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Released yesterday, quietly going about their superb business. http://www.publishingtechnology.com/news/the-iet-partners-with-publishers-communication-group-for-sales-representation-in-europe/ Don't worry Sir, a few per cent here and there versus massive spikes up... The next spike will not be far away.
Are Kolar targeting a large resource, I know 10moz was mentioned at point right? It amazes me how MARL have a valuation like they do... And I even have a wedge in there!! I just think there are much better value companies out there, including this one maybe.
Likely because the SP has been oversold over the last six weeks. The market had the company priced as if it was crumbling, yet the interim statement showed they are still generating a profit even in extremely difficult times. So even though the statement was average overall, it was actually much better than what the market were expecting, hence the rise.
I think I can taste a little vomit in my mouth. These Pump and dumps are getting awful to watch.
Fair enough, the debt is minuscule relative to its yearly profits, but I understand your methods. I looked at Serabi, fantastic grades but it's resource is tiny, barely enough to warrant the hassle... Unless they are expecting a bumper resource upgrade I don't see long term upside...?
Sorry for the slight off topic, but have you ever looked at fellow goldie AAZ? Any thoughts or anything in the pipeline in regards to an article on them?
I noted that HGM's chart seems to follow the price of gold more than most... Could be interesting/exciting times if the last paragraph in this article comes true... http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/10/26_Brace_For_Horrific_Consequences_For_the_US_%26_For_The_World.html
I got in this afternoon, mainly down to the research down by Chip on the Advfn forum. Not sure if you've seen the multiple tables he has produced but they are fantastic. This share in my opinion offered the best margin between revenue/production costs at around 30% and the lowest market cap/resource ratio at around 20%. If you haven't seen that thread look it up, epic code chip.
Have you looked at MWA, seems a good recovery play after today's RNS... They have 3m oz of gold amongst nickel too... To quote RNS The total Indicated Resource increased by 16% to 0.634 Moz at 3.33 g/t. http://www.investegate.co.uk/mwana-africa-plc--mwa-/rns/zani-kodo-resource-update/201310020700114791P/ Today's RNS showed they had cut costs, increased revenues and generally turned things around. Take a look.
Well Mirl have Don Nicholas pretty much seen up with finance from the Argentine companies that joined together, but you're right it isn't their 'biggy', that's Ollachea, but Don Nicholas will still produce 600k oz of gold so there will no stall in revenue even of they were stall in financing Ollachea. I certainly so think cost of production is key, I read non not long ago that Amara 'd prod cost is closer to $1000pz so not masses of profit with each oz sold. II know Ollachea has 1.4m ounces of officiated resource in Ollachea, which as of Edisons last report valued indicated ounces at around $150, and 1m of that total figure is proven, which Edison values at $200 ounce so upwards of £150m of value on that project alone. Finance is key, I don't know of you spotted the warrants from Macquarie on Wednesday, exercise price of 67p before December 2014, to me that shows an awful lot of confidence for the SP to rise beyond 67p in a just over a year, but Macquarie have 18m of these warrants and at 67p that equals £12m so there are interested parties out there. Diluted.... Kind of, but at a 400% increase to today's SP... Not really. Keen to know what resources Amara have waiting in the wings?
I've a few grand in here, (mainly because I liked its links with Samsung) and a few grand in MIRL. MIRL's operating cost per ounce at $500oz is far far cheaper than most, ic. Ama, which do you see as a better investment and why? To note I know minimal amounts about Amara...
What do you think then mate, 7am RNS with yay or nay? Or wait until the 5pm deadline...
Defo a buy as I paid the same price at 08.13 :)
Yeah I noticed it was pretty much like the TE01 BB for a long time. Fundamentals look good, with a an offer deadline by Wednesday. Hopefully a piece of tumble-weed might come by later and give me some inside info
Guessing that was laced with a hint of sarcasm!? You in here?
Just stumbled across the share... Two days to decision on a possible offer... This share looks cheap, debating a punt... Thoughts? I'll keep researching what I can :)
What do you make of the numerous large orders? It's usually relatively easy to decipher the delayed trades, but the SP was up and down all day.