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Absolutely ludicrous. I would guess that people are scared about cash reserves. Worst case scenario, RAME can just dispose of an undeveloped asset (such as occurred with Punta Chome) for cash. There is so much going on here, with so many potential revenue streams. The renewables sector in Chile is booming and the law is highly favourable to companies operating in the space. The share price has been dragged down owing to a legacy shareholder selling out and to frustrations over the incompletion of the Raki project. These were both through no fault of the Company. Once cash flows begin from the various completed IPP projects, I anticipate a major re-rate in the share price over the coming year. Bear in mind also that revenues from Engineering Services are (according to management) also increasing substantially this year (bolstered by Beco).
This looks an absolute steal at these levels. Broker target prices are ridiculous in comparison to this current share price, even when factoring in for a falling oil price and equity dilution since. November should see final approval granted for Commencement of Large Mining Operations. The exit is surely within 12 months now – a buyout by a major or mid tier player. If it materializes, it would surely be in the multiples of pennies. Numis – tp of 8p (unrisked at 14p) (operational costs $40/bbl) http://www.tomcoenergy.uk.com/get-file/files/media-and-analyst-reports/1365586574.pdf http://www.tomcoenergy.uk.com/get-file/files/media-and-analyst-reports/1365586998.pdf Fox Davies – tp of 6p (unrisked of 11p) http://www.tomcoenergy.uk.com/get-file/files/media-and-analyst-reports/FDC%20report%2017-Jun-13.pdf Both have calculated cash flow breakeven costs of approximately $55/bbl all in. So it’s a reasonably cheap play, all things considered. Its capex requirements per barrel amounts to only $4-5. Total, the French O&G supermajor, has invested $320m for a 50% stake in Redleaf, the proprietor of the technology that Tomco is leasing. If the commercial test run that is being carried out proves successful (and it has of course in smaller scale trials, and Total obviously believes it will in this final commercial test run) – then eyes will quickly turn to TOM and its absurd market valuation. The Company just needs to get its story out there again! I have recently built a stake for the first time here. Any other views would be welcome!
Thomson Reuters also quotes a new shareholder on the register - Barclays Bank (Suisse) S.A. holding 10m shares (which would amount to £1.8m of the recent placing). Presumably that position will be disclosed in the near future. I expect more frequent newsflow until year end in terms of corporate deals, quarrying production ramp up, completion of processing plant and commencement of processing, JV agreements and offtake agreements. IF sales outlets can be identified and secured this has truly excellent potential over the long term. A big IF though.
From the website it looks as though Altium, Majedie, Amati and Standard Life all upped their stakes in the recent placing. That is a great show of confidence. I imagine one or more new institutions will be announced in the coming weeks too. Provided the Omega deal goes ahead and rights are granted over the second Malesheva site, the company will have interests in TEN sites - double the number at IPO less than two years ago. Foxcould rapidly transform into a major business, IF sales start gaining traction. I am holding for the long term.
Added 50,000 jet before close of trading on Thursday at 16p. I was pleasantly surprised to get such a low price, considering that the placing was at 18p. Hopefully we will find out next week that the institutions stood their corners in the fundraising round. The announcement of another one coming on board would also be a good boost. The prospects of this company over the longer term are exceptional, I feel. I expect new flow to pick up in H2, with more substantial orders coming in and perhaps openings of additional quarries. At this share price level, FOX could be a serious divi yielder in the years to come.
Good news for PIRI with that director appointment. Redmond and Armstrong have restructured numerous companies as a team (primarily through RTOs) before stepping down from the respective boards: IGas Weatherly Artilium Optimisa Bella Media Although Remond has often mentioned his interest in pursuing a pre-IPO incubation strategy, he has also hinted at the continued possibility of a straight out RTO for PIRI. With Armstrong on board, I think that the latter is much more likely now. There is the added protection that any fundraising could only be accomplished at present at a minimum of a 42.9% premium to the current ask price (0.07p).
Seemingly a huge squeeze in the share price going on at the moment... Allenby has put an initial fair value target of 50p. http://allenbycapital.com/research/dqentertainment.html
Also an investor here, Benjamin. May I ask you to send me the reply, please? schoolboyLSE at hotmail .co .uk
He means that these 76.6p trades going through are buys.
"This week the Alternative Investment Market (Aim) welcomed RapidCloud International (RCI), which helps 36,000 small and medium-sized businesses in Malaysia with their web-based services. RapidCloud is the eleventh Malaysian company on Aim and investors who joined its £1m placing, at 54p a share, will hope the company is as successful as Fusionex International (FXI), a Malaysian enterprise software company that floated on Aim in December at 150p and now trades at 327p. Already well established in Malaysia, having been in business for over 10 years, RapidCloud went public to scale up its business and fund expansion into Indonesia – and eventually the rest of south-east Asia. Priced at just eight times earnings for 2013 (post-IPO), giving a market capitalisation of roughly £9.4m, this is a relatively low entry point for speculative investors looking to gain exposure to two fast growing markets: cloudbased software and Asia. The company pays a small dividend, too. One to watch."
Afternoon mate, good day for us today! Just saw that you're in here at 0.8. I hate advising, but I'd maybe think about taking profits asap or at least de-risking to an extent. IPS will have £300k, but with 143.4 million shares and a price of 1.2p, it will also have a market cap of c£1.7 million. It could of course keep going up, but just keep in mind what happened to KENV, and how quickly it dropped, when it was trading at a similar premium. LDP looking slightly more healthy today too. Let's hope this bloody news comes soon!
Research on cash shells, people. Here's to some upwards movement, sooner rather than later..! http://freepdfhosting.com/dd17eec523.pdf
That is a sh*tload of gas. http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail.html?announcementId=11265702
I F*CKING LOVE YOU.