ASX Shares What's looking cheap on the ASX?

it tells me a short-term negative news (delay) but long term positive news (they will include more updates in the next report).

 

http://www.nytimes.com/aponline/2016/12/13/us/politics/ap-us-fed-3-things-to-watch-for.html?_r=0

 

My reading of this is that the Feasibility Study Report will ultimately include more information that positively supports or strengthens the business case for potential customers/partners to sign Binding Offtake Agreements. This will ultimately support financing for further transitioning to production and setup of the necessary production facilities. Offtake Agreements are essentially an agreement to purchase future production output.

The price has dropped because the Feasibility Study Report was expected before the General Meeting (Wednesday next week) and the market is fickle.

 

Someone bet the house - 8 shares for $1

 

Junior explorers summarised in one easy to read chart. The goal is to get it early or buy the inevitable "Orphan Period" if you believe in the fundamentals.

 

Exactly tracks Altura. Their offtake agreement was signed 26 April.

 

Difference with MTA is that some institutional investors seem to be buying in already???

 

AJM is a bit of an exception to the rule, PLS nearology and the Lithium boom paved the way for that run. A bankable feasibility study wasn't completed until August and your posted chart illustrates exactly how the market responded.

 

Here there I'm new, has MTA reached the orphan period? Or it's still at the top of the downward curve?

 

Institutional investors have been tipping their money in ... this would put them in the orphan period.

Metals of Africa raises $6.93m to advance Mozambique graphite projects

They are in the process of reporting the outcomes of their Definitive Feasibility Studies. Today's announcement relates to a delay in the release of the study to incorporate more information on the milling study. I'd say this information is being prepared to set them up for signing Offtake agreements that will take them to preparation for production.

They had a peak in their share price 20 June 2014 coinciding with an exploration announcement.

https://newswire.iguana2.com/af5f4d...1444/MTA_Announcement_6A681444.pdf?download=1



@Bran has been following it for more time and can provide more insightful comments.

I only started closely looking at it this weekend, but all the information you need to research this yourself is readily available:

• Google is your friend
• You can readily access all the company announcements on the Market Index website http://www.marketindex.com.au/asx/mta
• Plenty of information is on the Metals of Africa website http://metalsofafrica.com.au/index.php/updates-announcements/

 

And I'm guessing this thread - now somewhat derailed - will be in those google results

 

It's still speculative, but we have some institutional investors moving in - Farjoy investments a major holder, Contango just bought in to become a major holder.It's market cap just crossed 50m so will get more attention, particularly when it is derisked with its DFS, then financing, offtakes, licence, second mine results etc...

DFS release was accelerated, perhaps a big ask this close to Christmas.

I'm not too concerned by the delay, I bought another big swag today.

The guys on hotcopper are overanalysing the delay... but might pay to see a negative view on the delay and keep us grounded. I've hit my accumulation target now and will sit tight.

Edit: Actually, I AM concerned by the delay. This was the first hurdle and they have stumbled. I think this is why the market dropped it today. A second time will be punishing.

 

How right you were wombat!

What have I created with this thread?? Sooooo ridiculously speculative.

 

Actually a good exercise for me to be deeply reading into announcements, etc. My investments to date have been in more conservative dividend payers, blue chips and ETFs.

 

Maybe a new thread can be created under the label of Speculative stocks, so that this thread can stay on track?

 

It's still "what looks cheap". When you compare the market cap and the prospects, it still looks cheap.

 

Mayne pharma down 18% to start the day! Ouch!

 

Make that 20%!

 

Whats the reasoning behind its spiral over the last few months?

Thoughts on it bouncing back?

 

U.S court case in relation to anti trust issues in with its selected generic pruducts!