Member Info for Sharpey

Can someone please give me CREDIBLE reasons this company is now valued 42% LESS than it was just over two and a half months ago. Because I'm really scratching my head about this. All I see is positive RNSs and no bad news since then.

80% of London trades are algos. Personally I don’t think they’re logical. There’s only been good news since the high on 1 April so rationally this shouldn’t have fallen 43% since then!

So this has given up all the gains from yesterday after a fantastic update. What a joke!!!

“The pipeline of quality firms coming to market is also negligible. This isn’t a buyer strike in the market — the shop is empty.” - Charles Hall, head of research at stockbroker Peel Hunt

Hello 👋. There are plenty of great companies like GSCU that announce good news after good news and the London market doesn’t react. You just need to look Charles past the end of your nose!

https://www.ft.com/content/d4d6b2f4-400f-4dc2-8210-acd1802f9852

None of the good news seems to get us out of this bid 3.5p/ask 3.8p nonsense valuation! It would be nice just to get back to over 5p before the Orange Orangutan launched his stupid tariffs!

Yes I am aware of that. That’s why I wrote I hope the market includes some forward valuation!

I’m trying to be patient here. It took ages for the market to recognise that Fresnillo was worth so much more. I held it for about two years and everyone was saying “why is Fresnillo below £5 when gold and silver keep going higher and higher?” Then they finally released results that showed profits had doubled and 🚀 = 💷💷💷🤑🤑🤑. Up 145% on a FTSE100 company in two years. This does unfortunately mean we might have to wait for GSCU to actually make some money before the market wakes up. But let’s hope they do at least SOME forward valuation and get to 10p soon. £50m odd is totally justified atm!!!

GLA!!!

Very informative. Thank you!

With such good news I can’t believe this isn’t at 10p!

Cheers babes, love ya 😘

Cautionary tale from FAU though. Share price peaked at AU$4.27 in May 2003. Now AU$0.003!!! Exit needs to be timed very carefully on stocks like HAMA!

Still 🤬😡😤 my order of 360k at 0.8 was accepted by my bank yesterday but only 160k was fulfilled. They even claimed they got me a better deal because I put a limit price of 0.85! MM making a nice tidy sum here!!!

Just had 110k at 1.25p. Even if it gets to £1/share that's still only £144m market cap. That would be justified if making £14m profit imo. Given results £14m profit for HAMA would be achieved by just £56m annual profits from the project because HAMA will own 25% of FAU. Easily done!

Stuck at 3.5 bid and 3.8 ask 😭

No one would sell at 3.55p. Stupid Algos trying to manipulate the price or programmed to take profits at a certain point.

"Some financial activities which proliferated over the last 10 years were 'socially useless' " - Lord Adair Turner when reviewing financial regulations after the worldwide financial crisis. You can put Algos responsible for about 80% of London trades in that bucket!

This is main market, not AIM.

I’m not popping the 🍾 yet. We might have the nonsence of selling good news!!!

HAMAK get to keep 25% of the profits plus 25% of FAU profits on the projects it currently has via owning 25% of FAU. FAU made a loss last year though. I guess people are thinking FAU wouldn’t give away 25% of the company for nothing so there must be good profitable gold in the HAMAK project.

I have listened to it. As I understand the JV Hamak will get up to AU$1.9M FAU shares for 100% of 79 Resources Inc that owns the mining rights. At current market prices that would mean Hamak owning about 25% of FAU if shares given to Hamak are freshly printed (which I'm assuming as no mention of a share buy back to give to Hamak). So we the Hamak share holders get 25% of the profits from mining at Nimba plus 25% of FAU profits on everything else it owns. First AU Limited made a net loss of AU$1.14m last year. So getting 25% of that ain't great! So big uplift in sp based on the view that FAU wouldn’t create £1m of shares for nothing! Unsurprisingly the sp has stabilised around the current value of the FAU shares Hamak is going to get.

https://www.marketindex.com.au/asx/fau

Given the Aussies can buy the whole subsidary for £1m I'm out soon.

"The terms give the right for FAU to progressively earn up to a 70% interest in 79 Resources Inc, the 100% owned subsidiary of Hamak Gold which directly holds the Nimba licence, through funding exploration work at Nimba as well as issuing up to £627,473 (A$1.3 million) of FAU shares (or combination of cash/shares) to Hamak Gold Limited over the next nine months. FAU will then have the option to further increase its interest to full ownership in the project should results justify, in return for continued project expenditure and the issue of a further £289,603 (A$600,000) shares in FAU, being a possible total consideration of £917,077 (A$1.9 million)."

https://www.londonstockexchange.com/news-article/HAMA/strategic-partnership-on-the-nimba-gold-project/17046630

Https://www.share-talk.com/great-request-show-wednesday-11th-june-2025-hamak-gold-helium-one-panther-metals/