focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.
Using Times Revenue model, I believe the company valuation could be 4x$325m=$1,300m
Divide that by 16,900m shares and you get to circa $0.077per share, or 7.7c which equates to 6.5p per share.
That’s x16 from where it sits now.
Someone correct me if I’m wrong.
https://www.thearmchairtrader.com/gold-investing-isa-royal-mint/
https://youtu.be/ZbZSe6N_BXs
Enough said!
https://twitter.com/kazeraglobalinv/status/1614999061890752513?s=46&t=xzXKb-pdmWMnaudYJAkfig
?????????? ?????????????? ?????????? - ????????????????
- @KazeraGlobalInv started mining the Walviskop #HMS deposits in late 2022
- Ilmenite is a grey coloured, magnetic mineral sand used to produce commercial titanium oxide ores.
#KZG #Ilmenite #HMS
buff.ly/3IIwiMP
And interestingly enough, my top up this morning after the initial pull back from the opening spike, is showing as a sell. I did think I was getting a good price!
But it just goes to show that you cannot trust the blue vs red trades as they are not accurate at all.
Which folks have set sellsa at 0.30p?
I certianly haven't!
@steven49 you always sound like you need a hug. Hopefully you have a loving partner or a companion dog to keep you in good spirits. There, there, it will all be ok....
They did not need to but companies do miss deadlines, either through inefficiency or as you say McQUeen, for nefarious reasons.
The link to the rule:
https://www.iasplus.com/en-gb/news/2022/03/fca-and-aim-end-deadline-relaxations
Could be they got caught with their trousers down and through laziness/inefficency did not compile the accounts on time (like last year) without realising that the rules had chaged and they now must suspend.
I sincerely hope this is the case, but on AIM Ive learnt on AIM to expect the unexpceted so McQueen you could be right, but I'm giving them the benefit of the doubt and have no choice now but to sit it out. What I do know though is that money is coming in while it is suspended.
We may get a pleasant surprise when the suspension gets lifted.
Just reread the RNS of 29th Dec…
Hopefully and finally our patience as LTHs will be rewarded.
Looking forward to the first production update RNS in 2023:
Operational and Financial Highlights
· Acquisition and refurbishment of Rustenburg smelter, funded by a £4.5 million Placing post Period end, will enable Ironveld to mine and process ore for the first time;
· Mining activities commenced December 2022; and
· First furnace close to production at Rustenburg smelter.
Outlook
· 2023 expected to see production and sales increase rapidly as the smelter moves to full capacity production.
Every company has to issue risk statements.
Of course they need more funds for expansion.
But where those finds come from is not defined.
Could be from cash flow:
"With the Company seeing increasing production from the smelter during the first half of 2023 the outlook is extremely positive".
" In addition the Company expects to rapidly increase production and revenues as all three furnaces at the smelter reach full production in the first half of 2023, which will see the business operating on a positive cash flow basis."
Could be from Grosvenor:
"The Directors have received reasonable assurances that progress is being made between Grosvenor and its potential funders and is hopeful that an investment by Grosvenor will be completed early in 2023.
Could be from a raise.
Who knows. But to pull out one line is a bit disingenious.