Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Maybe time for market to wake up to the value?
up 4p paid
About undervalued!! NAV at 40p
Booooooom she's off... low free float
Is going to fly... NAV at 40p ... cash at 9p
One for the watch list and possible but in a few weeks me thinks ;0) Kdr I've been in and out quite a few times mate, currently out but will be back in pre crimbo. Atbm
Yeah indeed mate.. One metal that has held it's price throughout the mining decline and one metal that is widely used and becoming more and more in short supply.. If they could actually release some decent results this would multi bag from these levels in a matter of hours.. Purely punt territory as who knows and a lot of drill holes they have made in the past have come to nothing... That said they do have areas of interest that hold both gold and zinc.. Current drill is 25kms away from a mine worth well in excess of 2 billion $ run by a company worth over 1 billion... All for 0.8 million with 400k in the coffers ... Dilution has been kept to a minimum over the years having been listed in 2007 and 54% held by bod and ii's ... Possibly worth a punt on any future drills coming up trumps...?!
Connemara, a contrarian resource play? Although most commodities have fallen in price over the last year, one commodity to buck the trend is zinc. With several large mines scheduled to close next year, such as the Century mine in Australia and Lisheen Mine in Ireland, and also a lack of new and large zinc mines scheduled to come on stream in the near future, zinc prices have risen by 19% in the last 12 months. Several of Connemara Mining’s projects are prospective for zinc, including Oldcastle, which we believe could be drilled in the coming months by JV partner Teck. The oversubscribed £400K (gross) Placing at 2p in September 2014 provides Connemara with sufficient funds to meet current project commitments in Ireland for around 12 to 24 months. The interests of directors who own (together with family) around 26% of the Company are closely aligned with those of shareholders. Two of the directors supported the recent Placing, subscribing for £50K of shares in total. An ultra low cost exploration strategy that involves farming out larger projects to JV partners, ensures cash burn is minimised and shareholder value maximised. Many of the Group’s projects are near existing discoveries and mines. The Donegal project is close to Dalradian’s Curraghinalt 3.5m oz gold deposit. Other licences have been secured by Connemara due to their close proximity or similar geology to the mines at Galmoy, Lisheen and Tara, or near discoveries such as Pallas Green. The recent addition of the Rapla licence could prove timely, as it is surrounded by ground held by Vedanta. We believe the mining major will increase exploration activity in the area over the coming year with the goal of locating new zinc discoveries, as its Lisheen mine its due to cease production next year. Potential drilling and exploration newsflow results within the next few months could come on the Teck JV at Oldcastle, where the main exploration target is zinc and also the gold prospective Hendrick JV in Wicklow/Wexford. As Connemara’s projects are at the pre-resource defintion stage, it is not possible to compute a share valuation. Further exploration work at Stonepark by JV partner Teck, a discovery at Oldcastle (zinc/lead?) or Mine River (gold?) could justify a valuation calculation. We nevertheless believe a market cap of £0.84m seems far too low considering the exposure it provides to a Group with 30 licences in a proven mineral rich island. Some of these projects have potential to surprise the market, should a discovery be made on Connemara’s licences or by other prospectors on adjacent acreage. We are also aware the management are seeking to add new projects to the Group, which could be either in Ireland or elsewhere in the world. Again, depending on what they are and the terms, they may have potential to surprise the market.
I wouldn't really call that a good read more a cynical one, hardly much of an insight .. basically saying "until junior eplorers find something they are worth nothing" well blow me down with a hair dryer did that man go to Harvard?
Spreads wide but they have just started drilling 25kms away from a zinc mine worth over 2 billion $ ... 0.8 million market cap with a free carry and 400k in the coffers.. 54% held off market and was trading at 5p less then 12 months ago... One decent RNS of results and it would see this fly.
Researching this more and more this looks wel and truly over sold and one decent RNS on results could see it fly back to where its come from... was trading at 5p back in January.
Looks pretty interesting .. drilling just started at the old castle block, prospecting 25 km's away from the giant Boliden mine which hosts 10 million tons of Zinc which is worth a staggering $2,299,500,000,000 to the Boliden group at today's prices. CON has a 49% free carry in the project... could be some very interesting results when they are out.........
Block buyer... Rite time to turn off and let it run!
Paid again.. the sheer size of these contracts this should be trading at least in the 60's imo.
Quiet in here... 350 million in contracts with a 20 million market cap... if this company was wrapped up and sold what would it be worth? a shhhhhit ton more then this!!
Cheers mate... WRN should be good!
But with a 20 million market cap that barely underlines the size of the contracts these guys have and are securing...
yeah I think that mite be rite... year high was 88p
Seen all the holdings increases in august 6 companies in quick concession upping their stakes over 3% with one over 11%...
Take a look at the accounts... 275 million already on the accounts and 75 million added today thats almost a 100% increase on last years accounts...