The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
?What’s the next cab of the GGP rank in terms of our other assets?
We’re to reliant upon Hav and NCM to drive our Share Price IMO. We need to start progressing our other assets to unlock some value from these. This will help underpin the SP and remove some of the predictability from the reporting cycles, which I’m sure the shorters love.
What’s the timescale for the by-product development programme / review on the lithium and tantalum?
From a quick review of RNS’s it looks like ATM are conducting off-site metallurgical test work and on-site bulk test work and piloting?
Adding lithium to the mix could really attract a lot of new interest
Think we just dig our heals in and say no MRE2, the no agreement on the 5% sale. If we don’t have sufficient information available it’s going to be impossible to agree a valuations. End of discussion we’ll keep hold of our 30%
Good opportunity for JMP to hoover up more cheap shares today. Will they close their short and go long on GGP?
That could actually be quite a positive from GGP perspective if they do, as we need more shares held in stickier hands. A TR1 with a decent II buy-in might actually be a decent catalyst to kick a re-rate off with. GLA
So HZM current market Cap c£220m of which £147.2 million is cash so c£73m valuation for Two Tier1 Nickel projects, one of which being construction ready with finance in place. We’re currently valued in line with exploration companies that are years away from production.
Plode…. I note your comment “ there's far better plays to call at present” yet from your history, you seem to only post on the GGP board and not one of your posts seems to be positive? If there’s far better plays, why waist your time on here?
Zoros
You’re valuation approach allows no exploration upside, you only ascribe value to the current proven resources, defined within the MRE, which we know is only a fraction of a fraction.
Growth drilling his not yet even defined the limits of Havieron and it remains open in all directions and at depth. There is clearly significant exploration upside which over time will result in the resources being upgraded.
To some extent the current valuations are a little irrelevant as the full scale of Havieron is still being defined. Growth and infill drilling will continue for some months and probably even years to come. If the drill bit continues to deliver the sorts of results we’ve seen over the last c18months then the SP will IMO be significantly higher than the current levels. GLA
The mine build tenders should have been completed in parallel to the financing and be sat ready to award upon completion of the deal.
All detailed design should have been completed.
Any long lead items could be instructed.
Any enabling works contracts could be awarded.
That’s just basic project procurement / delivery.
We could have had a raft of announcements all of which could have generated interest and supported the SP.
Another good interview from SD. Thought he played down the prospects of the 5% FMV being agreed, so suggests to me that we’re off to the independent valuer. The 5% clearly is an important component of our funding package for the development of Hav but also SD talks about debt finance. Think when the market has visibility of funding requirements and potential for cash generation from the starter mine that will allow new money to take a position IMO