Member Info for RB-heath

That news could be as significant as the news this morning. The seller that has surpassed the SP for so long. No longer has a notifiable interest in the stock which tells us they could be done, or very close to being done with selling the stock down. Now we should really re-rate to levels the SP should be at.

Dips from here. If any. Will be heavily bought. First we establish ourself firmly in the 1p zone and then we start taking penny increments. 3p? 4p? 10p? Current sp is 4mil and if we hit gold like I signs are suggesting we might then £40mil Mcap is easily achievable. That’s around 15p. Hold and enjoy the ride from here.

Don’t think my post went through. Said in recent results company is funded until end of year. Had over a million in cash if I remember correct. They’ll be raising much higher up once they do raise as many shares not in public hands. Perfect cocktail.

Meant to read funded not find.

Result results said fined until year end. Have a look. Over a million cash if I remember correctly.

Worth remembering Paul Johnson took stock at 1.5p in recent placing. He’s not the type to take less than a few 100% so one would think this is just the start and a re-visit to normal levels. Real rise starts from here IMO as more and more news is released.

Newsbies, seasoned pros et al. Important to understand the SP has been knocked down massively here to levels the SP should never have been, even before today’s news. This stock is very similar to a share I was in called GGP. I bought at 0.17p. It had excellent news again and again until finally it had that trigger RNS and did around 1800% quickly after. The early signs here IMO are actually better. When a stock has the potential to make huge gains you do not snatch at profit. More news is to come on many fronts across many assets. Take positions early. Sit back and enjoy the ride. GLA.

Some excellent info. Fully loaded in PML and waiting for lift off. What’s your twitter add please?

Volume finally arriving. Expecting a multi-bagger here over time.

More energy on researching companies and let's see you make buy calls at the bottom as I so often do. And buying because the SP has fallen loads does not constitute good research. Yes I saw that recent post you made. When you do start making good buy calls and the SP doesn't quite go as high as you claim I can start trolling you and blaming you for all of life's problems. Bit of role reversal.

Ive never had a post removed in my life. Wouldn't waste my time contacting admin. To busy researching companies just like your busy researching posters history. I've bagged CGNR, PXOG, WTI, ASA, GGP just in the last 6months. Up 90% currently on THR. I must be doing something right. A bag a month keeps the de-rampers at bay, or so they say.

If your referring to the time I bought the stock near the 18p lows and sold for just over 100% profit then I remember it very well. The investment case was simple then and anyone buying the lows where I said would have done very well. Unfortunately the news to follow didn't please the market enough and the SP has fallen ever since. "You mean good news and shares going up in a straight line are not guaranteed?" No Kev, they're not. But a bag often is and this had an easy 100% in it on the run up to news which I was sure to take advantage of. Your comments don't really answer my question of where all the money has gone but rest assured I had a deeper look when I found some time and I can see its gone on operating activities. CGNR needs a good cash raise again and then who knows. I may be back for another bag or two. Certainly has massive potential but you need to unlock the potential at the right time. Right now the potential remains but with little cash the SP will suffer until it can suffer no more and the bulls are ready to charge back in.

Genuine question- whats happened to the £1mil cash raised in May. Can't see on the accounts where that has been spent yet CGNR have a measly £8k left?

Thanks I was searching through annual reports. Will have a look now.

Could you please show me where you have seen this info as I cant find it. Also i'm assuming figures mentioned were under the old management. I trust the new management would lower costs etc as they have done across the board. We plan to move to Smelter on the basis of a strengthening Nickel price which we are most definitely seeing. Management would not adopt the use of the smelter if it was not cost efficient. But with or without the smelter improving the margins on our Nickel, ASA still stands to make huge profits from a 65% realised price on the Nickel+ from GOld + Diamonds. Going by 65% ( i wont bore with maths but its easy to work out) Nickel Mine at current prices would make $20.8mil so £16.5mil. Thats on the assumption AISC stay the same (they may well lower) and production per quarter increases slightly to 2100 which its expected to do. Then from GOLD we stand to make in the near future $21mil so £16.7mil. Thats on the asumption we hit our AISC target of $950 and output of 17000 with current gold price as i type been $1260 per oz. So combined we stand to make in the near future around £33mil per year profit. Going by 3x profit ratio to get mcap that means ASA should be valued around 3x current SP at £99mil. Some say x3 profit ratio is to low. Some use x7 to get to expected mcap but I like to be conservative :)

Ok. So Nickel is up another 3% or just shy of. Current price as I type is 11600. Now with smelter coming in to play here soon we should realise 85% of Nickel price from sales. Call it 80% to account for the running costs. So... 80% of 11600 is $9280. Current AISC for Nickel are $5150. So ASA makes $9280-$5150= $4130 for every ton of Nickel it sells. The most recent Quarter ASA sold 1971t but that is expected to increase given new equiptment. So say we produce 2050tons. Thats... 2050t x $4130 (profit made per ton) = $8,466,500 per quarter which is $33,866,000 per year from Nickel converted into GBP = £27.3mil NOW FOR GOLD. Targetting 17500oz of gold sales per quarter which I think the BOD is more than capable of achieving. AISC are expected to go as low as $950 per oz. If the Gold price stablises around $1350 per oz then ASA stand to make $400 per oz. So eventually we could expect profits from gold of $400 (profit per oz) x 17500oz (produced) = $7,000,000per quarter which is $28mil per year, converted into GBP = £22.6mil NOW FOR DIAMONDS- Currently making around £1.1mil per year from these. So thats £27.3mil+£22.6mil+1.1mil=£51mil. If you are really conservative and value company at x3 yearly profits then the company would need to be valued at £153mil. If you value company x 7 which then that equals £357mil mcap making ASA a 4 - 9bagger from current levels depending on which ratio you go by. And all of this could be the case in the not distant future. That's not to mention the value of the other assets we have which are described as company makers. Or the money expected back from court proceedings.

Yes, i was going by the very lowest a producing company should be valued at. There are companies valued at much greater than 3x their profits. I used to work off 7x profits to get to the value a company should be value at.

Nickel on the rise again.. I wouldn't worry about the short term price fluctuations. Lots of value in this. Currently making £22mil profit per year and has a £33mil mcap. Going by a 3x profit to get value of company which is often the case with mining producers you come to a mcap of £66mil. So on that math we should be double current price. That doesn't take into account the potential rise in profits from metal prices strengthening (which we are seeing in Nickel as we speak), the reduction in costs that we should see soon and the smelter coming in to play. Nor does it take into account the value of our other huge assets which have been described as potential company makers. I've done the research and the fundamentals here are terrific and profit margins set to improve on an already undervalued company. I put my money where my mouth was and topped up on the dip at 2p, although they would only let me buy £1.5k worth of stock, which for a company this big is insane. I also see ASA as a safe haven in a market full of uncertainty. Metals turned bullish in spite of new highs on main indices. So markets rise and metals rise. What happens when markets fall..?... Metals rise. So either way its looking good for ASA. Very happy here and building up my pot nicely.

The question at 5p however will be is it a sell or a hold for bigger gains. If Nickel/gold price strengthen only marginally+ smelter comes in to play we could be talking profits equivalent to the market cap at 5p on an annual basis. If metal prices go on a real bull run then all targets go out the window. We could be looking at a billion pound company in ASA. Daring to dream on this one but that is easily done when already in decent profit and when the company remains so clearly undervalued.

Both Gold and Nickel edging higher again. When the smelter comes in to play start of next calendar year ASA will be receiving 85% of the value of its nickel per tonne as appose to 65%. That is a big leap in profits for ASA. The figures are truly remarkable for this company hence why we are consolidating after a huge rise before the next large rise. 5p next stop on a break out IMO.