Member Info for oilmanmike

last trade 2.04p
cheap stock gone??

freeshare I presume you asked at the recent AGM.
Can I ask who you asked?
TIA

NT to often is an indication of a short term move.
NT to buy is often the prelude to a tick up.

topped up again this am below 2p.
This has winner written all over it!

because they are a private company and do not have access to capital/debt markets.
$35m was too much for them so they JV'd with KAT.
Blyvoor are interested mostly in the underground mine which will require the capital
from the sale of the tailings project.
all IMO
whatever way you slice it this is extremely undervalued and with Paul Johnson involved......
look at what happened to ROCK when the news dropped.

don't be fooled anything above 2.06p is a buy here.
A major point people have missed here is that at
the latest run through rate of 1,000,000 tonnes per annum
producing 70,000oz a year (cf 500,000 and 35,000oz) leads
to a halving of the mine life.
$35m (a years production at $1000 per oz profit) , discounted at 5%
is worth $16.2m in 15 years compared with only $7.5m over 30 years.

The current NPV5% has been calculated over 30 years and should they
decide to go for a higher capacity plant (probably GB input) the over a
15 year project life the NAV will be a lot lot higher. Something like double
so around $250m. Post exact figures for 15 year life at POG $1500 and $1800
later when I get a moment.
I more than doubled my position here this am. Was able to buy at 2.06p with
ease. Nobody has cottoned on to this yet. No wonder they have 14 interested
parties!!!

This shouldn't be were it is. Fresh money has no axe to grind with LC if is purely on the project merits that this is way below where it should be. besides I believe a top rate mine manager has been appointed.

I would have thought that after the length of time they have been after this block it's more a case
of not wishing to draw unwanted attention. No need to advertise to the opponents in Ghana that
the block size could well be larger than than originally anticipated.

just doubled my position here.
50% of $1Bn revenues over project life.
correct price here is north of 6p IMO

https://miningmaven.com/blog/1052-record-gold-prices-beckon-huge-profits-for-katoro-at-blyvoor-kat

looking good here. Easy 6p a share once word gets around!!

Just got in today after reading the Mining Maven report which someone posted on twitter. This looks like a forgotten gem to me.

hey Tiburn after your excellent earlier summary that made me laugh.
You have missed the point that a right to vote, left unexercised, is not
a vote. Only those where the right is exercised are votes.
Yes I know wood for trees etc.

didn't take long for word to get out. Alcohol at home isn't quite the same.
Sure does the trick at loosening the tongue when face to face even at Social
distance. LoL but probably not too far from the truth!

zaco if you sold over a month ago why are you here posting all the time? except, that is when, this is going up. 50% of income = 50% of dividend = 20% yield = 100% capital gain.
If you cannot understand this basic concept then stick to a Post Office Savings account.

thought you had sold and moved on.
Why linger?

Hi Guys,
Taken a position here on the basis that as we move out of the CV19 a lot of poorer countries will need to get their economies going again. Mineral rich/cash poor nations are likely to open up to investors at a much faster pace post CV pandemic.
From what I can see this is about to happen in Ghana plus which news on the ground
is encouraging

Expect something along the lines of :

20% write down in portfolio value from £1300m to £1040m
Net debt stable at £500m
A 32% drop in NAV from 261p to 176p.
CV outlook improving as shops and eventually pubs reopen.

Don't forget this has already fallen from over 200p at the end
of last year, when it traded at a 30% discount to NAV.

Apply that same 30% discount to the 176p results in a target
price for NRR of 123p. I suspect most of this will be achieved
over the coming month in the build up a full reopening.

GL to all shareholders.

JP Morgan 6.2%
Nice!

well played goldy
still plenty of legs
on this!!

was thinking of that kind of level here by Wed!
Resistance being tested with the next leg to
82p. If broken then target becomes 97p with
the next leg up to 125p.
Then I am out with a 61.4p ave.
well thats the plan