Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Theres a lot of talk about RIO eyeing us up, however I'm curious if anybody knows of any other explorers/producers in Nicaragua with a similar or greater resource (assuming we use 1m oz as the benchmark). Appreciate there is scope for up to 5m oz but for now its around 1m oz and thats what any takeover valuation will be based on.
I'm trying to understand if we are a standout target in Nic or if we there are others that have an equally large resource with further potential that would also catch RIOs's eye.
Personally, I want to see production but a takeover within the next 12 months for a few multiples of todays price would need serious consideration.
Although production is still the riskier option (due to issues that can occur along the way), the value that can be attained once we are producing is mind blowing.
A takeover now at maybe £1 - £1.20 would be a cheap shot. Yes most would accept it but there genuinely is the possibilty here to multiply our market cap 5+ fold from here within 36-48months if all the ducks line up.
A placing to purchase more land, for studies and more importantly "place a deposit on a processing plant". This is a big one. We now have cash to see us through, yes is was dilutive but w are so undervalued there is still scope for a substantial SP re-rate.
If this were a placing for exploration or just to keep the lights on with no tangible end goal, I would be annoyed. Thanksfully thats not the case. Topped up at 40p
For the long term holders, we have never been so close to production. I'd rather the SP falls back now and consolidates before the next leg up. Will also shake out the weaker hands. Will be interesting to see where the SP is before this year is up. A finance package or toll mill could see us fly past the 60's.
As with anything, delays and black swan events can occur but the longer i have to wait, the bigger the reward i want. For me, its all or nothing, no top slicing until we are well clear of £1
Sparster, PM miners can really test your patience. As a holder of Condor for 10 years i know all too well. In those 10yrs, i spent about 95% time sitting on a loss, yet in the space of 2 months I'm up 100% and I believe it still has legs to go further.
I took a small position in SHG last week, hoping for that inevitable re-rate soon once the hedges are fulfilled and with new production due online. Assuming everything goes to plan (gold rising, Barrick deal, debt funding etc) and we are not diluted to death, the re-rate here will happen. Its inevitable. Just a case of patiently waiting till it does. A good management team can make all the difference in these types of situations.
We may see some small pullbacks, but just look at the charts previously. Especially in Jan 2016, this share can move fast, and this time around the move up is warranted. We have never been so close to producing or genuinely being taken over.
I would not be surprised to see this test £1 within the next 1-2 months.
Willowman, exactly what i thought. Thought I'd take a punt on it only to see its mcap was nearly 4-5 times condors.
I think i'll wait for production here! Land purchases should complete the puzzle and make us pretty much "shovel ready". Mind bogglingly undervalued
30% dilution if we retain 100% of the mine will significantly re-rate our share price in my opinion.
Sooner we can produce the better, lets milk the high gold price while we can, it'll offset the dilution to a degree
A reminder of the lifecycle of a miner:
http://www.usfunds.com/media/images/investor-alert/_2016/2016-08-05/COMM-lifecycle-of-a-mine-08042016-LG.png
Ignoring the timelines - no prizes for guessing where we are!
Nice to see a sustained rise, been a while since I've seen 40's here. Thers been a lot of false starts here, in Jan 2016 the SP went from 19p to 79p in 5 months.
This time around we have the permits, Randy, a tentative route to production (reports of 3500tpd is astonishing). All lining up nicely for us to get into production. With finance and a mill secured, the fireworks will begin, been a long 10yrs!
Game developers creating and taking the in-game ad tech in house?? If that's the case they may as well open up Codemasters stores around the world and sell directly to consumers to bag 100% of the income. Also cut out the like of Dentsu Aegis too, bag a few more quid!
We should be more concerned about competitors at this stage, especially if they get on board with a big player as that could swing momentum their way. We dont know what AAA games BIDS has secured yet in its quest for capturing the market share.
Still no tangible results. All discussions, potential and expectations. This is why the share price is where it is. Once we can show some real revenue alongside big games then we may see a re-rate.
Was very tempted to top up this morning but resisted. I'm not falling for this again, rather wait it out until cash has been raised.
Lets see how much of that 40% holds EL, i'll be happy if it holds half of that. I dont have the bottle to sell (with a view to get in lower) so its just a case of waiting it out till full production. Toll mining will give us a lift but I don't expect anywhere over £1 soon.
No surprises here. So much good news released and in the pipeline. 10 yrs (maybe 11 now), this share will not move until we have money rolling in or a offer on the table. Nothing else matters. Although not a like for like but comparing with HUM who are already producing and aiming for:
· 110,000-125,000ozs of gold production
· US$850-895/oz AISC
Yet they stand at approx 100m mcap. So yes we have 3x upside but only once we start churning out the gold, and that wont be for a while still.
I bought in on a punt, hoping to grab a quick 5% - 10%, after a week or so i too felt the same. Is the market soon to be too saturated, will newer tech take over. As a result i bailed out, must be a reason why the market is pricing it as it is. I mean, IHC is hardly under the radar, its name has been plastered all over news articles alongside the heavweights like Rolls Royce, BAE etc
I bailed out breakeven yesterday, good luck to those still in.
James response about the revenue target being hit was somewhat flaky. Appreciate he cant disclose much but doesnt really instill confidence.
I think i'll hold back on topping up until that inevitable fund raise is completed. The government has much bigger issues to focus on at present, Bidstack is the least of them, just ask a SXX holder! Interesting wording in the RNS too, more and more clues that they've got a relationship going with EA, hopefully that develops into a larger partnership.
Agree Roydon, but this thig can go lowwww. It was £4 only a few months ago, i bought then and sold at £4.50 a few weeks later.
Watching this like a hawk, with a eye on overall economic picture and copper price. Medium term should be safe barring a major market downturn