We would love to hear your thoughts about our site and services, please take our survey here.
Agree Senderos, this looks primed and ready to go.
I am starting to think AA have moved from looking to negotiating. Cant be long now until we get the results and AAs proposals.
Really hope they want to fast track us to production to capitalize on the copper demand expected over the next decade.
Sure MMs have tricks to manipulate volume. That's how they make their money. However there is absolutely no benefit to MMs holding the price back on a stock with only 6 trades in a day.
To be honest it looks like the MMs have given up on this as a money maker for them, for now. There is just not enough interest either way. Buy or sell.
IMO, the market is pricing IOG were it sees its value. If more people wanted to buy into IOG the SP would rise. They don't, so it isn't. Simple as that.
I don't like posting negatives on my holdings. I find that the vast majority of posters only want positive points of view and it ends up more an argument than a conversation when I do post negative points.
Having said that, I have posted my thoughts on IOGs issues before. And I would like to discuss them further. So here goes.
Whilst the BOD have done a good job getting the core project to where it is, in difficult circumstances, IMO, they have made a mistake in focusing solely on the core project and have neglected exploration. IMO, Production dosent work without exploration. Exploration & Production works. Its tried, tested and proven. Take out the Exploration and all the Prodiction is doing is consuming your assets. IMO, they made a big mistake putting all there eggs in one basket with Harvey. Now we have no clear way to increase resources and hence reserves. IMO this is holding the SP back.
I keep reading that IOG are fully funded. What that really means is that they have secured debt for Phase 1 capex. All they have done is borrow against future revenues. IMO, at the moment phase 1 revenues pay for Phase 2 Capex. Phase 2 revenues go towards paying the debt. Then after the debt is paid the production profile and revenues drop off markedly. How will investors actually see a return. I cannot see how this becomes a dividend paying company. IMO this is holding back the SP.
IMO the market is pricing in expected delays and cost increase on the core project. No offshore Oil and Gas project in the UK has been delivered on time and on budget in the last 10 years. Not by BP, Shell, Total etc. etc. I hope our project can be delivered on time but IMO its fair, especially with COVID to price in some delays and cost increases. IMO this is holding the SP back.
IMO, We need to increase resources, increase production and increase revenues to markedly increase the SP. IMO, we need to this through Exploration. The BOD keep going on about stranded assets / resources. IMO this won't work. Stranded assets have been left behind by other operators as they uneconomical to produce. Opex outweighs revenues. Stranded resources are stranded not because of the lack of a pipeline or infrastructure. They have not been developed as they are uneconomical as Capex outweighs revenues.
I will hold through to first gas. That's my play here. I just hope that we can increase our production profile. If we can I can see multibag returns. If not I may need to lower m
Spiked to fulfil the big buy. Dropping off on lower buying volume. Nothing more IMO.
Should eventually rise big time. Grades permitting.
When this type of share goes it goes quick. Just look at OMI recentley. 5 bagged over 14 days.
Really hope they can do a good deal to sell off the lithium asset soon. Strike whilst the irons hot so to speak.
Good read. Things will get interesting if we manage to secure some of these headline grabbing contract awards.
Bojo et all, will provide all the PR the winning bidder could ever hope for.
Might even see him abseiling from Sampson or Goliath with his union Jack if we were to win. Lol.
There are a lot of people beating themselves up here. Hindsight is a wonderful thing. I feel for them. The emotional side of inveating is IMO the most difficult aspect.
Over the years I have learned that if I hold on a spike and it drops back I beat myself up. However, If I sell on a spike and it keeps going up I beat myself up even more.
Once you've sold on a bag hoping it will drop back to see it 10bag is a killer. I would rather loose some of my inital investment than loose out on my expected upside.
Nowadays I research the life out of small caps, find ones with clear paths to growth, who I expect to multi bag and I hold until the story plays out either way.
All I need to do is get more right than wrong and I achieve that the majority of the time now. I guess that why I don't beat myself up anymore.
Someone must have some inclination that the results are good.
No one puts out £110k on possible drill results. Looks very leaky to me.
Think I will double down tommorrow.
MT1
Nice tick up. This should go back to 40 in double quick time.
I agree with everything you say Colonel. 5 bag would be justified if drilling comes in as hoped.
However, the way the gold junior market is at the moment anything can happen. Could be 5, 10, 20......
Seems there is another gold rush going on.
Wassap, just reckon this under the radar. The current valuation must have HZD on the interest list for mid to top tier biopharmas. Maybe another takeover attempt, successful or not, will put this back on the radar.
Seems to me that 90p is a pretty safe entry point whatever happens.
Gold juniors are the place to be at the moment. If the results start coming in with high g/t headline grabbing grades this will rocket.
With MCAP so low we could be in for some ride. All dependent on the grades of course.
MT1
Yeah shook out some profit takers. Looks ready to move north again.
That would value Ewoyaa around £180m. I personally don't think we see that much. I think around 90% discount to NPV will be closer to the mark.
I certainly hope I am wrong and your estimate is closer to the mark.
Got to be good news for a junior miner, sitting on potentially Tier 1 copper asserts and in discussions with a Tier 1 mining company regarding JV or sale of those assets.
Timing looks perfect for a positive outcome for ARCM.
https://www.mining.com/copper-surges-to-28-month-high/
Remember that old ad for orange mobile. I reckon, the futures bright, the futures golden is more apt for IRR.
From what I've read / heard it seems that the Ghanaian Lithium asset will be sold off, we will become a totally gold focused company, maybe with a rebranding as Gold Ridge Resources Plc.
Timing looks almost perfect. Current interest in lithium should help with sale of Ewoyaa. Given the SP Angel NPV8 value of £298m on based on 2Mpta processing plant I would expect to achieve around £30m for Ewoyaa.
£30m would put us in a very good position to fund exploration on our gold projects on a standalone basis. Playing right into the upcoming bull market in gold.
Finger crossed.
MT1
Shouldn't be long until we start seeing the first drill results come in.
If the results are good then this it will be loft off time.
COBR seem to have done thier homework in stages 1 and 2 so pretty sure we will find the gold if it's there to be found.
MT1
Can't be far away. Commenced drilling 26th September with with turn around time at the lab expected to be between 3 to 5 weeks.
Good results and this should fly.
Added some COBR to my Gold holdings today. Looks like it has massive potential.
Gold juniors are the place to be at the moment. Hopefully see a big rise in due course.
GLA
MT1
Malcys a balloon. Just look at some of the companies he's pumped over the years. Sound Energy, PMO, Pantheon, Amerisur etc. etc.
Better off without the likes of him pumping our company.
Trying his best to come up with something negative and the best he could manage was DELT are bid proof at the moment unless a monster bid comes in.
Sounds like a pretty good place to be to me.