PYX Resources: Achieving volume and diversification milestones. Watch the video here.
https://uk.investing.com/news/economy/worlds-ultrawealthy-go-for-gold-amid-stimulus-bonanza-2144194
Methinks they are buys
Keep on coming through but no budging of the share price? Just transferring from the weak to the strong?
Yep.
From Marky: we await the final awarding of permit.
Dividend Guessing Game!Thu 20:42
Right, I promised Prop some back of a fag packet Keras dividend estimations. So here they are. They’re open to huge amounts of challenge as there are a host of assumptions I’ve made. I’ve tried to make all assumptions low ball, to leave upside potential.
In essence, I’m treating the sums as if Keras is a cash shell, and so the economics will be ‘see-through’ as a 75% shareholder/owner of the Nayega project. Keras financial year runs September-August, so I assume that we don’t start producing until September 2020
I’m assuming that 20% of Operating Profit will be reinvested into initiatives driven by Nayega manganese, whether cash investment or servicing debt finance to expand resources or project initiatives. (Production expansion into Ogaro, or progressing silico-manganese initiatives). I have not recognised any upside in market cap, or revenue generation from these investments – leaving upside potential. These investments will be pre-Corporation Tax. Assumes Keras operating costs are settled pre Operating Profit.
I have not assumed any fancy tax efficient corporate structures or transfer price models to repatriate funds into Keras pre-Togolese Corporation tax – leaving upside potential.
Operating profit assumptions for 2021 and 2022 have used conservative estimates om DTMU prices, USD-GBP exchange rates, and high levels of wastage to leave upside on the table. I’ve assumed slow start and ramping up efficiency in 2021, and slow ramp up to the 300k tonnes p/a that continues steadily in 2022
I’ve assumed that the Keras share consolidation of 10:1 takes place, leaving issued shares at 278.5m
FY2021
Nayega Operating Profit - £11,500,000
Nayega Project Investment - £2,300,000
Net Profit (28% Togolese Corp Tax) - £6,624,000
SGM Cash Dividends (30% Net Profits) - £1,987,200
Of which – Cash to Keras - £1,490,400
SGM retained profit - £4,636,800 (of which Keras ‘owns’ 75%)
SGM Market Cap - £60,000,000
See through value to Keras - £45,000,000 (Market Cap based on Nayega Project)
Keras Dividend (2.5% Market Cap) - £1,117,800
Dividend/Share £0.004 – Year End September 2021
Keras Share Price - £0.16 (based on £45m MCap)
Would represent 10x growth in equity value, plus an annual return ~25% the value of shares at today’s price
FY2022
Nayega Operating Profit - £21,000,000
Nayega Project Investment - £4,200,000
Net Profit (28% Togolese Corp Tax) - £12,096,000
SGM Cash Dividends (30% Net Profits) - £3,628,800
Of which – Cash to Keras - £2,721,600
SGM retained profit - £8,467,200 (of which Keras ‘owns’ 75%)
SGM Market Cap - £108,864,000
See through value to Keras - £81,648,000 (Market Cap based on Nayega Project Only)
Keras Dividend (2.5% Market Cap) - £2,041,200
Dividend/Share £0.0073 – Year End September 2022
Keras Share Price - £0.29 (based on £82m MCap)
Would represent 18x growth in equity value, plus an annual return ~50%
Jesus! This is the exact news I’ve been waiting for! :)))
I try not to.. but..
Apart from the obvious director buying this week, which is A big vote of confidence, I just can’t see the reason for such a large amount of buying just before close? Has someone been pumping on Twitter? Or if not then maybe someone knows news is landing next week.. all those count down trades 6,5,4,3,2,1 mean they do? Anyway.. I’m gonna say it... Wouldn’t want to be out of this over the weekend...
Roll on Monday!! :)))
Welcome to the ‘soon to be very rich board’
These sells are all buys right? I can’t get an offer of anything above 0.0014 to sell...
Was that 10k a buy or sell?
You can buy 11m shares off me for 50k :) :)
Was thinking the same thing :)
100%
5k sale at 15??? I was getting offered 14.02 all day to sell 3000 so think these are all buys personally
lots of talk of parity with Capricorn Mining, which would value us at AUD$500m or $2.35 If you can, sell I’d highly recommend resisting.. DFS and Aeromag info by end of Q2.
And we are well and truly off!! 17.5% overnight!!
Have just had a call with a client investment relationship manager. He then put me on hold to speak to the Corporate actions dept. He then came back to say they (corporate actions) will be providing an update next week and that we will be able to trade our shares as of next week. I’ve asked for that in an email to pass onto my solicitors for their records.
Right whose got an email address for the corporate actions team at Hargreaves Lansdown? All holding there need to start bombarding them with enquires.
We can probably cut them a bit of slack due to a global pandemic, but yes would be nice if they could hurry up as soon as poss eh!