The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I'm not 'deramping' I'm actually trying to build a position here!
Please debunk this fellow. From a poster on Twitter: #AAOG for 40p it need a license. if license not extended in July 19, even a good well will not make the company no money. 103 is a risk but can Sefton tell us about the risk on license ! #FINNCAP obviously lies about it.
Yeah the low market cap, low free float plus the sexy NM news that should serve as a catnip to Pis is what attracted me to this share in the first place. GGP at its prime was a massive turdington but caught the hearts and minds of get rich quick investors (such as myself) and they ended up dancing in a speculative bubble of their own demise. If I have a point it's this. In the short term, I can see a lot of money being thrown at this in the short/medium term by Pis and which will cause the shareprice to spike at an obscene value. However on a longer time frame, that value might not look that obscene. That's if everything goes smoothly. However that time frame is two years away (at least) from being realised. Probably closer to four.
There is potential here I agree, but looking at the timescales, that potential is quite far off IMO. From what I've read SOLG we're much further ahead in regards to exploration and proving up their resource than OMI are at this stage. Remember that the initial phase lasts for four years and we're looking at well over a decade till phase three has been completed. Bought back in here today for a trade and hoping sentiment/heard takes it towards 15p. At these levels and if everything goes to plan then it might actually prove to be a good investment rather than a typical gutter rampathon. But a bit of realism is required :).
Newmont own 20% of Continental: http://www.continentalgold.com/en/continental-gold-announces-strategic-investment-by-newmont-mining-and-investment-by-rk-mine-finance. It was probably Continental who brought OMI to Newmont's attention.
I sold out at 9p after buying at just under 6. Looks like I sold out too early. It should rerate to at least 20p on momentum IMO but I don't have the balls to hold it as I threw literally everything I had at it lol. Good luck with it anyway.
Newmont's investment is locked in for 4 month, so I'm guessing that the next couple of months will serve as a kind of probationary period where OMI undertake some sort of stratigic drilling programme to prove that their initial gold grades aren't a fluke. So I'm expecting some kind of RNS in the next couple of weeks stating 'Orosur is pleased to announce a resumed drilling campaign focused on a few strategic locations of it's wholly owned Columbian gold prospects'. Or more eloquent words to that effect anyway!
NM have been investing in a few Latin American miners recently. Just two weeks ago they bought a stake in Evrim: www.juniorminingnetwork.com/junior-miner-news/press-releases/1247-tsx-venture/evm/51399-evrim-resources-welcomes-strategic-investment-from-newmont-mining-corporation.html. Then there's Miranda: http://www.mining.com/newmont-extend-footprint-colombia-lyra-gold-project-deal. They ruined sentiment with a dodgy placing the day after it seems. Last year they bought 20% of Continental too. It's not the most politically stable of juristicions to do business in. Saying that, a multinational whale like NM probably know which pockets to line and they obviously see some long term value in these plays. I'll try and join the dots tomorrow :).
This isn't an investment, its a speculative bet. It COULD go to a pound if all targets are drilled, but it could also go to near zero if they don't even get off the ground. Any succeses / failures along the way will be met with respective extreme positive / negative fluctuations. I bought £1500 at 10.75 hoping for a ten bagger and will average down with a £500 top up if the share price drifts lower. However I'm fully prepared to loose most of it if the drill isn't a success. If you want safety then speculating on junior oilers isn't a good place to be IMO.
Well I imagine Spreadex got in at the IPO price, so will (IMO) be looking for a 50% return from the 4p mark. Or a reasonable return from the 4p mark.. At any rate Aberdeenman is not the messiah, rather a very rampy boy who's 'multibagging' share picks tie in rather cozily with Spreadex's portfolio. They probably employed Mr Aberdeen to ramp the stock on the bulletin boards. But owing to his previous disasters, the mug punters have (wisely) steered clear. Well I sound skeptical but I've staked £1500 quid in this. Mainly because Spreadex aren't stupid and will be looking for 10p minimum return and they'll have a few tricks up their sleeve. I reckon NFX will release a few juicy RNS's in the next couple of months to spike the share price, entice the punters and make a juicy return for Spreadex in the process. Well NFX MIGHT of stumbled upon a transformative technology that will benefit millions and thus become a juicy honey hole for us early investors. Or it could be just another mirage. Either way, there's easy money to be made IMO.
Don't you mean England are nothing full stop. WITH or without Kane?
a nice momentum trade. Could do nicely here in the short term. Medium and longer, well it depends upon the management landing juicier contracts and actually generating revenue. The RNS reads like a PR puff piece, scant on actual details regarding revenue. Saying that, it sounds like a step in the right direction.
You sound like a repressed Wiff Waff champion from some Oxbrige college. Even without fantastical predictions, on current earnings this share is massively undervalued at the current price*. Either get some skin in the game and watch multi-bagging magic unfold or do one. *Undervalued because of companies debt and companies bad reputation caused by previous mismanagement, but it's a near certainty (70 - 80%) that those two issues will be resolved in the next couple of months. All IMO obviously :).
I don't think this share will appeal to the average mug punter. I should know because I AM a (reformed) average mug punter. So in retrospect hoping for a boner inducing increase in the share price after the earnings were announced was wishful thinking. Mug punters are usually attracted to either: a) Exciting, gimmicky new technology prospects that promise to revolutionise life as we know it, or b) Wild speculation on some kind of pipe dream mining fantasy. The biggest gold find in a decade, the Gatwick gusher or similar nonsense. In their eyes this is a pretty boring, unsexy company that for whatever reason doesn't grind their gears. But it's a boring unsexy company that's actually generating a bucket load of cash. There won't be a sudden spike in the share price as the mugs pile in. Instead the share price will increase gradually and quietly in the background over the next couple of months whilst all the get rich quick fantasies spike to high heaven before biting the dust.