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19/09/14
21:34
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Originally posted by Mitzu007
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I've researched matchbox and I don't believe that 4 bill to be correct. Silverstream have non dilutive agreements relating to production. End of September will see the end of con note dilution. Then there should be a change as results are released. The market hasn't moved with this stock and probably won't until later this year once the overhang is gone and revenue is coming in from a range of sources. Either way... The market cap doesn't reflect the myriad of revenue streams from a range of resources available to the company. Add to that large tenements and mining licences. Far ahead of others in this price bracket.... Seriously. More than just potential. A significantly derisked penny dreadful that should only go upwards. I go back in at 0.007... Which I think is a bargain. More than my previous purchase and subsequent sell. But things are now much clearer. If people really did research they would see the gains these guys have in gold and copper. In a few months to a year it will be a different story. Many have missed out on other players that once started with micro caps. Management have been smart and have delivered. Once the con notes are gone this will develop. Too many positives on offer. Maybe people just think... If it's too good to be true... It must be a lie. But I think this is a company moving forward and this is the bottom level. Imagine if they found a shit tin of high grade copper over the 9000ha on top of the Gold. Or an IOCG deposit/silver at Tumi. Anyway... Those are extras on top of great fundamental and a retarded share to enterprise value... Time will tell. I'm not trying to sound too bullish... But a 50+ market isn't unreasonable based on current fundamentals. DYOR and see what you really think of the market cap for what's actually on offer.. Here's a list:
Toll treatment of others copper + gold.
Own Copper
Own Gold
Exploration over known tenements that actually have been mined and have resources. 9000ha with approvals in place..
Ownership of processing plant (no development costs... But capacity increasing & cost-cutting upgrades). No more leasing etc!
Approved mining licences.
Long term in-country knowledge and relationships.
Possible big finds at tumi.
Get past September 30 and the con notes and this should go up significantly.
DYOR shouldn't be a flippant throw away statement with the stock. It should be a wealth creating exercise... (Unless management and their releases are full of crap).
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Great post Mitz and good to see back on board
As it stands now we have 2.47 bill shares on issue and when the con notes are done by 30/9 there will be 2.6 bill, no where near the 4 bill matchbox is on about. Something no one has mentioned is we now have a mill, we have another assert worth $5.5 mill on top of our current net asserts as per last half year accounts of $6 mill.
$11.5 mill in asserts and profits now pouring in, with only a MC of $16 mill