Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
So whats the realistic price we can go in next 3 months? 0.65p is the lowest forecast, highest is £1.20. I am seeing poeple saying 40p is possible without buyout, but with buyout can we get to £1?
We have been going down from 28p to 21p in the past few weeks, could we go back to 16p? Or can we go back to 28p?
What catalysts are coming? Will next earnings boost us? We missed Revenue In the earnings in April by 2.1% but beat eps (earnings per share).
What update are we all expecting tomorrow?
What is your share price prediction for next few weeks?
I think we can hit over £1 with good news and with what CEO says.
If neutral news share price will be around the same price 60p-70p, further bad news could go back to 50ps but with all contract wins etc, cant see it going that low now.
We went from 40ps to 80ps because of the contracts, so more contract wins or CEO states positive news, we could hit above £1 by that logic.
CEO Stated 3rd April:
As shareholders will know, we have wanted to drill Velociraptor for some time now and so we are very excited to have agreed a firm schedule with the drilling contractor. The necessary preparatory work is already underway and all equipment for the well is in country ensuring we are ready to spud in June.
We continue to push the Mongolian Government for the certification of Block XX Exploitation Area as Special Purpose Land and are pleased that the Ministry of Mining and Heavy Industry is proposing the certification on the grounds of this being a project of national importance.
So the following we know has occurred or happening this month of April:
1) Equipment is already in the country and CEO said
ready to start drilling with Velociraptor in June.
2) CEO stated they continue to push Mongolian government for certification of block XX as special purpose land. Which means the LP everyone on here is being positive and negative about, when its coming or if its coming. Clearly its in the process no one knows when but should be before the drill in June thats 1 month away now.
3) The ministry of mining and heavy industry is also proposing the certification on grounds of national importance. So there is others who are pushing for this LP.
Buy or Sell up to you, any new investor looking into this stock, clearly reading all this shows its a favourable stock with massive upside. Unless the drill fails or LP does not come, Share price will fall common sense.
I hope that happens for both our sakes penstock :).
This is my least invested, want to add more but not got any money, too locked up in other shares with larger shares.
I am looking at decent profit from here to pay for my own gas bills and hopefully the dividend that was promised and stated from bens creek last 2 months.
Although still 50/50 with this stock which is new and uncertain news/communication or lack of it. I understand they cant constantly put news or rns out or need to state anything to us. I do not care about positive or negative news, i just want them to state they will start dividend soon or the HMW is on site/operational. Need something substantial, so when i have more free cash i can add another 1k at least.
This has be the best range to buy this stock. lowest its been since covid and one or 2 other times in 30 years. The stock could go lower ye, but highly unlikely!
They even started to give dividend again which they give every year but stopped due to covid-19.
Regarding Debt etc which they always have, has no impact on Share price as they hit £2-£6 over the past 10-15 years. Also they wouldn't give dividend if they are in serious debt. Maybe they could sell part of the business but they even said they are in a good place and don't need too!
My opinion is £1.15- £1.20 is the lowest this stock will ever be in the next 10 years, unless something bad happens. But we received nothing but great news regarding more customers, technology improvements and revenue.
Thank you for replies Evraz and all the research you give to this board for new investors. Also to all the others who give good research and news.
I see some people constantly post negative comments like rampers etc on this board.
Look at the 5 year history as an example , regardless of placements and other things. Stock has been going up and down from 0.015- 60p range.
2018- Stock was 60p-40p
2019- Went down to 19p and then rose to 40p again in half a year.
2020- Stock went down from 40p to where it is now due to placements and covid like many companies.
Now with diamond payment, copper news, future productions and mines happening. Why can we not within 6-12 months get back to 60p again? This was a reality 5 years ago. The fundamentals are much better now and the revenue will be as well if everything goes well in stages. I don't understand these poeple on this board being negative or saying ramping, makes no sense.
Thank you for the quick and simple but detailed outlines Evraz and Occams. Just on those SP where are you getting those future prices from? Can you provide a source of some kind or general rule behind these prices for each stage. For example why 2p when diamond picked, why not 5p?
6p production starts, but could this be 3p or 20p instead? History shows the share price goes up and down a lot the past 17 years depending on projects, revenue, debt and other things of course. Although the last 5 years the stock has been around 0.016- 0.60p range.
I will happily take 2p max, although i am long term. Have 2.5k at 0.51 invested so far planning to do another 2.5k. Too many stocks especially mining stocks going up due to lithium and gold, making sure i got a diverse portfolio.
Are we going 1p-2p or over 10p based on past share price over the years. We was down all this time due to this project starting in 2019.
With the diamond and other news, what is realistic price next few weeks or months? Are we waiting for the mines, partnerships or diamond payment?
We know covid-19 affected the business etc,
Solid business, steady history and decent dividends yearly.
I am sure this will hit £2 -£6 in 2 years. Just look at share price history, this is the lowest it gets around £1.15-1.20 range in the past 14 years! One time went to 92p in 2009. I believe its a very safe stock to invest in and brilliant opportunity if you put in 5k or more, i only invested a couple thousand so far.
1996 share price was £1, then for 4 years rose steadily to £6. Then next 7 years went up and down from £6-£1.70s. From £1.70s, the share price steadily went up to new highs of nearly £7 in 2007. The stock then dropped to its highest low of 92p in 2009, then for 10 straight years rose steadily upwards to £4.50 in 2019. (Wish i brought at 2009 time or a bitcoin). Then covid-19 happened, and we have since 2019-2023 been around £1-£2 range.
So why can we not go to £3-£6 range again?
Regardless of economic climate, markets and the advancements of technologies, still safe seems to be very good long term just on history, business fundamentals and common sense.
I hold a small position 40k, I am holding till we get this velicop and Lp like everyone here. But looking at some posts poeple saying 15p, 25p, 30p and someone even said 60p. Apart from past history where this stock went above £1 in 2011, where are these numbers coming from? Lp- 20p Velicop -35p. Like to see some valuations or something credible, just seeing random specific numbers being stated.
Agreed, i think at this 17p price its a great buy or starting point still cautious, especially with them still paying debt off. My only worry is if this drops to 10p or 5p then rises, so will hold off buying anymore until end of the month will be watching and hoping it rises slowly. Then before end of the year we get dividends, i feel for the long time investors that brought way higher in the 30s, 50s and 80s.
Just found this stock and got 1k starting thinking to add another 1k-2k but not sure, I am very cautious of new stocks within last 2 years that come on the market because they all go bankrupt, even when the CEO says positive things in videos or articles. Even the last few posts here seem to be wishful or negative now.
Doing some basic research and seeing this article posted in march 2023 regarding us investors getting dividends but no timescale:
https://www.proactiveinvestors.co.uk/companies/news/1007940/bens-creek-converts-mbu-loan-into-shares-1007940.html.
Reading other articles on full production posted 3 weeks ago.
All the calculations/estimates lots of different people posted here regarding Sp or dividend.
If everything goes well in April, by Christmas we should get 10p dividends at least and should be around £1? We ran from 10p to £1 and now back to 17p within a year.
The best dividend and best price range we could hope for is £1 and 10p-12p? From what i see from the calculations people have made.
Otherwise its going to end up as another bankrupt stock or a stock thats always going up and down between 10p-£1, which would be a shame. This stock seems to have all the potential but its always companies who mess things up weather its pumping the stock, making bad decisions or in this stocks case lots of delays and not much communication seems to be the issue.
You cannot go wrong at these prices, If its in the 60ps, 70ps or 80ps just buy and average down. With the hitachi energy partner contract and further possible contracts this will by common sense go above £1 at least short term. We have been going up and down with no contracts and no news between 48p- £1.60 last 6 months. I could have brought at 48p regret not doing so, as i would be holding still now for the future and maybe even dividends.
This is a long term stock for many or once it reaches £1-£3 most will sell. The rest will keep the stock for many years as long it stays £1-£15, for the good dividend this stock used to give. Thats right, £15 thats how high this stock went in the past.
Keep buying at these prices or lower, will pay off in the end. This stock is a winner.
I don't understand the negativity, unless your a ex shareholder who lost everything or a person who invested thousands or more I understand.
However for a lot of us who just do some basic research and we just want to invest a little whats the issue?
What is the share price going to do? Lowest it went was 0.0007, it found its support level now its around 0.0010. That was a 50% increase in a few days. Putting £200 or £500 is a no brainer. Yes its been diluted, yes theres few other issues but revenue is forecasted to grow nearly 70%.
Explain to me, as all the negative people here are bearish. Is this stock going to 0.0001? Going bankrupt? I say 90% says no. Anything can happen its the stock market.
In my opinion if you have £1000 or less just buy as much as you can and wait a year or 2, unless its going bankrupt or staying under 0.0010. This stock has to rise and get back to its 10p-20p range common sense.
To all new investors in this stock just like me, I would buy and hold.
I am just going to state some facts below with a overall opinion of SP. You cant dispute these facts anyone who does probably is angry they lost so much when covid-19 hit and they lost 99% of their money.
We are coming out of chapter 11 in March 2023, what is the share price going to do? Are they going to dilute to 1p and stay there forever?
With all the money and re-structure they are doing, are you not using common sense and realising this can hit 20p-50p at least?
Do your own DD , this is not financial advice! But I suggest you buy now, biggest opportunity to make money from all these beat down post covid aim stocks!
Cineworld facts:
1) Total of $3.5 Billion Made With These Films Alone at the Box Office.
2) Movie earnings:
Black Adam - $350 Million.
Black Panther 2 - $850 Million.
Avatar 2 - $2.2 Billion.
M3gan - $100 Million.
3) More Blockbuster Films Coming Out in February.
4) March is the Month When Cineworld Exits Chapter 11 and Releases Yearly Earnings.
Opinion: 20p- 40p Share Price Very Likely.
Cineworld Share price could double or triple in march from 3p. The share price could go to 10p-40p after financials are revealed on the 16th march 2023 if they turn a profit which is possible.
The Government bar date 6 march 2023 is also a key date as Cineworld is at 40% re-structuring at the moment and will be at 100% by end of feb 2023.
Key Fact: A Total of $3.5 Billion Since October 2022 Has Now Been Made on Black Adam, Black Panther 2, Avatar 2 and M3gan Alone.
Taking all this into consideration there is no Impact of Share Trading on the London Stock Exchange.
Lastly Chapter 11 Only Affects it US, UK and Jersey Parts of the Business Nothing Else.
Its a buy, buy as much as possible I believe!