focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
KDC released a very interesting update today. IMHO this company will be bigger and more profitable when individually compared to Petra Diamonds, Cape Diamonds and African Diamonds in 12 months from now. I think KDC shares are a bargain at 50p. Any opinions regarding this company?
Trying- I reckon it's possible for CMR to get back up to 6p on the news of positive drilling results, especially with the gold price maintaining well at above $630 per Oz.I intend to hold CMR for the long term. Who knows if they discover a rich gold deposit they may become a take-over target?
These penny shares have a habit of surprising everyone.I bought Playing Station when it was 4p, sold when it reached 6p and cried my eyes out when it soared to 60p in one leap.Now I am paranoid about selling any of my penny shares, especially those with excellent potential as I believe SCO has.Hold on, you might be surprised by what happens in the medium term to SCO.
IMY's announcement today offers some encouragement.Share price is at an all time low. Pre-feasibility study will be ready by Q4 2006.Mo is a far superior stainless steel ingredient compared to Ni. Will watch with interest if IMY announce that their 100% owned Mo open seamed deposit(one of the world's largest known Mo deposits) is amenable to open pit extraction.
This very exciting Australian diamond company got off to a very slow start on the AIM last Friday. Diamond operations are focused on the Kimberley Plateau in NW Australia. Carat production is set to rocket from the fourth quarter 2006 onwards with the establishment of a new processing facility.KDC had a few difficulties in 2005 with underestimation of new plant build costs and reduced ore processing. These problems are now behind them. The 2005 report makes very interesting reading, in particular the bits about a fourfold increase in carat production from Q4 2006, increasing profits and yellow diamonds!KDC is a complete diamond operation which spans all aspects from mining to selling their cut and polished products in Antwerp.Cf., African diamonds, Petra Diamonds.
AZR is best left to develop its own iron ore project thank you.
Nothing appears to have come out of the takeover rumours.I am content to wait for GFM to report a profit of around 18M dollars at year end. SP should then rise comfortably to over a pound, cf., Zincox resources, does £1.30 sound reasonable?
johnjames-As you probably know the RN is in the process of updating a large part of the surface and submarine fleet. This includes new generation destroyers, attack subs and up to three new aircraft carriers. There are also new VTOL fighter jets in the pipeline to replace the Sea Harriers.The fleet's comms are being updated currently to a system which is triservice compatable.I don't know if SCO have a firm order from the RN but I reckon this little gem of a company is in with a good chance of gaining one.
An update on the sea wall construction should be released soon.Possibility of AZR finding more high quality iron ore through drilling programme.Chinese buyers already lined up for 2007's first ore shipment.Watch AZR SP climb to where CLIO's is now and CLIO SP sink to AZR's current level over the coming months!
Such a small company in an intensely competitive market.So many mobile phone service providers are now offering free broadband as part of a package and now Sky. What hope does PXC have of competing?
Can't believe how cheap this share is. I bought GFM when it was 19p and MKD has an equal amount of zinc(over one million tonnes Zn metal). I know MKD does not have the gold that Griffin does nor is it in China, but Marakand is close to mining and extracting a mixed ore of zinc, copper, lead and silver. The silver reserves are massive, over 62 million Ozs in the mine close to productivity, cf., Minco. Since Marakand is effectively part of the Oxus Group its SP has no doubt been held back by the Jerooy licence negotiations.
I was offered TIO when it first floated at 18p as part of a deal for share holders in PH Mining. Bought them, sold them at 28p, then missed the surge in TIO's price! I would buy back in but for the contents at the back of TIO's glossy report. Mr Hambro is honest and explains that the knackered rail infrastructure needs a lot of investment before its safe to run. Just be aware that the Chinese will buy a lot of iron ore from the Koreans when their existing mine is up and running.
Yes, I remember the placing and saw the institutions respond by pushing the share price down to 84p before buying up masses more, not to mention SBE's £4-00 offer to the institutions. I think that TIO may go up to 80p in the short term, but thereafter may be hit hard.
Cynic, I agree that Peter Hambro is greatly respected and trusted by the City and TIO seems to be well placed, but there is a small issue with NE Russia's ailling transport infrastructure, which will cost millions to restore. China will be the main market for TIO's ilmenite and iron ore but don't forget that the there is a massive Korean iron ore mine close to the region that plans to list on the AIM this summer, what might that do to TIO's share price? Yes, you will be offered a share deal at 28p, but be aware that TIO might take a hammering after the shares have been snapped up.
I agree with your suggestions except that TIO is in a bit of a shakey position what with the transport infrastructure needing massive investment in that part of Russia and the gigantic Korean iron ore mine which is due to list on the AIM this summer.
Thank you for reminding me about KAZ, I regret not buying it when it was £4-00. I tend to hold my mining shares through thick and thin! Happy Easter!
I agree Nickshanks that there is much speculative interest in SCR at the moment and that there will be a downward correction in the price to 20-22 pence. None the less, Danfeng project is very exciting and the future looks good for SCR. Give it a couple of years and who knows, it might do very well indeed.
With respect, thank you for putting me straight about the appetite for stainless steel in China AT THE MOMENT.If copper was in such low demand and inventories were adequate how do you explain the recent rise and today's surge in CFM's price ? Don't forget that China has plans to start development on 10 major cities in the next few years. What 'imponderables' are you talking about? Does the fact that the Chinese government actively wants to assist SCR in there exploration and mining operations not tell you anythig? Namely, that SCR is well regarded in China. Not so much a mere 'gamble', somewhere between a good and a sure bet in my opinion.
SBE is has got to be one of the best energy shares on the market, a good buy even at £5-00+. May be now it will start to climb within reach of Burren Energy's share price...overdue in my opinion.
Polly, I think that the rise in SCR share price has to do with the recent agreement they have brokered with the Chinese government over shared exploration rights with the Chinese national geological department in an area known to be immensely rich in copper and molybdenium.In addition, SCR will get state assistance ( surveying, mining equipment ,etc) in this joint venture! SCR also not far from becoming a productive mining company, and with copper mineralisation of 6% within the country consuming most of the world's copper and stainless steel (Molybdenum) at present, there is no saying what the price of SCR might be in 12 months from now,cf., CRC and CFM