Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
I've mentioned it a few times on here over the last year or so.... the RNS need to give a monetary value to the assets- maybe when Boland results are firmed up a $ sign will appear against the discoveries- that way the general market can gauge what they are buying into..... my opinion anyway.
Good Old Malcy to stoke the fire and put us out there again.The buys are slowly rolling in again. Hopefully we should hear from Gil in the coming weeks with more good news and give the SP a proper lift. Its building to be a vey interesting year fro Eco.
Nice post Tom....... I think they've been hitting the Vin rouge though at the sunday roast....a few hundered mill in two years!...a 50 bagger?! Blimey- i'll have so many millions of $$ it'll be like winning monopoly!
maybe a 10 bag in my tea leaves at some point?
GLA!
I had a lovely tickle with BSE this morning- had to take a few off the table there and put another 600k in the pot here…. I’m getting a sense the snake is getting ready to dance…. :-)
(Off topic Base resources BSE is a nice hold if you’re looking around- I still have quite a few in there for the long term).
Thought my shares were bottom drawer until Toliara started….. great RNS. We get cash dividend and shares going forward.
Toliara is on track as a major long term cash cow
Ive been there a few times with OCDO over recent years…. Hold it out and you’ll make a profit…eventually.
What I’ve noticed with this share is when you think it’s safe to dip in your toe- it rips the nail straight off!
I’m holding off until next week- too many unknowns at the moment.
GL
South Africa is a broken country- regular electricity blackouts, billions of $ spent on coal imports and an election looming.
Namibia is now sitting on billions of barrels- SA needs to get Total/Qatar on side.
According to Gil we have nine companies vying to farm in to Orinduik and target spud in 12-18 months..... I'd expect that to be slightly delayed but 3/4b drilled sooner.....
reading between the lines and sifting the tea leaves...
In all honesty I cannot see us being above mid-teens on first spud. We need positive Guyana news and we need to hit Oil off Namibia.
Risk appetite amongst the Aim brigade for drilling is subdued to say the least!
I'm still in LTH for a sizeable chunk of cash average of +20p... waiting very patiently
Note to future self….. sell some shares on release of RNS and buy an additional 20% back the next day…
Actually… having been here since inception I don’t have the b4lls to do that!!
Gl LTHs…. Our time will come
I’m a bit confused by this….. In 2019 Westmount announced that it entered into unconditional agreements to acquire an additional 313,500 common shares in Cateleya Energy Corporation ("CEC") at a price of USD $10 per share, for total consideration of US$3,135,000 million (equivalent to GBP £2,582,372)….
But WTE mcap today with all the various investments in many companies is still only at £2m…
So, WTE either overpaid for CEC or the rest of the portfolio is worth zilch?
Maybe someone out there can unconfuse me?
Sws…. Thanks for replying….. the reason I stopped adding was because the SP goes down after I buy! (Apart from the 250k last week). I’ve got a few million shares valued today at roughly half what I paid by average over the years.
I know placings are part of the growth for greenfield mining stocks, so I presume most of us marketeers now wait on the sidelines for a bumper rns ready for the next placing?
Very much appreciated LordChaos.
I suppose the question we ask ourselves is why isn't the market taking a similar stance on the valuation. If the company would state in an rns they value our cricket players at $, surley that would give the SP a leg up....?
atb.
Lordchaos..... you're causing turmoil! Last week you said we should be 2p and now you're peddling £3..... I'm loving the optimism!
Ive mentioned a few times on here I think the company should put a value against the targets and mines it has- it would really assist some of us laymen/women with our own theoretical valuations. On that note- can you put your calculations on here that gave you your 2-2.5p valuation?
Cheeeers.