The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I disagree, The BOD have a mass of historic information available to them,which clearly shows the extent of past Artisnal mining,which is also how the Russians decided to check and record their resource finds. The 'Berlin Wall' intervened and as Russian states broke away and were left to get on with it as it were,lack of money until recently made these resources virtually undeveloped and all but forgotten. So yes somewhat more is there for the exploitation in a mining friendly environment. One point some have missed is until GEO has met its expenditure commitments $6.5m from memory it has not fulfilled its fiscal obligations for the 50% JV.partnership. As soon as obligations completed by September? Mining should start asap. Don't forget DYOR.
It is not just another one it is up to a total of 17 more,The BOD suggest a total of 14 areas to be checked over.It will be some time before the full resource situation is confirmed. As before it is why the BOD have said the intention is to become a Blue Chip company worth $5billion(definition of a Blue Chip)
To think that a single comment concerning toxic waste disposal can be taken as an attempt to influence wolfs sp is the height of stupidity. For all we know it may be valid even if it is what difference will it make? None. What will cause the sp to move is production news. Right now news of more finance availability beyond the existing will actually prolong any breakeven hopes so allowing the sp to fall further.
I think trading is a game of patience allied to knowledge of probable behaviour patterns. Here we have a lot of watchers with an enthusiastic BOD and staff who keep up a steady stream of product info which keeps the interest alive on a continuing basis. The published expectations of astronomical growth in business and revenue for an AIM minnow will make potential investors cautious. Once the expected world wide growth is translated to the bottom line in terms of profit. The YE results should facilitate sp lift? LZ, Echo-Agree a lot of PIs go for the hype. Opinions that go against the run of the herd will be will be trampled underfoot even though they turn out to be true. They expect buying an asset will automatically lift sp. The last RNS said they were looking at buying a project under terms and DD was under way,not we have purchased. So I think it appears BOD want to maintain a high sp why? I doubt if there is much room for an overall sustained near term rise in the sp
It looks like there are plans to build an additional large stand alone mine and processing plant from the expected proceeds of the the now 1 to 2 mt. throughput.assuming 50mt expectations are realised. Meanwhile higher resource expectations are being met by further drilling,we already have enough in hand to be reasonably certain to have start of mining announced in the next few months. All from the first major exploration of just the first of 14 areas,it demonstrates the real possibility of hundreds of years of mining potential if the throughput was maintained at a mt pa. A high resource news flow puts us on track to become a blue chip. A brief mention of no further dilution and with so few shares in issue means a high sp price assuming mining results are as expected. The Russian reports are extensive but basic. The sp should remain firm and pick up on production news.
I don't disagree with you although I would hedge my position several days after selling just in case. Then keep a close eye on events as they unfold. They cannot keep haemorrhaging money,so far they are doing all the standard changes with the efforts to gain income traction. Remains to be seen where the sp goes,many disagreed with the call of a lower sp when it was 5.5p now we are looking at the low 3ps, Until news of reliable op uplift and better prices the sp will do little but languish around the 3s or lower.with occasional forays into the 4p/5p
Am trading Echo as well. FWIW I think GEO is better placed for quicker returns with very few SII .Although both present trading opportunities at various times.
I would like to see the sp double plus in the next few months dependant on news content and flow.
I don't think the MKTCAP is low against cash flow expectations as it's is not factored in until more info., is available and mining dates announced,rather its low against even the most basic of resource value calculations which may be expected where copper is concerned to be somewhy higher to say the least, Enough for one mine to be kept busy for 700 years at a million ton throughput assuming all 14 areas give similar Resource results as KB is expected to do. But then the old Russian information may not be believed,excepting that so far they have been more than accurate in pointing GEO in the right direction. Then of course expectations for uprating the gold resources throughout the entire licenc area will be huge- apart from the soon to be released updates from just one are not all 14 yet. It is why the company has suggested it is looking at becoming a ' Blue chip worth over $5billion . A fairy tale Possibly. To buy or not to buy is the question DYOR.
So The EA have advised Wolf is not complying with EA operators permit granted at planning. Assuming it is correct,does it leave the company wide open to a legal challenge at pocket money cost to comply with the operating licence conditions or shut down until it does? The answers given to the Parish Council have no value in non compliance,the company either complies or it does not. So that may be why the plant is shut down?
It's drastically dropped, no, The metrics for the listens were changed to UFRs,as an industrial standard was imposed across the board for all companies to use when previously reporting 'listens' The listens are in fact increasing all the time. The KPIs are set by the company in the expectations of being met or exceeded.
Apple have announced they are making more of their Ad response information available so wary major brands may now get involved in podcasting. The type of information Apple are making available should enhance specific demand at the same time throwing the standard measuring by UFRs out of the window. Presumably means more targeted business all round
Wrong post ignore it.
The latest news from Apple making more information about the dynamics of podcasting available should change the skeptism of the brand advertisers.
Each day the plant is shut down the fiscal problems are increasing which does little to lift the long term sp value as each shut down increasing the chances of plant being mothballed until product prices rise by a significant amount.
Sp might be getting into decent trade margin territory soon,in my view there is money to be made if the sp starts to drift to the 18p mark or below, even better if the gap between the news takes longer to arrive and the sp falls offwards to the 15p mark. Unlikely as watchers may well decide to get in with such a low sp set against all the existing and coming resource news Any production date news should boost the sp, if not then it is again in my view a safe hold in so far as resource mining shares can be. A no brainer with continuous on going increasing asset declarations still to be revealed.
Interesting,They are also offering a 60% discount so something is going wrong somewhere perhaps feeling a competitive pinch ? So long as the forecasts we have are being met and exceeded there is nothing but growth ahead. Once YE numbers are translated to cash the growth will be noticed outside the few.
Nothing to write about,billions of £s worth of resources to be formalised,mining and processing to start this year with strong copper and gold prices,with money in the Bank, The currant 2 sites under investigation are expected to give excellent returns ( according to the Russian information) with a dozen or more to come.because of the finds so far the extended drilling programme will be increased after mining has started. GEO has about zero capex with regard to the building of a production mine as it's JV has spare million ton pa capacity. Also GEO has the management contract. A number of Institutional Investors holding over 40% of the shares,Just 114 million in issue,a low number,means a tight market when outside interests take hold the sp will move forwards, How rare is it to have a number of IIs aboard before mining has started. The IIs have done their DD then invested even buying on the open market. Few similar MKTCAP AIM resource companies can boast the intention of dual production of both gold and copper. Sp is good for trading and taking profits when it starts to move. Sp is also good for holding in the short term,I both hold and trade. DYOR as it will back up the 99% majority of opinions that the sp is going places. I expect the eventual gold resources to be declared at well over 10 million ounces,this will thenclassify GEO as one of the few major recent finds of size this year. Also copper demand is expected to outstrip supply within a couple of years. As all the above comes together it's entirely possible predators will be looking to get hold of GEO. So GL and enjoy making profits.
The B class shares are nothing to do with the A class shares. Some while ago there was talk of rewarding long standing shareholders with,if memory serves,some sort of discounted option to purchase B class shares. I have no idea if that will happen now. The price mentioned of €1.20 again if memory serves is higher than the original issue price so there is value behind the sp for the B shares.
With regard to Barx it is probable anyone holding CICC on relisting in FF will be offered an IT account if that is unable to be accepted then they will sell them unless of course a U.K. Listing occurs then they can be ISA'd. Whatever the procedure BARX is oh so slow.