Member Info for MB07

Buy a phone lol. Relevance

Https://tradernet.am/ideas/details/19538

Investment summary. We believe that Solidcore Resources shares look attractive for purchase. The Company has extensive experience in large-scale gold production and has demonstrated a stable level of output at its existing Kazakh projects for many years, showing a high probability of future operational stability. The Kyzyl project is the main asset with a relatively low production cost and proven and probable gold reserves of 10 million ounces, which may further increase after a revaluation based on higher market gold prices. The Company has operational links with Russia, which represents one of the main operational risks and has already materialized in the first half of this year. Nevertheless, the Company has started the construction of the Ertis POX plant in the Pavlodar region, which will be used to process both its own and third-party concentrate. Thus, the Company will be able to establish a full gold production cycle within Kazakhstan and eliminate risks associated with Russia.

Target price per common share – $7.5. We have calculated our target price at $7.5 per share, implying a 36% upside potential from the last market price. This target price represents the final result of modeling our assumptions within the DCF framework.

We assign the Company’s shares a “Buy” rating. Solidcore shares appear undervalued relative to our DCF-based valuation, reflecting our view on (1) stable long-term production supported by strong assets, (2) construction of the new POX facility, and (3) the recent increase in market gold prices.

Key elements of the DCF model. The key element of the valuation model was the calculation of the Company’s revenue, operating, and capital expenditures. Overall, the valuation is based on the current gold mining assets — Kyzyl and Varvara hub — as well as the expected capital expenditures for the Ertis POX project. It should be noted that the positive effect from the launch of the POX plant is not fully reflected, while the planned capital expenditures for its construction and commissioning are fully included in the model. Revenue is calculated based on the Company’s current estimates of reserves and mineral resources and forecasted gold prices.

Revenue. The valuation model is based on the latest estimates of the Company’s reserves and mineral resources as of January 1, 2025. The forecast period of the valuation model is 26 years, corresponding to the life of mine of the Kyzyl project within its proven and probable (2P) gold reserves.

Send an email to all of the Vitaly Nesis email addresses. Some or all will bounce off the server for a number of reasons I'll not go into You'll notice the emails were routed through and back from the Polymetal.Ru server's. If your sharing IT, webspace storage and routing. Something to be said eh?

Been waiting for a drop on the 257cents compulsory purchase news thought we'd see at least 300cents

Why it's gone up on such low volumes?????? Dropping again now though

Https://aix.kz/aix-membership/trading-members/

Take your pic.

I can buy albeit over the counter but I could clear the offer and move the price 25 cents. Up.

It's archaic not a great public image for a once top FTSE 100 company It's like AIMs but the company is happy to anaesthetically look ugly. When they want to look ugly you know beauty is hidden.

Once in a lifetime opportunity if you can grab volume at the right price. Time is irrelevant at these prices volume is very difficult.

If the company are willing to offer 257 cents, then it has created a floor to sell into and buy back at. Taking the exchange offer now and with the bid way above 257 cents you'd be silly not to offer your exchanged shares into the book at anything above 300 cents with the possibility of buying them back below 300 cents or even 260 cents.

Massive selling pressure coming from the forced exchange effectively involving 5.8 million shares (out-of-Russia non-sanctioned shares) still held at Euroclear. and 34.3 million shares held at NSD (and other Russian custodian banks). Once sorted the registrar should look neater and the share price considerably lower I'm hoping for.

No buyer's only sellers.

My Brother in law sat under water in the house builders by more than 50% at times for over five years convincing me he'll muilti bag eventually

During the same time I traded in & out up by just 50% he turned up by 300% by just sitting tight.

Get the impression it'll be the same in some of the conflict impacted stock maybe this one aswell but the thing won't drop its an inconvenience over 3 bucks. Maybe the Russians will sell into the book driving the price to $2.57 what the company is offering after all?

Investment bank Teniz Capital ventures into fintech, stakes 49% in Tabys

Teniz Capital Brokerage Ltd, a subsidiary of Teniz Capital Investment Bank, has acquired a significant stake in fintech firm Tabys from the Astana International Exchange (AIX).

It allows customers to buy securities, participate in IPOs, invest in the golden coins issued by the National Bank of Kazakhstan, and features educational material about the fundamentals of investing.

With its new offerings, Tabys offerings will blow past the domestic market, giving clients access to AIX-listed stocks and bonds, as well as international markets and an expanded range of financial products.

Going forward, users will be able to continue building diversified investment portfolios, with professional market analytics and securities analysis capabilities baked into the platform.

In August 2024, Teniz Capital Investment Bank introduced Teniz Capital Brokerage as a standalone brokerage division.

The entity executed over 20 transactions in the past two years, including placements of bonds for Black Sea Trade and Development Bank, Kazakhstan quasi-sovereign companies, JSC AIFN Retam, Capitalleasing Group Ltd., Jet Group Ltd., Kisamos Shipping DMCC.

Established in 1997, Teniz Capital manages a team of 50 professionals from offices in Almaty, Astana's AIFC, and Abu Dhabi. It is focused on cross-border transactions and is a specialist in infrastructure, energy, and technology deals.

The shareholders of the AIX are AIFC, Shanghai Stock Exchange, Silk Road Fund, and NASDAQ, which develops the AIX trading platform. The exchange is regulated under a framework of principles based on English Law.

Https://tcbrokerage.kz/en

Better option than HAYLK

Teniz Capital Brokerage LTD offers a wide range of services in the securities market, including brokerage, trust management, investment advisory, underwriting and other financial operations.

The company's activity is regulated by the Astana Financial Services Authority (AFSA).

Downward pressure on the shareprice hopefully. Tabys holders able to sell.

$3 a pop incoming. Timbrr

Teniz Capital Brokerage Ltd Partners with Tabys App

The Tabys mobile investment app, developed and launched by the Astana International Exchange in 2020 as a social initiative to promote financial literacy, has now entered a new phase of development. To broaden users’ access to a wider array of investment products and enhance its infrastructure, the brokerage firm Teniz Capital Brokerage has been brought on board as a private partner.

Since its launch, the Tabys app has offered aspiring investors in Kazakhstan access to a range of investment products, including exchange-traded notes (ETNs), participation in IPOs and SPOs of national companies, as well as bond issues from selected private companies.

By partnering with an AIFC-registered, licensed professional broker, the range of available investment instruments is set to expand. This includes AIX-listed stocks and bonds, access to international markets, and a broader selection of financial products. Consequently, users will have the opportunity to build diversified investment portfolios, while the integration of professional capital markets and securities analytics into Tabys will enhance their ability to invest more effectively in the stock market.

It is important to note that control of the project remains with the Astana International Financial Centre, and, as before, client accounts are held at the AIX Central Securities Depository (AIX CSD). Yernar Zhanadil, Chairman of the AIFC Authority Management Board, will join the Board of Directors of Tabys Ltd. Relevant notifications of the transaction, along with all necessary documentation, have been submitted to the Astana Financial Services Authority.

Existing Tabys users will not be required to undergo any additional registration or re-registration processes. The application will continue to operate as usual, with a gradual expansion of the available investment instruments. Tabys remains committed to fulfilling all its obligations to clients.

The market is discounting Kyzyl to a zero valuation due to it's reliance on a Russian asset which could be withdrawn at any time resulting in zero earnings from Kyzyl.

Gold ~ $3300 an ounce

AISC ~ $1400 an ounce

Varvara mine ~ 160,000 ounces per annum

Varvara mine earnings alone ~ $300 million

EV ~ $1.8 billion

Trading at 6 times Varvara mine earnings alone

When Ertis POX comes online "Guaranteed" market will price in so earnings will triple to ~$900 million so trading at 6 times earnings resulting in $11.40 share price

The Russian POX reliance is dragging down its valuation as there are no other alternatives in the proximity attracting the same transportation costs as Amursk POX. The sale of the Russian assets has contributed nothing towards shareholders valuation.

Selevi. Without the Russian POX plant, it looks like the Kyzyl asset holds little value reading about refractory ore and hence the market attributes a zero valuation to the Kyzyl asset and the share price only reflects value in cash on balance and the Varvarinskoye asset. So the share price is a little toppy. Good information AthleteAI

Have to scratch my head Jotom; why Solidcore with an annual guidance of $2200 Gold price. Achieving $3200 Gold price in 2025, why are Solidcore sending refractory ore to a heavily sanctioned country Russia just to save $100 an ounce in costs maximum. It's completely backward and makes no sense. They are wide open to be sanctioned. If the UK government or EU possibly knew that Solidcore are utilising a Russian facility for profits then they are sanctioned. It only takes a disgruntled shareholder who has lost everything to report them to their MP. Seems that there's plenty on here to e classed as disgruntled. I might get two bucks a share if they get reported and sanctioned. So get selling please.

Looks like the SP has taken a downward trajectory. No bids loads of offers so here's to $3 bucks.

Have to scratch my head John, why a company with an annual guidance of $2200 Gold. Achieving $3200 Gold is sending refractory ore to a heavily sanctioned country to save $100 an ounce in costs. It completely backward and makes no sense. 2028 may never come with these Neoconservatives at the helm.

HAYLK...... I think chopping my arm off would be less painful. Anyway get selling you guys; I need the SP under 300 cents. Got a pot of $$$$$$$ waiting in the wings. Not much long term value out there at present.

With market execution value & volume in book so low, a house with firepower can move the price 100 cents higher or lower. It's rather an unknown but also a dollar hedge.

11.06.2025

CORE

RUB 300.86

390, 930 volume

$3.84 price paid

$1,501,171.00 total value

The buys are going through off book. If you've buyers waiting for largish blocks and willing to pay 380 cents it tends to set the floor till they get bored and want to sell. I'm waiting for sub $3, it's stubbornly making me wait. 2028 is a long time to wait for buyers of big blocks I'm hoping. Got my Kazakhstan brokers account up with dollars earning interest waiting to be wired. It's frustrating waiting with little volume on offer.

Who owns 55% of the largest tin deposit on the planet. Research solid state batteries. Lithium and tin are both metals with growing significance in modern technology, particularly in the realm of energy storage. Mr Market not caught on yet.

I've a global multi currency a/c so no UK a/c

Not selling only buying but the price is too high.

Stay away from Wood, high fee's sell only if price falls they won't let you buy.

Jon. I've a Kazakhstan brokers account can buy or sell Polymetal. Can buy BATS, BP or Anything. Decided to when the SP was $2.75, ever since access the thing is holding above $3.50.