The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
What are the other p:e’s in the sector? Unless I’m mistaken we could be looking way in excess of 20 with some positive sentiment. Share price in excess of one pound is a distinct possibility for medium term holders. With no debt and nothing to raise I can’t see a safer place to invest across the whole sector.
I like that calculator. I’d highly recommend putting in 400KT which is the stated aim and achievable in 3 years. Then the price per tonne of $100 and a p:e of 20. That helps me hold my shares but gives me concerns for pension tax thresholds
Yep. In the proactive interview in March… BM “details plans to increase its capacity to 200,000 tonnes after the momentum seen in January and February 2022, with an upsurge as farmers recognise the benefits of KP Fértil®, which has now been certified as a fertiliser”
Agreed - end of June. But if you look back, the big step up happens in anticipation of results. This time 3 months ago the price was moving aggressively upwards. Most people here agree that this should be multiples of its current value. I’d suggest somewhere near 60p as fair value following positive sales figures. As such, I’d say a move to 30p is due and then possibly a plateau with the odd spike on results because this is AIM and nothing ever realises it’s value. No Boom yet from me. I’d be tempted if it hits 50p this year.
If they RNS an oil discovery this will be huge. If they don’t it will retrace and then recover as the gas sale agreement gets finalised and they start to prepare for Topaz which has a separate kitchen and an even better geology. So if I’m not rich by May the 4th, it’s just a matter of time before we see this share price again
And what’s key here is that Topaz has the second kitchen feeding it…. The shared one with Jade has many more pathways to Topaz. The second, larger kitchen again has several pathways. So Topaz should in my opinion be much higher probability than Jade. If Jade is fill to spill I’d say Topaz is a highly probable prospect.
There will be lots of news in the coming days but I have May 4th (Star Wars day) down as the pay zone. In terms of encountering hydrocarbons I think we’ve a few more days for the gas cloud at 2100m. Gas sales agreement any day now. News about drilling and casing tomorrow.