Member Info for Mr10cent

You've got 500 stores trading profitably.

You've got on the record that they missed sales in AW24 due to poor ecommerce setup which has been addressed

You've got a MININMUM 10% profit benefit in currency year on year for all overseas purchases - is that worth £10m or more? Straight through to bottom line!

The cost increases from April are known and managed by the Board of Directors which is an offset against some of the above...

You've got the prelim update that shows they are ahead of plan...

So, benchmark the business against their peers like Card Factory and other retailers and you can see why there are thoughts of £2 not being unreasonable.

Double £32m is £64m market cap or more like £1.10...it doesn't seem unreasonable...especially if profitable momentum continues to be shown!

Next planned RNS is 3rd week in July only a month away!

Challenging 50p again today and a lot of buys going through over 50p…will it finish above 50p today?

Since 22nd may it’s been a steady rise here and today it touched 50p.

It is still significantly undervalued.

There is a significant profit upside coming just from the exchange rate benefit - most purchases made in usd…and there is a 10%+ difference yoy just on the exchange rate. On the works annual purchases that alone covers the profit target so as long as the BOD maintain things…there is way more value to come as the market wakes up! Not Unreasonable to see rise 4 fold from here but needs patience and steady upward market guidance!

That’s 2 days in a row circa 250k share trades appear 24 hrs after they happened…both times the prices look like purchases. Share price continuing its upward movement…would be great to break out to 50p+

The works looks like a good investment. KLSO nearly doubled their money already. Look forward to their next commentary on this part of the portfolio.

All the hallmarks of a warren buffet stock! Buying now into positive momentum

Morning!

So the management have set the context in Jan 25 and today announced they are circa 12 months ahead of “plan” in terms of ebitda. £9.5m! Up 58% yoy! Retail is always about momentum and this performance should galvanise all! Think this is undervalued still versus its peers!

Totally happy for you to summarise the thinking in that way...£5m v. £1m MARKET CAP backed up by some tangible theory. Just need the team to prove how long it will take the mill to deliver that amount of gold...and it could get quite exciting here!

from the rns on 18th april 2024;

“at the omco mine site there are significant tailings and unprocessed stockpiles dating back almost 100 years. in 2022, the company commissioned an independent report which recorded an inferred resource of 31,000 tonnes grading 1.6 g/t gold and 3.0 g/t silver in the tailings, together with exploration targets in the substrate beneath the tailings and in a co**** stockpile at the olympic mine. this will be the first material to be processed for gold and silver concentrates through gwm's 50% owned western milling joint venture.”

if we can get the mill up and running the first goal is to realise 31,000 x 1.6g of gold or 49,600g. that’s 1,750 ounces or versus our 374 ounce valuation. 4.6x current value!

clearly it doesn’t happen instantly but prove it can happen starts the upward movement. the silver 3,280 ounces would be worth an additional £80k. i know all of this puts forward a very simple view but if brian et al can show this can all happen the re-rate can begin!

If you apply the same principle to Greatland Gold with a £1.8Bn market cap it’s worth 753,288 ounces. Two very different companies but some context to think on.

From the GWMO website the gold opportunity is expressed as Target range 450,000-1,250,000 oz gold.

At todays gold price that is £1.1Bn to £3Bn. That’s how we all get super excited about the potential re-rate here 🤣

Looking at this the other way the market is valuing the company at 0.08% of the bottom end of that estimate! 374 ounces v. 450,000 ounces.

If Brian et al can reframe the narrative this business should rerate significantly!

Why could it not be £100m or 100x from here?

Equivalent of 38,600 ounces of gold.

Get the mine going on the spoil heaps and this story can build quite quickly!

Have been thinking about the company valuation and it struck me that we never talk about the market cap in relation to gold. At today’s share price and today’s gold price this company is worth 374 ounces. Think about that. No value for the mill, no value for the copper, no value for the silver, no value for the other precious metals. The market currently feels GWMO is worth 374 ounces of gold.

As ever…we will just have to keep waiting…but wouldn’t it be wonderful to get a little communications momentum and for the company to catch a few breaks in 2025! With the minerals prices the inferred resources etc valuation would be one statement worth sharing as a bit of a recap as to why we all think there is more value to come for this company…

You’d think there would have been a sentence or 2 about the production wouldn’t you. Even if it was along the lines of “following a succession of regulatory hurdles we will shortly commence production from our jv facility” . Just something to reassure shareholders some progress is forthcoming…not mentioning it seems counterintuitive

Thank you for taking the time to list your sources and your assumptions - once again! Your posts are always worth reading and I hope like many long term holders the GWMO market cap starts to reflect the work done to date and the forthcoming progress that today’s RNS signals!

Is this not RNS worthy?

All those employed by GWMO you would think are checking/waiting for this news like the investors...or do they feel it won’t make a material difference to the share price.

Or more likely is there some frantic activity going on right now...

“Somebody wake Brian up...the permit is approved!”

Cowie mentions HE1 as one of his worst performers today in the paper. He tells of investing at 10p and then recommending selling at 27p. No view on buy/sell/hold…just nothing of any value really…but it is a mention.

8 more days of +10% and I’ll be back in the black!!!

In all seriousness having held GWMO since September 2020 it would be great for all of us if they actually got something over the line. Every time they RNS I convince myself that the market cap of £Xm is too low! Currently now £3.44m - my avg suggests I need it to be £7.6m. I’ve bought all the way down from .29p a share! At one point I owned over 1% but can’t keep buying forever so I hope this is the upturn for all…and if you are joining now…you’ve saved yourself 4 years!!! (I appreciate some have been here longer!)…

Just posted the link as couldn’t see your post on here due to all the rubbish on this board - thanks for posting and sorry I didn’t see it!

Https://www.helium-one.com/wp-content/uploads/2024/05/240516_HE1_Africa-Energies-Summit-Presentation_FINAL.pdf

Would be good to get the permit and prove some return…and then do all the calculations again…

Patience…surely has to win out here!