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And for the record, they haven't said no to 30 projects: "To date we have reviewed well over 30 projects that have met these criteria and we are currently carrying out preliminary due diligence reviews on several of them." It costs money to be set up on the main market, the BOD itself is worth something and they have £1m+ in cash, it has been 7 months+ since the last RNS, I reckon a deal is in the making and we will hear from the board very soon about it. @ £1.4m. Mcap, this won't be dropping much lower either way...
Deal to be announced are rumours atm and the yearly accounts were filed in August last year, I expect them to be filed again in July/August... The BoD here are no mugs, whatever deal will be taken should be a good one :-)
Well either way, those tiny buys at 3.5 (one of them was mine) should be the bottom for this one!
Before the results imo as this is now oversold. Am expecting a couple of blue days mixed with some Neutral ones prior to the results probably Friday or Monday next week imo... UK won't exit and this really will fly! GLA
Both are main market listed with a tiny market cap but ACO has £1.2m. in cash and a deal to be announced soon. Very little shares in free float, this will bag within the next 30 days imo!
Sure, they all "work" during Ramadan... cough, cough
How is a company repaying a debt by buying stocks on the open market 4unme?
$9.5m in CASH in the bank, 2 more plots worth at least $12m. About to be sold anytime, a potential special divi payback + a 10% stake that is worth another few $m. And yet the mcap is $7m!!! Ever thought about printing money or exchanging £20's for £50's? Well, that's as close as you are ever going to get! Buy, hold, double or triple your money within a year tops imo! PS: this isn't a mining company with potential huge assests than may never make it out of the ground. This is a total no brainer!
Is pretty irrelevant in this share, as the 2 other plots will be sold eventually, when they do, the sp will rise more dramatically still, the share could also be converted to trade in £ which would help and if money is redistributed after the sale(s), the divi alone should cover a big chunk of one's holding, so one to hold for the long term, just don't pay too much attention to the sp and top up if it goes lower... No brainer. The only caveate I would add is to impose a personal limit seeing as the share is quite illiquid, I have one and will only be topping up up to it, if I had millions to invest, I would certainly be buying up more of the shares and building a larger position though.
Sorry, meant to say "75% discount to NAV" depending on what value you attribute to Bekon, so at least 65% discount... Will wait for the uodated RNS, this will now be on a few more people's watch list and it seems like LSE has finally fiaxed the missleading mcap issue as well. If only TJI could make this a GBP traded stock and sell those 2 other plots of land now! :-)
Agreed Peer, Did you Email them? How did you find the email address btw? They should def. change to a £ listing and we should try and put more pressure on LSE to have them included in the risers and fallers. Btw, at 75% of NAV, this is still an incredible bargain and we will get more updates soon which should cause the SP to keep rerating over the next few months still imo
Yep, this isn't flying as expected but valued at cash price atm so clearly very undervalued still, I am holding, the SP will double eventually. The fact that it is hard to trade and doesn't make it on high risers list means it is keeping most day traders away so less spikes. Might rise more slowly than other stocks over the next few days and as and when an update comes imo
With iii - can even add it to your ISA with iii!
Great question PJ. Before I answer, let me just add that the SP was at one point just 0.03! and some had spotted it already back then at that low price... Well done to them, the no doubt have a talent! So my first Q. was, why has management not bought back shares themselves? but that can sometime happen, not unheard of and it seems that management in this case was simply not bothered. To answer your question, the plot sale will have now validated anything anyone may have had doubts over, and let's not forget that pretty much nothing happened for a very long time, and we all know what happens to the SP when nothing happens on the AIM... Now that plot 1 is sold, it is widely believed the other 2 will follow soon... and then there is that 10% stake in Bekon, perhaps worth another $5 to $15m. I am now reading?
True Mcap should be at 1.00+ land + cash in bank (TJI is debt free) is circa $22.5m. but the other 2 plots could be sold at slightly more imo. Anyone know what the 10% stake could be worth as well?
Upwards of 0.50 imv
You can trade online and in your ISA via iii
NPV of £1.5bn. increased div. potential new mine and increasingly cheaper methods and more efficient methods of prod. this is a screaming buy imo! News on Mothae will drive this upwards and 150 will be tested on rumour, 200 will be broken on news imo...
I'd have to sell all of my holdings in 88e to help PI's get close to a 10% stake! Not sure I am ready to do that yet but I like the idea Peer! :-) Btw draft, I still see $346m. as a market cap. No idea why it shows different things to different users... Have a great week-end all!
Still massively undervalued imo, if the get Mothae, this will rerate big time! Let's not forget that GemD is part of the recently formed Diamond producers associations along with the big boys in the diamond world (Rio Tinto, De Beers, Lucara Diam. Corp., Alrosa, Dominion & Petra) http://www.riotinto.com/ourcommitment/features-2932_15218.aspx This gives them a say and a seat with with elite. This should be a £400m. Mcap company and with diamond prices rising again and a buy on the horizon (Mothae which is JUST next to Letseng!), the market will take notice. IMV