Member Info for MisterPositive

Valuation-it-is

Sir. What is the profitability forecasts for ITM with £3.75BN Mcap ?

If anyone interested have a look at CCZ.
Institutional investors getting in ahead of a potential deal.

ARCM looks very Overbought.
STOCHRSI at 100%....

ITM price in my view is in bubble.

Market price Vs renue is around 1000 to 1 ratio.

Thats like paying £1000 to get just £1 revenue???

Totally nuts.

PHE is way too undervalued.

Monday RNS ?

That second batch was still in the Lab.

Its obvious Kalg.....

was trying all night deramping PHE

Interesting to know Institutional investors also getting on board here.

"While the transaction could be completed as an all-cash transaction without any shareholder approvals, the Company believes that a milestone based mix of cash and shares as consideration for the acquisition to be the optimal formula, as do the counterparties, demonstrating their confidence in the prospects for the Licences and their desire to participate in the value accretion potential for the Company. In addition, the Board would prefer to retain as much cash in treasury as possible to be put into value enhancing, on the ground activities in the ROC."

Company also stated, they can do ALL CASH deal if they want to without shareholder approval.

So major shareholder got to be on board already with the Deal.

Company has already negotiated bringing in Project 'Partners' to come in and take Equity stake.

Who are these partners ?
to come on board....confidential off course now.
But they obviously happy to earn in to this highly attractive Copper deposit.

Was reading up on CCZ projects in Zambia last night as a catch up.

"Results confirmed eight target areas with significant copper anomalism and strike lengths, ranging 1.5km - 4.2km, which extend known mineralisation compared with the January 2020 campaign."

Castillo Copper's UK-based Director Ged Hall remarked: "We continue to make good progress in Zambia across multiple assets. These soil anomaly results from Mkushi are highly encouraging since they extend mineralisation along strike from a known operating copper mine."

Lot of Distressed assets about, hence you can snap up a really good deal if you are CASH buyer.

And still have circa £5m CASH in bank.

May be to snap up another lucrative Asset.

Master stroke deal when you are CASH rich.

Value will be multiples not current £8m mcap....
I bought more today. Will get some more at this cheap price. Market will realise value here very soon. No brainer....

They got 2.5m cash.

No need for raise near term. May be after 6 months but the JV partner could take it from there.

RIO and BHP and others must be keeping upto date with Headlines with the high copper grades at the 'BIG ONE'...

Copper is the new Gold.

Only $800k to pay now.

Company sitting on circa £5.6m CASH

Give it bit of time and this should get there and more.

Only about 460m total shares in issue of which major shareholder got 100m.

Wood,
Was it you who said risk it delists ? Or somebody else.

Whoever it was...scaremongering at its best.

Good thing that people do their own research and not get panicked by stupid comments like above.

"On completion of the acquisition, Ormonde has negotiated to bring in project partners"

Anglo American may be ?

incoming i think....

On first batch of Assays this was up around +54% on ASX.

Exciting times. Buy and Hold.

Saint-tropez
Where are you mate? Massive news at ORM.

May be next Assays are back from the Lab ?

Due soon anyway.

Excellent RNS.

Copper is the new Gold....

This is an Asset acquisition deal.

Mcap will not stay low here for long.
Bought another tranche.