party in the Shard should it ever reach that figure. 10p was my target price in 2017 and on paper with the assets AEX have, it was, I thought in 2017, achievable. However, I didn't account for the political shenanigans in Tanzania. Having put these shares in the bottom drawer for the last 4 years I'm pleased to see an awakening. I do think that some countries are their own worse enemies when it comes to developing their own natural resources. If Tanzania is not careful the world will have moved on from gas and oil and they will have missed a golden opportunity to strengthen their economy.
In the last 5 working days its gone up 18.93%...that's not a retrace. Prior to that the retrace was around uncertainty of finance which looks as if its resolved itself.
Bridging loans are common place in financial transactions. The lender will have a) confirmed with the main loan lender that its in the pipe line, b) Will have confirmed that your company can make the repayments which are usually at a higher rate of interest and c) will have valued your companies assets should anything go wrong which in my experience rarely happens. All very simple due diligence on behalf of the lender. Given the price of copper this company should have a bright future once this years hedge is cleared and the 4 stopes completed. Thats why I am buying more. Just wished I had bought at 16.5p