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I would recommend to look at mcap of companies producing 300-500bopd, looks at what level of mcap they are take a lower and higher end of the range; and then divide these two numbers by shares in issue at MYN. You will be well north of your 0.5p mark by a very considerable margin. DYOR

* serials should be de-risks.

Hi Offerman, Could very well be, but the fact that the company moving forward has the possibility to offer divi, means it is going to make a profit in 2019 (so has very sound financial foundations) and ultimately means it serials this investment share for any current and new investor. I think think this fact alone will attract new investors. Expect the idiot swing traders to be gradually replaced by ii with a 3-5 year time window

Bespoke,

Just to add to your comments.

1. LK used the word "dividend". He gave it a cautious context, but it shows the direction this company is taking. It shows the financial heath the company is building. With Divi on the cards, this because a company in a totally different league than 99.9% on AIM. AND it will attract different investors too. Expect more ii's. This is very significant!!!

2. "I expect drilling in SWP before mid of this year"..."Cash in the bank"

3. On M&A:"several offers out..."in detailed negotiations with several parties"..."optimistic that we can do a deal in the not to distant future" CHECK THE GRIN

4. hardly any debt

5. Even bigger GRIN when asked if CERP is attracting industry interest

https://twitter.com/AlignResearch/status/1082956813908279298 Still going long and not sold a share. Excellent. Assets are there, need the peeps to unlock potential and 2.5p is back on the table. Brilliant entry point.

Is that the same WTI that jumped back from $42 to $50?

can’t see anything new about it....must be subtle:-)

that’s the thing on AIM, right: as long as a company is not making any money (e.g. exploration phase) then said company is at the mercy of the inevitable placings to keep the lights on. Until they start making serious money. Big if, because most never get to that stage. In that case, you rarely have institutional investors who invest with a 3-5 year window in mind, but you have pi’s who are mostly driven by sentiment. Traders then exploit any potential weaknesses of a share and we are left hanging dry. Seen it time and time again. learned the hard way. So for me, potential of great (which is why I follow this share), but proper foundations are a must (which is when I will buy in). Otherwise AIM is just a casino, and it’s usually the house that wins.

that in itself is a warning signal, Peter. Let’s see what happens when more substantial news comes out. I don’t know anything more than anyone on this share, but we have all seen the pump and dump on AiM. And when I see the Twitter-tamp brigade in action, I tend to stay away. Has done me well more often than not!

I think it’s more basic than that: according to the company’s website the mine is targeted be commercially operational in 2020, and there is a placing looming over MOD between now and say April 19. So, coupled with less favourable drilling updates, and given MOD is not making any money yet, it was always going to go south. I did try to warn about this but seems impossible to have open conversations these days on BB without it turning into a silly shouting game. Anyway, better drilling updates would only have delayed the inevitable decline IMHO. It would have happene regardless because of the target date for commercialisation in 2020. Just MHO and in April, I hope to buy in.

it’s written for small caps....

https://i2050capital.wordpress.com/2018/12/29/lessons-from-2018-small-cap-investing/

Wonder how you would evaluate MTR following these lessons?

disclaimer: in no way, shape or form, is this a dig at the Crown Prince. Just putting it out there :-)

https://www.bloomberg.com/news/articles/2019-01-02/opec-output-falls-most-in-almost-two-years-as-saudis-begin-cuts It’s rare, but OPEC actually did something:-)

bought my kid a book "Where is Wally?"... seems like a hit.

Thinking of selling a new one myself: "Where is Bonker?" :-)

agree with all of that. Some dates, numbers, targets would have turned this RNS from an ok-ish one to a great one.

he’s nasty everywhere. Technically astute but clueless about business

that is indeed the premise on which their entire modus operandum is based. It goes against the festive season ...but dishonest people can be clever. Sad but true. It’s like the song goes: nothing changes on New Year’s day.

asked the same question but no reply. He is a swing trader (dixit his twitter account), and traders are clever people. So am pretty sure he has “de-risked his portfolio” ...

the main risk is the copper price?!!! Sweeping statement. You could for starters add “IMO” and then refer to MODs prospectus "...confidence in the Company’s ability to be able to secure the debt funds required for development of the T3 Project targeted by the end of Q3 2019" Funds required....