Member Info for MarcEtMaker

I think so too. Any volume and this goes. Only 1 mm left at 28.

I can see a new all time high tomorrow. It’s getting quite close to delivery of the high wall miner and I’m hearing the CEO is back in the US now ready for the site to get going.

Market cap still only £100m and not on the radar of many. Was obvious there was not much stock around because as soon as some pressures turns up it goes into NT. Current mining plan of 40,000 tons a month gives more revenue per annum than the market cap. What an opportunity for private investors this share is, normally these opportunities just go to the institutions.

With only 70m shares in free float the next few weeks will get very interesting.

No trade currently - all sellers are out

Look where priced bounced on the 17th August

Claire - lots thinking the same as you therefore compounding the share price fall. Imo it’s a psychological drop. In the fear zone right now and will bounce

Should bounce here IMO

Yes you are correct. Wanted to be conservative With my figures. You could add an extra 30% to those figures if taking vol a into account as those figures on vol b only for the full 40,000 tons.

That being said, 2022 will get very interesting once they have have the profit to re-invest into 3 streams:

1. Ramp up production to 1m tones per annum. That’s double those figures above again :)
2. Drilling campaign to increase reserves to 50m tons. Current mine life to 2028 to plenty of time to have that sorted.
3. Purchase of local existing mines/coal reserves to use production capacity 3.1m tones.

Once at full capacity it’ll be divided time for sure.

Furthermore as things develop I expect p/e to increase to take into account future growth opportunities. P/e of 4 is very low. Personally this double that is about industry average.

This share is a beast and is already showing that in the price action so far. Shown today by the rapid buying at any weakness putting in another higher low and soon another higher high. Market makers controlling this very well so far as no one is selling. They are faced with people buying dips as opportunity and people buying as share rising and therefore can’t win.

My price prediction this year is 63p. That is based on the following figures.

$250 met coal price - 20 day average taking into account volume discount.
$95 all in cost of production.
40,000 tons mined in December.

$250 - $95 = $155
$155 x 40,000 = $6.2m profit
$6.2m x 12 = 74.4m annual profit
74.4 x P/e of 4 = $297.6m market cap.
Converted to Sterling is £221m market cap.
221m / 350m shared = 63p a share.

The neckline resistance is at 6.2 and therefore retesting it

Mopping up sellers.

8.8% now

And the warrants cost 10p

However they will need to stump up the cash to buy them at 5p each

Yes that was my initial thought too. The lock-in for me was for the initial stake at ipo.

Kay - are these companies listed in the lock in??
Allenby capital - 118,250
Clear capital - 2,040,000
Optiva -1,750,000
Orana - 370,880
Novum - 170,870

there is a difference between the warrants and options. Yes the options will be linked to the lock in , but the warrants referred to above will not. Without checking they are likely related to setting up the IPO as a few which was taken as a warrant. Think I have confused some on here, but was just making everyone aware of the total warrant values as could be exercised soon due to share price at present.

There are not many and should not effect share price.

Same here, not deramping, just simply pointing out what extant warrants are about and they may get exercised. However on that note an RNS will come out to that effect if they are so only speculation .

Nice Article!!

Btw that’s all of the warrants they have in totality.

And why would anyone do that with production starting in 3 weeks. Not really a lot of warrants in comparison to total issued shares. Just keeping a balanced board and keeping those less informed in the know so there are not any surprises.