ALM - Alma Metals

[chris1983]

I'm extremely happy to see stocks like this go through the roof. They have a 4 million pound resource and the fully diluted market cap is 147 million. If AFR can run off a JORC of 4 million pounds..stocks like ERN and BMN are still extremely undervalued. They just need to get their historical deposits JORC compliant. welldone guys and I hope it keeps going.

 

[Sean K]

Kennas.
I would've bought this on the open, if it opened at, say, 80c. But $1 was a bit much.
Reason I would be buying and not selling is because I've seen floats like MRU, TOE, NUP, do well on the 1st day, and sold, only to see them reach higher in the 2nd day.

This can happen. But I'm sure there's examples from both sides. UTO opened at 80 and bombed to 30. Just risky for a newbie I reckon. If you're not ruthless and get attached to your stock (as new traders sometimes do) then it can end in pain. Will be interesting to see what this does tomorrow. Let me flip a coin.........heads. Up! LOL.

 

[nizar]

Im out at the close.
I wanted a white candle.
Didnt get it.

It opened too high.
If it had opened at 80 and close at 100, good chance it will run 2mrw.

But i agree Kennas, 2mrw is a coin flip.

 

[Halba]

Didn't buy in. Its assets r fine like an Omegacorp clone, but in this market no value at the moment. After all you can buy OMC for about just 80% above the price/mkt cap AFR is selling for, and OMC has real assets. They have a lot of ground work to do.

 

[imajica]

seems a bit over priced when you compare to WME - market cap 45 million and 30% of their tenements contain 18 million pounds with advanced drilling underway

the market sure is strange sometimes - many people will be burnt severely

 

[nizar]

the market sure is strange sometimes - many people will be burnt severely

Notice how all the people saying about newbies getting burnt are those that missed out?

Dont be so bitter guys - just move onto the next one.

And yeh imajica, the market is strange, I remember your fave INL you used to ramble on its a producer now and so on, well yeh the sp HALVED so I hope you didnt get burnt being such a true believer.

 

[chris1983]

Notice how all the people saying about newbies getting burnt are those that missed out?

Dont be so bitter guys - just move onto the next one.

And yeh imajica, the market is strange, I remember your fave INL you used to ramble on its a producer now and so on, well yeh the sp HALVED so I hope you didnt get burnt being such a true believer.

lol..trust me man..I'm seriously not sore at all. I was genuinely worried that investors buying at these levels would get burnt. Just wanted to put a warning out. If they continue up..thats great. Like I said its more advantageous to me for them to continue up anyway.

 

[Ken]

Did anyone get some of this in the float?

Or was it a private/ipo!!!

 

[Halba]

Doubt anyone would get 'burned' but with all due respect all the upside has been taken from this stock by the premium today....WMT mkt cap $250m, ACB mkt cap $225m, possibly AFR can get to those levels with some drilling.

 

[nizar]

Did anyone get some of this in the float?

Or was it a private/ipo!!!

Yes. I got some.
Out today.

 

[Ang]

Im out at the close.
I wanted a white candle.
Didnt get it.

It opened too high.
If it had opened at 80 and close at 100, good chance it will run 2mrw.

But i agree Kennas, 2mrw is a coin flip.

If tommorow the price stays the same at $1 or runs a little, I would think EVE would be the one that starts running. Correct me if i am wrong but the maths is as follows. AFR = $1.00 and EvE holds 70% of AFR, then EVE should be valued at 70cent not including the other resourses they have. I wouldn't be suprised that EVE start looking good in the next few days or even tommorow. I have EVE shares and trading the Darvas box and looking at a target of 55 cents as attached.
kind reg
Ang

 

[nizar]

Correct me if i am wrong but the maths is as follows. AFR = $1.00 and EvE holds 70% of AFR, then EVE should be valued at 70cent not including the other resourses they have.

Incorrect. Your logic is flawed.

EVE has 224million shares.
Market cap at 40c is about $90million

AFR has 147million shares.
Market cap at $1 is $147million.

EVE holds 70% of an asset worth $147million, which is 0.70*147 = $102.9million.

$102.9million/224million shares = 0.459.

Therefore, the value of EVE based on its AFR holding alone is about 46cents.

Hope that helps.

 

[Sean K]

Therefore, the value of EVE based on its AFR holding alone is about 46cents.

So, then you need to add in the value that EVE has less it's holdings in AFR. What's that Ang?

 

[Ang]

Incorrect. Your logic is flawed.

EVE has 224million shares.
Market cap at 40c is about $90million

AFR has 147million shares.
Market cap at $1 is $147million.

EVE holds 70% of an asset worth $147million, which is 0.70*147 = $102.9million.

$102.9million/224million shares = 0.459.

Therefore, the value of EVE based on its AFR holding alone is about 46cents.

Hope that helps.

Thanks for that at least I have my target correct, if the balance of their resourse is 10 cent the anything above 50 cents is a fair value. Do you have the value of the rest of EVE's resourse.
Kind reg
ang

 

[chris1983]

Yes. I got some.
Out today.

These guys have a good name "African Energy". What a great name during the uranium bull..come on..look at some of the names of late "yellowrock resources" haha its so classic. Welldone to the guys who made a 100+% profit on these. I myself would buy EVE..but AFR look like they will be held tightly for awhile so shares might be hard to come by. Nizar summed it up very well earlier.

There are 147million shares on issue for AFR. But top 20 hold >92% and about 70% of the total is in escrow with EVE for 24 months.

So once there is a demand theres no supply to feed it - sellers can demand their own price and buyers have to chase.

Will be watching with interest tomorrow..just for entertainment purposes..but yeah its a coin toss as Kennas mentioned earlier.

 

[Huitzii]

Has anyone still got this one on their watchlists or still holding?
AFR recently broke out through a 12 month low period but seems to be back on track and pushing new highs.
On Friday it saw a test opening at .285 (.05 above previous days close) pushed up to .29 ,then pushed down to .275 to finish at .28 again (a game between the bulls and the bears)
This one could see new highs if the volume stays up IMHO.
MACD is looking strong and the 10,68 and 90 day averages are looking sweet as well.
I found this stock doing routine scans recently.
I hold AFR for the time being ,ATM 22% up for me
Here is a chart.

DYOR

 

[boff]

Has anyone still got this one on their watchlists or still holding?

I'm looking closely at these guys. The recent price hikes are due to them stumbling on 1 to 1.5 billion tonnes of thermal coal lying just under the surface. Kind of ironic really, considering they listed as a uranium play.

AFR is currently valued around $110m, but sitting on that much coal I believe there is story there worth looking into.

 

[jonojpsg]

Definitely worth getting on IMO - I bought in yesterday at 40 and from the looks of the buy/sell depths this is going to run HARD - approx 20m buy and only 0.5m sell

Ann today saying block C results are better than expected, and block C is the largest (about 50+ sq km!!)

 

[boff]

Definitely worth getting on IMO - I bought in yesterday at 40

You are one lucky chap. I put put my first buy order in at 10:02 at 41.5c and then stupidly chased up the SP all day. Never got filled and have the order sitting at 50.0 for todays open.

 

[iRy]

You would have gained today! Another early gain. Will be interesting to see how this one plays out in the next few months.