George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
78% since my first purchase on 22/12/23, with an average of 39%. Although that may appear quite good, I'm genuinely puzzled as to why the SP hasn't risen faster. Listed as a Super Stock category on stockp.... with a low P/E of 3.8, and qualifies for 7 of the long term screens, which is an unusually high number. Still plenty of Gold available over the next four years. Maybe its just under the radar due to its small size?
Of the 75 buys and sells by directors they have been all purchases except for 3 sells in June 2021, and one other in November 2010. So a good vote of confidence from them.
55% of shares are held by the top holders.
Meets the Josef Lakonishok Momentum Screen(Momentum Investing) criteria.
Trading volume 10 day vs three months has increased 47.8%.
Since the 150dma line crossed the 200 dma on the 6th Feb the share price has gone up 28%. Lets hope that there's not a general market correction in the near future as it will dampen the SP moving forward.
Crystal. What attracts you to KEFI ? Looking at their specs, it appears to be all jam/maybe sometime in the future. No revenue, no profits, and just enough cash to be able to buy a small terraced house in Grimsby (prior to the recent share placement to raise more dosh). The political stability in Ethiopia is fragile, though Saudi ok. There quite a number of Gold mining companies that are benefiting in real terms today from the recent price/oz rise e.g. HOC, CEY, MTL, PAF, RSG, SRB, & WPM. Other than maybe profits in the future, the only other positive is the recent director buys.
"The 3 analysts offering 12 month price targets for Resolute Mining Ltd have a median target of 31.65, with a high estimate of 33.23 and a low estimate of 27.69. The median estimate represents a 52.14% increase from the last price of 20.80."
Revenue expected to increase by 30% by 2025 compared to 2023. Plenty of cash and no debt.
Go much higher, with P/E rolling 5.7 and plenty of upward momentum.
As if SMT might be getting out of the complacency hole it dug itself a couple of years back.
ICB888. I still have holdings in PAF, WPM, MTL, HOC, SRB, and some other miners. I thought I had sold all the SHG shares, but found a few more in another account. It looks as if tomorrow will be another big day with Gold just having punched up through to $2023/oz. Good luck all.