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The placing price is fine but it is the warrant kicker that I object to - and little wonder that the placing was oversubscribed.
Lets just say that a placee subscribed for 1m shares @ 8p = £80000. The shares then go to 2Op on a good RNs about the graphite reserves. The placee cashes in their 500,000 warrants at 10p - sell at 20p = Profit on that trade of £50,000.
Net that off and they are left holding the 1m shares at an effective cost of £30,000 = 3p per share compared with a market value of 20p = %age UPLIFT of 666%. The existing PI's who have been diluted have gone from 8p to 20p = %age UPLIFT of just 150%.
I call this "The Dick Turpin effect".
Surely MT you have said all that there is to be said on this subject.
If you have sold 75% of your holding but still hold 25% then the only reason for this constant stream of negativity [whether what you say is right or wrong] can be to drive the share price down. The only reason for this would be to buy in at a lower price. Similarly if you actually do not own any shares at all.
It is all very transparent. You have laid your "evidence" before us all. We can read it or not. We can agree with you or not. We can hold/sell/buy or not.
To continue in this vein simply exposes you.
Investors are taking on board the reset as outlined in the recent RNS, allied, of course, to the much improved oil price fundamentals.
Any sharp rise in a beat-up stock will bring out the stale holders & so a set back is to be expected. The chart from here coupled with further announcements will be the key.
The extension in geographic reach continues - note today RNS re Canada.
Note also that Alkindi is the paediatric treatment with patients then transferred to Chronocort [key approvals due shortly] & which then captures a lifetime of treatment.
This is building a company franchise which is not yet baked into the SP.
Progress with Ditest however would be the read company maker.
Totally agree gregpeck. HSS has got its mojo back.
You are missing the transformation which means that you are missing the change in investor sentiment.
More sellers than buyers = sp downwards / More buyers than sellers = sp upwards.
Wilbur, I think that your position in Anglo Pacific will reward you very well, both as to income yield & capital appreciation.
Well Wilbur79: I consider that there are many reasons for investing in RRR.
Just try this little one for size:
Jupiter Mining are spinning out their Mt Ida iron ore operations. RRR has a 1.3% gross revenue royalty. Of this Anglo Pacific has an obligation to purchase 0.45% for $8 million. With iron ore approaching multi year highs and assuming same valuation then the value of the whole is some $23 million. Or the remaining .85% can be held as a source of royalty revenue.
Well darientaylor - given your flurry of negative posts you obviously consider this to be a pile of s... So you presumably do not own any shares here & so what is the point? What is the agenda?
As to the write back of impairments which then produce the bottom line profit, this is absolutely transparent within the accounts. Anyone reading them cannot but fail to understand.
Well I reckon that it certainly ranks for potential above: Bezant / Empire / ECR / Alba / Power Metal
Well, let's try another word:
Geothermal
Checkout's latest funding round values it at $15Bn = £11.11Bn.
PCI's Market Cap is currently £33m = approx : 1/333 of Checkout.
You don't have to be Sherlock Holmes to see a discrepancy here & so my feeling is that to check-in to PCI could well be a very profitable move.
The Mirabaud analyst report was done in September with a reference Brent Crude price of US$45. The read through is not only the 20% current uplift on this figure on current profitability but also the greatly improved prospect of a Serenity farm out or outright sale.
Mirabaud had price targets up to 19p with a current conservative target of 10p. An updating of these figures for current oil prices would give increases far greater than the %age oil/gas increases.
Of course there is "many a slip" but the future is looking good here.
I expect a savage market reaction to today's RNS. This may well provide an opportunity for the brave.
No longer the fracking pariah. Read last week's business update RNS. Already twice its 52 week low but needs another 175% increase to reach its 52 week high.
This is a company changing with the spirit of the time. It has got this far without any help from the bulletin boards. It has [imo] much further to go.
Maybe, just maybe, Quadrise's time has finally arrived.
The post money valuation for ALM is now some £9m - up from some £2.5m.
The new money is an important validation for Orbital & the company is now becoming a potential winner for ALM; not on the scale of say Spin or Federated but welcome nonetheless.
Everyone is talking of a flood of money pouring into Panthera when Eurasia booms. That makes two big assumptions [a] that Eurasia will move significantly from its current level, ie MCAP £965M & [b] that if it happens Panthera will, very generously, have waited around for them to get on board.
I am no expert on Eurasia, other than knowing where it has come from & noting that Norilsk had detailed knowledge of it being its next-door neighbour & had ample opportunity to pick it up cheaply during the long years that it sat around at a miserly valuation.
As to why Panthera is still cheap at a MCAP of £25m I simply say, "compare its assets with those of its peers", also, "compare its management with that of its peers. Having said that I note that financing will be required but the avenues for this are various and aided by the quality of assets and management.
Mark Bolton has a declared aversion to over-dilution & I am happy to trust him to obtain finance as and when in the ways that he considers are best for all shareholders, not simply a privileged few. As to new money coming in from PI's I am happy for the facts to speak for themselves, That, I think is happening now & whilst there will always be traders I think that the old & stale investors are now largely cleared from the share register.
If Red Rock [Andrew Bell] can use the leverage of the option on debt acquisition now entered into to the extent of ending up with a significant equity position in the DRC acreage -- AND -- if the skillset of operating in the DRC exists to the extent indicated -- THEN -- this truly is a potential company maker.
AB states that the option provides a "seat at the table" going forward. The prospect has a 3.2m oz JORC with exploration that promises to increase this very considerably. For PI's the way to get their own personal seat at the table is to take a modest stake at this lowly share price. That is what i have done - now i simply sit and wait.
AB hopes to have positive results reports of talks and negotiations within 3 months or so. I wish him well.
As to finance juniors will always need periodic funds although the quantum will depend upon their modus-operandi.
Panthera appear to have a policy of mitigating risk by judicious jv's where appropriate & appear to run a tight ship. However you do not retain significant equity in promising high value assets without funding.
The key here is the potential of the assets which is clearly very significant. The company is very good at laying everything on the line & providing detailed and well explained information.
Given [a] the need for medium term financing & [b] the strong future potential I would suggest that Convertible Loan Financing may be appropriate, at least in part.
I would hope that the terms could incorporate low, say 6% coupon with conversion at a significant premium to reflect the potential.