The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
Having been invested in a couple of companies that were bought out on the cusp of profitability, I fear I’m seeing the same pattern. It’s difficult not to see us as a small cog in the Teichmann machine.
Having been on this particular rollercoaster for the last few years, and seen the turnaround, I’d be rather disappointed to be pushed off the ride as we finally get to the finish line.
I hope I’m wrong, but I’m finding it difficult to think otherwise.
Personally Rocktapper, I’m not too fussed if we get a dividend in the next few years. With the performance of the current management, I think I’d prefer expansion in the form of another mine. Bearing in mind how they have turned this operation round so quickly, it seems the obvious way ahead.
Exactly what I had hoped for, and more ambitious plans in the pipeline.
Hats off to the BoD. Their record on delivery in the last 12 months is outstanding.
I’d be stunned, and somewhat disappointed if we aren’t into profitability in Q4.
The current BoD haven’t put a foot wrong since appointed, and have delivered on ambitious pledges. If we can’t hit profitability on current production, I doubt we ever will. The last 12 months are, on paper, the best I’ve experienced with any AIM investment I’ve had in the last 5 years. I’m really hoping for an absolute belter of an RNS.
GLA.
ambitiousbeef, my guess is exactly that, a guess. But FWIW, I think we’re around 50% undervalued for where we currently are. The best way to gauge how well the company has done recently is to go through the RNS’s, which have been positively sunny over the last year, and I have a positive outlook looking towards the next FY results. The real icing on the cake over the past year has been the frequency of large stones.
No one can predict the future, but it helps when you have full faith in the BoD, and the management. And I do. With more big stones, and strong FY results, I think that double the current SP, within a year is possible.
Not advice, and not scientific, just my current sentiment. Whatever you decide, good luck.
Would love to read that, but unfortunately banned from twitter at the moment for sending pictures of chickens to the Labour Shadow Cabinet!
Baz, I agree completely. Some of the predictions are way off the mark. OIP isn’t cash in the bank. I’ve every faith in the BoD, and the direction we’re headed, but until we’re bringing oil to the surface, in large amounts, our MCap seems about right.
And let’s not forget, the utter debacle at Angus is going to effect investor sentiment.
I think the oil will come, and the MCap will reflect that. But i think it’s going to take far more time for the SP to rise to the levels than some are predicting.
Baz, I agree completely. Some of the predictions are way off the mark. OIP isn’t cash in the bank. I’ve every faith in the BoD, and the direction we’re headed, but until we’re bringing oil to the surface, in large amounts, our MCap seems about right.
And let’s not forget, the utter debacle at Angus is going to effect investor sentiment.
I think the oil will come, and the MCap will reflect that. But i think it’s going to take far more time for the SP to rise to the levels than some are predicting.
I too, have used the opportunity to buy. The company seems to be delivering on its promises, and heading exactly where it wants to be.
The last 12 months have exceeded my expectations., which isn’t something I normally say about my AIM investments. My sentiment on BRD remains extremely positive.
Taken aback reading this in the report:
“ Blue Rock must now be looking to expand beyond a single mining operation with the logical step being a new operation within the next three to five years”
They have literally plagiarised my post from last week, lol!
Martin, Angus and UKOG operate on wishful thinking, not solid future potential. In reality, they can only guess at OIP and if it can be extracted. That’s why Angus have managed two dusters in a row, despite positive exploration reports. Markets always work on sentiment.
Martin, many companies are valued on potential. Look at UKOG or Angus. Years away from profitability, but priced on what they may do in the future. And unlike them, we are far closer to profitability, and an end to fundraising and dilution.
Ambition is always something that adds value.
Martin, I understand your sentiments based purely on future profits, but personally, given the performance of the management over the last year, I no longer see BRD as a company that begins and ends with a single mining operation.
Whilst there has been no mention of it from the current BoD, I’d be extremely surprised if they didn’t have long term ambitions to expand. A lot has been learned, we now have, arguably, a really good team in place. A new mining operation, within the next three to five years seems a logical step.
Quite unusual to be awaiting an RNS on production figures, and even though it’s later that normal, everyone is generally positive.
This doesn’t feel like AIM at all! Lol!
Nice change from the doom and gloom that seems to pervade these boards everywhere else. GLA, I hope the next RNS continues the positive trend, and I have a sneaking suspicion it will.
I’d guess some holders are simply taking some profit, and averaging down. No surprise after rising so quickly. I think the next RNS will put the wind back in the sails.
Loath to say it for fear of jinxing things, but it finally looks like investors are spotting the value in BRD, and our star is rising.
Hats of to the Board, who since they came in, have turned things round so quickly. I’m not surprised they are inspiring confidence in the company.
Zapsnap, I’d agree with you up to a point, but we do seem to have been swept through with a new broom over the last year, and historical problems are being resolved. I can certainly feel for those who’d had their fingers burnt though. Being an AIM investor, I’ve been there several times with “lifestyle” companies.
I genuinely can’t see a reason for another cash call. If the company can’t self sustain at this point in production, then I don’t think it ever will. I suppose we’re reaching the point of critical mass now, where the company will probably stand or fall on its next few tranches of news.
Good luck, I hope you see a positive change in your average.
Have to say, I find the market cap inexplicable. Everything seems to be coming together over the last 12 months, and IMO the BoD haven’t put a foot wrong over that period. Quality and quantity seems to be improving in every aspect, every quarter, and I can see a real positivity in every RNS.
Of all the small stakes I have in small cap companies, I’ve got to say, BRD seems to be the standout on paper, but simply isn’t increasing in perceived value. I like the direction they are going in, they seem to have good governance, the news flow is positive and there seems to be a good headwind towards profit. Even given the vagaries of AIM, and the shenanigans of MM’s, the MCap seems stubbornly stagnant, and I can’t really see a reason for it. Every indication is that BRD are going forward, great guns, and with small cap companies, once you get through the smoke and mirrors, that’s far rarer than many realise.
I’d be interested in other opinions, as I’m genuinely bemused by our current price.
If the RNS’s are to be believed, I cannot see any reason for a fundraising.
Pleased at the way they’ve moved forward in the last 12 months.
I have a really good feeling about this one. As always, time will tell, but no complaints with current management at the moment. The way things are turning out, I’d be shocked at another round of funding.