'They've lowered there target price to 14p, from 28p, based on the mine start up being in 2012.
But quote 'Our figures are based on the prefeasibility study and we anticipate substantially different figures once the bankable feasibility study is released which we expect to be based on very different parameters and significantly higher resources.'
With the BFS to be completed in Q2, I'd expect news by then. I'm a long term investor here, and with the delays so far, I'm not counting on an RNS this month, May, or even June. But it could come sooner. IMO, I think people will be putting money back in, on the lead up to an anticipated announcement. Yes, we could drift back down from here (happy to buy more if that's the case), but will move back up before expected news.
It's just something I've seen over the last twenty years or so. People, inparticular, traders and short term investors, invest closer to expected news. Mining, oil, drugs, anticipation has brought buyers of stock (unless there is a bad news leak).
Just my opinion. I shall buy more below 11p anyway.
I don't know if they are, but must be close to being so. I agree that we may jump once they are clear. In for the long term, and certainly don't see 12p come July. I'm a patient guy, and July will be worth waiting for. May, June, July... not long to wait. I will top up again before July, and then sit back hopefully long term.
The resource just keeps getting bigger. I was a little disappointed that the BFS hadn't been completed when expected, but it looks worth the wait.
Happy with the management, happy with the resource estimates, and amazed at the market cap considering the resource.
Think about it, 2.83moz JORC, now with zones 1 and 2 showing good results as it opens up, with more resources possible with zone 7. Wow!
Low cost extraction, I've read an estiamte of $300, but with underground mining I expect costs to increase.
But let's argue it costs $400 to bring the gold to market. Let's argue that an oz costs on average $800 over the coming years (I expect it to be higher, and costs to be lower than my pessimistic words).
Minimum of 2.83m x $400 (profit), we have 1.132B pounds for the life of the mine. And throw in on top the resources yet to be found.
Market cap is 19m quid, with a management team with a proven track record.
What am I missing? Is the market not getting the point? Or is it me? This is one of my core holdings, in addition to GKP, ATC, EMED, JLP which I don't trade, and happy for it to be this way. Just top up when I can afford it.
Old article but a nice reminder of what David Jackson is all about. Good to go back to 2 squid, and growth in the longer term. I bought and will take out original stake if it gets back to around 2 quid and let the rest to run long term. Here's hoping in a perfect world haha.
This was featured on Bloomberg here in Korea today. It's very rare for a London AIM listed stock to get a mention on this shows Asia channel. Bloomberg gave it a 52p target price. Very positive. Personally not in this stock, just passing on info.
Either way, it looks interesting. From my reading it seems to be a company focused with a lot of growth into the future, with nice growth potential in South America. They have some nice revenue building up there. I'll keep reading.
If there is a good old fashioned decent tree shake I'd like to be online to snap them up. I topped up on LGO earlier. I sometimes like it when MMs drop the price when one knows a share is undervalued. I only trade about 10% of my portfolio, 10% is for short term ooportunities, and the rest is for long term gainers which allow me to sleep at night. If RIFT/EID/ORE takeovers come along, I'm happy to take them. I call them Brucie Bonuses, and with the money I can invest in companies I've had an eye on for the long term, but haven't had the funds for.
Knows the score. Both shortish / long term I see a great future here. That's why I'm long, and not obthered about the day to day price. I bought at an average of 5.73p and positive I'll get a good return.
As the man said " The board believes that the year ahead will provide additional opportunities to aquire holdings AT UNPRECEDENTED LOW COST with outstanding PROSPECTS FOR THE FUTURE".
In my view It won't be just about uranium, although that will be great. I'm also looking at metals to be used in solar energy.
Happy to be very long in this, LGO, PELE, KSK and LMT among others.