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Last working day today. People finishing work maybe ploughing spare cash in this afternoon on their early finish?
I agree. However, regardless of assets in the ground - its all about how much profit is left after pulling them out of the ground and how feasible it is for the company to do so. Not saying this is a bad investment - but I think only time will tell to show this company's "true value". Hoping to see some real movement here in the not too distant future.
Definitely looking to hold at least until end of summer. With any luck the pubs will be fully reopened in time for August bank holiday and the papers will be splashed with "Pubs take biggest bank holiday taking for 20 years" which will push this up to the £1 mark if not back to the £1.30+ point. Also I am hoping we will get dividends reinstated for the end of the year. Providing we don't see a COVID relapse in late Oct/early Nov like with the Spanish Flu (hot summer and mild winter would help keep that away).
Was nice to see a lot of short-term holders dropping out giving it a nice upwards pressure today. I think we'll see a few repeats of that at 70p and 80p before a gentle slope up to the £1 mark in a couple of months time.
All imo.
New here. I mainly focus on Gold mining and sometimes in battery mining (Li, etc.). Saw this come up on T212 (not the best broker, but its free so why not). Did a bit of research and looks promising (especially at this price). Some points I took away:
- Quite a pile of debt, however this seems to be mainly CAPEX which is obviously important for BTC mining (more equipment = more production). So I wasn't too worried about that.
- Seemingly experienced leadership (CTO, etc.)
- Production ramping up through 2019 heading in a good direction
All of that seemed really promising to me on top of the prediction for BTC value increasing massively in the coming months (despite the current price suppression) - I'm in.
Last time someone tried to move a valuable commodity trade from USD, we had a war in Iraq haha (EUR market for oil). Can't imagine the US will be happy about a BTC market for Gold!
Liking the comment earlier of this turning into a multiple £ SP rather than high pennies! These other prospects could realise that if they get proved up.
I've been excited about BH for a while myself now. Just waiting with bated breath for drilling to start! As well as Scally.
I heard if you take a rig up to the North Sea you can get some there?
So I've got a small holding in PMO and I have done some research. Seen the debt repayment delay has almost been sorted now for the BP site acquisitions which is good. The oil prices should recover towards 2021, but I am concerned PMO might only just break even or report another loss to add to the ever-mounting debt (currently at £1.9bn?)
Now I understand debt is a natural part of business in many respects, but how do you feel about that? Debt to capital is at about 71% and much lower than the over 200% in 2018. Also, do you think PMO will ever recover to its height of over £3 in 2014? I am sure we should see £1 again later this year, but obviously would hold on if we see promising shifts higher than that. My plan at the moment is to exit at about 80 - 85p.
Just seen those tables. Definitely gold down there. Trails off below 1g/t below 600 seemingly. But that's still a lot of gold and I'd say your 2g/t overall is fairly accurate based on the higher grades near the surface. Great calcs.
Unfortunately if we sell to NCM we won't see the higher end of those estimated share prices I'd wager. Fair value at the moment is 12p based on them calcs.
Where did you get $200/oz from? That seems a bit of a low margin. Not saying it's wrong but I was hoping for a bit higher.
I saw they'd found mineralisation at 1000m, no confirmation of gold or what grade yet. Hoping there is gold down in those deep parts and the grade is as high as it is up to 600m!
The report is a few weeks behind plus they might not have the analyses back from the other holes yet.
To add to my previous calculations:
7,000,000oz X 0.3 (30%) = 2,100,000
2,100,000oz X $1500 = $3,150,000,000
$3,150,000,000 / 3,655,000,000 shares
$0.86/share = 69p
Obviously that's not profit. It's too late at night for that so I'll let someone else have a go! I think a fair price for Hav based on that is about 20p. Of course, we need to wait for the final MRE as I think they still haven't got the final size yet. Plus the grade is better than 2g/t now. This report is a few weeks behind.
Invest - some calcs done by Tom_The_Bomb earlier today
500m x 200m x 600m = 60,000,000 cubic metres
60,000,000 x 3 = 180,000,000 of ore
180,000,000 x 2g/t / 31.1 = 11,575,562 oz
Using those figures we get:
400 X 150 X 600 = 36,000,000
36,000,000 X 3 = 108,000,000 of ore
108,000,000 X 2g/t /31.1 = 6,945,338oz
However, those grades are looking a lot better than 2g/t. Plus this is behind so we might be looking at an area larger than the one stated!
I'm in the good ol' town of Wrecsam, North Wales. Small world. Might have to rename this site as "Wales & North West" soon!
Makes sense actually Kabaa. Just checked. On 10/03 at 2246GMT it was actually 11/03 at 0946 in Sydney. So if we expect a similar release time it will be closer to 1am here as they are now 9hours ahead as opposed to 11hours.
Doh! Apple and Joe are right. I got a notification saying "Friday 1st is May Day so all European Exchanges are closed." Opened the notification and it says underneath "With the exception of the LSE"! As you were...
NUMIS revised price should definitely be before Friday as the market is shut! I don't know if I can handle waiting for Monday to see where we end up!
FYI: The "March 2020 Interim Exploration and Guidance Report" was released on 11th March (AEST). That document was actually published at 10/03 2246GMT (little bit of technical know-how and it wasn't hard to find). So if we expect a similar release time, that will be around midnight tonight. Of course, not saying that is when it will be released, but around then.
I know this question has been asked a dozen times by now - but what time is the report due out? I saw some saying 10pm onward? AEST is about 9hrs ahead so 10pm would be 7am over there - surely it wouldn't be until at least 9am?