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Base Resources up around 100% today. The transaction announced today shows there's string demand for mineral sands projects. I'm confident we'll see a strong re-rate in KZG
It's a very important point that WSG will receive payments directly from the airlines or IATA in USD
The company has had many years of experience running the airport security in Sierra Leone which will be invaluable for making a success of the DRC contract
Very good update. One way or another the mining volumes will ramp up in the coming weeks to commercial production.
The grades of ore processed are now very high which combined with record high gold prices will see the company back on track. Also good to hear the other mine is performing well
As per the interview it's very important the company conserves cash now and reduces the running costs to a bare minimum. It's an investing company so it can be run on a shoestring.
If the investment rationale proves correct then there's a big opportunity from the current levels.
The liberation labs investment could be worth considerable more than the current market cap on its own
I think the slide is because people can see the cash won't last very long, as the company will want to participate in the funding rounds of companies it is invested in and avoid its stakes being diluted, and is worried about another fundraise. That's why I have been concerned about the large amounts paid to Shellbay. I think the rewards to Mellon and the other directors and employees should have been structured differently in order to preserve cash.
I think a lot of people are put off investing due to the consultancy agreement with Shellbay which results in a large regular cash outflow and dilution. The directors were clever enough to base the performance fees on Net Asset Value rather than the share price. I think this agreement needs to be amended to preserve cash and then new investors might be attracted to invest in the company
The lower the share price the more shares the Aussies get.
They will very likely sell them as quickly as they can. They only paid £28k so it's a good profit for them, especially when the licence is most likely worthless and at best just like buying a lottery ticket
The illiquidity will work in our favour if we see a decent bit of buying pressure.
I think KZG has the potential to do 100%+ in a day if we get some positive news
I wouldn't get too excited as the 79th Group doesn't look like the sort of outfit that will have the ability to pay much for the projects
There's certainly lots of newsflow expected that has the potential to drive a big recovery in the share price from a very oversold level
I think we could be in for a decent recovery in the share price as other companies are starting to move higher from oversold levels. It would be a good time for SML to release some positive news, especially on Leigh Creek given the big rise in the copper price
RNS not showing here but Connie bought more shares in the open market
https://www.londonstockexchange.com/news-article/MYX/director-dealing/16410832
The directors seem very confident!!!
Not surprising is it given the CEO's track record. I was surprised people trusted him enough to invest in the company
Should get production news any day now as we know the FlowSort system was delivered to site recently.
It looks like a very impressive piece of kit!
LND did the strategic review at the wrong time when the gold price was depressed.
There will be much more interest now with gold breaking out to new all-time highs and producers will have lots more free cash on their balance sheets to purchase new projects