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Pennystock

Bargain at 30p levels - Undervalued - Revenue making - BULLExtremely bullish here & been waiting for months for this opportunity to buy down here. Bought at 30.4p & will buy more if I get an opp at 29p-30p Bullish divergence on RSI. Resistance becomes support in most plays even if it takes a few weeks/months. 44.2p - 57p next resistance. Longer term will be more as this is a revenue growth making company. Sorry for format copy paste wrong but here is the values for last years. $53.7m revenue $34.3m EBITDAX $36.2m cash generated Fully cashed up with $17m & $10m facility (undrawn) South Disouq coming later this year. Easy profit to be made from this levels. Three months ended Twelve months December 31 ended December 31 (audited) US$ million, except per unit 2018 2017 2018 2017 amounts ---------- --------- -------- -------- Net revenues 13.8 11.0 53.7 39.2 ---------- --------- -------- -------- Netback(2) 10.4 8.5 41.7 28.9 ---------- --------- -------- -------- Net realized average oil price/service fees - US$/barrel 59.07 54.39 62.43 46.70 ---------- --------- -------- -------- Net realized average Morocco gas price - US$/mcf 9.78 9.72 10.33 9.51 ---------- --------- -------- -------- Netback - US$/boe 28.94 28.26 32.01 24.47 ---------- --------- -------- -------- EBITDAX(2) (3) 7.1 8.0 34.3 21.4 ---------- --------- -------- -------- Exploration & evaluation expense ("E&E") (0.2) - (5.7) (0.2) ---------- --------- -------- -------- Depletion, depreciation and amortization ("DD&A") (6.3) (4.8) (17.3) (17.8) ---------- --------- -------- -------- Impairment expense (3.5) - (3.5) - ---------- --------- -------- -------- (Loss)/gain on acquisition - (4.7) (0.2) 29.6 ---------- --------- -------- -------- Total comprehensive (loss)/income (4.0) (3.4) 0.1 28.3 ---------- --------- -------- -------- Net cash generated from operating activities 8.9 15.1 36.2 21.6 ---------- --------- -------- -------- Cash and cash equivalents 17.4 25.8 17.4 25.8
LSE:SDXLong
by vcm11
13
3.35p / 3.53p target slice - 2.30p - 2.50p possible entry LONGWe might not have much of a retrace but I tend to go for the best entry possible, target looks conservative but always best to play it safe & slice never hurts. Miton Group have been loading up on shares recently. 2.30p ideal entry if not below it at 2.05p so expose wisely. Positives: Great asset - Sable Zinc Kabwe Project - The Project targets to produce annually over 8 000 tonnes of zinc, 1 500 tonnes of vanadium and 15 000 tonnes of lead as it ramps up to full capacity over a 2-year period. Cashed up as placing was done at 2.25p just a week or so ago Negatives: Be aware that there is a secured convertible loan note of GBP6.11 million attached to the project Colin Bird is within the BoD CLN's: At any time that the loan is outstanding, ACAM may at its absolute discretion, by conversion notice, elect to convert the loan and all accrued but unpaid interest into 5 per cent unsecured convertible loan notes with a conversion price of 2.81 pence (ZAR 53.98 cents) ("Subscription Price") and a maturity date which falls on the third anniversary of the Closing Date. During the loan period, Jubilee may notify ACAM of its intention to prepay the whole of the loan balance by prepayment notice. On the date of any prepayment Jubilee will issue warrants to ACAM to a value equal to 50 per cent of the amount of the loan and all accrued but unpaid interest thereon divided by the Subscription Price.
LSE:JLPLong
by vcm11