Member Info for Sumoskier

After all the cloak and dagger it’ll be interesting to see who the new investor is and what they can bring to the party! Maybe the vote of confidence will boost the PE by itself!

Surely the underlying point here is that a higher PE should be used for valuation purposes because of the forthcoming secured growth? Isn’t the issue that we can see earnings doubling or more once Elephant is up and running?

Is Copper in the £70m?

I may have mixed up fair value targets, my underlying point remains the same, previous fair values are way out!

As the recent quote from WH was fair value of 17p before taking into account additional Copper, expanding Chrome processing and higher across the board commodity prices I would struggle to think a revised number is below the 30+ range?

For a blue chip investor?

With the money being made on CB companies it seems to make TW pointless?

Now listened to the call. Based on where they have operational teams I’m assuming the next geographical move is going to be Australia and probably announced later this year?

Not listened to yesterday’s call but one thing I am puzzled about is the new mystery investor, are they being asked to come onto the Board? If not surely they won’t have access to the day to day operations or strategy so nit sure what value they will add?

The slight flaw in this type of argument is that LC and CB could easily negotiate all of this for a better deal as the buyout would come at a much higher price or do you think a takeover would happen at 10p?

You have to remove acquisition and processing costs from the $8000 per ton? Safer to work in a 30-40% margin?

I think the irony is that we don’t need another RNS issuing stock but one issuing a licence. GLR can then get on with the core objective of getting Star Zinc up and running !

Based on recent comments there’s a lot riding on the next six month results. Expectations seem massive.! One thing that worries me is whether there is any value on the balance sheet for the DCM stock and the risk of impairment due to the ongoing legals? Might put a dampener on the results if something falls out?

I think I’m almost back to my first purchase price, early 14’s in the days of ConRoast. Great to be in an almost profit position!

Dore123, Find your thought process odd? The other option would be for JLP to have gone under at some point which would mean no return at all, at least there is a chance that a lot of money could be recouped over the next couple of years although I find the quotes of an SP in the £ difficult to see without further deals!

Bizarrely what I am looking for is the next project, hopefully in another country again, which will really make the SP motor. Great times ahead!

Agree that the PE will be below 4, but only when the Copper strategy really delivers. At the moment the risk is this gets delayed/costs more than expected, however, given Leon’s ability to deliver nit overly worried about this?

So more like £20m net?

MS, have you taken account of the costs to process in your Kabwe numbers or is this gross?

You need to add in Chrome as well!