Member Info for maddogmcree

Zinc Price - $3500 in Jan 23, $3000 today 14% drop yet the share price has dropped 25% from the same period. Typical AIM reaction in terms of sold being overdone. Also no account for what will be a significant increase in extraction with 12 months v 7 months last year. Just annoying that I could have got in at this price. But def not selling unless something nasty comes out of the woodwork - hopefully not

£115,000 or 145,000shares sold v Market cap of £141,000,000 or 185,000,000 is 0.1% of the company shares traded yet the price falls 9% - does not equate

Do you not also consider actual assets v liabilities. Last count was a net asset for the company of £109 mill yet the current value of the company in Share value is £42 mill. So I am comforted in that if the company was sold and broken up surely we would all get back 100% of our investment at today's price. Happy to be corrected if I am wrong It will help me learn going forward

True AIM over reaction - so if we assume Joe that selling 5 million shares from a total of 240 million ( basically 2%) shares drops the share price 33% from recent high - it does not equate to real % terms.

I guess we do not know how long that trade has taken to complete -
One could argue the drop has already happened due to the constant sells. If we carry on like this afternoon then we might see the share price rise from here. Nobody ever knows the real reason why anyone sells. We can only ever speculate so is wasted energy. The fact is that the shares were sold and now we can move on.

I guess looking at that £156k plus at least £50k sells today at 16 0r under we still have a way to go just to even up the books in the last 36hrs

I just re read the trading update and looked at the previous lows - share appears to bounce of 15's , I thought I am already in so go with my gut feeling that the company is in a different place to previous years and hopefully on an upward curve. I guess time will tell. I still paid 16.25p had hoped to get under 16 for the top up.

Bought another £5k worth - guess I have averaged down :)

Always amazes me :
XLM - revenue last 3 years 54 mill 66mill and last update 73 mill this year
Profit 910,000 3.54 mill and profit will be increased this year on increased revenue ( The Group's Sports vertical delivered a strong performance during the year, with revenues up 72% to approximately US$54.0 million (2021: US$31.4 million)
Debt increased due to purchase this year)
Assets increased in line with purchase 67 mill to 109 mill
Share price now lower than when trading update given
Guess I need to decide if the falling Knife has reached the ground yet ???

Yet despite this

The Company is pleased to have delivered operational performance broadly in-line with management's expected earnings and revenue targets for H1 FY2023, mainly supported by the performance of its South African PGM and chrome operations which largely buffered the impact of the power and water infrastructural challenges faced in Zambia which have since been addressed.

Struggling to buy more :(

Personally I would rather we are able to demonstrate a further improvement of our balance sheet through increased revenues to demonstrate current model before looking for funding that way we can strike a better deal

As previously announced, Jubilee is targeting the initial production of 50 tonnes of contained cobalt metal which is the equivalent of approximately 220 tonnes of final product, before ramping up to the 1 200 tonnes of contained cobalt metal annual capacity, which equates to some 5 280 tonnes of final product. Cobalt production from waste remains in-line with management's expectations.

Solving the technical challenges places the Company in a unique opportunity to pursue tremendous potential growth opportunities in the efficient recovery of cobalt from historical wastes, including also from mixed copper cobalt materials. The Company is currently considering to upscale the production of cobalt through the potential acquisition of refining infrastructures to expand its cobalt footprint in Zambia.

The additional cobalt revenue offers the Company further opportunities to secure metal backed funding in support of the implementation of the Northern Refining Strategy.

Sometimes when get frustrated waiting for the next update I read the last one - in this case the 19th Dec. As we have had no RNS to state otherwise I can only assume copper and cobalt revenues are now being added as stated so I do believe patience will be rewarded.

Possible correction whilst some existing shareholders have increased their holdings - have we not had others reduce their's or sell out all together because I am pretty sure 33 mill shares bought would have see a bluer sky than what we have endured for the past 12 months. This remains my largest holding but I still await the green shoots (£££'s)from our increased capacity in the south

Anyone any idea whether that might be a buy or sell - might we get a tr1

marc - my guess is others like myself are watching at present - 1 smelter on line but still awaiting approvals - 2 left to refurbish, the problem is fear of more dilution as there is no money outside the placing which was used for refurbishment and directors salaries - so will we see another placing as it could be another 6 months before sales kick in. It is risk reward is this the bottom or might I gain an extra 15% lower. Either way I will know a little more in 8-12 weeks and then make my decision

Good results but market already knew it was going to be good so I am in for the next set of results as if we sustain the momentum the we are on to something and the market will react accordingly - for me any rise in between is a bonus

The future looks Bright :)

Strengthened by the fundraising, the company said it is confident in its financial outlook for 2023. Itaconix noted that it expects to report revenue ahead of expectations at USD5.6 million, more than double the USD2.6 million achieved the year prior.

Come on ITX only a little nudge up and I will have called it right. The market appears as happy as we were all things considered.