focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
This looks significantly undervalued considering: Production from Kalsaka/Sega expected to increase to 60,000 to 70,000 ounces in 2014 with costs expected to be reduced to around $700 per oz Cash & equivalents increased to $20 million at 2013 year end. Announcement of a 6 million ounce Mineral Resource at Yaoure. Broker ratings ranging from 25p to 40p Innovative financing arrangements signed with Samsung and more recently with RDV: "Under the Agreement, Amara acquired US$10 million cash, Amlib's drilling assets and three exploration licences in Liberia. The aggregate value of the transaction is US$11.0 million. The cash will be used in the ongoing progression of Baomahun and the exploration of Yaoure, solidifying Amara's financial foundation. Prior to the transaction, Amara had a producing gold mine, a feasibility stage project and an advanced exploration project. The Amlib assets provide the final part of the development pipeline: early-stage exploration. Since Amara has a strong presence in neighbouring Sierra Leone, the Company's advancement into Liberia can be done in a cost effective manner using existing management and procurement structures, with management's focus remaining on moving Baomahun and Yaoure along the development curve.”
Time to get back in before this news sinks in. Looking for a move up to MA200 @ 19p.
Looking good again this morning. As I said before its time to catch up with some of its peers....
Up 10% - better than most other goldies. Remember how quick it doubled from these oversold levels in the summer....
And AMA will be well positioned to take advantage of any upturn in the gold price: costs in 2014 reducing towards $700/oz increased production at Kalsaka/Sega addition of Amlib exploration assets in Liberia
Gold up to 1240. Looks like interesting times ahead. http://www.mineweb.com/mineweb/content/en/mineweb-gold-analysis?oid=219516&sn=Detail http://www.mineweb.com/mineweb/content/en/mineweb-gold-analysis?oid=220618&sn=Detail&utm_source=twitterfeed&utm_medium=twitter http://blog.milesfranklin.com/something-must-happen
Gold's Fundamentals for 2014 page 59 Spread Betting Magazine Dec Edition http://bit.ly/SgJDMU
Time to play catch up with AVM?
This is again looking significantly undervalued considering: Production from Kalsaka/Sega expected to increase to 60,000 to 70,000 ounces in 2014 Costs expected to be reduced to around $700 per oz Cash & equivalents increased to $28 million Broker ratings ranging from 25p to 63p Innovative financing arrangements signed with Samsung and now with RDV: “Amlib is a privately held gold exploration company with RDV Corporation ("RDV") as its majority shareholder. RDV is a multi-generational family wealth management business, which has a stated investment approach of being a long-term supportive shareholder that aligns itself with groups that offer industry-leading knowledge and capabilities in various sectors and markets. Under the Agreement, Amara acquired US$10 million cash, Amlib's drilling assets and three exploration licences in Liberia. The aggregate value of the transaction is US$11.0 million. The cash will be used in the ongoing progression of Baomahun and the exploration of Yaoure, solidifying Amara's financial foundation. The drilling company, Amlib Drilling Services Liberia (a wholly-owned subsidiary of AUMJ Limited), will significantly reduce the Company's direct drilling expenditure at Yaoure. Prior to the transaction, Amara had a producing gold mine, a feasibility stage project and an advanced exploration project. The Amlib assets provide the final part of the development pipeline: early-stage exploration. Since Amara has a strong presence in neighbouring Sierra Leone, the Company's advancement into Liberia can be done in a cost effective manner using existing management and procurement structures, with management's focus remaining on moving Baomahun and Yaoure along the development curve.” http://hsprod.investis.com/ir/clf/ir.jsp?page=news-item&item=1644860805218304 http://www.investegate.co.uk/amara-mining-plc--ama-/rns/q3-2013-update/201311200700054567T/
It takes courage but now is the time to buy gold stocks - Adrian Day Specifically, Day suggested that both junior and senior gold mining stocks are now “stunning buys” in comparison to the current price of gold. He believes that a “once in a decade opportunity” currently exists to buy both physical gold and gold stocks. ...“very steady decline in the number of [gold] ounces discovered,” adding that major gold companies in particular are not making discoveries.... http://www.mineweb.com/mineweb/content/en/mineweb-gold-analysis?oid=219516&sn=Detail
Good operational overview although a bit out of date: http://www.amaramining.com/DocumentDownload.axd?documentresourceid=272 If they can manage to reduce costs as mentioned the broker targets look quite achievable.
13% up!
So Investors Chronicle had this as a buy when it was trading at 27p last May. There were also various broker targets last year of 50p to 60p. The main reason for the drop since then according to TRAP's CEO was selling by funds for unconnected reasons. If the overhang this created has nearly been cleared, and this coincides with positive news from the current drills I suspect we could be in for a sharp increase towards current broker targets of 25p to 40p. eg Simon Carkwell's recent comments: I have received the following notes on Trap Oil (TRAP), another North Sea operation: "First Energy, Calgary-based specialist oil stock followers, have core NAV of 13p for Trap (Athena and cash), a risked or discounted NAV of 83p and and unrisked valuation of 313p. This excludes Furse and Romeo and the Shale Oil project. First Energy's price target is 26p but this is only based on Athena, cash and the risked value of the three firm drills for this year - Scotney, Magnolia and Trent East. This suggests a valuation of the order for Trap of 40p right now." Certainly, sub 20p, Trap looks absurdly cheap
Undervalued Tanzanian coal play with 109m tonne JORC resource trading at a significant discount to its peers. Kibo also has an extensive portfolio of licences covering gold, nickel and uranium. Funding shouldn't be an issue following a recent placing and joint venture signed with a major Brazilian group. The share price looks to have bottomed recently and with volume rising over the last few days a correction towards more realistic levels appears likely. http://www.hbmarkets.com/img/pdfs/research/kibomining110113.pdf
Undervalued Tanzanian coal play with 109m tonne JORC resource trading at a significant discount to its peers. Kibo also has an extensive portfolio of licences covering gold, nickel and uranium. Funding shouldn't be an issue following a recent placing and joint venture signed with a major Brazilian group. The share price looks to have bottomed recently and with volume rising over the last few days a correction towards more realistic levels appears likely. http://www.hbmarkets.com/img/pdfs/research/kibomining110113.pdf