Member Info for Nonegspleeze

How can this company not go a week without a new disaster? Love all the 'investors got it wrong, load up' chat but sells outnumbering buys 5-1 tells you this is not good news (again). I'm so far underwater here that I may as well just hold on and see what happens. The board seem to be mismanaging this into oblivion when all they had to do was gain a few months grace from the bank, put their head down and do the job. Amateurs.

Lovely day yesterday. Great rns, good volume and a nice finish. Would be even lovelier if we can hold the sp and add a bit today.

Carbon neutral by 2050 seems to be the global benchmark in virtually all industries, the fact that we're addressing it and have a 2030 target puts us in front of most.
In other news I note that the SLP market cap is getting close to ours again. Given that they truly are a one trick pony, stuck on 70,000 ozs pa with zero foreseeable growth, beggars belief. All about visibility, their share trading volume compared to ours is nuts.

Frustrating as ...k
I don't think this is the best news.
Back to rebuilding the SP from the teens again?
Hope I'm wrong.

Given only 3 weeks of trading without Covid restrictions and being completely locked down for the first 15 weeks, these results are outstanding. Well done to the board and staff.

CEO says
'We have seen solid performance in our London sites, which naturally remain impacted by the lower number of office workers and tourists. The regional sites have outperformed pre-pandemic 2019 levels and we have seen record levels of trading in a selection of sites. Importantly, all 21 sites are making a positive contribution at the profit level since reopening, highlighting the quality of the existing estate.'

Pressures obviously loom with the end of gov. support, supply chain issues and some difficulty with labour shortages. However, the strong balance sheet suggests opportunities adding prime sites to the estate are not only possible, but a board priority.

Whichever metric you use, Comptoir is great value & the SP does not factor in growth prospects.

I suggest any prospective investor here tries one of their restaurants.

Metalhead
Agree
Also wouldn't even consider investing in the Ukraine based on the simple fact that Russia still believes it belongs to them.
Admittedly only a thin chance but complete loss a possibility if it gets really ugly, or just a substantial loss if the Russians get noisy. Not for me.

Nice to see a small move North today, first in a few months. Even nicer to see the spread much closer to being sensible.
Hopefully going to lead up to some nice results next week?

Sotolo, as previous posts, I look in every day, also over at SLP. I'm overweight in both but caught believing that as both are so undervalued that they could ride out Rh price fall without the 50% SP adjustment. I do however have plans to phase trade my way out of SLP but not here as I believe Ths fundamentals going forward are so much stronger.
Keep the faith, we'll be okay. The world needs new cars, they'll find a way of sorting the chip shortage.

I see Simon's latest thoughts have reached the IC's printed version today. Surprisingly no positive reaction. SLP truly out of flavour until PGM demand picks up.

I note from last year that the half year results, announced Oct 20, were Covid delayed. Does anyone know therefore when we can expect this years half year results? I'm assuming late Sept but happy to be corrected.
Bermondsey, thanks for your continued input, really looking forward to a trading update.

Velo
Good to see you here.
In very rough numbers investments are worth 4p per share and cash is worth a further 7p per share using RNS'd NAV from around 6 weeks ago.
This gives a share price, again roughly, of twice it's very recent NAV.
In addition, any new investments will take time to mature and appreciate so it's difficult to see much added value for the £60m cash in the near term.
Therefore I'd say that although 22p may well prove to be the floor here, any significant short term gains may well place the company in overvalued territory.
I should add that this is of course just my view and if history repeats itself I'll be proved wrong again.
I do not currently hold ANIC, but I did buy in last year, made a significant gain, got nervous over the NAV bearing no resemblance whatsoever to the share price, sold out with a very decent profit, and then watched from the sidelines as the SP then doubled again within a couple of months.
Please don't think I'm trying to deramp here, I too am looking for a (re) entry point and look in regularly. This is clearly a quality company with a huge future. I'm just waiting for profits to materialise from a certain South African PGM miner to reinvest here.
;)
Nonegs.

Still have our persistent 500,000 seller routinely offloading into any strength/good news.
Need company changing news or seller to disappear before moving up.

Velo
10 days ago you were confident we'd close July higher than we opened.
Q4 report containing higher AISC with lower production has put paid to that.
How do you now see August playing out?

Heartening insight at UK Investor Magazine's weekly podcast from mining analyst Alan Green. POW from around 13.30 minutes in. Rates POW as THE BEST VALUE investment in the junior miner space. Well worth a listen.

https://ukinvestormagazine.co.uk/barclays-us-tech-stocks-and-junior-miners-with-alan-green/?mc_cid=5b752e32cc&mc_eid=55dbd6ea97

So who is/are the seller(s)? It's been the norm over the last couple of weeks for there to be one sale of say 200/300/500k shares which follows a cumulation of many smaller buys. Clearly the only reason a lid is being kept on the SP. Who is offloading here?

Hi Bermondsey, thanks for the comments and (albeit historic) link. Good to know I'm not alone here. I agree regarding the balance sheet strength and having spent the best part of my working life in branded bars & restaurants I can reiterate that there is huge potential to roll the Comptoir Lebanais brand into every large town & City in the country, particularly those with high concentrations of nationalities that would relate to the restaurant. The brand is however colourful, affordable and very much open to all. This will be a huge winner.

Hi All,
Having recently enjoyed a meal at the Reading branch I have dipped my toe in with an iinitial share purchase here.
Obviously, like the rest of the world, focus will be on recovering from Covid, but does anyone have any ideas on plans for new restaurants moving forward.
I love a 'retail roll out' and the brand looks perfect for it.
The accounts to date are impressive and it would appear that any new restaurant would become net cash positive in a very short period of time.
Any info gratefully received.

For those not subscribed, yesterday's HSR tip update.
Power Metal Resources (LSE:POW) “is pleased to announce the execution of an agreement to acquire two exploration properties in Nevada USA” and results from further geochemical soil sampling and geological mapping on the Morula target at the South Ghanzi project in the Kalahari Copper Belt, Botswana. What’s the detail and potential import?
The Garfield project, located approximately 10km east of the town of Hawthorne in Mineral County, Nevada, and the Stonewall project, located approximately 15km south of the historic mining town of Goldfield in Nye County, Nevada, are in the prolific Walker Lane mineral belt which hosts several world class gold-silver epithermal, copper-gold porphyry, and iron-oxide-copper-gold deposits.

At Garfield initial sampling returned rock results up to 6% copper, 3.5g/t gold, and 124g/t silver, whilst a single 26m trench in 2016 returned an interval of 22m of 0.33% copper, including a 2m sub-interval grading 2.18% copper (16m-18m), and a separate 2m sub-interval grading 1.2g/t gold. The trench ended in mineralisation and remains open along strike, with no additional follow up work completed on the project. At Stonewall rock sampling by previous operators has returned anomalous gold-silver values (up to 1.17g/t gold and 161g/t silver), with there minimal shallow historic drilling.

Work programmes on these two properties are set for after near surface significant gold mineralisation is targeted at the Golconda Summit gold property. That is a fellow Nevada project the company has recently gained exposure to, with resultantly more efficient ground exploration in Nevada expected to be launched by the company “shortly”.

Of course, this is early stage stuff but the company is again not paying too much for it – £20,000, £61,875 of shares at 2.75p each, £84,375 of warrants at 3.75p each and a 2% Net Smelter Return Royalty comparing to results for its half-year ended 31st March 2021 showing cash of £2 million, “financial assets at fair value through profit or loss” of £2.2 million and total liabilities of £0.2 million and noting various projects including “the spin-out of certain projects into their own listed vehicles”.

With a market cap of £29.2 million, we noted last month the value achieved on an anticipated upcoming first listing should help to significantly underpin the valuation, whilst others should follow and there are also more planned drill campaigns in the coming months. That includes in the noted Kalahari Copper Belt, Botswana, joint venture where samples from 16km of infill soil sampling at Morula have just confirmed the conductor/anomaly identified by airborne electromagnetic geophysics and which extends along strike for at least 12km.

We continue to expect these catalysts to spark the shares from a current 2.3p to buy, £26.5 million market cap, towards a targeted approaching 4p and therefore still a buy.

JD I agree, I've been doing this for some time too, however 799boy you may well be correct. Market all over the place currently & the SP here has now gone beyond daft.

Hinkley
Not always as advertised. Check todays buys/sells, frequently as little as 1p spread. Just dummy bought & sold on ii & a fraction over 1p. Check your dealer out, you may be being shafted. Good luck.