The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Don't anyone dare to complain or criticize. This is a well thought out plan by MB where he on purpose will make sure that we are so far behind that out neighbouring miner will say we can't wait for them and need to press on with spending tens of millions on infrastructure to mine and transport our graphite. When that has all been built, then and only then will MB pull out the rabbit from the hat and fast track our mine to production with the "imminent" financing that is due any day. This is what some posters on here have actually convinced themselves of. Just the thought makes you wonder. Fact is nothing material has happened here for almost 2 years and you have to ask why.
Had a feeling this was going to happen. Happened to EZJ so was bound to happen to WIZZ. Still a good long term buy but looks like it may fall further.
This is getting out of hand- I'll leave it for now. but @dantrader- what makes you think I would bother to be interested in how long you have been invested. You said why have I popped up and you can't recall a post I have made since you invested? I don't know how long you have been in this share and it doesnt matter. As for bringing up my previous posts, that just backs up what I have said, that I have done quite well on this share in the past, I am a LTH, I did buy in for the long term and am still holding and have averaged down. This is now getting toxic so if I have offended anyone I am sorry. But can people can stop bringing me up now and I'll stop posting.
For question number 2, if you need help checking someone's posting history, then I would suggest you get some IT help as I have got posts on ACP from as far back as 2017. As for question number 1, if you want me to answer it, I will later as that will take some time and I am a bit busy now with work
How I buy and sell shares is my own concern and if I feel the need to post it, then that's up to me too. But using that to suggest I'm trying to do the same here is clutching at straws. I be honest when I post, I don't lie and I dont attack others if they have a different view to me.
That was a one off day trade on a ftse listed company. There are other AIM companies, and if I wanted a day trade. If anyone thinks I'm here posting because I want quick buck, again there are plenty of other companies out there. And no way would I risk £10k on this. You know what, this is just getting out of hand. Let's just forget and see what happens.
I think I will leave it for now. What I was talking about was the bod's incompetence and lack of progress. It somehow for siderailed (pun intended), to all this talk of infrastructure and electricity. Let's just agree to disagree and forget it. But one last thing. I don't think anything I post will affect the sp as I don't think anyone else can either. People who say that are really insecure. Maybe I am just venting out my anger. I just want some progress. I don't mind holding these for the next 10 years. My average is low enough that without further dilution a macp of over £30m will make me a considerable amount of money so why would anyone think I am here to talk the price down. If that was the case, then why isn't the sp over 3p based on all the positive posts?
No what I said was based on the links provided
"The MOU lays the groundwork for a legally binding agreement for TAZARA to transport graphite produced by Black Rock to the Port of Dar es Salaam via existing railway sidings and rail lines.
The agreement specifies railway rights as well as freight haulage, and aims to provide cost-effective critical logistics requirements for Black Rock's anticipated activities at Mahenge. This includes rail transportation and access for graphite products, identifying the ideal operating regime for Black Rock's proposed operation, and providing secure storage facilities.
Black Rock chief executive John de Vries said that direct access to rail infrastructure would give the company a competitive advantage, allowing for lower costs and sustainable operations."
It looks like Blackrock will have exclusive use of the railways and for the electricity part, it does state on there that-
"Under the agreement, TANESCO will construct a new substation and a 220kV transmission line to the project site, which is expected to provide sufficient power for the entire project's needs."
Which again suggests that the power provided will be just for Blackrock not for anyone else. I like everyone else here would love it, if an rns came out tomorrow saying we have signed an agreement with x and will get a prepayment of y dollars and will commence building the mine in the next few months. But as I've said several times, there has been no development of any sort in the last year and more. Other than seeing what the weather is like and how much rainfall there is, what are we doing to progress this project?
The dangerous ones are those who look at everything with rose tinted glasses just because they have invested. It's all very well posting links to what other companies are doing. But the fact is that for the last 2 years nothing has happened for our graphite project. Not one single agreement regarding offtake or infrastructure has been announced. How can anyone say we are going to do this, that and the other when the facts are nothing significant has been done or announced for more than 18 months. I will only believe it when I hear it from an official source and that's when I will top up.
Some posters on here just get so agitated when they hear something that's going against there views, it's almost laughable.
I love it when people start calling you names just because you have a view that doesn't match theirs "you need to buy in now as this is going to go up to 5p in a few days" mentality. For the record I am a LTH and with an average of around 2p. I have got the funds to top up but this not the right time IMHO. This will fall further once the China export ban hype dies down. Fact is the current market is oversupplied. Just have a read on Syrah Resources latest announcements. They have got a tier 1 long life asset with one of the lowest costs for producing and they are currently mining at a reduced rate as they have no buyers for the full offtake they can produce. On top of this there are several other mines that are currently being built. It alls very well saying Graphite demand will go up massively in the next few years, but at the moment we are in a bear market with an seemingly incompetent bod
The problem is there has been no communication from the bod regarding using the infrastructure from blackrock. It has been over 2 years since they have said funding was imminent. Wouldn't it make more sense if you have someone next door building the same mine, to share the costs of building the infrastructure. This whole wait for them to build everything and then we will come asking use it, is looking at it with rose tinted glasses. There is a better change of ACP selling out to BKT for a few million and getting a small royalty for each tonne produced.
At the present this what everyone including myself is saying is pure guesswork, the only thing that is set in stone is that the bod have done anything of note in the last year which is almost criminal. Blackrock and Walkabout have actually managed to progress their projects and are close to building the mine whereas we are still looking at the weather FFS.
2 years ago, funding was imminent and production was due start in a matter of months. The last 2 annual/half year reports have literally been a copy and paste of the previous one. I get it that these things take time but what are the bod doing. Why haven't POSCO been contacted. Do you really think walkabout will spend millions developing infrastructure and then let a competitor use it, even if we offer to pay. They would rather keep it to themselves as the less graphite on the market, the higher the price they can potentially get.
There has been no significant increase in the sp of walkabout or blackrock's sp and even syrah resources fell yesterday although they are up today but this cannot even be compared to a producing company with the biggest mine outside of china. This may rise a bit but will eventually drift back if no news comes as is the norm here.
Feel sorry for those that got spiked at 0.2p. This is just a lifestyle company where AB gets a nice six figure salary for doing next to nothing. He is due to retire soon so has no interest in anything other than making sure he gets out with his million plus pension pot that he has obtained by screwing over investors. He has not got the ability to do anything., be it prove up a mineral resource, run a gold mine or run a aluminium smelter. And don't get me started on oil.
All he does is dangle a new carrot every few months whilst raking in a high 4 figure salary each month.
EasyJet could win the euromillions jackpot and we would still see a 5% drop on the news. I don't get it. There is minimal debt and and extremely profitable airline. The new planes are not going to come for another 3 years at least by which time the oldest planes will be close to 20 yrs old so will be due for replacement. This current market baffles me. I took part in the rights issue so current average is around £5.75. Am waiting for the right time top up. But just don't know when as the market is bonkers. Yesterday should have been top up time but it was brown stuff in pants time instead.
That chunk I brought yesterday was actually £10k worth and I've managed to make a few hundred on that. The plan was to day trade and not be greedy. Still have my initially but at around £2 that I brought in 2021 so I've still got something here..it's just something doest feel right across the whole market. EZJ gave news yesterday that should have doubled the price yet it dropped. Good luck to everyone else. I just couldnt put too much into one company.
I'm not sure how you got to the value of £1.6bn, the current mcap is around £380m so that would give a p/e of less than 4 based on your projected profit. Let's see what tomorrow brings. There are no mm games going on as many here often suggest. Hopefully today all those who wanted out, have done so and tomorrow we get a bit of a lift. Can't see any new shorts opening at this price, more likely they will close which will add to the increase. I'm predicting a 10-15% rise tomorrow.
"We have a strong pipeline of bidding opportunities over the next 18 months, worth circa $700m predominantly in the asset-light Transit & Shuttle businesses. In addition, we continue to see expansion bid opportunities in markets where we have existing Transit & Shuttle infrastructure, such as Los Angeles, Austin and Boston.
Our Shuttle business is well positioned to work with fast-growing corporations, who are seeking to attract the best talent and are providing private transport where public services do not exist or are not practical (due to restrictions on parking or high levels of congestion). We can share drivers, vehicles, maintenance staff and administrative costs in locations we own in our business, to capitalise on future opportunities, by maximising efficiencies and synergies. We have already successfully implemented this in Transit & Shuttle locations in Boston and Chicago.
Having restructured and combined our Transit & Shuttle activities in 2022 to bring them under a single management team, we see potential for future synergies; these include operating from combined depots and leveraging our digital customer management platform to identify opportunities across our combined customer base, as well as adopting common processes to drive key strategic outcomes (such as on-time performance and recruitment/retention)."
This is from last year's annual report. Let the school business go. As long as they keep the shuttle and transit part and keep it growing along with ALSA, the it's not all doom and gloom.
Like most here the rns has come as a shock as well as the drop in share price. But one needs to step back and look at the bigger picture. Just ALSA alone is worth more than the current mcap. Secondly just the NA school bus business is looking to be sold. The shuttle and transit business is being kept which according to today's news is doing rather well with new contracts won.
I can see this recovering back to 75-80p in the next few days but then again it could drop further. I've brought another chunk today at 61p. If it drops more then I'll buy some more. For me this is a no brainer baring the inept boardm
On a more serious note, I think this is now one of those shares where you hopefully average down at the right price, wait for the subsequent spike and then get the hell out. I've lost my faith here. There are too many questions such as why have the bod not being in contact with POSCO yet considering POSCO have made a deal with and provided millions for a neighbouring mine.