From beyond.....25 Jun 2018 12:00
I LIKE a lot of things in the last RNS (revenue, potential margins, Odeys paying full whack) but really like:
SPMP is expecting to receive initial revenues from the sale of products produced in the commissioning phase during Q3 2018
So by TSTR standards I am going 29th September (hahahaaaaa).
Now UAMY is ploughing on. At year high and MCap at US$ 38.88M
Corporate Gross Revenue in 2017 = $10,229,978
So MCap near 4 x revenue. Let’s look at TSTR in comparison. Appreciate the neah sayers will say “can’t do that”.. But what closer comparison could you have?
RNS of 22 June:
At full capacity, based on the indicative revenues of $245 million. TSTR 40% so = $98 mil.
3.8 x $98,000,000 = $371,691,903
Convert to £ = £280,264,987
Number of shares = 94,097,142
So per share that is £2.98 per share.
That’s where we should be once in full production IMHO. And if you look back I think that is where I always said it should be (in old money .88).
I don’t think anyone can deny if Odeys paying .43p a share they believe it is worth many multiples of that.
I also have no doubt real rerate comes on first production and first sale.
From a happy place way way beyond, maybe that 2007 Zafira will be coming my way in 2019!!