The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I especially liked this no nonsense quote from our Harry in the Finance update RNS for the Gold project Tulu Kapi on July 1st 2020.
"We will not allow any distractions from achieving our target to close project financing in October this year and I look forward to updating shareholders in the current quarter."
That was a warning shot for ANS mining who let their 30 June 2020 deadline slip. Harry let it be known there were plenty of other interested parties wanting a bit of the cake.
I know what you're thinking. Will financing be 6th or 5th Oct? Well, to tell you the truth, in all this excitement, I've kinda lost track myself. But being as this is a .44 magnum, the most powerful handgun in the world, and would blow your head clean off, you've got to ask yourself one question: "Do I feel lucky?" Well, do ya, punk?
Well Harry....Make my day!
Thanks Whl2 for the link.
I think it is rather exciting how things are developing. The companies strategy for growth in capacity is excellent and also forward thinking, which gives me confidence.
Must say I am happy with the progress since I came aboard on the 10th Feb 2020 taking account of COVID.
My first knowledge of the company was from the crux interview posted on 1 Feb 2020.
https://www.youtube.com/watch?v=Rk75l35K-Wk&t=1380s
I recommend this for any new investors. I found it very informative and most importantly believed that we have a very good product that will benefit farmers who use it.
The product is also friendly to the environment and furthermore there are lasting benefits for the soil it is applied to compared to other common products that Farmers traditionally use.
There is a massive market on our doorstep and I would expect the Brazilian government will be very happy to reduce the amount of Imports to the country and therefore improve their carbon footprint.
Happy to hold here for the longer term and you never know how big this company may become!
GLA DYOR.
Sharegar.
I would buy a book written by TillyWhiz for entertainment and to balance things up would add an educational book from Rowka that would rival War and Peace!
That's a compliment to both of our hugely valued crew members who have steered and steadied the good ship EUA through the choppy waters on our journey to treasure Island.
Maybe Septic Lil would have a great Kiss and tell story as well. But I hear she is a real Lady and no names would be revealed.
I was tired and started to drift away. There was an aroma, a sort of Haddock/Mackerel Perfume. Septic Lil seductively whispered in my ear 69 my first offer is 69.
I said p??
She said no! Do not be so disgusting.
I replied I guess you are right, its gonna take £'s for this Treasure chest we call EUA.
On reading over the RNS regarding the change in duties of the Directors, I get the impression that thing are progressing very nicely and most notable is that the disclaimer that points out that EUA has the right to withdraw from the FSP has been removed.
Why would that be significant? Dmitry Suschov (Moses) made it quite clear (In the proactive interview, see link below) that this sort of disclaimer is always used by Directors of companies involved in potential sales so that they cover all bases.
https://www.youtube.com/watch?v=d_YMY6yiMDE&t=2s
(@27 min DS explains the importance of a disclaimer).
So I conclude and off course it is just my opinion that EUA are already happy with what offers are already on the table.
Once the fine details have been checked and all parties are completely happy we should expect the big RNS.
In the meantime we can also expect other information that could boost the SP before an offer is revealed.
Still looking for multiples of todays SP, and £1+ could be achievable after a bidding war.
If Rowka is correct about a Mega offer of £3+ then even better. I for one will not disagree with him and the in depth research that he has provided this board with. There is a mention of working on multiple streams with potential buyers, so maybe Rowka will have the last laugh at the doubters.
GLA DYOR.
Sharegar.
I do not think this has been posted yet.
https://www.youtube.com/watch?time_continue=3&v=RIwQgLkwG5A&feature=emb_logo
Chaarat Gold Holdings Limited (LON:CGH) CEO Artem Volynets talks to Proactive London about the latest set of interim results for the six months ended 30 June 2020.
GLA.
I think this company is still under the radar (10MOz Gold and more expected) 3 projects at different stages and positive EBITA at Kapan.
A lot to like at this Mcap. All our Kapan metals have been doing well in the months after this report is based on.
I think our CEO Artem has been doing an excellent job with PR for this hugely under rated company.
GLA DYOR
Sharegar.
Sensibles,
The links for the Shanta articles on Stockopedia.
https://www.stockopedia.com/articles/the-shanta-gold-share-price-is-the-market-missing-something-125208/
https://www.stockopedia.com/articles/price-alert-shanta-gold-outperforms-over-three-months-125088/
GLA.
Sharegar.
RJthe3rd,
Could not agree with you more!
The amount of Resource in ground is massive compared to our share price. You just have to imagine the potential profit this company will generate once Nickel is priced significantly higher (QE Infinity....can only help).
At a certain point the increase in Ni price will be pure profit.
They thought people were fantasists at EUA less than a year ago when SP was 0.45p (now 21p and higher still expected for takeover).
The strategy of this company is more transparent with the inclusion of Adam Habib. The new investment in Iron Ore (great move), dilution should be much more limited and maybe a thing of the past. If that is the case, then that will allow us maximum benefit in a coming Nickel Bull market.
As far as I'm concerned, this company has resources that have the potential of making it a $1+ Billion Mcap company when the time is right.
DYOR GLA.
Sharegar.
Good question Emmystar,
Also with regards to AGM. How much will the company be allowed to reveal about FSP as I'm sure people will ask questions that they will like to answer but may not be allowed.
What other subjects will be discussed? Resource update? Conformation of a bid? More info on Licences that could add even more value?
I would think there will be many curious questions and no doubt a few little hints could be on the menu.
Could this be the time to reveal a bid and then call an EGM?
So many questions.
magical_trevor,
For a company like this, the cash position is decent.
Remember a big outlay of £1M was paid for the Licence and they have spend a modest amount on increasing capacity (not a bad idea) and they have carried a cost cutting exercise. As far as I can see, they have laid the foundations now they need to deliver by increasing sales.
They have previously stated that they have enough cash for general running costs for a couple of years without being forced to go to market.
So for a company of this Mcap, I would say that is decent.
Off course I do not rule out a capital raise, but like I say it is possible that they become cash generating this year or next so I would not be so certain about that either.
I know some people are feeling negative about this company based on the share price trend, but the Stock market is swimming with hundreds if not thousands of companies that looked hopeless at some point in their lives, if you were judging them on their share performance in a given time.
GLA.
Sharegar.
Sharechance,
I also suggest you have a look at the Crux interview from a few months ago (easy to find on You Tube).
The reception of the interview on this board at the time was quite mixed, but if anything I think it shows the potential upside for this company assuming things go as planned.
Considering the decent cash position of the company and the chances (in my opinion) that the worst of COVID has passed, then it is my opinion that the upside potential of this company far out weighs the risk of some share dilution in the future.
With a bit of luck we could get good news on the next update. If production increases to a certain amount, then suddenly we are cash generating and that could lead to multiples of current SP.
They recently increased capacity for production at low cost, so there are positive signs as well.
DYOR.
Sharegar.
Sharechancer,
The following permit was an important one at the time.
Award of Full Environmental Permit
Mon, 4th Nov 2019 07:00
RNS Number : 0624S
Harvest Minerals Limited
04 November 2019
Harvest Minerals Limited / Index: LSE / Epic: HMI / Sector: Mining
4 November 2019
Harvest Minerals Limited ('Harvest' or the 'Company')
Award of Full Environmental Permit
Harvest Minerals Limited, the AIM listed remineraliser producer is pleased to announce that the Brazilian Environmental Department ('Superintendencia Regional de Regularização Ambiental' or 'SUPRAM') has issued a full environmental permit for the Company's Arapua remineraliser project.
The permit allows the Company to mine and process up to 400Ktpa which can be further increased when required. In addition, the Company has been granted permission by SUPRAM to further increase the size of the run-of-mine ('ROM') storage areas and clear some other areas to assist production as required.
The award of the full mining permit by the Agência Nacional de Mineração ('ANM') is expected to follow in due course. Meanwhile the Company continues to operate unhindered pursuant to its current trial mining licence, which is valid until Q2, 2021.
Brian McMaster, Executive Chairman of Harvest stated, "As a producer of an organic product, we are very aware of environmental considerations. Sustainability is a key consideration for Harvest and we aim to have minimal environmental impact. Our production facilities don't use any water nor produce any waste. Additionally, we are looking at other initiatives to minimise our environmental footprint going forward. In addition to the environmental considerations, it is important that the permit allows us to produce at a rate above current name plate capacity and also that SUPRAM has consented to the ROM and storage area expansions. As we announced recently, we are increasing production areas in anticipation of next year and beyond and having the environmental consent to move forward is very important."
This announcement contains inside information for the purposes of Article 7 of EU Regulation 596/2014
This company is really starting to take off with ever increasing profits including extensions to life of tailings etc.
Who knows what other lucrative projects will be lined up in the coming years. Potential competitors would first have to develop their own technology at great expense before competing with us, thus giving us time to react.
The expertise that this company has for economical extraction of a basket of metals from tailings (or waste) will be in strong demand in our new environmentally friendly world.
Is it possible that this company can transfer its expertise to more and more countries? Possibly accelerating growth by setting up Royalties/Streams at no risk if foreign operators want a piece of the action.
After all, there are massive amount of tailings on surface the world over just waiting for a company like Jubilee to turn it from ash to cash.
Does anyone think this is a viable plan and if so then how massive could this company become given time?
Lets not forget that sleeping giant Tjate platinum Project as well. After all in had an NPV of $1.1 Billion in 2012 and it has an exploration target of 70M Oz PGMs.
Do not be surprised if the Bull market for metals is much bigger than the aftermath of QE 1,2 and 3. I base that on the fact that QE 4 is bigger that 1-3 combined. The Fed are more serious in their threats regarding inflation this time around, so why should we expect a different result from last time, with regards to commodity prices?
GLA DYOR.
Sharegar.
It could go on for another couple of months after first offer.
Read up on Lionore from 2007 and Guyana Goldfields this year (Both were taken over in bidding wars).
Both had initial offers that ended up in a sale much higher than the first offer.
I am sure there are many more examples, but these two are the ones I've read up on recently.
Eric has been doing a great job in these interviews. His strategy is clear and logical and you can see he is passionate about the company.
I think Shanta has never been in better shape fundamentally. The rising Gold price is just the cherry on the cake.
The management and directors own roughly 10% of the company and they have industry leading connections from previous positions. If we do have a takeover at some stage, then maybe the UBS connection could be very handy indeed.
The company has never been in such great shape in terms of cash position coupled with increasing cash flow.
Looking forward to updates specific to Kenya. It's going to be very interesting.
GLA DYOR.
Sharegar.
The starter pistol went off, but its a false start.
Oscar has only been shot on his little toe by mistake, so no lasting damage.
However it was very interesting to note how the Ironman sprinted out of the Blocks with a 50% gain in such a short time.
Ok, back to the starting line for now, but I think we now know what the explosive potential is once the race starts for real.
A little more dilution (we already knew it was 0.42p months ago) and a couple months more to wait, but otherwise the progress is positive according to the board.
GLA
Thanks Fortitude for pointing out my mistake in pricing the Iron at far too low a price. (we have HPI).
So Instead of concluding that we have >$13B of Saleable metals in ground, the figure is actually more like >$20 Billion and rising which is even more reassuring.
GLA Sharegar.