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Finished blue after a trawling expedition by the market makers. Funny.
A shares price can fluctuate massively over a period of say a year. It can go from massively undervalued to massively overvalued, to tie remuneration to that seems foolish to me. Better to tie remuneration to boepd as it is much more stable. The incentive is there to keep increasing production and the shareprice will eventually reflect true value. Might not be good for those wishing to trade the share but for long term investors it seems the fairest way to me.
I know news is often sold into but selling into todays news seems particularly stupid. We've effectively been given our licence to print large bundles of cash in about 8-9 months time. I don't expect this share to be at this price even by the end of this week and I think anyone selling and hoping to buy back in any sort of quantity will struggle to get back at a cheaper price. Either way today was excellent news and a massive box ticked in the derisk department.
Levi it isn't the job of directors to 'look into' buys and sells of shares. If that is even possible, I mean with data protection laws how are they supposed to get that sort of confidential information? It's a ridiculous notion. The directors job is to run the company to the best of their abilities. The market will do what the market wants to do. At some point fair value will be attributed to UOG.
"Every board on LSE claim their aim share is a bargain."
The vast majority of aim companies are not generating substantial profits let alone even any revenue. So while their holders may claim it that doesn't make it true. Here we are generating significant revenue and profits that will continue to grow so I would argue that yes we are indeed a bargain when compared to most of the dross out there that comes back to market year after year to raise cash just to stay afloat.
Brad work is carrying on regardless of Covid and not just in the UK but many countries around the world. I personally have had to work all the way through this pandemic because I'm classed as a key worker. We take precautions but the work still gets done. Covid will be around for many years and people will have to work around it that is a fact.
What gets me is with the PPA and the funding it's nothing that can't be done either remotely or over conference calls. It's just paperwork and politics ffs. To keep putting Covid up as an excuse for us not getting those two things is deluded as far as I'm concerned.
Exactly how I see it Tex. Trying to whip up concern about a raise when they've just raised money via the sale of Valore shares looks like desperate tactics. With the amount they need to get this to production I don't think they'll need to raise at all but if they do it will be at a much higher shareprice and absolutely minimal. With such a small amount of CAPEX needed and such an attractive payback schedule debt looks to be the favourite route to take but this won't be for a while yet. Still plenty of work to be getting on with and it's all fully funded.
Extremely tempted to now sell out of a few non performers and top up here. This is by far my best performer this year and I can see it going a lot higher as we move towards Q1 production.
Blue touch paper about to be lit!
"I challenge anyone to listen to that interview and not get excited!!!"
I got excited. I'm still excited lol.
lor, I have been critical of LR but yesterday my post was intended to bait LR to try and draw him on the value event and it looks like it worked ;) sounded very positive to me. Now I'll go back to sleep and dream of a much higher shareprice.
I'm reading 2.17% up here and 2.2% up on advfn
There's a clear strategy here to dilute as little as possible and I persoanlly find that very refreshing when so many other companies come back to the market time after time.
This strategy ensures that by the time we're in production and have a realistic valuation our shares will be far far higher than the current price and also means any future dividends will be that much juicer.
Shed LR is the CEO of course the buck stops with him. That's the way of the world. I did mention that the phrase was attributed to MC buy ultimately it must have been sanctioned by the CEO.
Wrt the selling of EUZ to institutions or potential jv partners, if it is not the management selling the project That's to blame then you're left with the project just not being good enough or not a lucrative enough return for the risk involved.
I dont know which it is but I've seen and heard LR enough times to know his style. It's not a style that would get investors excited, geologists maybe but not investors and LR has often told us how good or robust the project is so I tend to think it is a question of either the presentational style or LR's very cautious nature that is not firing up either pi's or institutions. Nothing from EMEA and days with barely any trades or volume to speak of.
Ok thx dcat, so yeah somewhat of a case of lost in translation or just my lack of understanding lol. Whichever way I look at it this looks good though.
When we need such a (relatively) small amount of capex for the basic DSO operation I really don't see the need to JV, especially with just a 3 month payback period. Once that is out the way we can surely begin self funding the path to fully exploit the titanium as pigment ourselves or in partnership with Fodere? Or am I missing something? Maybe it's just a case of lost in translation.
Nice interview, in some ways it resonated more than the more technical ones with me. We're about to enter a very exciting time here, Bryan knows it and all the long term holders here know it too. Just need a few more pieces of the puzzle slotted into place and then BOOM the market will get the full glorious 4K HDR picture.
No one taking the bait from the EMEA... you have to surely lie the blame for that with the directors and their ability or lack of to sell the story of Toral in a way that gets people excited.
I said years ago LR is a technical man and he loves the technical side of mining. That's great in moving all the technical aspects along but as we've seen over the years it does bugger all for the shareprice and doesn't inspire anyone.
As an AIM mining director you need to wear many hats. Yes you need the interest and ability to understand and pursue the technical goals but you also need to manage the newsflow, manage expectations, keep investors interested and excited in order to manage the shareprice and be able to sell the story to bigger investors.
I don't doubt LR's technical nouse but in other areas he definitely is lacking. This 'value event' was another mistake, made by MC apparently but allowed to go into the rns by LR. Now all we hear every day, quite naturally is 'where is the value event'.
If it doesn't turn up and we have to raise cash in the markets again at any price let alone at the current price investor confidence will be destroyed for good. I sincerely hope that scenario doesn't materialise.
I don’t feel the need to comment when there isn't really anything worth commenting about. Like bebeto this is and always was a long term hold for me. I have faith in the management to keep delivering. When the next news release comes out I'm sure there will be plenty of chatter to keep you amused. Latest drill results should be very soon...
Not quite sure why we dropped below 7.5p previously, there's no technical reason that I can see, perhaps it was to entice a few sellers or to fill an order. Whatever the reason we look to be heading back up now. Clear of our previous support level and a good solid day today. Most indicators looking positive too.
https://www.tradingview.com/x/1XyWu7Qg