RRR Investor presentation from a couple of days ago seems quite optimistic of a further Summer dividend from JMS in which case I expect RRR to try to take action to get their share price to reflect the real underlying value of assets. They may announce their own special dividend or start buying back their shares. Stock far too cheap. Mkt Cap c.£3m See-thru asset value c.£12m
-
Contact the PP Team
Buying shares?
- Thread starter DeadlyVenom
- Start date
FlickedOffHips
Tape Ball Captain
- Joined
- Apr 21, 2015
- Runs
- 1,004
Very interesting. This looks like a good long term punt. Thanks for talking about this, I had no idea about Graphene.
yup clowns
TRK CPX
Six car technologies that will help you go the extra mile
http://www.scmp.com/business/article/2085753/six-car-technologies-will-help-you-go-extra-mile
TRK CPX
Six car technologies that will help you go the extra mile
http://www.scmp.com/business/article/2085753/six-car-technologies-will-help-you-go-extra-mile
Last edited:
Where's the Trump reflation ?
http://www.theaustralian.com.au/bus...e/news-story/77c027345f505bc1a6c81795bba48c31
The Australian 9:02AM April 13, 2017
Iron ore has slumped below $US70 a tonne for the first time since November 7 as it extended a losing streak to five days.
In the latest session, iron ore for immediate delivery to the Port of Tianjin in China tumbled 6.3 per cent to $US67.90 a tonne, from $US72.50 in the prior session, according to the Steel Index.
Another closely watched price source — Metal Bulletin — plunged 8.5 per cent to $US68.04, with the heaviest drop in a year taking it to the lowest mark since November 8.
The five-month trough comes just prior to the release of the federal budget, with Treasury watching the key export closely as it prepares to detail its latest forecasts.
As it stands, the budget would have received a boost from the commodity’s recent ascent to a multi-year peak of $US94.50 a tonne as expectations had been for readings through the first-half of calendar 2017 in the range of $US55 to $US60 a tonne.
http://www.theaustralian.com.au/bus...e/news-story/77c027345f505bc1a6c81795bba48c31
The Australian 9:02AM April 13, 2017
Iron ore has slumped below $US70 a tonne for the first time since November 7 as it extended a losing streak to five days.
In the latest session, iron ore for immediate delivery to the Port of Tianjin in China tumbled 6.3 per cent to $US67.90 a tonne, from $US72.50 in the prior session, according to the Steel Index.
Another closely watched price source — Metal Bulletin — plunged 8.5 per cent to $US68.04, with the heaviest drop in a year taking it to the lowest mark since November 8.
The five-month trough comes just prior to the release of the federal budget, with Treasury watching the key export closely as it prepares to detail its latest forecasts.
As it stands, the budget would have received a boost from the commodity’s recent ascent to a multi-year peak of $US94.50 a tonne as expectations had been for readings through the first-half of calendar 2017 in the range of $US55 to $US60 a tonne.
VRS - on their website they indicate there will be an Investor Day at their Cambridge facility on May 8th
However they have not announced this to the wider market. I can only assume they are only hosting Institutional Investors.
http://www.versarien.com/media-centre/events-calendar/
Other than that things really seem to be hotting up in terms of commercialisation plans. Richard Branson sent a letter to the Daily Telegraph recently urging Aircraft manufacturers to use graphene and highlighted how he had been instrumental in encouraging them to use carbon fibre when that first came on the scene. It's good graphene is getting such high level Board level advocacy.
However they have not announced this to the wider market. I can only assume they are only hosting Institutional Investors.
http://www.versarien.com/media-centre/events-calendar/
Other than that things really seem to be hotting up in terms of commercialisation plans. Richard Branson sent a letter to the Daily Telegraph recently urging Aircraft manufacturers to use graphene and highlighted how he had been instrumental in encouraging them to use carbon fibre when that first came on the scene. It's good graphene is getting such high level Board level advocacy.
jaspa888
Local Club Star
- Joined
- Aug 1, 2007
- Runs
- 1,984
Some mainstream coverage of s28's favourite material...
http://www.dailymail.co.uk/money/in...ne-Material-cure-cancer-purify-sea-water.html
http://www.dailymail.co.uk/money/in...ne-Material-cure-cancer-purify-sea-water.html
Thanks as with dot com bubble expect this will be a major multi-year investment theme and will be faced with plenty of scepticism by many in early years and eventually a huge bubble as people finally wake up to it. Dot com was aided by some serious financial crises in the run up (LTCM/Asian crisis) which led to huge increase in liquidity which supercharged that bubble. Given huge problems worldwide and lack of available policy measures expect serious volatility going forward.
Dead cat bounce today but they were clearly clueless what was going on so not satisfied they will have their arms around all the problems for a while. Best not to catch falling knife. I'd want to see some definitive report from auditor and some transparency on debt covenants as a failure to service that or breaking any ratio condition could endanger whole company.
Versarien plc (AIM:VRS), the advanced materials group, is pleased to announce that it will be hosting a site visit for potential investors and shareholders at its recently acquired Cambridge Graphene Ltd facility, at the Cambridge Graphene Centre, in Cambridge, on 8 May 2017.
There will be two sessions on the day; with 10am and 2pm starts; spaces are limited and will be allocated on a first come, first served basis.
Potential investors and shareholders should register their interest in attending this event at: https://www.eventbrite.co.uk/e/versarien-cambridge-graphene-site-visit-10am-tickets-33705347602 or https://www.eventbrite.co.uk/e/versarien-cambridge-graphene-site-visit-2pm-tickets-33705450911
There will be two sessions on the day; with 10am and 2pm starts; spaces are limited and will be allocated on a first come, first served basis.
Potential investors and shareholders should register their interest in attending this event at: https://www.eventbrite.co.uk/e/versarien-cambridge-graphene-site-visit-10am-tickets-33705347602 or https://www.eventbrite.co.uk/e/versarien-cambridge-graphene-site-visit-2pm-tickets-33705450911
As a stock trader and investor I would like to start by apologising on behalf of all members of the stock trading community for the actions of a lone wolf who took out a bearish position on Borussia Dortmund stock and then tried to blow up the team. These actions do not represent our community. Please remember past performance is no guide to the future. This communication is not an invitation to buy or sell any particular stock/commodity/bond/option/warrant or any other financial instrument. Please take financial advice before investing. The value of stocks can go up and down and you may lose your entire investment. This announcement is regulated by the Financial Conduct Authority.
VRS melt up phase
Well today has been a pretty rubbish day with VRS now down about 33% from it's recent highs. This is usually a 'Fibonacci' retracement level so I would hope this 20p level holds indeed with the 50 day MA around 20p I am confident enough in that trading call that I intend to buy more VRS next week in anticipation of some good newsflow at the upcoming May 8th Investor Day in Cambridge. I would highly recommend anybody interested in the graphene and the likely graphene boom in coming years to consider signing up for the Investor Day and starting to learn about this wonder material from one of the Companies and University departments at the forefront of research and development in the sector.
Rational individuals always consider their downside first. Fear of loss should be far greater than the fear of missing out.
At 26.44, the S&P 500’s Price/Earnings ratio is the highest EVER, except for two occasions: the 2008 crash, and the 2000 crash.
At 28.93, the “Shiller P/E ratio”, which looks at company valuations over a longer-term, 10-year period and adjusts for inflation, is at the highest level EVER, except for two occasions: the 2000 crash, and the 1929 crash.
Price to sales ratios are near the highest levels in at least 50 years.
Price to book ratios haven’t been at this level since the 2008 crash.
And the stock market cap to GDP ratio is the highest since the 2000 crash.
Yet for some reason individual retail investors still believe that stock prices will continue to rise as Yale University’s Stock Market Confidence Index showed that over 90% of individual investors believe that the stock market will rise in the next 12 months. But this sentiment isn’t actually based on any data; it’s simply how people feel. These are classic bubble conditions: record-high prices, unsustainable valuations, baseless euphoria, and a surge in activity from retail investors.
You are hereby on notice. The odds that aggressive or fully invested investors be able to ‘get out in time’ are vanishing quickly and if history is any guide, this time will turn out to be no different. - See more at: http://www.shareprophets.com/views/...ail-bubbles-start-to-pop#sthash.CBC2dvVJ.dpuf
At 26.44, the S&P 500’s Price/Earnings ratio is the highest EVER, except for two occasions: the 2008 crash, and the 2000 crash.
At 28.93, the “Shiller P/E ratio”, which looks at company valuations over a longer-term, 10-year period and adjusts for inflation, is at the highest level EVER, except for two occasions: the 2000 crash, and the 1929 crash.
Price to sales ratios are near the highest levels in at least 50 years.
Price to book ratios haven’t been at this level since the 2008 crash.
And the stock market cap to GDP ratio is the highest since the 2000 crash.
Yet for some reason individual retail investors still believe that stock prices will continue to rise as Yale University’s Stock Market Confidence Index showed that over 90% of individual investors believe that the stock market will rise in the next 12 months. But this sentiment isn’t actually based on any data; it’s simply how people feel. These are classic bubble conditions: record-high prices, unsustainable valuations, baseless euphoria, and a surge in activity from retail investors.
You are hereby on notice. The odds that aggressive or fully invested investors be able to ‘get out in time’ are vanishing quickly and if history is any guide, this time will turn out to be no different. - See more at: http://www.shareprophets.com/views/...ail-bubbles-start-to-pop#sthash.CBC2dvVJ.dpuf
GEO
Looks like great news for GEO Georgian Mining Corporation
GEO stock symbol in the dot com era belonged to Geo Interactive Services (later Emblaze) which had a monster 100 bagger run or something if I recall correctly.
A 15% copper grade really is exceptional. Breaking it down say it costs $30 to dig up a tonne of rock. If it has 15% copper then it contains c.$1000 worth of copper. Makes any mining development very profitable and potentially boot-strappable if the high grade rock is near surface. Normal copper mines operate on basis of 1% cross resource grades.
http://www.investegate.co.uk/georgi...opper-gold-drill-results/201704270700094691D/
Looks like great news for GEO Georgian Mining Corporation
GEO stock symbol in the dot com era belonged to Geo Interactive Services (later Emblaze) which had a monster 100 bagger run or something if I recall correctly.
A 15% copper grade really is exceptional. Breaking it down say it costs $30 to dig up a tonne of rock. If it has 15% copper then it contains c.$1000 worth of copper. Makes any mining development very profitable and potentially boot-strappable if the high grade rock is near surface. Normal copper mines operate on basis of 1% cross resource grades.
http://www.investegate.co.uk/georgi...opper-gold-drill-results/201704270700094691D/
Last edited:
VAL
Re: The SHARES Magazine Supplement "ValiRx And The Drug Development Journey",
is now available on the ValiRx website
London, UK., 27 April 2017: ValiRx Plc (AIM: VAL), the clinical stage biotechnology company, is pleased to report that a recent supplement on the clinical trial drug process, authored by ValiRx and entitled "ValiRx And The Drug Development Journey", was published by Shares Magazine in its issue on Thursday, 20 April 2017.
A copy of the supplement is now available on ValiRx's website: www.valirx.com
Re: The SHARES Magazine Supplement "ValiRx And The Drug Development Journey",
is now available on the ValiRx website
London, UK., 27 April 2017: ValiRx Plc (AIM: VAL), the clinical stage biotechnology company, is pleased to report that a recent supplement on the clinical trial drug process, authored by ValiRx and entitled "ValiRx And The Drug Development Journey", was published by Shares Magazine in its issue on Thursday, 20 April 2017.
A copy of the supplement is now available on ValiRx's website: www.valirx.com
Iron ore price has been in free fall recently but manganese has bounced and is reasonably strong which could mean another dividend on the way for RRR from it's holding in Jupiter Mines
RRR remains one of the few stocks which looks cheap on fundamentals with decent supportive chart and potential catalyst imminent
RRR remains one of the few stocks which looks cheap on fundamentals with decent supportive chart and potential catalyst imminent
RRR - Manganese related
http://www.visualcapitalist.com/manganese-powering-the-next-generation-of-lithium-ion-batteries/
http://www.visualcapitalist.com/manganese-powering-the-next-generation-of-lithium-ion-batteries/
VRS
I attended Versarien's Investor meeting in Cambridge today.
There were some big brains in the room amongst what was a Private Investor meeting. Guys from Institutional Investor backgrounds, guys with scientific backgrounds who went into quite a lot of depth with the Versarien representatives. I'll watch out for any write-ups from those types because they will offer more colour and depth than I can. My own rather superficial opinion VRS are onto something very big with the only real risk I can see being timing of fruition of commercial contracts.
They had a slide with a number of the huge companies they are in early NDA discussions with (huge global names) but which they aren't allowed to name.
Being able to co-locate with Uni of Manchester and Uni of Cambridge gives them enormous cachet and use of equipment and buildings where something of the order of £400m has been spent!
I attended Versarien's Investor meeting in Cambridge today.
There were some big brains in the room amongst what was a Private Investor meeting. Guys from Institutional Investor backgrounds, guys with scientific backgrounds who went into quite a lot of depth with the Versarien representatives. I'll watch out for any write-ups from those types because they will offer more colour and depth than I can. My own rather superficial opinion VRS are onto something very big with the only real risk I can see being timing of fruition of commercial contracts.
They had a slide with a number of the huge companies they are in early NDA discussions with (huge global names) but which they aren't allowed to name.
Being able to co-locate with Uni of Manchester and Uni of Cambridge gives them enormous cachet and use of equipment and buildings where something of the order of £400m has been spent!
Bones 8 May '17 - 20:45 - 3909 of 3921 0 0
Thoroughly enjoyed the visit and particularly the tour of the labs by the ludicrously gifted chemistry lad!
Amazing ideas being worked on by the research team which is backed by millions in grants and sponsorship as well as University funding. They work on a lot more than just graphene but VRS potentially can benefit with their general patents licensed from the Uni.
It seems graphene is but one product of the techniques, there are 2,000 other materials being worked on or researched. Did I hear that right?
Amongst many things, we were shown a 3D printed shoe with a pressure sensor in the heel amongst many other prototypes or experimental creations. There were bendy strips that light up on response to sound and million pound microscopes that examine each individual graphene flake seeking to create uniformity.
I am not qualified to understand how much this could benefit VRS directly in time but the pool of potential that the purchase of CGL has secured is staggering. Presumably a similar situation exists via UOM/2DTech?
Also good to meet some people and Atoxyl in particular. Shame the weather prevented an airborne arrival but at least I can say I did the entire M25 this last two days!
phoenixs 8 May '17 - 14:13 - 3895 of 3921 1 0
Just got back from Cambridge, Quite frankly I am blown away by what I saw. What they have already produced in the way of samples for those companies which make and sell products for the consumer is truly amazing. Composites using graphene, graphene inks for numerous purposes which could all be life changing in the way that they can be applied to every day uses in what the consumer buys and uses.Wow!!
Yet the VRS themselves remain extremely conservative in the way that they put it out there. Nothing is achieved until they receive orders. It is all very well to have enquiries but unless and until those enquiries are converted into orders the enquiries are worthless. Superg1 has already written a lot about the meeting which I just wish to confirm, support and endorse.
If VRS do not become a much larger entity, I will certainly eat my hat. Low cash burn at present and looking to be in a break even position soon. Just one hit from one of the companies that are interested will set VRS on the way and I believe that we will not have to wait a long time.
Thoroughly enjoyed the visit and particularly the tour of the labs by the ludicrously gifted chemistry lad!
Amazing ideas being worked on by the research team which is backed by millions in grants and sponsorship as well as University funding. They work on a lot more than just graphene but VRS potentially can benefit with their general patents licensed from the Uni.
It seems graphene is but one product of the techniques, there are 2,000 other materials being worked on or researched. Did I hear that right?
Amongst many things, we were shown a 3D printed shoe with a pressure sensor in the heel amongst many other prototypes or experimental creations. There were bendy strips that light up on response to sound and million pound microscopes that examine each individual graphene flake seeking to create uniformity.
I am not qualified to understand how much this could benefit VRS directly in time but the pool of potential that the purchase of CGL has secured is staggering. Presumably a similar situation exists via UOM/2DTech?
Also good to meet some people and Atoxyl in particular. Shame the weather prevented an airborne arrival but at least I can say I did the entire M25 this last two days!
phoenixs 8 May '17 - 14:13 - 3895 of 3921 1 0
Just got back from Cambridge, Quite frankly I am blown away by what I saw. What they have already produced in the way of samples for those companies which make and sell products for the consumer is truly amazing. Composites using graphene, graphene inks for numerous purposes which could all be life changing in the way that they can be applied to every day uses in what the consumer buys and uses.Wow!!
Yet the VRS themselves remain extremely conservative in the way that they put it out there. Nothing is achieved until they receive orders. It is all very well to have enquiries but unless and until those enquiries are converted into orders the enquiries are worthless. Superg1 has already written a lot about the meeting which I just wish to confirm, support and endorse.
If VRS do not become a much larger entity, I will certainly eat my hat. Low cash burn at present and looking to be in a break even position soon. Just one hit from one of the companies that are interested will set VRS on the way and I believe that we will not have to wait a long time.
TRK
I don't think TRK is finished yet. Bit of panic after they called a GM to address an accounting/legal issue but it is entirely procedural. Management seem to be taking the right action to preserve value which unfortunately means canning jobs and protecting the IPR which has had over £100m spent on it over the years.
It's a terrible idea to catch a falling knife but I may be prepared to take a little extra risk on this (i've been massively wrong so far!)
Mkt Cap £4m but they have £5m cash and there has to be some way to preserve the IPR and re-generate the listing for a new project and utilise the tax losses ?
VRS another submission from one of yesterdays attendees
I would repeat I was very impressed by the quality of the Private Investors who turned up at yesterdays event. Way bigger brains than myself.
compoundup 9 May '17 - 10:41 - 3928 of 3940 5 0
I enjoyed a very interesting and worthwhile trip to Cambridge yesterday afternoon, getting to meet some but not all of the contributors to this BB who were present and would have liked to stay longer if time had permitted.
IMO the VRS-Cambridge Graphene Centre relationship is an extraordinary coup for both NR and the university:
• The department gets a channel to market through a (very) proactive commercial partner in VRS
• CGL get an inside track to deliver sample (or maybe batch) product in swift response to manufacturer enquiries coming into CGC in that product area (inks)
• The department gets to benefit from it's retained share in CGL as VRS sells product
• CGL is selling product that comes with certifiable specification (IIRC in the absence of standardisation - which is unlikely to happen for a while yet - not many producers have access to the kind of equipment that is operational in CGC and which is needed to measure what is being produced)
• It was obvious that he same can be said of the relationship with UoM. Mark Shepherd was present who was instrumental in the spin-out of 2D Tech from UoM. He is now at the sharp end in getting the new CGL ink production commissioned and delivering out of the department at Cambridge. He took part in the tour of the facilities together with one of the departmental research associates, demonstrating the technology and explaining about capacities, prospects for scaling-up, etc.
Other points:
The KLF - a couple of questions about TC were fielded by NR. That business is regarded as being part of the bread and butter of the group, together with AAC Cyroma and VTL which are providing stability while 2DTech and CGL probe blue skies. More than that TC is benefitting from the premises move. The one-off cost of the move and its the upheaval are being compensated by better efficiency. Evidently a competitor business has fallen away recently and new aerospace business has been secured. No numbers were mentioned. As to a "bugbear" or otherwise, the point is that it is the existing manufacturing businesses that are paying the bills.
A few here have mentioned NDAs. These are treated as having no value and none will be claimed. However, they have all come about through approaches from would-be customers - not the other way round. NR is focusing on distilling the enquiries into those which are likely to have the quickest route to market, if necessary at the expense of those industries - e.g. water purification - which are on a longer development track.
Much comment has been made here on how big or small the graphene platelets need to be. Prof Ferrari commented that the specification for a version of graphene needs to be adapted to its end-use. He was the one who said that standards are a long way off and that it is more important to find out what specification works for a specific product. Thereby the supplier needs to know some detail about the end-use to be able to derive the appropriate specification. The university's shareholding in CGL represents one way in which they can monetise the outcome of their research. They are incentivised to forward enquiries for specific skillsets to the most capable supplier - in this case ink - directly to CGL. NR and the team have demonstrated the ability to perform in a short timescale since the PrimaryBid fundraise. As has been related previously, they bought a machine, installed it and delivered into the order in a timescale that only entrepreneurial initiative can manage.
Bones - I also heard Prof Ferrari mention 2000 materials. I got the impression that graphene was the first one that has been turned from a mathematical prediction into a reality. Whether or not any or all of the others are worthwhile is something to excite future generations of scientists rather than be of immediate significance.
One slide in the presentation I found telling was the financial analysis of companies that have often been mentioned in the same context as VRS (- and largely dismissed on here by one person in particular who has put in the hours!). Of the 3 others chosen for comparison by NR, VRS stood way out in front on a simple calculation of mkt cap. divided by turnover giving a number in the low single figures. Clearly it's profit that matters more than turnover but I think Neill and Chris are more than aware of that.
I echo superg1's encouragement to anyone wanting to look deeper into VRS to go to these events. We were told there may be an investor event held at TC sometime in the future.
I would repeat I was very impressed by the quality of the Private Investors who turned up at yesterdays event. Way bigger brains than myself.
compoundup 9 May '17 - 10:41 - 3928 of 3940 5 0
I enjoyed a very interesting and worthwhile trip to Cambridge yesterday afternoon, getting to meet some but not all of the contributors to this BB who were present and would have liked to stay longer if time had permitted.
IMO the VRS-Cambridge Graphene Centre relationship is an extraordinary coup for both NR and the university:
• The department gets a channel to market through a (very) proactive commercial partner in VRS
• CGL get an inside track to deliver sample (or maybe batch) product in swift response to manufacturer enquiries coming into CGC in that product area (inks)
• The department gets to benefit from it's retained share in CGL as VRS sells product
• CGL is selling product that comes with certifiable specification (IIRC in the absence of standardisation - which is unlikely to happen for a while yet - not many producers have access to the kind of equipment that is operational in CGC and which is needed to measure what is being produced)
• It was obvious that he same can be said of the relationship with UoM. Mark Shepherd was present who was instrumental in the spin-out of 2D Tech from UoM. He is now at the sharp end in getting the new CGL ink production commissioned and delivering out of the department at Cambridge. He took part in the tour of the facilities together with one of the departmental research associates, demonstrating the technology and explaining about capacities, prospects for scaling-up, etc.
Other points:
The KLF - a couple of questions about TC were fielded by NR. That business is regarded as being part of the bread and butter of the group, together with AAC Cyroma and VTL which are providing stability while 2DTech and CGL probe blue skies. More than that TC is benefitting from the premises move. The one-off cost of the move and its the upheaval are being compensated by better efficiency. Evidently a competitor business has fallen away recently and new aerospace business has been secured. No numbers were mentioned. As to a "bugbear" or otherwise, the point is that it is the existing manufacturing businesses that are paying the bills.
A few here have mentioned NDAs. These are treated as having no value and none will be claimed. However, they have all come about through approaches from would-be customers - not the other way round. NR is focusing on distilling the enquiries into those which are likely to have the quickest route to market, if necessary at the expense of those industries - e.g. water purification - which are on a longer development track.
Much comment has been made here on how big or small the graphene platelets need to be. Prof Ferrari commented that the specification for a version of graphene needs to be adapted to its end-use. He was the one who said that standards are a long way off and that it is more important to find out what specification works for a specific product. Thereby the supplier needs to know some detail about the end-use to be able to derive the appropriate specification. The university's shareholding in CGL represents one way in which they can monetise the outcome of their research. They are incentivised to forward enquiries for specific skillsets to the most capable supplier - in this case ink - directly to CGL. NR and the team have demonstrated the ability to perform in a short timescale since the PrimaryBid fundraise. As has been related previously, they bought a machine, installed it and delivered into the order in a timescale that only entrepreneurial initiative can manage.
Bones - I also heard Prof Ferrari mention 2000 materials. I got the impression that graphene was the first one that has been turned from a mathematical prediction into a reality. Whether or not any or all of the others are worthwhile is something to excite future generations of scientists rather than be of immediate significance.
One slide in the presentation I found telling was the financial analysis of companies that have often been mentioned in the same context as VRS (- and largely dismissed on here by one person in particular who has put in the hours!). Of the 3 others chosen for comparison by NR, VRS stood way out in front on a simple calculation of mkt cap. divided by turnover giving a number in the low single figures. Clearly it's profit that matters more than turnover but I think Neill and Chris are more than aware of that.
I echo superg1's encouragement to anyone wanting to look deeper into VRS to go to these events. We were told there may be an investor event held at TC sometime in the future.
Reminder. RRR owns 1.2% of JMS which owns 50% of Tshipi
Tshipi is a 60 year mine life World Class asset which I estimate could be worth $1-2bn
Using the lower figure of that range that would translate to a cash return to RRR of (1.2% x 50% x $1000m = $6m) or £5m which is about 1.0p per share
However JMS also has other iron ore interests which could add to the value of the JMS holding which is why you could quite easily see RRR trading at 2p plus
Tshipi is a 60 year mine life World Class asset which I estimate could be worth $1-2bn
Using the lower figure of that range that would translate to a cash return to RRR of (1.2% x 50% x $1000m = $6m) or £5m which is about 1.0p per share
However JMS also has other iron ore interests which could add to the value of the JMS holding which is why you could quite easily see RRR trading at 2p plus
Iron ore price has been in free fall recently but manganese has bounced and is reasonably strong which could mean another dividend on the way for RRR from it's holding in Jupiter Mines
RRR remains one of the few stocks which looks cheap on fundamentals with decent supportive chart and potential catalyst imminent
big move on volume
break 0.80p and It hink we could see 2.00p v quickly
with bids in the bag there is a definite value coming here
SALV
NORTHLAND VIEW
SalvaRx GROUP LON:SAVL
Four portfolio companies: SalvaRx now has exposure to four portfolio companies, giving it access to several immuno-oncology programmes—many of which have enough funding to complete early to mid-stage clinical trials.
Intensity Therapeutics moving into the clinic: we expect patient dosing with lead product INT230-6 to commence imminently, which would represent a major milestone for SalvaRx, as it would be its first portfolio company to move into the clinic.
Substantial market: The immuno-oncology market is forecast to expand to over $80bn by 2020.
Valuation: Our updated DCF model indicates a 180p price target (up from 149p previously).
Positive read-across from Biohaven IPO: We note Biohaven's (BHVN) recent successful IPO on the NYSE, raising $168m. The group's market capitalisation is c. $660m. Biohaven shares several Directors and investors with SalvaRx. As such, we estimate that Biohaven's success provides positive read across for SalvaRx.
SalvaRx’s pipeline continues to expand. Through two recent investments, the group now has exposure to four immuno-oncology portfolio companies. Moreover, the group’s pipeline continues to progress. Notably, we expect portfolio company Intensity Therapeutics to soon dose its first ever patient, which would represent a major milestone for the business. We increased our target price from 149p to 180p, to reflect the group’s expanding pipeline .
NORTHLAND VIEW
SalvaRx GROUP LON:SAVL
Four portfolio companies: SalvaRx now has exposure to four portfolio companies, giving it access to several immuno-oncology programmes—many of which have enough funding to complete early to mid-stage clinical trials.
Intensity Therapeutics moving into the clinic: we expect patient dosing with lead product INT230-6 to commence imminently, which would represent a major milestone for SalvaRx, as it would be its first portfolio company to move into the clinic.
Substantial market: The immuno-oncology market is forecast to expand to over $80bn by 2020.
Valuation: Our updated DCF model indicates a 180p price target (up from 149p previously).
Positive read-across from Biohaven IPO: We note Biohaven's (BHVN) recent successful IPO on the NYSE, raising $168m. The group's market capitalisation is c. $660m. Biohaven shares several Directors and investors with SalvaRx. As such, we estimate that Biohaven's success provides positive read across for SalvaRx.
SalvaRx’s pipeline continues to expand. Through two recent investments, the group now has exposure to four immuno-oncology portfolio companies. Moreover, the group’s pipeline continues to progress. Notably, we expect portfolio company Intensity Therapeutics to soon dose its first ever patient, which would represent a major milestone for the business. We increased our target price from 149p to 180p, to reflect the group’s expanding pipeline .
I am getting a bit more keen on GUN. I've been a bit negative on oil stocks but they seem to be investing at the bottom of the cycle in some interesting overlooked Canadian plays (Zenith/Oyster etc) which may by luck or judgement survived the downturn and could have some exciting assets/newsflow going forward. I like the portfolio approach of GUN.
Nice set up as well, volume/interest picking up so a good spot.
Actually that volume pickup suggests some real action to come.
optimist13
Posts: 5,347
Off Topic
Opinion: No Opinion
Price: 0.0425
RE: Finally on the move? Today 13:29
It is only going to take one of the portfolio to 'pop' and the buys will come pouring in. A reminder of our investments:
Gunsynd Plc (AIM: GUN), has acquired the following investments as at 3rd April 2017:
A 4.42% interest (being 5,109,334 shares) in shares in Zenith Energy a junior oil and gas E&P company quoted on the Toronto Venture Exchange in Canada and the standard list of the London Stock Exchange with oil production based in Azerbaijan.
A 5.04% interest (being 2,000,000 shares) in Oyster Oil & Gas (“Oyster”), a junior oil and gas E&P company quoted on the Toronto Venture Exchange in Canada.
A 4.63% interest (being 86,500,000 shares) in Alba Mineral Resources Plc, a UK AIM listed company who holds interests in two oil licences in the Weald (Horse Hill and Brockham – PL 235) as well as a number of mining projects.
A 2% interest (being 20 shares) in Horse Hill Developments Ltd (“HHDL”), the 65% owners and operators of onshore exploration licences PEDL 137 and PEDL 246 (known as “Horse Hill”).
A 10% interest in Brazil Tungsten Holdings Ltd.
A 10% interest in Sunshine Minerals which is a private company that has been granted a prospecting licence over Tausere (bauxite) and is applying for the Jejevo prospecting licence (nickel) in the Solomon Islands.
A 5.01% interest (being 1,700,000 shares) in Pires Investments plc (“Pires”), an investing company admitted to trading on AIM.
A 0.36% interest (being 292,000 shares) in Georgian Mining Corporation which is a UK AIM listed company.
Plus, the recent investment in sunshine minerals which also looks very tasty.
Buy them while you can IMHO.
RRR
Credit: VTM.com Research
Fundamentally Undervalued!
At 0.73p, Red Rock Resources (LON:RRR) is worth £3.4million. By any measure, this is cheap when you look at the company’s asset portfolio.
The jewel in Red Rock’s crown has to be its 1.2% stake in the privately held Jupiter Mines (27.3million shares), which owns the Tshipi manganese mine in South Africa.
All too often in the Resource Sector on AIM, the words ‘world class asset’ get bandied about with very little substance to support the exaggerated claims. In the case of Tshipi, this is a bona-fide, globally significant asset.
Already one of the top three manganese producers in the world, Tshipi is the only one which has a greater than the 100-year life of mine projected.
And the projected valuation of the company’s stake in Jupiter is nothing short of astonishing. If we use the sums of the share buyback programme, Red Rock’s stake is currently worth £11.65million! And that is in a privately held company.
There is talk that Jupiter’s board is currently considering floating the company. If it does bring it back to the market, what sort of premium might that command? 30%? 50%?
If Jupiter floats, this could increase the value of Red Rock’s holding from anything from £15million to £17.3million, and that is before the company even trades on the secondary market. It is anyone’s guess what a newly-listed Jupiter’s market-cap might rise to, on speculative appeal.
The point is very simple. If we ignore anything else about Red Rock, this company is fundamentally undervalued on a grand scale.
And if we start to factor-in Red Rock’s other assets, then the value proposition becomes even more compelling.
Red Rock recently sold its gold mine in Colombia in a transaction worth $5million. It received $1million in cash and is due the proceeds from a $1million promissory note it issued, which bears a 5% coupon in 2018.
The final $3million will come through royalty payments based on production. The $4million Red Rock is due from Colombia over the next year and a half supports the company’s current market cap on its own.
The other point to note is that, with all the free cash flow Red Rock is about to generate, it seems highly unlikely that the company is going to need to raise funds again for the foreseeable future.
And with its portfolio of other assets, including its gold licences in the Ivory Coast, its participation in one producing oil well at the Shoats Creek project in the USA, and its legacy Kenyan gold asset (which contains a 1.2m/oz AU resource, though is currently going through a legal wrangle), Red Rock offers additional potential upside.
And even if one values these other assets at zero, this doesn’t change the basic value play on offer here.
Red Rock’s shares will need to double from here for the company to be valued at anything approaching a reasonable valuation. Of course, if that happens it will mean the market will have woken up by then, so the shares could easily go on to treble or more.
Credit: VTM.com Research
Fundamentally Undervalued!
At 0.73p, Red Rock Resources (LON:RRR) is worth £3.4million. By any measure, this is cheap when you look at the company’s asset portfolio.
The jewel in Red Rock’s crown has to be its 1.2% stake in the privately held Jupiter Mines (27.3million shares), which owns the Tshipi manganese mine in South Africa.
All too often in the Resource Sector on AIM, the words ‘world class asset’ get bandied about with very little substance to support the exaggerated claims. In the case of Tshipi, this is a bona-fide, globally significant asset.
Already one of the top three manganese producers in the world, Tshipi is the only one which has a greater than the 100-year life of mine projected.
And the projected valuation of the company’s stake in Jupiter is nothing short of astonishing. If we use the sums of the share buyback programme, Red Rock’s stake is currently worth £11.65million! And that is in a privately held company.
There is talk that Jupiter’s board is currently considering floating the company. If it does bring it back to the market, what sort of premium might that command? 30%? 50%?
If Jupiter floats, this could increase the value of Red Rock’s holding from anything from £15million to £17.3million, and that is before the company even trades on the secondary market. It is anyone’s guess what a newly-listed Jupiter’s market-cap might rise to, on speculative appeal.
The point is very simple. If we ignore anything else about Red Rock, this company is fundamentally undervalued on a grand scale.
And if we start to factor-in Red Rock’s other assets, then the value proposition becomes even more compelling.
Red Rock recently sold its gold mine in Colombia in a transaction worth $5million. It received $1million in cash and is due the proceeds from a $1million promissory note it issued, which bears a 5% coupon in 2018.
The final $3million will come through royalty payments based on production. The $4million Red Rock is due from Colombia over the next year and a half supports the company’s current market cap on its own.
The other point to note is that, with all the free cash flow Red Rock is about to generate, it seems highly unlikely that the company is going to need to raise funds again for the foreseeable future.
And with its portfolio of other assets, including its gold licences in the Ivory Coast, its participation in one producing oil well at the Shoats Creek project in the USA, and its legacy Kenyan gold asset (which contains a 1.2m/oz AU resource, though is currently going through a legal wrangle), Red Rock offers additional potential upside.
And even if one values these other assets at zero, this doesn’t change the basic value play on offer here.
Red Rock’s shares will need to double from here for the company to be valued at anything approaching a reasonable valuation. Of course, if that happens it will mean the market will have woken up by then, so the shares could easily go on to treble or more.
VRS bullish recent podcast
https://audioboom.com/posts/5915588-neill-ricketts-ceo-of-versarien-vrs-12th-may-2017?t=0
'20-50 sales inquiries'
Massive aircraft manufacturers, big defence companies, Formula 1 teams, Large Automotive companies
https://audioboom.com/posts/5915588-neill-ricketts-ceo-of-versarien-vrs-12th-may-2017?t=0
'20-50 sales inquiries'
Massive aircraft manufacturers, big defence companies, Formula 1 teams, Large Automotive companies
RRR
FOUR FERRO-ALLOYS GROUPS NAMED AMONG BIDDERS FOR TSHIPI
Published by Rena Gu, Janie Davies, and Ellie Wang of MetalBulletin
May 18, 2017
15:49 GMT
London
Market sources have identified four major companies active in the ferro-alloys sector as being among the bidders for the Tshipi manganese mine, they told Metal Bulletin.
At least ten companies, based in China, Japan, India and the west, submitted preliminary offers for the South African miner in April, Metal Bulletin reported at the time.
Fellow manganese ore producers South32 and United Manganese of Kalahari (UMK) have been named among them, along with Chinese electrolytic manganese metal producer Ningxia Tianyuan Manganese Industry Co (TMI) and Chinese investment group Citic Dameng.
An acquisition of Tshipi either by South32 or by UMK would partly heed long-standing calls for consolidation in South Africa’s manganese industry amid protracted concern about oversupply from the country.
TMI’s interest continues what market participants regards as a trend, set by the company in 2016, for Chinese manganese ore importers to buy upstream assets overseas. Its 2016 purchase of a stake in Consmin granted it offtake of 600,000 tpy of ore from the Jersey-headquartered miner’s Ghana Manganese subsidiary.
It was TMI’s Consmin deal that prompted early predictions that Chinese groups would be well-represented among the parties interested in Tshipi.
A spokesman for the owners of Tshipi declined to comment.
Tshipi’s owners are simultaneously pursuing a sale and an initial public offering (IPO) on the Johannesburg Stock
Exchange after announcing in March that they had appointed Bank of America Merrill Lynch as a financial adviser.
Tshipi expects to produce 2.11 million tonnes of manganese ore in 2017, an increase of 21% from 2016.
Metal Bulletin’s 44% manganese ore index cif Tianjin peaked at $9.22 per dry metric tonne unit on December 16, 2016 before subsequently moving as low as $4.02 per dmtu on March 17 this year. It was last assessed at $5.49 per dmtu on Friday May 12.
The 37% manganese ore index fob Port Elizabeth hit highs of $7.96 per dmtu on November 25, 2016. It too dropped dramatically at the start of 2017, hitting lows of $2.23 per dmtu on March 10. The index has since regained some losses, reaching $4.38 per dmtu on Friday May 12.
The two indices will be next calculated on Friday May 19.
metalbulletin.com/Article/3718384/Search-results/Four-ferro-alloys-groups-named-among-bidders-for-Tshipi.html
FOUR FERRO-ALLOYS GROUPS NAMED AMONG BIDDERS FOR TSHIPI
Published by Rena Gu, Janie Davies, and Ellie Wang of MetalBulletin
May 18, 2017
15:49 GMT
London
Market sources have identified four major companies active in the ferro-alloys sector as being among the bidders for the Tshipi manganese mine, they told Metal Bulletin.
At least ten companies, based in China, Japan, India and the west, submitted preliminary offers for the South African miner in April, Metal Bulletin reported at the time.
Fellow manganese ore producers South32 and United Manganese of Kalahari (UMK) have been named among them, along with Chinese electrolytic manganese metal producer Ningxia Tianyuan Manganese Industry Co (TMI) and Chinese investment group Citic Dameng.
An acquisition of Tshipi either by South32 or by UMK would partly heed long-standing calls for consolidation in South Africa’s manganese industry amid protracted concern about oversupply from the country.
TMI’s interest continues what market participants regards as a trend, set by the company in 2016, for Chinese manganese ore importers to buy upstream assets overseas. Its 2016 purchase of a stake in Consmin granted it offtake of 600,000 tpy of ore from the Jersey-headquartered miner’s Ghana Manganese subsidiary.
It was TMI’s Consmin deal that prompted early predictions that Chinese groups would be well-represented among the parties interested in Tshipi.
A spokesman for the owners of Tshipi declined to comment.
Tshipi’s owners are simultaneously pursuing a sale and an initial public offering (IPO) on the Johannesburg Stock
Exchange after announcing in March that they had appointed Bank of America Merrill Lynch as a financial adviser.
Tshipi expects to produce 2.11 million tonnes of manganese ore in 2017, an increase of 21% from 2016.
Metal Bulletin’s 44% manganese ore index cif Tianjin peaked at $9.22 per dry metric tonne unit on December 16, 2016 before subsequently moving as low as $4.02 per dmtu on March 17 this year. It was last assessed at $5.49 per dmtu on Friday May 12.
The 37% manganese ore index fob Port Elizabeth hit highs of $7.96 per dmtu on November 25, 2016. It too dropped dramatically at the start of 2017, hitting lows of $2.23 per dmtu on March 10. The index has since regained some losses, reaching $4.38 per dmtu on Friday May 12.
The two indices will be next calculated on Friday May 19.
metalbulletin.com/Article/3718384/Search-results/Four-ferro-alloys-groups-named-among-bidders-for-Tshipi.html
RRR
One thing that is not being considered by many people is that the Company's main asset is paying dividends so in effect the value is accruing and you get paid for waiting. It's quite a compelling growth-value special situation.
Current Mkt Cap is £3m
It has £0.5m in cash and a major asset worth probably £7.5m-15.0m
While you wait for the major asset to be sold the dividends continue to accrue
so
T=0 Mkt Cap £3.0m Cash £0.5m Enterprise Value (EV) = £2.5m
T=1 Mkt Cap £3.0m Cash £1.0m Enterprise Value (EV) = £2.0m
T=2 Mkt Cap £3.0m Cash £1.5m Enterprise Value (EV) = £1.5m
T=3 Mkt Cap £3.0m Cash £2.0m Enterprise Value (EV) = £1.0m
i.e. something has to change because eventually you get absurd situation of
T=? Mkt Cap £3.0m Cash £3.0m Enterprise Value (EV) = £0.0m
and a potential huge return when Tshipi is sold
One thing that is not being considered by many people is that the Company's main asset is paying dividends so in effect the value is accruing and you get paid for waiting. It's quite a compelling growth-value special situation.
Current Mkt Cap is £3m
It has £0.5m in cash and a major asset worth probably £7.5m-15.0m
While you wait for the major asset to be sold the dividends continue to accrue
so
T=0 Mkt Cap £3.0m Cash £0.5m Enterprise Value (EV) = £2.5m
T=1 Mkt Cap £3.0m Cash £1.0m Enterprise Value (EV) = £2.0m
T=2 Mkt Cap £3.0m Cash £1.5m Enterprise Value (EV) = £1.5m
T=3 Mkt Cap £3.0m Cash £2.0m Enterprise Value (EV) = £1.0m
i.e. something has to change because eventually you get absurd situation of
T=? Mkt Cap £3.0m Cash £3.0m Enterprise Value (EV) = £0.0m
and a potential huge return when Tshipi is sold
RRR seriously tempted to do the doofus move of going all in with so many things aligning right now
Another dividend due to be announced
Sale process ongoing for it's £8-16m asset the holding in Jupiter/Tshipi
Chart consolidating at key resistance level
and now
The underlying market for it's commodity manganese seems to be on fire again (in recent year it's traded from $2/dmtu to $9/dmtu), it's currently $4.5/dmtu
by my calcs each $1/dmtu increase adds about c.$100m to Tshipi bottom line (and RRR have in effect 0.6% of that so an attributable £0.5m increase on a fairly decent base div level)
Another dividend due to be announced
Sale process ongoing for it's £8-16m asset the holding in Jupiter/Tshipi
Chart consolidating at key resistance level
and now
The underlying market for it's commodity manganese seems to be on fire again (in recent year it's traded from $2/dmtu to $9/dmtu), it's currently $4.5/dmtu
by my calcs each $1/dmtu increase adds about c.$100m to Tshipi bottom line (and RRR have in effect 0.6% of that so an attributable £0.5m increase on a fairly decent base div level)
RRR now hearing Glencore could enter the frame, that would make the auction a mega-auction
https://intherightvein.com/2017/05/23/tshipi-sale-could-change-manganese-ore-market/
Tshipi sale could change manganese ore marketby alanpatrickryan
TMI and Citic Demeng are thought to be the leading contenders to purchase Tshipi that would be China’s first major foray in the South African manganese ore market. And, according to most manganese insiders, you can’t be in manganese without being in South Africa.
Tshipi is especially promising since it is lumped with the country’s lowest cost miners, UMK and South32 who have open cast operations. The breakeven point for those mines is though to be around $1.50 per Mn unit. Tshipi can produce between 1-million to 4-million mt of ore, with the two constraints logistics and the market. Currently, the operation produces around 2-million mtpy and virtually all of it goes to China.
The medium-grade ore (36-38% Mn) can be profitably sintered if the premium for high-grade ore 42-44% gets to be too high.
Both companies have significant interest in manganese. TMI is expected to finalize it purchase of ConsMin this week. ConsMin announced today that 99.94% of bondholders representing $416,232,846 in principal agreed to the deal.
While TMI is focusing of ConsMin’s Ghanaian mine that is uniquely position to feed TMI’s manganese metal operations, it will get the closed Woodie Woodie mine in Australia. However, insiders say the mine won’t be reopened until prices significantly improve and stay there. “It’s high cost and it doesn’t make sense to even consider opening it if TMI buys Tshipi.
Tshipi would also fit Citic Demeng’s manganese operations. Not only can the company use the ore, it also run a very large manganese-trading book.
The impact of the Chinese buying Tshipi is now being debated. With the South African closely monitoring ore exports there won’t be any transferring price. This is one of the reasons why the Malaysian smelters with South African ownership don’t exclusively use South African ore.
Still not everyone is worried about China taking an interest in manganese. “The market is in a permanent state of oversupply punctuated short spells of higher prices,” one producer admitted.
Still there are other suitors for Tshipi, and one of them on the 10-company shortlist might be Glencore. While Glencore has its own manganese smelters it lacks a mine though it markets Vale's material. The purchase of Tshipi would move it up to be a tier 1 player.
https://intherightvein.com/2017/05/23/tshipi-sale-could-change-manganese-ore-market/
Tshipi sale could change manganese ore marketby alanpatrickryan
TMI and Citic Demeng are thought to be the leading contenders to purchase Tshipi that would be China’s first major foray in the South African manganese ore market. And, according to most manganese insiders, you can’t be in manganese without being in South Africa.
Tshipi is especially promising since it is lumped with the country’s lowest cost miners, UMK and South32 who have open cast operations. The breakeven point for those mines is though to be around $1.50 per Mn unit. Tshipi can produce between 1-million to 4-million mt of ore, with the two constraints logistics and the market. Currently, the operation produces around 2-million mtpy and virtually all of it goes to China.
The medium-grade ore (36-38% Mn) can be profitably sintered if the premium for high-grade ore 42-44% gets to be too high.
Both companies have significant interest in manganese. TMI is expected to finalize it purchase of ConsMin this week. ConsMin announced today that 99.94% of bondholders representing $416,232,846 in principal agreed to the deal.
While TMI is focusing of ConsMin’s Ghanaian mine that is uniquely position to feed TMI’s manganese metal operations, it will get the closed Woodie Woodie mine in Australia. However, insiders say the mine won’t be reopened until prices significantly improve and stay there. “It’s high cost and it doesn’t make sense to even consider opening it if TMI buys Tshipi.
Tshipi would also fit Citic Demeng’s manganese operations. Not only can the company use the ore, it also run a very large manganese-trading book.
The impact of the Chinese buying Tshipi is now being debated. With the South African closely monitoring ore exports there won’t be any transferring price. This is one of the reasons why the Malaysian smelters with South African ownership don’t exclusively use South African ore.
Still not everyone is worried about China taking an interest in manganese. “The market is in a permanent state of oversupply punctuated short spells of higher prices,” one producer admitted.
Still there are other suitors for Tshipi, and one of them on the 10-company shortlist might be Glencore. While Glencore has its own manganese smelters it lacks a mine though it markets Vale's material. The purchase of Tshipi would move it up to be a tier 1 player.
CPX
CPX chart looking a bit dire. They could really do with some news having promised licence agreements before end of June. With it coming up to summer holiday season and business slowdown/extension of sales cycles difficult to see whether this Company which has been a serial disappointer can deliver. I'm sticking with it on basis of recent breakdown being on low volume but if I was a fast money trader I'd probably sell some here as there has to be better short term value/momentum/identifiable catalysts elsewhere.
RRR consolidating beautifully just under 1.00p
I expect a big one day move coming soon which could see us 'gap higher' to high 1's or 2.00p
Mkt Cap c.£4m
Pregnant with lots of positive cashflow/liquidity event news
2-3p looks a more sensible valuation to me
I expect a big one day move coming soon which could see us 'gap higher' to high 1's or 2.00p
Mkt Cap c.£4m
Pregnant with lots of positive cashflow/liquidity event news
2-3p looks a more sensible valuation to me
RRR
Clive205 1 Jun '17 - 09:01 - 11064 of 11068 1 0
News of payments from Para Resources relating to the sale the El Limon gold mine should be in the next few days at the 60 days period is up on Monday 5th I think.
Then there's the annual results from Jupiter Mines which last year was June 16th. We should find out then about another dividend resulting from operating income from the Tshipi mine.
At the same time I'd expect an announcement by Jupiter on the sale/IPO of Tshipi and what they are thinking of doing.
Not sure of the exact date of the Jupiter year end results but AB is planning to be out in Aus for a board meeting mid-June AFAIK.
Clive205 1 Jun '17 - 09:01 - 11064 of 11068 1 0
News of payments from Para Resources relating to the sale the El Limon gold mine should be in the next few days at the 60 days period is up on Monday 5th I think.
Then there's the annual results from Jupiter Mines which last year was June 16th. We should find out then about another dividend resulting from operating income from the Tshipi mine.
At the same time I'd expect an announcement by Jupiter on the sale/IPO of Tshipi and what they are thinking of doing.
Not sure of the exact date of the Jupiter year end results but AB is planning to be out in Aus for a board meeting mid-June AFAIK.
RRR
good set up now and nice potential on the long term weekly chart with 3 identifiable items of news due in next couple of weeks
Dividend/Note payable due from gold mining operation in Colombia
Dividend announcement possible from Jupiter/Tshipi
Update on Jupiter/Tshipi results and 'liquidity event' progress
That news could certainly justify a filling of the gap on this chart from 1p to 4p
good set up now and nice potential on the long term weekly chart with 3 identifiable items of news due in next couple of weeks
Dividend/Note payable due from gold mining operation in Colombia
Dividend announcement possible from Jupiter/Tshipi
Update on Jupiter/Tshipi results and 'liquidity event' progress
That news could certainly justify a filling of the gap on this chart from 1p to 4p
marlonbrowndo
Senior ODI Player
- Joined
- May 29, 2015
- Runs
- 22,526
- Post of the Week
- 2
RRR
good set up now and nice potential on the long term weekly chart with 3 identifiable items of news due in next couple of weeks
Dividend/Note payable due from gold mining operation in Colombia
Dividend announcement possible from Jupiter/Tshipi
Update on Jupiter/Tshipi results and 'liquidity event' progress
That news could certainly justify a filling of the gap on this chart from 1p to 4p
I think you may be right...
RRR
xcap 4 Jun '17 - 15:47 - 11106 of 11106 0 0
11105 - yes I have heard the figure of £18m mentioned. That would take the mcap to 3.8p per share; that's for tshipi and takes no account for anything else. Broker target was 4.8p wasn't it?
Plus the 60 year mine is just for Phase1.
2p short term - which could be this week
5p by Q3/4 - although if momentum takes hold could be sooner.
xcap 4 Jun '17 - 15:47 - 11106 of 11106 0 0
11105 - yes I have heard the figure of £18m mentioned. That would take the mcap to 3.8p per share; that's for tshipi and takes no account for anything else. Broker target was 4.8p wasn't it?
Plus the 60 year mine is just for Phase1.
2p short term - which could be this week
5p by Q3/4 - although if momentum takes hold could be sooner.
Jupiter Mines have announced a further dividend due to be paid in September so RRR cash should now be approaching £1m by my reckoning
http://www.jupitermines.com/images/jupiter---eicunaetho.pdf
And we are told
"The strategic process is progressing as per plan and is generating strong industry interest."
http://www.jupitermines.com/images/jupiter---eicunaetho.pdf
And we are told
"The strategic process is progressing as per plan and is generating strong industry interest."
Also interesting that Jupiter made a $10m profit from it's 'marketing' business so Jupiter also demonstrating it's potential value to RRR shareholders other than just as a intermediate holding company for the Tshipi business.
Of course Jupiter holds some Iron Ore interests which could be developed and would in turn result in further royalty payments to RRR. A lot of value building up in this part of the RRR portfolio
Of course Jupiter holds some Iron Ore interests which could be developed and would in turn result in further royalty payments to RRR. A lot of value building up in this part of the RRR portfolio
CPX chart breaking down and they look like they will fail to meet self imposed commitment to announce new licence deals this side of their June 30 year end
I'm sticking with it because fundamentals solid and they shouldn't need to do anything stupid like a fund raise in near future having taken in a few million at 9p placing and having Murata/AVX licence fees coming in
I'm sticking with it because fundamentals solid and they shouldn't need to do anything stupid like a fund raise in near future having taken in a few million at 9p placing and having Murata/AVX licence fees coming in
Odd day for RRR, they didn't RNS the dividend award and the stock treaded water at key resistance/support level of 1p (valuing company at £5m)
I'm convinced real value is £9m+ and it has other assets producing income so happy to wait this out with the chart and fundies aligning so nicely
I'm convinced real value is £9m+ and it has other assets producing income so happy to wait this out with the chart and fundies aligning so nicely
RRR looks like a nervous ninnie sell off ; underlying manganese price is strong despite supposed economic slowdown fears
Manganese ore prices resumed their upward trend on Friday June 2, with high-grade prices gaining more than 5% amid tight availability.
Ore prices back up after pause
High-grade ore rises more than 5%
Alloys prices hold in China, India and Europe
Ferro-manganese prices rise in USA
US manganese alloy supply remains tight
Metal Bulletin’s 44% manganese ore index cif Tianjin rose 31 cents to $6.04 per dmtu while the 37% manganese ore index fob Port Elizabeth rose 7 cents to $4.62 per dmtu.
Market participants anticipate higher prices from high-grade producers in the near future while inventories in China contract.
"High-grade is particularly tight. The truth is it can be sold in one day. Chinese stocks are low – port inventory is below 3 million tonnes," a producer source told Metal Bulletin.
Manganese ore prices resumed their upward trend on Friday June 2, with high-grade prices gaining more than 5% amid tight availability.
Ore prices back up after pause
High-grade ore rises more than 5%
Alloys prices hold in China, India and Europe
Ferro-manganese prices rise in USA
US manganese alloy supply remains tight
Metal Bulletin’s 44% manganese ore index cif Tianjin rose 31 cents to $6.04 per dmtu while the 37% manganese ore index fob Port Elizabeth rose 7 cents to $4.62 per dmtu.
Market participants anticipate higher prices from high-grade producers in the near future while inventories in China contract.
"High-grade is particularly tight. The truth is it can be sold in one day. Chinese stocks are low – port inventory is below 3 million tonnes," a producer source told Metal Bulletin.
RRR
researchanalyst1 8 Jun '17 - 11:44 - 11166 of 11170 2 0
Graylyn, if the stock market was the perfect arbiter of value, then anomalies such as Red Rock just wouldn’t occur.
Right now, you’re probably in the best space on AIM for realising a material upside on your investment. And a tiny amount of patience is all that is required before the following events accelerate a substantial re-rating of the company’s shares:
• An RNS from Mayan Energy confirming the presence of ‘net oil pay’ at the Lutcher Moore (LM) 13 Shallow Well, where Red Rock has an interest.
• An RNS confirming receipt of the second round of the Colombia (Four Points Mining) payments. This could range from £190,000 to £400,000, dependant on whether royalty payments and additional debt repayments are thrown in with the promissory note pre-payment or not.
• An RNS confirming a sale, or listing, of the Jupiter Mines Ltd investment; currently estimated to be worth £8.9m (lower-end valuation). The presence of Andrew Bell (Red Rock’s Chairman) on Jupiter’s board lends support to the adoption of a much more competitive valuation model.
• An RNS confirming receipt of the £230,000 ($300,000) dividend payment form Jupiter Mines.
• An RNS confirming an appropriate resolution with regards to the Kenya gold asset (75% direct interest of a 1.2Moz JORC gold resource); currently worth a considerable amount of money.
• An RNS confirming the company’s strategy on the Melville Bugt iron ore investment in North Greenland: Estimated to be worth £1.4m (assuming an iron ore price of $67.5/t). The valuation represents 9% of the value Red Rock was offered for its stake of US$20.9m in 2012.
• An RNS confirming the company’s strategy on the Elephant oil investment in Benin: Valued at £0.25m (at cost) whilst the asset remains unexplored.
• An RNS confirming the company’s strategy on the Ivory Coast Gold Project: Valued at £0.25m (at cost) whilst the asset remains unexplored.
So, as I said earlier, a tiny amount of patience is all that is required before the above events accelerate a substantial re-rating of the company’s shares.
In the meantime, the words of Anthony Cross, the successful British fund manager, who oversees the Liontrust Special Situations fund, appear particularly apt at this point:
"When it comes to investing, what is comfortable is rarely profitable."
researchanalyst1 8 Jun '17 - 11:44 - 11166 of 11170 2 0
Graylyn, if the stock market was the perfect arbiter of value, then anomalies such as Red Rock just wouldn’t occur.
Right now, you’re probably in the best space on AIM for realising a material upside on your investment. And a tiny amount of patience is all that is required before the following events accelerate a substantial re-rating of the company’s shares:
• An RNS from Mayan Energy confirming the presence of ‘net oil pay’ at the Lutcher Moore (LM) 13 Shallow Well, where Red Rock has an interest.
• An RNS confirming receipt of the second round of the Colombia (Four Points Mining) payments. This could range from £190,000 to £400,000, dependant on whether royalty payments and additional debt repayments are thrown in with the promissory note pre-payment or not.
• An RNS confirming a sale, or listing, of the Jupiter Mines Ltd investment; currently estimated to be worth £8.9m (lower-end valuation). The presence of Andrew Bell (Red Rock’s Chairman) on Jupiter’s board lends support to the adoption of a much more competitive valuation model.
• An RNS confirming receipt of the £230,000 ($300,000) dividend payment form Jupiter Mines.
• An RNS confirming an appropriate resolution with regards to the Kenya gold asset (75% direct interest of a 1.2Moz JORC gold resource); currently worth a considerable amount of money.
• An RNS confirming the company’s strategy on the Melville Bugt iron ore investment in North Greenland: Estimated to be worth £1.4m (assuming an iron ore price of $67.5/t). The valuation represents 9% of the value Red Rock was offered for its stake of US$20.9m in 2012.
• An RNS confirming the company’s strategy on the Elephant oil investment in Benin: Valued at £0.25m (at cost) whilst the asset remains unexplored.
• An RNS confirming the company’s strategy on the Ivory Coast Gold Project: Valued at £0.25m (at cost) whilst the asset remains unexplored.
So, as I said earlier, a tiny amount of patience is all that is required before the above events accelerate a substantial re-rating of the company’s shares.
In the meantime, the words of Anthony Cross, the successful British fund manager, who oversees the Liontrust Special Situations fund, appear particularly apt at this point:
"When it comes to investing, what is comfortable is rarely profitable."
RRR looking so good, piling up the cash
http://www.investegate.co.uk/red-rock-resources--rrr-/rns/update/201706120700027285H/
12 June 2017
Further to the announcement of 5th April 2017, Red Rock announces an update in relation to the sale in 2016 of certain assets including the Company's wholly owned subsidiary American Gold Mines Ltd ("AGM"), the 50.1% shareholder of the El Limon gold mine, Colombia ("Sale") to Colombia Milling Limited ("CML").
Highlights:
· CML has paid US$50,000 interest due on the US$1m promissory note ("Note") held by Red Rock
· CML has paid US$5,148.34 in respect of gold royalties due for the quarter ended 31st March 2017
· CML has paid US$225,000 and is remitting US$25,000 as partial repayment of the Note
· The balance of the Note remains payable on 1 April 2018
Red Rock Chairman Andrew Bell comments: "The receipt of $305,148.34 in further payments for the sale and operations of El Limon, and the interim distribution of $300,000 by Jupiter that we expect to receive in September, continue the pattern of improving cash flows seen since last year. An update on the most significant pending event, the sale or IPO of Jupiter's Tshipi manganese mine, is expected within weeks."
http://www.investegate.co.uk/red-rock-resources--rrr-/rns/update/201706120700027285H/
12 June 2017
Further to the announcement of 5th April 2017, Red Rock announces an update in relation to the sale in 2016 of certain assets including the Company's wholly owned subsidiary American Gold Mines Ltd ("AGM"), the 50.1% shareholder of the El Limon gold mine, Colombia ("Sale") to Colombia Milling Limited ("CML").
Highlights:
· CML has paid US$50,000 interest due on the US$1m promissory note ("Note") held by Red Rock
· CML has paid US$5,148.34 in respect of gold royalties due for the quarter ended 31st March 2017
· CML has paid US$225,000 and is remitting US$25,000 as partial repayment of the Note
· The balance of the Note remains payable on 1 April 2018
Red Rock Chairman Andrew Bell comments: "The receipt of $305,148.34 in further payments for the sale and operations of El Limon, and the interim distribution of $300,000 by Jupiter that we expect to receive in September, continue the pattern of improving cash flows seen since last year. An update on the most significant pending event, the sale or IPO of Jupiter's Tshipi manganese mine, is expected within weeks."
88E - i don't follow it anymore having mentioned it as being undervalued/unloved/underowned in the 0's before that last big move. Chart interesting if it breaks 4 on volume
I remain generally anti-oil / economically sensitive cyclical areas ; prefer secular growth and special situations right now
I remain generally anti-oil / economically sensitive cyclical areas ; prefer secular growth and special situations right now
researchanalyst1 12 Jun '17 - 17:44 - 11223 of 11224 2 0
For those unaware, Andrew Bell, Red Rock's Chairman, has provided an open and frank view of the company's current position to the rather 'engaging' Steve Laratt of Share Talk.
In it, he points towards 'significant' newsflow that is due to drop in the short term (on the Jupiter Mines investment) and how transformative it will be to the business.
He also talks about a potential cash distribution as one of the considerations post the Tshipi liquidation!
Lastly, he labours the point that the current share price substantially undervalues the business. It's an incredible listen, especially from around 11:40 into the interview.
Spectacular value!
ANDREW BELL INTERVIEW WITH SHARE TALK
JUNE 12 2017
16:11
Https://audioboom.com/posts/6008694-andrew-bell-chairman-of-red-rock-resources-plc-aim-rrr
For those unaware, Andrew Bell, Red Rock's Chairman, has provided an open and frank view of the company's current position to the rather 'engaging' Steve Laratt of Share Talk.
In it, he points towards 'significant' newsflow that is due to drop in the short term (on the Jupiter Mines investment) and how transformative it will be to the business.
He also talks about a potential cash distribution as one of the considerations post the Tshipi liquidation!
Lastly, he labours the point that the current share price substantially undervalues the business. It's an incredible listen, especially from around 11:40 into the interview.
Spectacular value!
ANDREW BELL INTERVIEW WITH SHARE TALK
JUNE 12 2017
16:11
Https://audioboom.com/posts/6008694-andrew-bell-chairman-of-red-rock-resources-plc-aim-rrr
Bell confirms the effective dividend to RRR from Jupiter is £0.8m
I think given 'normal' dividend yields are about 4-5% it implies a PER of 25-20x i.e. on a see-thru basis RRR should be valued at c. 20-25x £0.8m i.e. £16-20m versus current £4-5m Mkt cap
I think given 'normal' dividend yields are about 4-5% it implies a PER of 25-20x i.e. on a see-thru basis RRR should be valued at c. 20-25x £0.8m i.e. £16-20m versus current £4-5m Mkt cap
Similar threads
