Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Been watching for a few weeks over Christmas and looks like the right time to be taking a position. Personally see this at 10p+ in Q1
Feels like its one of them that will get onto more & more radars in the days and weeks ahead
Simply can't stay at this valuation
Yea FOMO will start once its 50% up from here
the early birds get the low risk high reward positions by buying in at these levels
Boy if people want a Q1 multibag potential stock then this is it
We've waited over a year for this Rig Contract to finally be signed. Its huge news. We have a drill window now as well. Likely Q2
So at £2m Mcap what happens between now and then. Well for starters it definitely doesn't stay at £2m Mcap. How can it?
The NJOM-3 well in Cameroon is anticpated to have 35.4 billion barrels. Funding will be easy to come by via a Farm Out with such huge potential, JA has already been working on multiple funding partners over past 6 months
Expect a very busy Q1 as we build towards the drill and get the licence extension & JV sorted
Superb Strong Buy
The wheels have finally been put in motion to drill.
Market can't ignore this for long at these prices
Think we have lots of catalysts with licence renewal, funding and spud date confirmed nearer the time. The fact no more dilution needed as well is a big plus. Bit of churn at these levels then these prices will be gone forever
Been holding a while and underwater. But have to think at these levels it’s now only up from here as we build into JV deal and Drilling in Cameroon. Pleased to see Jeremy putting his own cash in and confirming no other dilution needed going forward. Big big upside
Closing the week nera the highs we may even see it tick up a tad more. Gold spot price is flying
CEO Davids recent interview was very telling
Think we may see brakes come off and 7-8p before Christmas for starters
"The project has been significantly de-risked with EPC, O&M and Mining contracts signed with Power Construction Corporation of China Limited, the Kyrgyz subsidiary of Power Construction Corporation of China International Group Limited (“Power China”) in October 2023. The Company is aiming to complete Project Financing in the near term with Final Investment Decision (“FID”) planned in Q1 2024."
Its going to be a huge Q1
Very impressed with CFO David Mackenzie in the recent interview last week
Suggesting CGH currently needs over 100% rise just to get back to fair value
And thats before the near term $150m+ financing on their Gold project ahead of construction in Q2 2024
Its very exciting
To be fair it was only a very small raise and it was done at market price. I'm told was just friends and family. They haven't raised anything for a long time so a top up before lift off isn't that unexpected
The market is a bit bent and at 0.5p its stupid cheap. If there was something to update on MARS it would have been. There are many things going on behind the scenes and there is an order to events
Big JV deals or potential takeover bids don't just get announced. I suspect we will all be very happy in the months ahead but share your frustration short term
However opromising RNS this morning
Was a good listen for a Thursday morning. Don’t see the price staying around 6p for long with financing worth hundreds of millions due shortly and then the line construction
CEO rightly said this is worth $130m+ right now and I expect much more than that when financing is secured in the near term
Financing is the key here and after reading some of the previous RNSs again and speaking with the management I bought a lump around 6p ish yesterday
I have a target of 25p in Q1 2024 with $200m+ financing package in place and progress on multiple fronts
It’s really exciting to be about to get involved at these levels
Mental that this is still trading around 4p
Should be multiples higher and likely will be soon
Think we may see this short squeeze really kick off next week
There is my 500k buy at 3.7p printed. Hopefully i'll be selling it at 10p again in Q1 2024
Peterhouse had their warrants expire yesterday. They haven't been exercised as i asked the company.
Someone been selling constantly down from 6p. STFL been facilitating. Now the warrants have been cancelled after expiration yesterday ghere is no way to cover. So they'll have to buy all that stock back
Could get pretty interesting if so. STFL bidding as we speak now :)
I also bought another 250k at 3.68p to average down. Can't find any reason for it to be this low. Expect we'll get a decent reversal soon
Think its the right level to be buying. Really surprised to see it down here but they should st5art drilling soon and then it gets exciting, especially with the gold price flying. Plus they raised a load of money at 6p so fully funded