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They have cash in bank to cover them for the foreseeable future as per RNS. They've never said that before
I expect thats due to more revenue/profits from the extra production in Takjistan and BP. But it may also be because diamonds are very close now
We will find out soon i suspect but if diamonds do eventually land then it trades back towards 1p
Thats some cracking risk v reward from 0.2p
Sensible strategy. I can see this doing really well from these levels now they have cash in bank
Once the dust settles people will read the RNS and likely see that the company are now in a VERY strong position going forward with multiple revenue streams from producing assets with the bonus of diamonds to land at anytime
Yes sure placing is a negative but was always expected to need more money in October
BP mine now commercially producing Lead/Zinc concentrate as well as the Copper production.
Takjistan now commerically producing Lead/Zinc and first shipment sent out.
So thats 2 new revenue streams added. The fact the company have said they will need no further equity dilution for the foreseeable is interesting as i've never seen Nomad allow them to say that before
Could end up being a superb cycle low today for another 5 bagger in the months ahead
Looks really bullish. Think we may break 0.13p this afternoon. All eyes on the RNS feed
Hammaslhati is looking like a major asset for Bluejay and a future producing mine. Big Big news
Some very high grades being found which is extremely encouraging
Should see some interest this week and higher prices
New management not wasting any time at all in ways to add significant value. Great stuff
Market seems to like it
Great post and lovely summary. Thanks for sharing. Think we are in for another blue week
Raised money at 0.175p... New management... Costavings... Salaries in shares and performance based...
Bring on next week
Funny how some spent most of the week deramping and yet all thst happened is price has gone up
Catch ya next week ;)
You either know the game or you don't
Just checking in lovely price performance. Good to see a more balanced and happier board. Shareprice is rising and looks like the RNS today gave investors further confidence that we have a real turnaround on our hands. I still think 0.5p area is fair value based on our assets even if they do nothing. I expect lots of activity so have much higher targets in mind
Looks like some decent demand on the bid. Either buyers about or MMs short and looking to flatten book. Really does look primed
Shareprice has been smashed from 4p down to 0.2p. Now is not the time to be negative or bearish with fresh new blood at the helm motivated and incentivised by the price performing better
I expect to see them do some drilling in Victoria and plenty of field work & sampling in Queensland. Its hugely undervalued at these levels so won't take much to get things rolling
Back to 0.5p for starters be nice
Not really. Its been a fantastic few days. I don't know any company or broker that can put a raise together at 0.175p and yet have the price trade around 40-50% above it... reality is there are no sellers. Sticky money. Good quality placing. Everyone aligned for much higher prices. Been a superb few days
Its a shame to see squabbling filling up the board but its also pretty common when a shareprice has been smashed and its in the midst of some big changes for the better
The smart work this out quickly but there are always some stupid people who don't realise until its 50-100% higher
Let me put something straight as there is clearly a lack of understanding about. They only get remunerated above 0.175p, if they raise more money, above 0.175p then that will then be the new base price for them. They can't and won't do a raise below 0.175p because then no one gets paid. Everyone loses
In addition they are in process of intense cost savings plus looking to boost cash resources from property and inventory sales, which will bring more cash to company.
Lastly, someone talked about no drilling till next year. In Queensland they have got an extensive field work & sampling programme lined up. There are some real hot Gold zones so we will likely get to hear more about that shortly. As for drilling its likely they will start doing work over in Victoria on the drilling front over the coming months.
Lastly there has always been talk of acquiring another asset, it won't be for cash it'll be for paper to preserve cash resources. But it will the nadd another string to the bow
Its going to be one hell of a journey from here. I get that some will always try to find the negatives, retail like to be max bearish at the lows, but there is very little priced in at this low valuation. The signs are there for a fantastic reversal play
Long term shareholders deserve it after the shocking past couple of years
They will be cracking onwith some work ASAP and looking at new acquisitions
Switch off till next year and come back to a 1p shareprice probably
Its crazy that people are still finding negatives.
£200k per year for 4 directors in shares is nothing. Most of these AIM companies have CEo on £250k per year and then other directors taking out large amounts of cash. The fact its been taking in shares rather than cash is fantastic news
You can't expect people to work for free. If the company delivers and the shareprice moves north everyone wins. If it doesn't everyone loses
Its as simple as that
Yes i'm happy with that. My biggest bug bear is companies that directors have fat salaries and spend money for fun. This is a good start with cash being used sparingly