A real "gem" you have identified Oak. Good piece (as always). Glad you made some money here although I think that this remains totally undervalued. Directors obviously think so given their recent buying. One to tuck away in the bottom drawer
Hi Fluff, thank you, and agree on the undervaluation. The Heibei debt means the HMS/Diamonds can still be bought for about a P/E of about 1X!
Meanwhile the future beyond HMS is interesting too. When you consider AIM is awash with projects that a cash generative firm like KZG could hoover up cheaply to get another project once the HMS/Diamonds money machine is in progress. Or if the 2nd HMS site materialises then that itself could be colossal too.
A real "gem" you have identified Oak. Good piece (as always). Glad you made some money here although I think that this remains totally undervalued. Directors obviously think so given their recent buying. One to tuck away in the bottom drawer
Hi Fluff, thank you, and agree on the undervaluation. The Heibei debt means the HMS/Diamonds can still be bought for about a P/E of about 1X!
Meanwhile the future beyond HMS is interesting too. When you consider AIM is awash with projects that a cash generative firm like KZG could hoover up cheaply to get another project once the HMS/Diamonds money machine is in progress. Or if the 2nd HMS site materialises then that itself could be colossal too.
OB
Strange that GC decided to exit(?) at this level. Taken his stake below the reporting level of 3%. GC not renowned for leaving money on the table...?
Hi fluff,
I haven’t really got a view on GC or whether this is significant
Best
OB