The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Last year SDX sold a third of its interest in South Disouq for $5.5m so if the same valuation is used then the company will get $11million plus whatever West Gharib is valued at. Last year netback from West Gharib was $7.6million and $3.5million was spent on drilling wells there so you would have thought at least another $5million of proceeds from that disposal. The disposal should therefore be worth around double the current market cap
Good result. This is the second takeover of an Aim listed cyber security microcap. ECSC was first, now OSI. FCS looks like the next candidate as it has a very low share price/market cap and has a very good penetration testing division that makes it an attractive target
We're still in August so I don't know why some people were expecting a Kouroussa commercial/steady-state production RNS yet as that's not what the company has guided. I thought September at the earliest and that should be a better time for positive news as market participants will have returned from the summer holiday lull
The interview with Leon was released this morning. Luansobe discussed from 31 minutes 30 seconds
https://audioboom.com/posts/8354985-midweek-takeaway-with-leon-coetzer-ceo-of-jubilee-metals-aim-jlp-jlp
Leon confirmed in the interview that 'Luansobe would be a perfect client' for Jubilee. Jubilee has tested a bulk sample of the ore at Luansobe and has confirmed it can process the ore very efficiently. It's fantastic to get that confirmed 👍
We suspected that was the plan all along 😉
Jubilee is the perfect partner as Colin set the company up and has a very close relationship with Leon. Jubilee has the technology to process the ore efficiently. Colin left Jubilee to concentrate on getting Luansobe into production
Good to see ALR is looking to upgrade the ore and export a lithium concentrate. The potential rewards are far higher.
It sounds like there has been lots of activity whilst people were moaning about lack of news
How can the answer to my question be inside information?
I just asked in general terms what is the approximate minimum cost of a plant that would be required in order to become an APP and what is the minimum grade of the concentrate that's produced? That's nothing specific about RRR.
It's worth doing some research on Orecorp's project for which a takeover has just been announced with value of $130million. It looks a lot like Dugbe with a large but relatively low grade open pit in Africa and is also at BFS stage.
I'm surprised we're getting the opportunity to buy shares at the current level.
Yanfolila has performed really well now for nearly a year. Kouroussa is all going according to plan and will reach commercial production very soon. The gold price is at a good level for producers and the company has 50% of a very large project which is at BFS level. Has anyone on here sold recently as I'm scratching my head as to why anyone would?
I'm happy to hold HUM as a long-term investment as I think there's a great chance of seeing a multibagger from here
Https://www.mining.com/silvercorp-to-acquire-orecorp/
This takeover deal has just been announced and values a project at around $125million that looks similar to Dugbe. Don't think there's any value for Dugbe in HUM's market cap
Https://www.mining.com/silvercorp-to-acquire-orecorp/
This takeover deal has just been announced and values a project at around $125million that looks similar to Dugbe. Don't think there's any value for Dugbe in HUM's market cap
Directors kept saying they were only going to do project level funding deals so as not to dilute shareholders. The fact they tried to do a big discounted placing and when that failed had to resort to a death spiral facility is a huge disappointment for shareholders.
The directors have lost a lot of credibility with the latest funding deal with Lanstead.
Investors hate these type of deals which rely on the funder regularly selling shares into the market to fund the monthly payments. It puts people off buying as they know it almost always leads to a weakening of the share price.