Join Australia's most dynamic and respected property investment community

What's looking cheap on the ASX?

Discussion in 'Other Asset Classes' started by radson, 11th Jan, 2016.

  1. inspiredbyprop

    inspiredbyprop Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    170
    Location:
    Sydney
    it tells me a short-term negative news (delay) but long term positive news (they will include more updates in the next report).
     
  2. willair

    willair Well-Known Member Premium Member

    Joined:
    19th Jun, 2015
    Posts:
    1,825
    Location:
    Brisbane..
  3. wombat777

    wombat777 Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    1,515
    Location:
    33°41'24.7"S 150°55'34.3"E
    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.
     
    Bran and trinity168 like this.
  4. wombat777

    wombat777 Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    1,515
    Location:
    33°41'24.7"S 150°55'34.3"E
    Someone bet the house - 8 shares for $1 :p

    IMG_6013.jpg
     
    Ardi and trinity168 like this.
  5. Tyler Durden

    Tyler Durden Well-Known Member

    Joined:
    19th Jan, 2016
    Posts:
    286
    Location:
    Australia
    [​IMG]

    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.
     
    trinity168 and pinkboy like this.
  6. wombat777

    wombat777 Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    1,515
    Location:
    33°41'24.7"S 150°55'34.3"E
    Exactly tracks Altura. Their offtake agreement was signed 26 April.

    IMG_6012.jpg
     
    Tyler Durden likes this.
  7. wombat777

    wombat777 Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    1,515
    Location:
    33°41'24.7"S 150°55'34.3"E
    Difference with MTA is that some institutional investors seem to be buying in already???
     
  8. Tyler Durden

    Tyler Durden Well-Known Member

    Joined:
    19th Jan, 2016
    Posts:
    286
    Location:
    Australia
    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.
     
  9. Kipper

    Kipper New Member

    Joined:
    30th Nov, 2016
    Posts:
    1
    Location:
    ACT
    Here there I'm new, has MTA reached the orphan period? Or it's still at the top of the downward curve?
     
  10. wombat777

    wombat777 Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    1,515
    Location:
    33°41'24.7"S 150°55'34.3"E
    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

    IMG_0379.jpg

    @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:
     
    trinity168 and Kipper like this.
  11. wobbycarly

    wobbycarly Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    253
    Location:
    Geelong
    And I'm guessing this thread - now somewhat derailed - will be in those google results ;)
     
    Ardi likes this.
  12. Bran

    Bran Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    3,328
    Location:
    At work
    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.
     
    Last edited: 14th Dec, 2016
  13. Bran

    Bran Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    3,328
    Location:
    At work
    How right you were wombat!

    What have I created with this thread?? Sooooo ridiculously speculative.
     
    trinity168 and Anne11 like this.
  14. wombat777

    wombat777 Well-Known Member Premium Member

    Joined:
    18th Jun, 2015
    Posts:
    1,515
    Location:
    33°41'24.7"S 150°55'34.3"E
    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.
     
  15. Anne11

    Anne11 Well-Known Member

    Joined:
    19th Jun, 2015
    Posts:
    87
    Location:
    Brisbane
    Maybe a new thread can be created under the label of Speculative stocks, so that this thread can stay on track?
     
    inspiredbyprop, Newfast and Ardi like this.
  16. Bran

    Bran Well-Known Member

    Joined:
    20th Jun, 2015
    Posts:
    3,328
    Location:
    At work
    It's still "what looks cheap". When you compare the market cap and the prospects, it still looks cheap.
     
    wombat777, Anne11 and pippen like this.
  17. pippen

    pippen Well-Known Member

    Joined:
    10th Aug, 2016
    Posts:
    147
    Location:
    australia
    Mayne pharma down 18% to start the day! Ouch!
     
  18. pippen

    pippen Well-Known Member

    Joined:
    10th Aug, 2016
    Posts:
    147
    Location:
    australia
    Make that 20%!
     
  19. Ardi

    Ardi Well-Known Member

    Joined:
    20th Jul, 2015
    Posts:
    186
    Location:
    Orange
    Whats the reasoning behind its spiral over the last few months?

    Thoughts on it bouncing back?
     
    Last edited: 16th Dec, 2016
  20. pippen

    pippen Well-Known Member

    Joined:
    10th Aug, 2016
    Posts:
    147
    Location:
    australia
    U.S court case in relation to anti trust issues in with its selected generic pruducts!