Member Info for theAccountant

Hi Shaa.

I know they are market markets but please can you provide an overview of what the below means:

0.24 500,000 JBER 12:29
0.26 500,000 CFEP 12:12
0.26 500,000 FCAP 12:14
0.26 500,000 SCAP 12:18
0.26 500,000 WINS 11:08
0.27 500,000 PEEL 12:36
0.3 500,000 STFL 08:00

Hi @ivornomoney,

I don’t necessarily like to predict a share price. My investment strategy is to do the research, believe in the fundamentals and then rebase my strategy on each RNS. Working in a corporate world, there can be delays which are sometimes not appreciated by the market. I’d like to think the price will be much higher than it is today that’s for sure. However, there are many unknowns to take into account with this i.e market sentiment, nickel price, economy, unknown costs, demand for nickel and steel, Elon’s tweets, director buys, pandemic, etc. Hopefully you get the drift. One thing is for sure, we are sitting on a whole lot of nickel and steel! The post-tax net present value is US$401mln with an internal rate of return of 20.1%. Our market cap is much lower than this at the moment and this is due to funding and waiting for production to start. Furthermore, it also helps that we have a solid, experience and PROFESSIONAL management team with timely and concise updates. This is a good sign of a solid company and I emphasise the word, professional.

Absolutely agree with your point around investing in Brazil. It’s known to be mineral rich with other metals and projects undertaken by other companies. It’s a win win for all.

As an indicator for price, I invested a considerable amount in OMI over the weekend which is currently drilling for gold in Columbia. Let’s see how that gets a rerating on the next news as I always believe looking at similar mining companies give you a good comparison on market sentiment. Although, I’d like to think we follow in the footsteps of GGP and EUA.

HZM is my main investment and excited to see what the next year brings.

I hope the above was useful.

Ps - having worked in M&A, there are many ways to value a mining company. Please see the following link

https://corporatefinanceinstitute.com/resources/knowledge/valuation/mining-asset-valuation-techniques/

@Ivornomoney - hi.

Yep I’m a chartered accountant. Well to be honest, my guess would be as good as any but we will surely be derisked in terms of funding. We will have debt but of course that will be offset by the discounted cash flows so we will easily pay debt off. I’m hoping that we meet Peel Hunt’s 14p target as a floor then see what position the economy is in at the time of funding.

One thing is for sure, we are MASSIVELY undervalued at the moment based on our two key assets.

I’m topping up when I can as I’m excited to be on this adventure.

Good luck all.

Bodes well for HZM in the future.

https://www.barrons.com/articles/ev-stock-quantumscape-rocketed-doesnt-seem-to-make-sense-51608591705

Hoping to buy more HZM shares on the dips.

Thanks - do we know the exact locations of the 2 drills currently taking place?

Hi chaps - I was reading the December 2020 report last night (bed time reading!). I have bought in OMI this morning, will buy more if it dips and happy if it increases.

For those who are more experienced in the mining sector, can someone provide an explanation (for dummies) to me of the breakdown of the table on Page 8 in the attached report. It is regarding thick and high grade of gold. I believe all the Map-X with X being the different drilling locations.

https://www.orosur.ca/files/Turner-Pope-Investment-Presentation_December-2020.pdf

Thanks.

Hi folks, read about RMM on other forums and will research into it later for potentially buying in big tomorrow.

Can someone provide a quick summary of what news we are expecting and especially on why the price has declined so much to new lows. A quick summary would be great.

Thanks in advance

@Johnbarton - I doubt that but I think it will.

Given how much effort COPL and Essar have put into OPL226, they won't stop now at the final hurdle. Furthermore, Essar being a massive conglomerate, they have a big bargaining power behind them so it is not all in COPL's control (which helps as we are minnows compared to Essar).

I guess you're asking because of COPL.

PS - great news for them this morning and still awaiting news on the OPL226 licence next month.

What an RNS. Let’s hope this is a platform for a rocket launch this morning!

Good luck all!

Thanks MrsBirt aka fellow Accountant (it's a small world).

I assume the start time is 10am Canadian time.

Hi folks, it’s been a while since I have checked in here. I’m conscious we have the AGM on Thursday. Any advice on how I can join would be much appreciated.

Hi folks - I am thinking of investing in OMI. I've had a quick look at the latest Investor Presentation, it looks good but how confident are you about OMI hitting the jackpot with the drilling results?!

Cheers!

And in response to your point @GliUlivi - why on earth did they discount it by so much???

I wasn't in this share at that time but if does baffle me!!

As a chartered accountant, I’ve worked in M&A so have performed due diligence using many technical accounting methods. Hence in my post, I stated ‘obvious’. It’s a very high indication of the company valuation also known as the ‘times revenue method’. This is not the platform to perform any technical analysis using P/E or DCF so I summed it up in one post. However I do agree with you, there are many methods to value a company.

Ps - I am long too.

As an accountant and for those conducting their research, the most obvious aspect of this company being undervalued is that the current market cap is less than their expected revenue. This is a no brainer in terms of valuing the company and market makers are playing their games. Additionally, this company is profitable.

I’ve been away from this share recently - what’s Streadex and why the dislike towards to them?

Ps - good rise over the last few weeks

Hi folks - who do you think will be attending or is required to attend the meeting in Nigeria? Surely Art's presence is not mandatory and it will primarily be representatives from Essar?

Thoughts welcome.

Perfect, thanks!

I have trust in the man who is slowly building this company to be a major pharma player. Rome wasn't built in a day and as Warren Buffet once quoted 'The stock market is a device to transfer money from the impatient to the patient'.

Good luck HEMOers!

Can someone post the link to Vlad's actual tweet referencing the shorters?

Thanks