Member Info for Schoolboy

So Rockfire has £1.16m warrants outstanding at 1.0p (with a 2.0p accelerator clause); and £0.88m at 1.5p (with a 4.5p accelerator clause). That's £2.05m cash to come in, if indeed the share price keeps rising as it did today. That would be more than enough for the company's working capital requirements until mid 2021 at least. That is to say, there will be no placing for the next 18 months.

This initial result at Plateau was superb. 13 more to come in the near term, which should act as further share price catalysts, and thus unlockers of the aforementioned warrants.

Remember that Plateau is just one of many sub-tenements on the Lighthouse tenement - which is one of four major tenement's in Rockfire's portfolio. The company's land holdings are significant, and spread amongst major producing mines. There is plenty of company-making potential throughout that portfolio.

The Plateau result today was extremely encouraging - but for me, only just the start. The company has done nothing (yet) that warrants comparisons with GGP's valuation (and historic share price movements) - but the roadmap has been laid out for ROCK, and the potential share price appreciation is evident, if the company gets it right!

A £10m market capitalisation would equate to 1.81p; a £20m mkt cap, to 3.62p. I think the former will be hit in the immediate term, the latter within a few weeks.

It seems likely that Pd will hit all time highs again before the weekend.

The volume here is sensational, and highly suggestive that institutional investors have been buying more stock. When it drops, it gets bought back up very quickly. I think we'll secure 4p as a base going into the weekend - c.25% over the next 1.5 sessions, Thereafter, I think it'll bounce between4-6p until the first offer materialises. And that level? For me, 7.4p / £200m absolute minimum - although I've spoken to some who are more in the know than I am, and they believe it could be much more.

Casper, as I said below, virtually all of the trades in the past half hour have been buys. Try doing dummy trades yourself. There's a big block to clear, evidently. Once it's been eaten up, the share price should really motor upwards.

All of the 3.05 trades going through are buys - tried a dummy. Evidently a large sell has gone through - likely a warrant dump. Once cleared, this should really motor up.

Palladium is on the tear - closing in on $1,800 again. Trading volume here is absolutely sensational, with ~£3.8m today alone - those who wanted to sell their exercised warrants would have done so already.

The share price has consolidated well above 3p now. I expect a surge in volume again soon and a break of 3.20p. If that occurs, then I'd expect a break of 4p by CoB on Friday.

EUA is currently enjoying being engulfed by a perfect storm of superb fundamentals and extremely bullish sentiment. If the two banks can catalyse a bidding war (which it sounds like they are already doing), then I'd expect EUA to smash recent highs.

mizolgit, are you slightly ******ed? Are you allowed to be posting on online BBs?

There will be a big delayed buy in around 45 minutes' time (likely at 0.116 to 0.120), as the SP jumped then without any trades being printed.

max19, Miton is already fully out. There was a printed sell on the 30th that was the exact amount of Miton's remaining holding of 2.79%.

The selling pressure today is simply day traders who entered in the 0.60 area, cash out. In a couple of sessions they will have cleared and the share price will be free to move up.

Would you and your associates be keen to pursue this route?

It has been suggested to me by other holders here that at a sub £2m mkt cap, a band of private investors could quite easily buy up enough shares in the next 3 months to block the EHGOSF at the yet-to-be-convened General Meeting. In tandem, we get a private client brokerage on board, or a HNW, family office or even a small cap fund manager - and with that outfit provide ICON with £1.0m to £1.5m via a conventional equity placing. The first tranches taken from EHGOSF could be paid off, the creditors settled, and the balance be used for WC for the new business.

I don't think anyone needs telling of the effect that this would have on the share price.

The executive management team (i.e. not David Sefton!) needs to know that there ARE other options available to it, financing wise.

This is not some wishful thinking, but a very real possibility - IF shareholders take action now.

Competition now out of the way.

thisismoney.co.uk/money/cardsloans/article-7495057/Glint-app-lets-customers-pay-gold-goes-administration.html

A tier one fund name continuing to add at the lows. Very comforting.

I'd expect Equitix news shortly, now that the FEED studies have been completed. Their £33m cash injection into Uskmouth was conditional on completion of the FEED.

It also reads like Equitix are stepping in to assist with the GHR deal. That would catalyse some serious renewed interest in the stock, IMO.

The upside here is mouth-watering - although as A_clabb has stated, certainly not without risks!

I think the market has dismally failed to recognise the step change in ARB’s operations – and resultantly its forward-looking numbers – in recent weeks.

ARB commenced mining solely for its own account in April 2019.

In June, the Company generated 161 BTC. It had 2,025 machines running at beginning of June, and 2,809 by end of June. Let’s assume there was an average of 2,500 machines running throughout the month.

A further 2,500 machines have been ordered, which will be installed this month, August and September – taking the total in operation to 5,300 by 1 October.

If 2,500 machines generate 161 BTC per month, then we can assume 5,300 machines will generate around 340 BTC pm.

A further 5,000 machines have also been ordered. These will be delivered in early November – so let us assume that they’ll be installed and up and running by 1 December latest.

This will take monthly mining to around 700 BTC. [Bear in mind that the machines on order are the more efficient S17s. Monthly mining of BTC could actually be around the 800 mark come December, if we were to use the difficulty mining rates of June, but I am allowing for a slippage in mining owing to increased difficulty of mining come December.]

At $11,000, that amounts to $7.7m, or £6.2m.

2,000 machines running (in May) incurred operating cash costs of £280k pm. However, since then electricity costs (by far the largest component of cost of sales) have decreased by 39%. Accordingly, I estimate the monthly operating cash cost once all 10,300 machines have been installed to be £700k pm.

PLC cash costs annualised amount to £2.0m.

So come December this year, ARB’s monthly run rate will be pre-tax operating cash flows of £5.4m.

That equates to around £65m pa.

£65m pa – if NOTHING changes both in terms of the price of BTC and of further expansion of operations.

Capex over the past 12 months has been as much as £15m on new machines: the machines could have a useful life of as much as three years, which means sustaining capex going forward will only be in the region of £5m annualised.

In this light, ARB’s current £26m market cap seems patently absurd.

My belief is that this incredible valuation disconnect has materialised as a result of the very rapid change in circumstances for the Company, with three major bits of news coming in quick succession:

i) Aggressive expansion through acquisition of new rigs (quintupling number of rigs in operation in six months, from 1 June 2019 to 1 December 2019);

ii) Dramatic cut in CoS (39% reduction in electricity costs);

iii) Explosion in price of BTC.

It seems the market is waiting to see if BTC will hold above $10k (let alone its current level of $11k+). If it does sustain its current price range for just one more week, I’d expect a very aggressive share price rise in the near future (my own target is at least 50p before year-end – of course on the condition that BTC holds above $10k!!).

Needless to say, all jus

Incorrect.

The price of the conversion is 0.40p. Think about it - 100 million shares issued to them in return for them giving a further £400k to the company.

WDC has effectively just carried out a £400k placing at 0.40p. That is why the SP has just moved up to flat.

Oh deary, he's back (again), and to be banned (again) imminently. The man appears to have lost a fortune in Ultima Networks, despite having supported the stock for over a decade. I would surmise that such was the devastation wrecked upon his life by the delisting of UTN, that poor Fido can't help but be bitter about the success of ONZ, which has no relation to UTN but for having successfully converted UTN into a shell and injected a superior business (in the form of N4) that offers greater upside potential for shareholders.

Afternoon gfb. It seems to me that the downside at the current price seems minimal; the upside, tremendous. The banana plantation near to the Magole Farm will alone will be generating revenues of $6m this year (assuming the 150 ha have been or will be planted imminently, and harvested and sold before year end); and next year, the increase in size of the plantation to 500 ha should yield circa $20m. The combined Morogoro properties amount to a further 1,300 ha on top of the 500 ha earmarked for the banana plantation – less than 200 ha of that at the moment is being used for tomatoes / onions / chillies etc. So there’s a huge amount of revenue growth ahead in the near term. Beyond that, there is further potential land grab opportunities in the immediate surroundings – for example the nearby potential mango plantation (617 ha) referred to in 2014 was never completed on (my opinion only, having gone through the RNSs). Obtala also has 44,000 ha of land across three huge cereal farms, that is not being made use of at present (these farms would however required substantial capex to start up – bulk cereal crops would be cultivated on these properties). The AHS chain should also generate revenues of $12m in FY 2016, and let's assume $3m generated by the forestry assets (although these will likely be spun out before year end). So there should be a realistic chance of Obtala generating revenues of between $15m and $20m this year. I do get the impression that the market senses that Obtala will require a fundraise at some point this year. Perhaps that - coupled with lack of clarity on performance of individual business divisions to date - has deterred investors. However, Executive Chairman Scolaro seems loath to go down this route at all – and I am convinced he would not authorise a placing at the current suppressed valuation.

The Company has at last sorted itself out, has streamlined its operations and now is in a position to rapidly build up significant revenues. The recently uploaded video to Obtala’s website highlights the sheer size of the Tanzania farm. With the two key internationally recognised certifications in place (and thus the prospect of international sales), one would hope that 2016 is the year that management is able to report on the financial performance of the farm on a regular basis. The interest in the Lesotho cannery is no more (it would seem that there was not enough feedstock in the immediate vicinity to allowed it to run at a profit); and the three giant cereal farms (two in Tanzania; one in Mozambique) appear to have been put into care and maintenance. In my view, the African Home Stores chain might be exited in 2016 as well, given the lack of positive reporting to date on the division. All of these, in my opinion, should be taken as positive developments for Obtala – management is now able to focus on continuing to build Magole Farm organically, and to secure end buyers for all of its produce. Of course, there is also the (rather substantial!) added bonus of the spinning out of the forestry division. Hopefully there will be enough demand to achieve a vendor placing at time of the IPO; however, even if there is not then there will still be the prospect of achieving an Endulwini/BMN or Titanium/PRG-esque block placing further down the line. H1 2016 figures to be published in September this year will be the first real set of numbers for Obtala under its effectively new status of ‘operating company’, as opposed to its former tag of ‘investing company’. My belief is that they could prove a pleasant surprise for the market.

Ludicrously cheap here still. Just can't understand lack of interest! Interesting to see that there is absolutely no stock going on HL online. Can anyone else get a quote without ringing a broker directly? Definitely bodes well for a sharp rise soon. And yes SFU - seller does indeed seem to have gone at last!

Initiation Note out this morning - 24p target price, and this only assumes the near term projects. Discounting heavily, the inclusion of the longer term projects lifts fair value to 30p, and that still conservatively assumes no 'new' projects being brought on board. Perhaps the market will start to wake up to the undervaluation here, once Cantor starts pushing the note.

This young guy and his wife hold a little under 5% - or circa £1m - of Obtala shares! Interesting developments.