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ISR resume trading on March 6
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Thinkvest
Senior |
25-Sep-2017 16:10
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Still waiting for a follow up announcement from the current Leadership, particularly the ones who have mining experience have to come out and share their views on the report, provide true details current status of the project and the milestones they intend to achieve along with tentative timelines, it is then market can start changing views about this counter. I think at this stage the people who buy can consider investment safe, those who buy earlier at 2-3 cents not sure if ever can recover their money back.
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zillion
Master |
25-Sep-2017 11:37
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final piece requested by sgx and once sgx gives the green light can get on with the exploration to realise the hidden value in the ionic clay! | ||||
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calvinlooi
Senior |
25-Sep-2017 11:06
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I think not so fast. By seeing the chart: 1 Those buy at morning 9.00am are done by retail investor / BB. 2. Those buy at morning 10.30am are clearly done by BB, you see the buy volume will know it. I think the accumulation are still in process. Once there are clear new, for example responces to sgx queries (sgx like to ask for every isr announcement) and follow up on EGM for takeover, then the price will be pushed up. Advice is not to buy now. Still very risky. |
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dyingcat
Veteran |
25-Sep-2017 11:00
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Patiently wait to clear mine at 0.008. Will it happen today? | ||||
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KeyMaster
Member |
25-Sep-2017 10:39
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http://www.isrcap.com/attachment/201709221841451715219519_en.pdf | ||||
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HappyInvestor22
Member |
25-Sep-2017 08:51
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Let the trading begins this week. ^^ | ||||
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Thinkvest
Senior |
23-Sep-2017 14:58
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Will wait for the followup announcent from ISR leadership, what do the experts at ISR think about the valuation report and future potential? Now that they have accepted the really low valuation of SGD 65 mill by the strict VALMIN code. BTW the RE prices they have considered are from July which are 25% less than the current prices. So as per current pricing valuation will be higher and RE prices are expected to rise over the next two years.As i said earlier RE has potential, its the company that has all the problems.
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dyingcat
Veteran |
23-Sep-2017 14:12
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Rights? Who will subscribe, given US$48m valuation? But don't worry, isr still has rcb from value capital, worth half of the valuation.
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bernardc
Elite |
23-Sep-2017 13:28
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look like another rights issues ...coming
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zillion
Master |
23-Sep-2017 12:03
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of course must go ahead with the mining of rare earth elements. report uses market cap. comparisons and willing buyer/willing seller basis. well done. but the potential is still in the ground which 3rd report did little or none to dispute the hidden undervalue tonnes of ree. 1st stage done. next stage is the mining stage-long way ahead. at such low valuation at number of shares I do not see why it should not capture more than 0.01123456789.
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calvinlooi
Senior |
23-Sep-2017 02:12
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Looking it positively, now this mining project become project A and can be proceed. There will be some project to be proceed in future also. The current share price is $0.005-0.006. Can this project generate more earnings per share to current price? If the answer is positive, after generating, the company still can go for other projects with positive earnings in future, and business turnaround occurs. I understand 48m is very diff from 1 billion and I do expect to be much better than that. The relevant consideration factor is to use current market price Sgd 11m to compare against Usd 48m, not the sky high price of isr where the con happened. |
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dyingcat
Veteran |
22-Sep-2017 22:54
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Recently Isr divested to Hi-Rel which mining expert Chen Tong may have no knowledge abt. Some more this Hi-Rel has not produced any revenue. What kind of confidence has CT given u?
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Carney
Member |
22-Sep-2017 22:31
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There is some truth to that! That said the report makes good reading if you do think it is a con because the authors have been on site twice, read everything there is to read and studied the results. | ||||
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ranthana
Senior |
22-Sep-2017 22:30
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Sgx has listed many con companies in SGX. Never buy anything in SGX. Too many cheaters..cannot trust SGX.
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Carney
Member |
22-Sep-2017 22:27
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The current implied valuation is $48mn but this can and should rise dramatically once a few key tasks have been completed and I am sure that CT is working on those. The cost of completing an environmental report and pre-feasability study are relatively minor but if they do complete those then the valuation will be $200-300mn. CT is a mining expert so this is his strength so I think it is reasionable to be optimistic. | ||||
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azzazazza
Member |
22-Sep-2017 22:23
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I really dont know what to make of this situation,48 million is really not alot for a project once flagged as being $1 billion by those con artists that previously ran the company. Myself, as I can imagine so many other investor really are really facing dissapointment with this stark reality facing ISR. As mentioned buying at 0.01 level, just getting money back seems like a long shot goal. What does ISR have now as a valuable project??? what can increase its market cap to previous highs and remove it from this 0.01< price level ?? Yes the honesty by Cheng is good but now all we know is that ISR has no good projects to put out to the investors. The Madagascar deal in my opinion may not even go through with such a low value as effort may be better spent else where. Keen to hear what others think about this announcement. |
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dyingcat
Veteran |
22-Sep-2017 20:59
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Last Sep 4 investors were conned to subscribe shares at S$0.085 per share (total $12m), including Chen Tong. Now the valuation came out at 4% of 1st n 2nd report. Where is the money now? Is the rare earth still worth exploring? Learn from Value Capital better. Subscribe to RCB and easily make at least 10% each transaction. | ||||
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HappyInvestor22
Member |
22-Sep-2017 20:47
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What we need is an honest and capable management, CT is proving this point to non-believers. I am glad the project reflected a reasonable fair value and I look forward to potential investors who see potential in CT. | ||||
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calvinlooi
Senior |
22-Sep-2017 20:39
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I think ok leh, at least it can proceed. The increase in share price really can save a lot of ppl. |
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Carney
Member |
22-Sep-2017 19:37
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The valuation of SGD 65m equates to ISR' s current market cap of SGD 11m so in this context it should not be viewed too negatively. I know that people in this forum were hoping for a far higher valuation but this is a far more credible report than the previous versions and the valuation would inevitably suffer as a result. The fact of the matter is that the previous owners did a very poor job of developing the project and money that should have been spent advancing the project does not seem to have been used wisely. The authors of the Valuation Report are unusually clear on this point. It should be noted that the report clearly states that a discounted cash flow (DCF) analysis is not possible until further work is done, all if which I assume CT will be doing. If and when this is done a far higher valuation is likely so if people still believe in CT then the bull case, at least at the current share price, remains intact. |
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