Member Info for TigerByTheTail

Have you ever done the maths of how much money this company has raised from private investors over the years and compared it to the current mcap? The BoD here has a track record of massive shareholder investment destruction.

BKY's share price is now what I call "flammable". Now Salamanca is largely derisked as a mine project, all BKY's share price needs is the slightest lift in uranium spot prices and it will soar. Hopefully, Kazatom's new trading arm can bring some order to the chaotic uranium spot market in the next few months and set BKY's SP alight. A few more Japanese reactors coming back online won't hurt, either.

Just looking in on this bulletin board. I think you seriously underestimate the damage that the last equity raise has done to the company.

Potential share dilution not frightening in the least. How else did you think the mine would get built and money would be made I actually feared the dilution would be substantially worse than this!

Well, in my eyes it's a great deal - a true "win-win" for both parties. To sell up to 37% of the company for $120m is fantastic given our current mcap. Above all else, this deal hugely derisks the project and more or less guarantees the mine will be built. I expect significant re-rating of SP as market absorbs news.

Can I ask a question of this board? I read Tom Winnifrith's rampy articles for this share, but mostly ignore what he says. (As a tipster, his "sells" are not to be ignored, but his "buys" are much less reliable). However, there is one thing that puzzles me - do Optibiotix's products have any firm science behind them? Do they make medically founded claims? Or are the claims about "the extended human biome" and so forth really no more than a (possibly lucrative) marketing hook? Answers gratefully received!

Please don't compare AAU to HUM - they are two very different companies run by two very different management teams. All they have in common is that they are both gold miners. I think you'd do well to approach AAU's public statements with a great deal more skepticism, if not outright disbelief. There will be more share placings here before this company is profitable - if indeed it ever is.

I hold BKY and Nexgen (TSX:NGE). Nexgen (i.e. The Arrow deposit) has wonderful potential, but I would say the share is fully priced at the moment, so I'd advise waiting and watching for a dip before buying. I'm not a believer in many of the existing producers (like Cameco); I believe their high costs of existing production will weigh them down for years to come. As always in mining, the money is to be made by investing in those producers like BKY and NGE who have / will have lowest quartile cost of production.

I have to disagree. AAU is still what it always way - an AIM lifestyle company run to fund its BOD's lifestyles, not a serious attempt to create a profitable gold mining company. It doesn't deserve to be mentioned in the same breath as reputable gold juniors like Hummingbird. I find it highly unlikely any institutional investors / ETF's would touch this stock. It's not undervalued right now; rather, the market has it about right.

It's impossible to calculate the potential profits from Red Rabbit based on the very limited information that Ariana have released publicly; I know, I've tried. I suspect - but no more than that - that they may be much more disappointing than most investors on this thread expect. The resource is very small, costs are high, and we don't know the full details of the income waterfall. Even at this low share price (and speaking as a gold bug) I can't find any reason to trust the BoD with my money.

Sometimes I think that I should buy some shares of Cameco, just because they are the largest listed uranium miner and the uranium price is only going one way long term. But then I remember that the company keeps missing production targets and forecasts, and that its raw cost of production is high, and that it has got a huge unresolved tax case, and that generally it is not a well-run outfit, and so I drop the idea. I don't think Cameco will go bust, but I don't think it will ever thrive, either.

Holders of shares in this company may wish to look at the Kenv (Kennedy Ventures) bulletin board. It's another Giles Clarke company, and let's just say that recent events there should make any sensible holder of Ironveld shares think very very hard about selling up and getting out whilst the going is still good. If you can't trust the board of directors with your money, what's the point of hanging around?

I read this board and note the confusion of the shareholders about the actual finances of the company, and the terms of the Red Rabbit joint venture. It seems to me that shareholders here need to understand one simple thing: you are not meant to understand the true financial position of the company or the true terms of the deal. That is why information about them is so limited, opaque, and sometimes deliberately misleading. From all I know, I don't think that Kerim Senner is seriously trying to build a profitable gold producing company; I think he is trying to finance his lifestyle at shareholder expense. This is why I consider AAU the strongest possible sell.

I think it's clear how this story ends now - with full nationalisation of the mines by Tanzania "in lieu of unpaid tax bill". They'll ignore the results of any international arbitration, obviously. Honestly, Acacia should probably stop throwing good money after bad and pull out of the country immediately, whilst they still have enough cash to develop a new mine in Kenya. But I'm not sure that they will. I know the share price is down two-thirds from its peak, but IMHO it's still got further to fall.

There is no real evidence of wrongdoing by Acacia. But this isn't a question of right and wrong. It's a question of strength. And the President of Tanzania is stronger than Acacia.

Again, look at the company website and presentations, and also the broker analyses. There are links to the broker reports on the company website. (Sorry, but it's tedious to type it all out here). If all does indeed go to plan, the mine will be almost ridiculously profitable.

Look at the company's own calculations and the broker reports - there are links to them on the company's website. It's all there and it checks out. Happy reading!

If you accept the consensus view amongst analysts that U3O8 will be in deficit by 2020, and that spot prices will hit $60 (or even $80) / lb by 2021, and given that the mine is built on time and on budget and hits production targets, etc., then five pounds per share is reasonable. Remember also that the company is still prospecting for new Zona 7 style deposits, so that also provides upside.

I know that UK retail is a deeply unfashionable market sector right now, but this share is simply too cheap for what it is. The company has just announced record profits and the P/E ratio is what, about 8? It's paying a 4% yield with a 3x dividend cover; how many companies can do that? In the end, fundamentals must out.

Always good to see a Chairman buying shares in his company. I reckon he's picked the bottom of the SP slump nicely, as well.