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Some big trades that could be to do with the granting of options or anything else. A constant stream of buys following. These are the trades:-
15.01.21 11:36:50 112.61 GBX 800,000 900,904.00 Off-Book PRIC LRGS AIMX
15.01.21 11:38:01 112.61 GBX 1,700,000 1,914,421.00 Off-Book PRIC AIMX
15.01.21 11:32:38 112.61 GBX 2,000,000 2,252,260.00 Off-Book - AIMX
15.01.21 11:26:14 112.50 GBX 4,846,263 5,452,045.88 Off-Book - AIMX
Hi Skop. No idea. Can only speculate. Often, I believe, such sales are often related to divorce but can be house purchase for themselves or children or anything else really. I suspect you know more than me really.
Thank you ashikshetty. That implies p/es of 6.5x for 2021 and 4.9x for 2022. This ignores the cash on hand which (or debt) I use to adjust the p/e which will be impacted by the capital spend which is a positive.
Very hard to give advice without knowing specifics and personal circumstances. Whilst Skop will have better analysis I'm forecasting PBT of c. $49m in the first year of 1.5m tonnes production at current prices. This could be much higher as I've factored in a lot of costs associated with new licences and areas of operation. This would give a p/e of 3.0x
It's not hard to see a SP above 200p in 2021 and 350p in 2022. FWIW I have a very disproportiate amount invested in GFM and will be buying more.
DYOR.
No it isn’t but it implies that the reason for the delay isn’t due to something GFM has or hasn’t done and the Chinese authorities aren’t looking negatively at GFM. I’m looking forward to updating my 2021 forecast and reading Skop’s take on the RNS.
As always making predictions is a fool's game so call me a fool here's my guess.
If production (with fingers crossed gold has been mined at previous quantities) has been the same as H2 2019 in Q3 then Q3 will have been:-
Revenue $26.1m
Gross Profit $14.7m
Net Profit $9.5m
EPS 3.4c
p/e 6.7x
A lot of ifs and guesses.