Member Info for Moneymaker2015

Bought value is near double the sold value, yet the sp goes down. Baffling!

To be fair to jax, like many of us here, just invested badly. Kibo, like the majority of the AIM stocks was always destined to go below 1p. I was confident of this myself but still jumped in over 5p with the small glimmer of hope that MCPP would kick off before it dropped so low. Obviously MCPP has had hiccups, so the sp dropped to where everybody knew it would before any projects come online. Even a few years back the chances of Kibo becoming a success without 2b shares in issue was slim and we were all naive to think the opposite. So don’t complain if a raise is required in the future as it was inevitable from the outset.

Unfortunately jax now blames the company for his bad timing. Whilst many people here have averaged down or got in at low prices, jax has refused and prefers to slate the company he once adored, as a way of avoiding acceptance of his mistake. It’s ok though because when we’re all sitting on healthy profits once this goes above 3p, he’ll still be ****ging off the company and praying that one day he might just break even.

True, but we will get $30m upfront n return (which they’ve already said will partly be used as a special divi). Plus, we’ll get a free carry to production of Salinbas and we’ll be able to get it in production far quicker.

If you’re looking at selling out in less than 5 years , the partnership is the better option. If you’re looking at holding for another 5+ years then understandably keeping it ourselves may be more beneficial.

Well the Nav is important, the sp isn’t. If we were to sell any assets or the company, the only things properly looked into are the asset value and the cash position. Share prices and mcaps are of little value.

This is nice to see actually. They used to be very active on Twitter but the last few months have almost been like a media blackout!

The mcap is ridiculously low. Our Nav 12 months ago had this at 2.12p, since then Kat’s value has increased a fair bit too. Anything below 1p here is an absolute bargain!

Irony is that Construction hasn’t stopped. I work in construction and it has just carried on, only with distancing measures in place. Yesterday, he just clarified that it can continue. I think the issue with Bordersley is with it being international. It will depend on the what restrictions are still in place or whether or not the site works will be undertaken by personnel from this country.

I’m invested in a few gold companies, the two I’m most keen on are this and BMV. AAU because of the significantly low risk to upside potential and BMV because of of the huge upside potential and low number of shares, slightly higher risk as they’re not going to producing for another 6 month though.

AAU Highlights;

- Production costs here are $540/oz, RNS 22 Nov 2019.

- £33m Initial capital debt completely paid off, RNS 01 May 2020. This is a very significant milestone in terms of more revenue now becoming profit and also capital requirements for other projects.

- The $30m is to relinquish just over 1/2 of AAU’s current 50% holding in Zenit. They will also relinquish 17% of Salinbas. The deadline for the new partner to enter into agreement has been extended to 30th June.

- Current Mcap is very low in terms of revenue/profit and moreso the $30m of the proposed deal.

- Pros and Cons of the new partnership are that it will provide $30m cash, which is to be used in part as a special dividend and also to go back into the company, it will also accelerate production of other assets. Downside is that we’ll be giving up assets for a much lower price than they’re worth.

The stock looks cheap in terms of revenue/profit vs Mcap. I understand the 51% sale for $30m appears to be not the preferred choice of many shareholderss, but it will allow them to rapidly progress with their secondary production target? Or purchase something else entirely?

Thought today’s RNS would have given us a firmer base but we’re 3% down already and it’s not even 11 o’clock!

Completely baffles me this share price, even on good news the sp drops. They haven’t done it yet but god forbid they ever release bad news.

TDT,

Yes I do think it clarifies the position, literally for the reason you just quoted. They have clarified that they in discussions with the arm of Citic bank that is involved with international acquisitions and mergers, it’s rather self explanatory. Unless there’s a formal engagement shareholders don’t need to be aware of further details. They confirmed months ago that no formal engagement had been signed. Similarly, we don’t need to know details of any mergers or acquisitions being discussed until a formal offer has been put forward.

It doesn’t shed light on to what they’re doing in the background and why they’re staying suspended for so long (the point of my last post). It’s clear they want to remain suspended for a long duration as they would have known back in October the arm area of Citic they are working with so could have clarified that on the same day they were suspended.

It just dipped back to 13.8p and has now gone back above 14p, good to see it holding strong!

Just seen that now! To be fair, it’s still a bargain for this company.

Looks like there’s been a lot of interest here over the weekend. Bet the people that have sold are kicking themselves now. Doesn’t look like we’ll be lower than 13p again at this rate. Onwards and upwards to 20p!

Obviously, dyor

I’ve been thinking the same for quite some time. Through all the years I’ve been in here, the company has always had a big media presence, especially on Twitter and they had already mentioned working with Citic to look at the prospect of a deal. At the minute there’s a big media blackout, very out of the norm. They’ve clarified their relationship with Citic and now a resignation of a Nomad at the most convenient of times for the company. It’s clear they are keeping things very hush hush and do not want to be on the market at present. We can only speculate as to what is going on behind the scenes but I wouldn’t be surprised in the slightest if we were to receive an RNS in the next couple of weeks saying the AIM has granted an extension for us to finalise a new Nomad.

Only just read the RNS from the other, didn’t realise the company were in so much trouble! I bought in here 2 months ago at 5.5p (mistakenly without much research), thinking the sp drop was purely due to Covid-19 and it would be a quick 5 bagger. Now I’m not sure I’ll even get my money back! It would be interesting to see how they’re going to cough-up the £6m. A raise with the sp at this level would be disastrous.

It’s more than likely WK would be sold at the same time. Pt and Pd often substitute each other to some extent. For any potential buyer it would be considerably de-risked purchasing both, and be an immediate revenue stream. Plus, Pt isn’t very profitable at the moment so EUA would have to do a considerable drill programme and ramp-up to make it worthwhile for themselves keeping WK.

Nice to see a 54p valuation and even based on a Vanadium price of just $29/mtV. Chances are in the not too distant future Vanadium will pass this but it still shows how this sp is an absolute bargain at anything under 25p

I found the same last month. I’m not an anxious person but seeing some of my pharmas shoot up so quick sent my anxiety into overdrive! I was panicking to hit the sell button on a few of them just incase they dropped at the same rate they went up. A lot of it as you say was ‘lemmings’, seeing one go up they were flocking to nearly every pharma on the market hoping the same would happen. Once the whole Covid saga is over I think we’ll see a lot more interest in companies like this as it’s a much safer bet long term.

30th Jan RNS,

‘Generated unaudited underlying EBITDA of US$42.4 million’

The fully audited figure shouldn’t be too far off this, so very good year overall.

I wonder how many numpties are kicking themselves for selling out at 11p today. It’s nice that we’ve finished in the blue once again on no news too. Looks like the lows of sub-10p caused by Covid-19 are behind us and they’ll be a gradual rise back to our usual position of 20p.