Member Info for MartinN

A £13bn market cap giving a £1 SP would require around £800m annual profits if a not unreasonable PE ratio of 16 was used. If we had an overall AISC of say $1200 and a gold price of $3000, we’d need to sell 575koz of gold a year. That’s a reasonable target if there’s a new find at Telfer and one or two more prospects come to fruition. Not saying it’s going to happen but it’s not beyond the realms of possibility.

Indeed they are Darloman.

However £0.054 is not the same as 0.054p which was his point.

What’s stopping the SP soaring imo is people piling into Crypto which is taking up spare cash. Bitcoin Cash has just taken a huge dive in the last half an hour and bitcoin itself is down 4% today. Tomorrow’s GGP opening could be interesting if it stays this way.

Technically it is incorrect James

“The notification does not specify any acquisition or disposal of financial instruments, suggesting that the change in voting rights is due to direct share transactions.”

There have been no share transactions and the TR-1 shows the before and after share numbers which are the same.

Not really sure about that Noggers.

If the cash position of the company is similar to the market cap then that would suggest that the market thinks the company is practically worthless. If there’s a full order book and a clear path to profitability that would suggest that the SP is a strong buy. I suspect it is reflecting uncertainty brought on by the expected policies of the incoming US government but in reality once that settles down there will still be a market for ITM’s products and the SP will eventually reflect this.

The wondrous news from yesterday has been baked into the SP for weeks. What will make it move significantly will be firm news about things we don’t know yet but have been speculated on here for months. Thanks to Bamps’ regular updates from his sources I’m confident that there’ll be no shortage of good news RNSs appearing regularly over the next few months.

Topped up today at 33.37p to bring my average down to 47.8p so it doesn’t look quite as grim.

Hopefully I’ve hit it at the bottom, and as someone who was on the ride to £7 with a much smaller number of shares without selling I’m hoping that the turnaround starts today.

Surely it can’t get any worse? Can it?

Swazers,

You must be a multi-billionaire with this advance knowledge of what share prices are going to do.

Very kind of you to break off from doing what billionaires do to spend time on a little forum to tell us how smart you are.

Kudos.

Anyone know why brokers are expecting a huge price drop today?

https://x.com/baroninvestment/status/1864211079489884230

Presumably there’ll be a flurry of TR-1 RNSs when all the big shareholders’ percentages change at 8:00 with the dilution to 13bn shares?

➡️

All current info is baked in already including tomorrow’s completion.

It will go up when new positive information is released which I predict will be quite regular.

Haha

That’s what I meant!!!!

A put option is the right to buy a commodity (either a physical one or an equity etc) for a certain price below the current price at a particular date in the future. Each put option costs a certain amount based on the markets perception of the likelihood of that price being reached. In this case, if the market thinks the gold price is highly likely to fall then each put option will be very expensive. On the other hand, if the market is reasonably confident the price of the commodity is going up then the option price will be low. Hope that makes sense.

Effectively it’s an insurance policy against the price of gold going down.

The market seems to like the detail of the debt facility and put options. Yesterday’s news was pretty much priced in but today’s has added over 3% in early trading. Very promising.

The market seems to like the detail of the debt facility and put options. Yesterday’s news was pretty much priced in but today’s has added over 3% in early trading. Very promising.

I’m perfectly happy to lose that one Redirons.

Hope you’re right.

Also the ASX listing will open it up to a lot more IIs which can only be a positive thing.

My personal view is that the takeover is pretty much priced in - maybe a small rise on the back of the news could happen. What’s not priced in is what I anticipate will be a steady flow of positive RNSs over the next year which will help the SP rise steadily to double figures and beyond.

Just my opinion.

Thanks for the update. I wasn’t expecting anything over and above the GGP distribution which was worth significantly more than the SVE shares they replaced. Anything else is a bonus.

Honeyhun

Don’t forget Newmont will own 20% of GGP so they’ve not totally let Hav slip through their fingers. They’ve effectively given up 50% but don’t have to manage the mine and they’ve also effectively picked up 20% of all GGP’s future operations. Overall I suspect it’s as good a deal for them as it is for us, if not better.