Member Info for lignumvitae

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.

.... as they that cannot see.
The MENU of this company is being laid out for all to see. Starter - Main Course - Dessert.
We are invited into the kitchens to view the preparation of our feast.
But investors seem unimpressed by what is on offer - even at bargain prices.
But in due course the JORC resources will be announced - equivalent to Michelin stars.
And then, of course, the investors will flock to the company, but they will be paying a higher price for the privilege.

PopeUrban: But when institutions are approached regarding a potential placing they do, effectively, become insiders. And in the main they bid the price down & then the company crows about a "significantly oversubscribed" placing & so [a] the price falls upon the announcement & [b] some placees rush to flip the shares & so the price falls again. Then, before you know where you are the market is awash with shares & there is an overhang & all confidence melts away.

So, why not court a cornerstone investor. This investor is offered a significant chunk of shares at a price that meets the company's valuation of its assets at that point in time.

Just for the sale of argument let us say that we need to raise £80 million in equity. Lets say that the company & the investor have agreed a investment of £20m at a price of 10p per share = 200 million shares. Then institutions are approached at the same price for the balance £60m BUT with full clawback under an Open Offer, ie the institutions only get the number of these shares not taken up by existing shareholders.

So the cornerstone investor, who is prepared to commit up front sets the reference point for the fundraise & the existing holders effectively have pre-emption over the balance of the raise with the institutions taking up the balance.

What is holding back the share price at present is [a] PI's being afraid that they will be diluted via a cut price institutional placing with a derisory "crumbs from the table" open offer while [b] institutions not investing because history tells them that they get in cheaper by waiting for the cut-price final funding without taking any of the early years risk that PI's take.

If the company and its advisors are sufficiently confident of the value of its assets & the vallue to be accrued in the future then they will play this very strong hand of cards appropriately.

I think that if the company were to announce that so far the equity raise element of the financing is concerned that there would be [1] a cornerstone investor & [2] an open offer on the same terms which would preserve in full pre-emption rights then tis would remove a whole area of uncertainty and, in consequence, be very positive for the SP.
In other words a "win-win" situation.

Any chance of anyone posting messages about AFC here ?

Completion of the various elements of the overall deal expected before the Christmas / New Year period.
Excellent news. All of the latent value in ARS can now to be released.
A copper supercycle promises to be the icing on the cake.

An RNS on Labola today - and very informative & encouraging it is - but no comment to date on the Bhukia court process.
That indicated to me that detailed discussions & negotiations are taking place behind the scenes. MB has a reputation as a facilitator & an untangler of knotty problems.
I have the hope & expectation that he will secure a favourable & legally watertight outcome for Panthera.