focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Personally, I have a feeling it'll be walked down below 70p again, so I'll be buying back in if it does. It's likely to get a filip when the US debt ceiling agree is reached in a few days. I can see talk of German recession and a predicted one for us at the end the year potentially keeping it rangebound for now. 68-75p maybe? I've done quite well the last few weeks with the old trading pot, nipping in and out.
It's all guesswork though.
Yeah, a drop of 13% on cobalt price isn't going to catapult us back to the path to riches. If the DRC had any regard for health, safety and child labour, we'd be laughing. Demand set to increase, but supply is increasing more for now, I believe.
Good point Seis. In light of that, I DMd Mining Weekly and had a moan. It's ludicrous that this metal extraction method is not even in the conversation about future copper shortfall from Mining Weekly. I just pointed out the following to them:
Good morning. I saw your article via Reuters regarding the projected shortfall of copper in the coming years, despite the increase in recycling. I was surprised to notice the failure to even mention reprocessing tailings dumps, in the process of being perfected by companies like Jubilee Metals. You imply that the only ways we can meet our demand is by increasing copper mines or switching to aluminium. There are billions of tonnes of tailings dumps all over the world, considered waste and pollution. Jubilee takes this 'waste' and profitably extracts the remaining copper from them. I thought you had your finger on the pulse of African mining and all things related. So, clearing and reprocessing these vast polluting dumps whilst producing thousands of tonnes of A grade copper cathode without further mining doesn't even warrant a mention? Oh dear. A bit more due diligence maybe?
Well, it made me feel better anyway....
Yep, first good day for a while. I'm not sure the derampers 'managed' to force the price down to ridiculous levels though. The most likely reason is that our earnings, just released, were 54% down during/following an 'expansion phase'. Earnings were pitiful.
We will get back to mid teens and then beyond when, and only when, our earnings increase commensurately with potential. Yes, our mcap is low compared to our nav, but we are earning virtually eff all.
I continue to hold and hope. I take some comfort in that I'm only fifty and can afford to wait, although my patience is not boundless. I hear of guys on here in their mid eighties. It must be devastating to be in for a large sum, and trapped at a fraction of the pre-expansion sp.
One good year of earnings here and I'm out. The volatility is soul destroying.
We can't help but speculate about sp movements, and the causes thereof but really, the only thing that will move the sp consistently north, is the realisation of throughput potential being realised. A solid period of uninterrupted production, minimal water/power outages, transferred onto the end of year balance sheet in hard numbers. If that happens and/or metals prices harden, sp rise is a mathematical certainty. Until then, us lifers have had enough of 'jam tomorrow' or 'double our capacity' promises. We need a **** ton of PGMs, copper and chrome taken to market and sold for an actual **** ton of money. We're all getting old, and so is the story.
Nice to get a recommendation, even if it is a Fool's recommendation. Though they cited an oversupply possibility in the metals JLP deals with as a reason for caution. All I've been reading for a while now is that copper stocks are dwindling and we should be heading into a supercycle. Which is it?
Hold for gold...or pgms. Or copper. Or cobalt. :)
Long term holder here.
I'm not the technical analysis type, as there's too many gaps in my understanding. I'm just wondering how, with the potential near term future earnings known, some broker estimates of our share price potential can be in the vicinity of 30p. If our p/e is 15-16 now, and a p/e of 8 is deemed reasonable (slp is under 6), it could be fair to say that our profits would have to quintuple to £100m to justify a sp of 30p. Is this fair, or are the gaps in my understanding wider than I'd feared?
I have first hand knowledge of Covid. I've been paralysed for ten months now, with long Covid. Just starting to be able to walk unaided again. I also know a fitness instructor, in perfect health, that died gasping for breath, in his mid-fities. People like Jeff, who admits to not finishing school, like to 'educate ' people, with their semi-literate confirmation bias bs they find on the internet. He should just stfu about his views on here. This is for rr talk. Clown
I agree gotreal. as the interviewer said, we're still inexplicably, and frustratingly, under the radar as far as the wider pool of potential investors are concerned. But we are also coming to the end of a phase of expansion, the results of which still to show on the balance sheet. Our unusual business model means that we can scale up, organically and without limits. The expertise we have and the piles of 'waste' waiting to be exploited at mines everywhere, means that only metal prices and demand are our only potential obstacles.
Good to hear Leon again.
The interviewer asked him if we could be looking at earnings of £100,000,000 next year onwards. I got the impression that Leon didn't want to confirm that, for obvious reasons of unforeseen circumstances, but he did sound optimistic.
Am I right in saying that, if we did, that figure, divided by 2.674 billion shares, X a p/e of 10, would give us a potential share price of 37.4p?
Or at a more modest 6.5 p/e, a sp of 24p?
...but like the bit about copper production set to nearly treble next year with all going to plan. I thought it was an really good RNS. Fingers crossed the market at large agrees. We're already up seven or so pc in the last couple of weeks. More please. I'm nearly breakeven.