Member Info for Moneymaker2015

Christian is also on the Chairman for KIBO though and they’ve recently ran out of cash. They tried to consolidate but shareholders voted against it. At the moment no one currently knows what’s happening.

Every company is different and just because someone’s done well at one it doesn’t mean they’ll be able to replicate that at another.

It will be nice to see the results when they’re eventually published. As I’ve said previous I’m not expecting good results considering the contractor issues last year but I’m interested in the progress that’s been made on site at WK and anything they may have done with regards to work on site at MT. An update on Semenovsky would be nice too and where or not anything is happening there.

I wouldn’t hold your breath for any news of a sale anytime soon. Iain Rawlinson was only appointed less than a month ago, depending on far along things were at the point he came in, it could be a fair few months yet until a formal offer is announced.

Simple illustration but straight to the point. Moral of the story is that even the BoD think this is significantly undervalued. Considering we’re now just a few weeks off production I can see a big change in sentiment in the not too distant future. Exciting times ahead.

It would be a nice little extra if there’s sufficient nickel and cobalt to warrant mining deeper. It would make it enticing to any would-be buyers or assist with obtaining funding if we opted to go into production as it decreases the risk significantly.

Right, from the comments to my post it appears that some people are getting confused with the account statement, which could explain the unnecessary rants in my direction.

Ignore the pre and post tax profits for now as the Vanchem purchase looks to be the confusing point for some.

Revenue - $116m 2019 / $192m 2018
EBITA - $32m 2019 / $101m 2018
Operating Profit - $22m 2019 / $95m 2018

My point which you can see from the post is that they are monumental drops, all of which are down to the drop in Vanadium prices. Hence why I said we need Vanadium to increase.

People were ramping the hell out of this yesterday talking about the profit that has been made. The results are not that good as you can see above. Don’t get me wrong Mokopane will make a huge difference but the fact that it’s now two years away from the DFS due to the deferral isn’t good news either.

I did notice a while ago that many on this board in particular do not like it when someone brings forward news that isn’t all colours and rainbows. The fact is all I’ve actually done is highlight that the account statement isn’t as merry as some people are mis-leading it to be.

I thought we would have had a little jump in the sp today after Boris’ news yesterday. Now it’s looking more so like a slow and steady ride until either Cinemas open or the US starts to have a big turn around in COVID-19 cases. I expect either/both of these will be the news that give us a nice uptick.

Yes some big buys lately. Could make a decent return if the news is positive next month. Hopefully there’s no delay in the news either as I’m counting down the days now! I just want to know it’s secured, then I can just sit back and watch the news flow for a few years.

We’ll have 100 interested parties by Christmas knowing LC!

In all seriousness though, it’s nice to see the sp rising in anticipation of the news. Hopefully if everything goes well, we may have selected a funding partner in about 2 weeks.

Why are people so offended by my post. Someone had just mentioned about how how fantastic BMN’s post tax profits are. I was just pointing out that next year it isn’t going to be anywhere near the same unless we get a huge upturn in Vanadium prices.

People were ramping the hell out of the results all day yesterday. Just because I highlight that it isn’t actually outstanding news, there’s no need to get defensive.

Oh and Pdub you couldn’t be more off the mark with your trader comment. My average is 10p thanks to Covid-19, which I will be holding until 2025. Just because someone doesn’t sing praises about every bit of news, it doesn’t mean they’re de-ramping the share.

Looking at the time, the 8m was likely a worked buy, which is why it was able to go through.

GGP is an odd little share. I got in last year about 1.8p, with a target price of 10p in a few years time. Somehow it’s smashed this already off the back of little news. Not that I’m complaining but I’ve set a stop loss at 10p just incase the bubble bursts. Another I’ve got high hopes for is BMV, they’re looking to have funding finalised in a month and are aiming to ramp up to 100k oz Au per annum within 5 years, so should rise nicely.

Provided KAT can secured funding, there should be a nice little jump in the sp here fairly soon too.

The numbers aren’t as outstanding as you think. A post tax profit of $69m. $60.6m of which relates to Vanchem. This is very disturbing as Vanadium is still at rock bottom and we don’t even know the financial impacts of COVID-19 yet! Unless Vanadium takes a huge unexpected upturn in the next 8 months, there’s a very good chance we could be looking at a loss in 12 months time.

Deferring the Mokopane DFS for 12 months isn’t the best of news either as it now means we’re waiting 24 months to find out the potential of this project, never mind realise any actual potential from it.

The results aren’t catastrophic by any means but they are far from good compared to the position the company was in 12 months ago. We’re literally begging for Vanadium make a U-turn in price.

To answer your question, the yield is against the price at the time the dividend was issued and has nothing to do with your individual investment. For example, if you are lucky enough to purchase shares in a company at a ridiculously low price, later down the line if the shares price has shot up considerably, you may receive dividends at a higher rate than you purchased your shares.

Hope this helps.

lol 100k is only about £2k! Today has had over £10k more sells than buys too, that’s what I’d be more interested in rather than a couple of quids worth of buys.

There’s a few people here ramping this a bit too much.

Yes, provided funding can be secured it’s likely there will be a small jump in the sp, which is why I’m still holding. Don’t let anyone’s ramping fool you into thinking KAT has huge potential with Blyvoor. It’s not a huge project and they’re only looking at building up to a low 35k oz per annum. KAT will only be receiving Income from 1/2 of this also.

As I say, it’s likely the sp will go up over time, but don’t be thinking this is going to be a 10 bagger or anything along those lines from listening to people’s ramping, as it’s just not going to happen.

To be fair to goldy, the sp went up to 100p about 2 weeks ago and that was off the back of no news. When I bought-in sub 40p people were saying there’s no way it’s going passed 50p, it did. Same again for 60 & 70p but it’s gone comfortably passed them. I wouldn’t be surprised at all if it’s back to 100p in the next two weeks at all.

It’s very good news given the current circumstances. CINE have very good accounts generally, so having an additional debt facility available should they need it will put a lot of minds at rest that they can ride the next few months out.

I’m expecting similar myself, so am just using this year to top-up where possible. Not sure if we’ll re-rate next year or the year after though. However, once the debt is substantially reduced and the market becomes aware of how profitable OPG will be afterwards, this will start moving quickly. Just think of it like the Guinness advert; ‘Good things come to those who wait’.

I have a feeling it may be a little more extreme. If we secure the deal, as they’ve already mentioned they intend to use some of the cash as a special divi, I can see us jump to 6p+ short term as traders will jump in. Similarly, I wouldn’t be surprised if we drop to sub 3p if a deal isn’t secured as it will likely be seen as a big negative by the market and many will cash out some profits (unless some positive news comes out also).

Admittedly, if we did somehow drop below 3p I’d be topping-up myself. Gold is expected to go over $2000/oz by the end of the year, with some analysts anticipating $5000-$9000/oz in 10 years time. AAU would be in a position to fund Salinbas themselves in a few years time and gold may be at all time highs. We’re extremely lucky to be in a position whereby we’re making profit, continually expanding our resources, have resources expected to keep rising in price and are unlikely to have to carry out a raise resulting in dilution in the future. Obviously DYOR but this is one of the shares I own that has a good upside potential with very little risk attached.

Yeh, it’s not as phenomenal as some people make out is it. The sp will go higher once funding is secured and milestones to production are achieved, but in terms of resource and future returns, there’s much better shares out there.