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Actually I agree - it looks like it will need a lot of investment to get anything out of the ground and is currently awaiting licence approvals. Those are possibly the first items to excite this board if/when they land. The current valuation at around £40m (3.25p x 1.2 billion shares) for some 'exciting prospects' is possibly a fair initial top but not worth chasing much higher. It is currently a very junior miner with a piece of green kit to offer that probably doesn't as yet have sufficient feedstock to make viable for a while.
As it only realised £1.4m in its flotation that will be cash burnt sooner or later on (director) salaries - not enough to build plant, so I expect they'll be back to shareholders for more. The purpose of the exercise has possibly been just to get this taken notice of. So one worth watching because of the tech. But many of today's new techs have their initial excitement weeks in the market because of their possibilities but investors do get impatient and the stocks languish. That may be a better time to consider getting in - and after some newsflow direction and expectation from the management, provided it is not expensive to shareholders.
My comments only after a modest scan of the prospectus, and heeding the risks. Didn't buy yesterday.
It is unsurprising to see continued BS on here because that influences punters and that's what makes a market: equally happy sellers as well as buyers. Without sellers the optimists couldn't get in.
Without buyers the pessemists have to hold until whatever significant-event end, bitter or sweet. Many non-holders and holders here (presumably) act like wannabe-influencing ripost-needy time-filling commentators.
What ultimately matters is real-world cash inflow into the company and BS here can't alter that either way.
There isn't, on inspection of the current words, a mountain of money heading this way, for definite, and then maybe if there is, not for perhaps 5 years while work may continue. But human beings are full of hope and that of a glittering prize is all that motivates all of us.
The VAL company people are excited because 'the deal' vindicates and fits perfectly the board's strategy, and there are obviously some signs of a hopeful start along this route (from all that we have heard and read), but the rewards fantasized about here may be slow to materialise.
You could walk away from this bulletin board for a year and come back wealthier or bust, but will have probably saved an inordinate amount of time and worry for yourself. I can't believe the investment of time here of some.
I looked in in June 2020 after years away, made a personally-embarrassing stonking pile on the irrational share jump in September 2020 and now await Christmas, seemingly the next-time milestone of worth to take note of.
I could say see you later but the naysayers and whoopers here may comment - as nobody (not even me, finally) wishes things to be left unsaid, at the risk of churning, churning, churning the same old.
Meanwhile - lots of time to BS-fill until the next milestone, so please crack on.
But the best comments here are only those which explain or summarise any RNS in an unbiased way, usually shortly after they have landed. The rest......?
Subsequent comments can guide and misguide and whilst opinions move share prices, undoubtedly, cash flow into the company's bank account, whenever, if ever, will speak legions and say most of what is necessary.
The sea of sells here from yesterday when the spread quoted was 140-138 could well have all been buys. I can identify 3 'sells' in there at 138p and 138.45 which were defo my family buys. Bizarre MM behaviour?
There's also a .02p dip and rise on rounded p on the spread (eg 140.02p/138p then 140p/137.98p) that I see happen several times during the day. Any idea anyone what that's about?
I've picked up ~20k of these myself in the last couple of trading days. These were highlighted in a tipsheet a few weeks ago back in November whereupon Mitchells and Butlers' share price was set alight at the same time
(MAB jumping to 200p up to the 250p range & since gone to 350p but in an RNS some expectation of a rights issue there - so perhaps caught up there on a dodgy 'ledge'). CPC however, appears to have no such 'Damaclese Sword' and is poised for a rebound when we can all get back to the pub. This overlooked little gem is now coming up in the wake of the massive rise in Mitchells and Butlers, with this (CPC) tipped to have the higher % rise to 'back to normal' days with another perhaps 70p to go on this share. (Bizarrely, MAB seems almost within 12% of its pre-covid 400p value already at 350p). I can't say that I have recently visited one of the CPC pubs but now I'm an investor, Cambridge and Oxford visits for other reasons will in due course have the added motive for curiosity in tasting their fare and hospitality. DYOR on my observed figures above.
Great news but just a word of political warning in case you all sell the farm to buy in:
https://www.investors.com/politics/editorials/mexico-election-socialism/
..fall has been a huge disappointment. I'm in for the divi like you good folk, but currently at a large loss on capital. Waiting for the first payment. With regard to Tory onshore windfarm policy change, IMH if the Ruskies give one squeeze on the gas pipe, there will be pressure for the policy change to be reviewed in order to facilitate a boost in security of energy supply. A significant winter power outage would do the same thing. It would be interesting to know what the other UK parties' policies are on wind farms. I don't thinks the Americans are flogging us LPG big time yet as a substitute - and they have their own security to think of. GLA
is on July 7th. Jan 7th was 2.52p; Ag at around $27 Apr 7th was +34% at 3.37p Ag then at around $37 Due to the relatively fixed cost base of mining operations ($/oz of metal) we should get the benefit of improving operational gearing as silver heads north - so the NAV rise by July could be quite good IMHO. GLA all.
after attending the Master Investor show in London on Sat 16th April, where Tom was compère for the day. He seems to have such a chilled way of handling everything you can't help thinking that he is almost taking the p*** out of the market by seeming to make money from shares so easily. Just an impression on the guy's abilities and way of doing things - but actually I also rather like silver's prospects and this vehicle is focused on it without leverage and into TSX and ASX-quoted companies and even potentially unquoted - so the exposure should be able to be where the action is. So I say GLA who buy and hold for the ride.
Is it not the case that before the rights issue was announced, the value of 5 shares was 5 x 620p = 3100. Now there will be 2 extra bought for 335p for every 5 in existence so add 670 making 3770. Then for the 7 new shares in place of the 5 the value per share would be 3770/7 = 539p. So they are currently at a premium.