RE: Newbie20 Jul 2020 13:19
Jamesslack, in a nutshell, this mining company is up for sale and there are at least two undisclosed interested parties. The main mineral in the ground is Palladium, used in the manufacture of EV car batteries. Based on the known value of palladium and other deposits in the ground, the share is possibly, almost certainly worth multiples of the current share price of 18 to 20p. Conservative valuation in a range of 50p to 80p but many knowlegeable people here who have been in this share for ages calculate (and I can't argue with their calculations) that the company is worth around £1.70 a share. I'm in only since last Jan. Be careful; this is a bulletin board and the share is quoted on AIM which is normally associated with volatility. I'm sitting on around 400% profit but I'm staying because I am convinced it is going to multiply from here. I could be wrong. Do your own research and all above is just my opinion. Take care.