Member Info for Moneymaker2015

I wouldn’t worry too much about the current share price. It has peaks and troughs. Luckily each time it’s had a peak it seems to consolidate slightly higher than the previous time. It’s the next lot of news that should get this moving, provided there’s no delay it’s likely to be boom or bust (hopefully not the latter).

To be fair, now wouldn’t be a bad time to get in as things are heading in the right direction. The mcap is still very low after all.

It’s any long term holders with high averages that may be here for a longer haul than that originally expected. Hopefully, there won’t be anymore raises later down the line.

I’d probably avoid basing anything off EUA’s financials. I’m a long term holder there too and financially it’s yet to make anything. The only reason why the share price has rocketed is because of the size of their non-producing asset. It is absolutely huge and EUA also first refusal on the surrounding land, which is also rich in minerals. They’ve announced the company is up for sale and share holders are anticipating it to bring in significantly more than its current mcap. Their financials have changed little since their share price was 0.45p.

JD, when we went over 3p, it hadn’t done far off similar to what EUA has done.

EUA went from 0.45p to the current circa 30p (>6000% increase). UFO had gone from 0.07p in April to over 3p a week or two ago (>4000% increase).

It’s the thing that amused me when we were between 2.5p - 3p and a lot of people were saying ‘this could be the next GGP’, obviously not realising this had already far surpassed what GGP has done this year, with its circa 1200% rise at its peak.

Haha, Dark, that is the million dollar question!

Everyone’s investing strategies are different. Me personally, I look for companies that are near production/just commenced, not very popular and share price is still low. EUA was a prime example, I only invested here because WK wasn’t far off production and the share price was still 0.45p. I wasn’t here for MT, that was just a bonus. If it dropped tomorrow though, my top three would be:

1. BMV - The one 50% of two mines currently. In about 15 days an independent expert is going to be valuing the other holders 50%. BMV can then purchase this for 90% of that value. They want to get into production early next year and are fully funded, with a target of 100k oz of Au per annum. Provided the independent expert doesn’t put a silly value to it, it’s a fairly low risk, high return prospect.

2. In turns of just gone into production, I’d probably say either KRS or VAST. Both have just started production recently and their share prices haven’t yet moved, so the only way is up as I see it for both.

3. Slightly higher risk, but SRES is near production and it’s share price is still ridiculously low, so worth a good punt.

Two others that I’m hopefully going to be putting big chunks in are AAU and OPG. Both have been producing for a number of years and doing very well, yet their mcap are still fairly low in comparison. I see them as a very low risk way of doubling my money as a minimum.

As I say, everyone’s strategies are different, they would just be my personal picks. Obviously, DYOR and don’t just take my word on any of them.

Mark, I know exactly what you mean. I originally invested £4k here. Throughout the last 12 months £30k of it has gone to my bank, £10k into other companies (which has doubled already itself) and I still have a few 100k shares left here for the end result. If you’d told me about 12 months ago I would’ve turned my £4k into £40k, I probably would’ve snapped your hand off straight away. Now, even though I’m glad I’ve taken it out, I do still think ‘Damn, that £40k could’ve been worth so much more had I just left it in’.

It’s likely quite few shorts would have been opened between 2.5-3p. We did jump straight from around 0.5p to those levels after all.

When I got in around 0.085p, all I was anticipating was for this year it would have risen to the pre-covid levels of around 0.2p. I’ll even admit I couldn’t tell you why it has risen to 0.6p, let alone 3p. When it did rise to near 3p, some like myself that had made decent margins would have offloaded a portion of their profits. These would inevitably have been picked-up by some short positions. I personally can’t see any shorts closing until we get some substantial news, as some of them may even be expecting it to drop all the way to around the 0.6p mark.

Wolster, haha. I put him in a green box along time ago on EUA, literally for what I was just saying about rampers. He only appeared after the company announced that they were looking at putting their assets up for sale. When the share price over there had already risen from 0.45p to over 20p, I’d said new entrants need to be cautious about buying-in if the share price keeps rising as there’s no guarantees that it will sell for the 100p+ like a lot of the people ramping it we’re saying. When I’d said I’d top sliced a few 100k shares Wolster was trying to accuse me of deramping and that because I’d sold a few shares that it made me a trader. As I said in that other post, be wary of people that are only positive about a share...

On the short comment, my nappy would have already had to be changed about 10 times because I bought in here in April.

The bright side is that we now have Falcon Isle, which is already in production. If we did need to consolidate, it’s unlikely we’d do it and then dilute the share to death like some companies have.

It will be interesting to see how the market reacts if/when the permit does land, Togo is a huge play.

I’d said when this was approaching the 3p mark that people need to be wary about buying in because we’d had a monumental rise from around 0.6p, off the back of very little. I got slated and called a trader and de-ramper for saying it’s inevitably going to pull back because there was nothing of any substance behind the rise.

It’s people like some of you guys I feel bad for. The people giving me abuse were the same ones saying this is going to smash 10p by the end of the week. It’s seeing statements like that, which lead to people to buy-in at the wrong time because they’re worried about ‘missing out’.

The one thing I’ve learnt in my time investing is that people de-ramping a share will never make you lose money. Yes, it may deter you from investing, but you wouldn’t actually lose anything. The two things you should be wary of are people encouraging you to buy shares and those that only ever post on one or two boards (no matter how much they seem to know about a share). You’re far more likely to lose money by listening to them.

The way I keep looking at it is the figures we keep seeing for debt paid off will be profit in a few years time.

I have a hunch too that once the debt is paid off, OPG will either look at either expanding or selling-up. Either would be good for shareholders. I just can’t see after what’s been achieved already that the BoD will just be content leaving things as they are for x amount of years.

It’s good that we’ve had a few contract wins as of late. It would be a bit better if we had values / project cash flows to go with them. I work as a QS in construction and see a lot of negative margin contract wins, so to myself a ‘contract win’ is meaningless unless it’s making profit.

I think the issue is that they’re prioritising paying off the debt before they look into issuing a dividend. I personally think this is the best thing to do, it just means shareholders won’t see the benefits for a couple more years yet, hence the lack of interest lately. It will be interesting see where we are in about 3-4 years time. It’s debatably the safest share that I own at the moment, so am happy to hold for as long as it takes.

What makes it worse is his deal making skills. I’ve got a holding in KAT too. Over there he sold Imweru, a potential billion dollar play for a measly $1m. It was staged payments too, not even upfront! They’ve significantly reduced their interest in Haneti to POW. Neither KAT nor POW have the funding to bring it into production, so inevitably will lose more ownership there. This current deal with Blyvoor. It’s only a small tailings project that KAT own 50%. KAT’s percentage will either be reduced and given to potential funders or ridiculously high repayments will be made, significantly reducing profit margins. It’s going to take a minimum of 12 months to get into production also, so likely further dilution on the way there.

I know that was a rant about KAT more than anything else, but LC hasn’t actually done anything for KIBO as of late, other than cover-up Bordersley’s delay with Covid and reduce our interest in MED by putting them separately on the market.

Same, I bought in around 0.06p so 1p would be a nice margin. Don’t get me wrong though, if we manage to hit 1p within the next 12 months, I’d be holding a lot longer, just to see how much further it could go.

There’s definitely potential here. I like that the BoD have worked for some of the big players in the industry, so have experience of working at a high level and hopefully they’ve got the drive to push TOOP as far as they can too.

Yeh, I read the announcement yesterday and was 50/50 as to whether it was good news. It was only on re-reading it, I got the impression that as you say it’s a ‘sleeping giant’.

Whilst we more see more dilution in the future. Unlike 99% of the stocks on the LSE that use it just for ‘general working cash flow’. MNRG will like use it to acquire other near production assets.

The best thing about it is they’re not stuck with one sector. If one area is struggling, we can fall back on the other. For instance, if oil prices drop, it will reduce production costs on gold.

Definitely a bright future here if things go to plan.

This was red when I had a quick look this morning. Now it’s showing as 8% up. I wonder what’s sparked this little rise.

I’ve got a holding in BMN too and I have to say, at the current moment in time, IRON would be much better off not selling to BMN. BMN don’t have the spare cash to throw at acquiring an asset like IRON’s. Plus, they like to purchase assets on the cheap, so IRON likely wouldn’t get the best value for it.

The way I look at MNRG from today’s position it’s a long term hold. If you can ignore the fluctuations in share price and don’t mind leaving a chunk of money here for a few year. On the balance of probably it’s likely to still 10 bag, if not considerably more, despite us having a decent rise already in the last few weeks. The BoD are eager to have multiple low cost, near term projects. It’s not like we’re going to be sat around waiting for years of exploration work to be carried out. If you’re after a quick buck, there’s likely better opportunities around. If you’re after an investment, this is a good punt. Obviously DYOR.