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Have you seen the rest of the markets, zero liquidity
Once that RNS drops regarding the new mine being on line I've always said 16p is the first target.
But true value is 20p+
Great volume today, could see a drive back to 0.2p before you know.
Remember news could drop any day
I agree, if it wasn't for the tweets I'd be feeling differently. But seeing the equipment in all its glory. Shouldn't be too long now
Should realistically be trading over 20p
It was 20p end of 2020 and we are in a much stronger position now.
I believe this is the start of the re rate
Great to see the SP fly, but still massively undervalued and a long way to go.
They haven't even announced the new mine being on line yet.
That will stick a rocket up its butt!
Just took another £10k
Agreed, it seems very undervalued. Especially with how huge the Jamaica licence is.
I see why the SP has been hammered in recent years.
But circa 1.3p seems excellent value.
Looks like they sold some today, last holdings was just over 3% so only a small amount
Looks good value, I've taken some today
It's following a very clear trading/trend channel on the higher timeframe which started mid 2022.
Higher high and higher lows.
Isidentally it's very similar to to a trend channel formed between 2019 and 2020 just prior to when it shot upto 20.5p mid 2020
From a chart point of view 16p looks like the next major residence point, then 20p
I can see 16p on the completion of the mine
They said March so any time now
Boo, sensible post
Kipper, what are you on about?
SHG is already a producing gold mine, of course gold prices have a huge bearing on the SP. Higher gold price, more profit.
Why would the news be bad? They are ramping up production to 100'000oz per month.
The only bad news could be a delay but SHG are a world class operation.
Gold over $2000 now.
I cant believe we are sitting at this SP.
With the ramp up any day now we should be closer to 20p than 10p
With gold prices as they are, this has to rocket when they announce the ramp up in production.
If you look at the interim results on the website 24th Feb 2023 it states the following.
The MOU is the bigger picture here, I think it's going to be massive for the company.
SP on first sales will show great confidence, 10p seems reasonable.
The MOU agreement could send a rocket up the SP depending how good it is.
Remember this is a resource which will last for decades. Very easy scale up with new wash plants only costing $2mil.
In a couple of years time 30p is very realistic
Given the MOU’s broader focus than just coking coal offtake and subsequent potential to unlock significant
value, the Company has not elected to enter into any additional offtake arrangements at this time, despite clear demand
and interest from several groups keen to acquire Lubu washed coking coal.
You must admit that it must be close now though.
I understand for long term holders it must be frustrating. But for new investors like myself now is a very good time to buy
Indeed, I hope they do some community stuff also like I've seen with miners like GCAT
Its nice to hear that the family's support the mine as they see it as an opportunity for jobs etc