KAI - Kairos Minerals

[Superfly]

Re: MPJ - Mining Projects Group

*Plenty* of supply at 1-1.1c.

I'm going to start casting my eye over their own tenements and see what I come up with. Today's Cangold announcement is a positive too.

Have held these and been slowly buying more over the past months....looking forward to see what members such as Doc, YT, have to say on MPJ....

 

[stu_lee44]

Re: MPJ - Mining Projects Group

Hi,YT.I have watched MPJ for a long while and totally agree with your point,but don't understand why Mr Frost,one director sold his shares at 1.2c recently.Any special reason?

 

[crombo97]

Re: MPJ - Mining Projects Group

No word on this one for a while.
Its currently hovering about .006
It still looks like good buying to me.
I have been stocking up on the opies so i hope we get some positive news soon..........

 

[prawn_86]

Re: MPJ - Mining Projects Group

Crombo,

Could you please detail as to why you think it is good buying? Just a bit of info to provide a basis for your thoughts.

thanks

prawn

 

[crombo97]

Re: MPJ - Mining Projects Group

It has a NTA of 1.1c per share and is trading at nearly 50% less than than.
And thats just one project
IMO IMO IMO IMO IMO IMO IMO IMO

 

[YOUNG_TRADER]

Re: MPJ - Mining Projects Group

It has a NTA of 1.1c per share and is trading at nearly 50% less than than.
And thats just one project
IMO IMO IMO IMO IMO IMO IMO IMO

Hey Crombo,

Its NTA is based on its holdings in multiple listed investments and yeah based on the last qtrly it was 1.1c NTA,

While it maybe a bit less now due to some investments falling in SP the NTA is still well above 0.6c

I guess its a game of patience, maybe management should start cashing in some of these investments so the company has a huge cash balance ?

 

[doctorj]

Re: MPJ - Mining Projects Group

Without putting too fine a point on it, the management of MPJ are never going to set the world alight. They're a bunch of banking types pretending to be a mining company. Their tenements are adjacent to Moly Mine's Spinifex Ridge mine. On the face of it, that's pretty promising, but it doesn't mean jack as long as they don't get around to drilling it.

What they have done quite well is leverage their experience as bankers and bought stakes in other listed mining companies in Australia, canada and the UK.

MPJ has 1.6 million shares in AGO. Accordingly, MPJO has been my preferred play for exposure to AGO. Every 11.5c increase in AGO increases MPJ's net tangible assets by 0.1cps. To put it in comparison MPJ is trading at 0.007 and MPJO at 0.002.

MPJ's NTA per share is as of right now 1.14cps.

 

[YOUNG_TRADER]

Re: MPJ - Mining Projects Group

Hey Doc,

Yeah the 1.1c NTA vs current SP of 0.6c - 0.7c makes you wonder whats going on

I think its good to know that if the company went bankrupt we'd get a premium to current levels in terms of return lol

The company needs to do 2 things, well 3 actually, 1 provide weekly if not daily NTA updates (would only take 20minutes a day to do this) 2 get some miners on board actually do some exploring on their only tenement, 3. look to cash in some chips and use the funds to acquire new projects(maybe even look at Potash : )

 

[doctorj]

Re: MPJ - Mining Projects Group

I've had this very same discussion with management - however, for the moment I'm very happy for them to hold on to each and every one of their AGO shares with it trading at an all time high of $3.50.

Put it this way - for every 1% increase in AGO, MPJ's NTA increases by 4.3% of its market cap. That's 4x leverage. MPJO's leverage to AGO is many multiples higher than even that.

No amount of average management can screw that up

 

[adobee]

Re: MPJ - Mining Projects Group

Okay I am going to pick up some MPJ today as I want to see the 4:1% increases as AGO continues to go up ..
What price are their AGO shares /options at ? Ie

I assume its not calcuated on 1% of the current price if they bought them at a cheaper price as 1% of current price could be 3% of the purchase price etc (dependent on price) ? ? Is this right ?

 

[doctorj]

Re: MPJ - Mining Projects Group

AGO continues its march up another 10% today... MPJ's NTA now at 1.16cps (as against 0.06/0.07cps).

 

[adobee]

Re: MPJ - Mining Projects Group

AGO continues its march up another 10% today... MPJ's NTA now at 1.16cps (as against 0.06/0.07cps).

can you tell me how your calcuating this ? do you know there ago purchase / option prices ? can i get this
thanks..

 

[doctorj]

Re: MPJ - Mining Projects Group

can you tell me how your calcuating this ? do you know there ago purchase / option prices ? can i get this
thanks..

Purchase price is irrelevent for calculating their NTA. All you need to know is their asset holdings (from their recent announcement), the last traded price (from ASX/TSX/AIM). The 'soft spot' in the analysis is assuming their cash holding and the value of their other assets remains unchanged from their last announcement.

For the record, I make out current NTA to be more than 1.2cps.

 

[Superfly]

Re: MPJ - Mining Projects Group

Bit of volume today .... hope AGO can keep up or keep rising...

Is that 100 characters yet... well happy to hold MPJ ... hope they can start some drilling before the end of 2008 .... MPJ seem to have lots of money to do it ...

 

[doctorj]

Re: MPJ - Mining Projects Group

NTA per share is still 1.16cps (last traded at 0.07) despite the sell off in AGO.

Someone wanted the heads - 37mill or so bought today (the whole of the depth at 0.07).

 

[rob]

Re: MPJ - Mining Projects Group

just a novice into my first trade,found this thread and hoping to learn as much as i can slowly but surely. still finding it frustrating.

 

[Superfly]

Re: MPJ - Mining Projects Group

MPJ announcement...

Drilling campaign to start at Talga Peak soon...

 

[YOUNG_TRADER]

Re: MPJ - Mining Projects Group

Around half NTA so little risk

Also drilling to start soon with some very interesting results from neighbours next door

A nice little penny spec

 

[YOUNG_TRADER]

Re: MPJ - Mining Projects Group

After making a fortune and still having a finger in the pie on CFR I have decided to pick up some MPJ,

It seems in these mkts only the penny stocks will run ie CFR

The company has NTA of around 1c-1.1c

Chart wise 0.005 looks like the absolute bottom

But what interests me most is that the companies main exploration tennement happens to be next door to MOLY Mines (MOL) Spinifex Ridge project where they recently announced some very very large hits of Iron Ore


This is a ver spec stock, but it is trading well below its Net angible Asset backing and so the risk is somewhat lowered, as I've said in the past we can always make the company wind up and get a 40%-45% premium to our shares in cash payout :

 

[rhyslivs]

Re: MPJ - Mining Projects Group

I think a backing of 1-1.1c is a little bit generous.

In there March Quarterly there backing was approx 17 mil and 13 mil of that is held in other resource stock shares several of which have taken a bit of a beating.

I would say its NTA is more between 0.8 - 0.9c considering they stated there backing as .92c per share in the report and I dont think there position has improved.

However, that doesnt alter the fact that they are trading at a heavy discount to NTA.

But like you said YT the interest could come from that tenemant location

Rhys