What’s your big gamble? (Volume 2)
Discussion
MikeStroud said:
I Love Cake said:
Every single aim stock I've been in has spiked then fallen. AMGO, SNG, GGP, SKIN, etc etc. Time to start catching those spikes, banking the profits and moving on / hoping for another drop. I aim to test this theory with the GGP results....
Precisely the same with me and I now have the same plan. 1Rb said:
AML just touched 48p... Tempted to buy my first automotive shares! Someone talk me out of this basket case...
clarkson hated the dbx in the times sunday but then he hates any showy srv bar a range rover.i reckon they will sell loads of dbx's to people making a fortune in shares at the mo though!
the rich are getting richer but they do have to start worrying what they look like and the non electric showy dbx might not be it
has lockdown shut the factory?
petemurphy said:
I Love Cake said:
Expensive lesson.
whens the peak though..I really need to set a goal and stick to it. I was up £500 on SOLO last week, above my target for a couple of days, but instead of banking n running for the hills, I got greedy. You can guess the rest. Meh.
Grumpy Griff said:
SimonTheSailor said:
If anybody into Thor mining you're onto a winner - Christ on a bike !!
I wish I was! That's an impressive one day gain. Anyone know what's going on?Speculative gold mining is going crazy right now. My (Not) advice is to be careful.
I'm in GGP and EUA as Ive discussed multiple times - but my position is well researched and backed with facts. Yes there is still risk - but they are certainly orders or magnitude better bets right now than gold in a pan.
911pleb said:
Read the RNS - SP spike is massively out of proportion I think. They were literally panning for gold and found some. Panning - with a sieve in a river. I suspect (could be very wrong) the price will fall back to about where it was in short order.
Speculative gold mining is going crazy right now. My (Not) advice is to be careful.
I'm in GGP and EUA as Ive discussed multiple times - but my position is well researched and backed with facts. Yes there is still risk - but they are certainly orders or magnitude better bets right now than gold in a pan.
I'll admit i've done no research on either but do both GGP and EUA have the assets etc to warrant circa £800m MC's?Speculative gold mining is going crazy right now. My (Not) advice is to be careful.
I'm in GGP and EUA as Ive discussed multiple times - but my position is well researched and backed with facts. Yes there is still risk - but they are certainly orders or magnitude better bets right now than gold in a pan.
Good reassuring RNS for ALBA
- Company's underground campaign at Clogau not expected to be affected by Welsh Government coronavirus restrictions announced for the period 23 October to 9 November 2020
- Underground drilling in October progressing well, with L002 drilled to 121.5m and L003 currently being prepared for drilling
- Bulk sampling progressing well, with Jack Williams stope floor stripped back and stockpiled as a large, ~8 tonne bulk sample, from material built up during previous periods of mining
- 280m length of pipeline running through Llechfraith level has been rehabilitated and tested and will now be used to provide pressurised air to drill next drill hole at previously inaccessible target
naturally the SP falls 9%
- Company's underground campaign at Clogau not expected to be affected by Welsh Government coronavirus restrictions announced for the period 23 October to 9 November 2020
- Underground drilling in October progressing well, with L002 drilled to 121.5m and L003 currently being prepared for drilling
- Bulk sampling progressing well, with Jack Williams stope floor stripped back and stockpiled as a large, ~8 tonne bulk sample, from material built up during previous periods of mining
- 280m length of pipeline running through Llechfraith level has been rehabilitated and tested and will now be used to provide pressurised air to drill next drill hole at previously inaccessible target
naturally the SP falls 9%
rich12 said:
I'll admit i've done no research on either but do both GGP and EUA have the assets etc to warrant circa £800m MC's?
Obviously is a very hard thing to ascertain as there are so many variables above and beyond the quantity of the metals in the ground and their respective market values. The most recent Broker note from Berenberg suggests GGP is worth 22p - which is about where we are now. I think it is very conservative as they have used older drilling results to do their figures. For me, yes, GGP is about right or even slightly undervalued at present. The MRE will give us a much better idea of what the company is really worth as Haverion is the only proper tangible asset at present. Yes there are other drilling targets but until we get a glimpse under the surface, we can't really include them as part of the companies value imo.
EUA - Harder to put a figure on. I think it's probably over valued in it's current state at present due to the hype of the upcoming sale. It was hovering around 27p for a while before the news broke, then it shot up and is now retracing back to 30p ish. If there were no sale in the pipeline, then its value is that of pre news drop imo.
Having said that, all that matters to me and the market in general is what the sale price will be. I wrote something yesterday or the day before about it - but for me, 54p is the target, with 70p ish being top end. Will be very happy to be proved wrong by the nutters on LSE suggesting £1+ though!
911pleb said:
EUA - Harder to put a figure on. I think it's probably over valued in it's current state at present due to the hype of the upcoming sale. It was hovering around 27p for a while before the news broke, then it shot up and is now retracing back to 30p ish. If there were no sale in the pipeline, then its value is that of pre news drop imo.
Having said that, all that matters to me and the market in general is what the sale price will be. I wrote something yesterday or the day before about it - but for me, 54p is the target, with 70p ish being top end. Will be very happy to be proved wrong by the nutters on LSE suggesting £1+ though!
I recall you previous post, why 54p which is quite a precise figure? Have you done educated calculation of asset value?Having said that, all that matters to me and the market in general is what the sale price will be. I wrote something yesterday or the day before about it - but for me, 54p is the target, with 70p ish being top end. Will be very happy to be proved wrong by the nutters on LSE suggesting £1+ though!
Not challenging you, as I have no idea
Adam B said:
I recall you previous post, why 54p which is quite a precise figure? Have you done educated calculation of asset value?
Not challenging you, as I have no idea
I wouldn't call it educated.Not challenging you, as I have no idea
EUA have shut up shop with recent resource declarations due to NDAs and the like because of the sale. The general consensus among the people that have been around for a while is that given all the extra licenses granted and drilling that has taken place, there is rather more in the ground than the public domain is privvy to. The best conservative guesses (that's guesses!) are that there is around $40b worth of metal in the ground at current market value. You have to get it out, refine it, pay overheads and still make a profit etc, so the question is, how much is another company ultimately going to pay for it? I went for 5% based on a little research based on known values in the current market from other operations and added a large dose of being conservative. Thats $2b - after a bit of currency conversion you get £1.5b which is about 54p.
70p is just allowing for a slightly higher sale price as there are some unique aspects to the sale that go in EUA's favour and potentially give them a bit of leverage, but I think it's unlikely.
But as always, I am a pleb so DYOR and dont come crying to me if the sale falls through or it sells for 25p.
edit-
PS, there is also this chart, which on the face of it looks very clever and gives a very appealing valuation, but I tend to err on the side of ignore everything on Twitter....
https://twitter.com/DShox1/status/1312898694774173...
Edited by 911pleb on Wednesday 21st October 13:18
Adam B said:
thanks pleb
very useful, and yes taking it all with a pinch of salt. Anything higher than 40p would be decent, 50p great, above fantastic
https://www.globenewswire.com/news-release/2020/10/21/2111811/0/en/Tattooed-Chef-Announces-the-Scheduled-Launch-of-Its-e-Commerce-Site.htmlvery useful, and yes taking it all with a pinch of salt. Anything higher than 40p would be decent, 50p great, above fantastic
Nothing to do with the quote above but you might be interested, might get back up now
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