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ISR resume trading on March 6
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calvinlooi
Senior |
31-Aug-2017 18:21
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I dont really care CT or not CT. SHR is the recent investment, u can check the announcements of MOM. Good if valuation report can come up. Can save a lot of ppl. |
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Thinkvest
Senior |
31-Aug-2017 17:54
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when .006 gone can still sell at .005 but hurry as the support at .005 is weak, is ISR again hiding something from investors?? some CT fans can say whatever but i see the company culture is still as before.
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HappyInvestor22
Member |
31-Aug-2017 17:43
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Haha relax. I'm at a much higher entry pt than you. I've decided to invest my $$ in CT as a risk and foresight venture. If I lose all, so be it also. Haha.
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calvinlooi
Senior |
31-Aug-2017 17:38
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0.006 gone liao, omg. Now want sell also cant liao. |
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HappyInvestor22
Member |
31-Aug-2017 17:19
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I'm still here but just lazy to post anything. Well, i will be here until either the 3rd report or CT decides to quit | ||||
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Thinkvest
Senior |
31-Aug-2017 16:46
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SHR?
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calvinlooi
Senior |
31-Aug-2017 16:42
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Maybe becoz there are other " hot" penny shares out there. The recent investment of $2m into SHR is nothing, only the valuation report can save the world. Btw, juz now someone sold $70,000 shares at 0.006. Haha. |
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Thinkvest
Senior |
31-Aug-2017 16:29
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BTW who are the buyers and sellers at .006 see the forum is soo silent, none of them from here?
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Thinkvest
Senior |
31-Aug-2017 15:29
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Yeah all CT fans disappear already...9 months since last say will proceed with 3rd valuation report, still no sign of it, now that valuation is "much lower" still taking more time, everytime need SGX help to get updates reveal the real story??
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calvinlooi
Senior |
31-Aug-2017 14:44
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Wait until long neck for the valuation report. Good thing is this shares will not drop future, bad things is opportunity cost. Any updates? |
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Carney
Member |
22-Aug-2017 15:03
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Tragically the price of ISR has fallen by 98% from it' s highs of a year ago so I assume that a lower valuation is now priced in. My (low quality) comments were simply to suggest that the recent increases in the price of underlying product (REE) and the quality of the management should be considered alongside the valuation report. | ||||
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zillion
Master |
21-Aug-2017 23:45
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Please familarise yourself what the valmin code report entails m sgx has a you tube channel on valuation on mining n resources companies | ||||
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Thinkvest
Senior |
21-Aug-2017 22:36
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If valuation is that low then God help SGX retail investors, imagine the investors who brought the share when everyone in the management was defending the previous price tag of USD 1 billion, even in the recent AGM there was confidence over the deal, IMO investors have the right to know what led to the "much lower" valuation? the next announcement needs to provide a clear picture of the current status of the project and how things will be going forward. Also there is a big concern that ISR is becoming like other companies in the grip of convertible bond facing continuos dilution of share price.
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Carney
Member |
21-Aug-2017 21:28
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My point is that the valuation now, pre production, should be low but that will be the headline number that the Edge and other newspapers pick up on. The real valuation is when the project is in production and self sustaining. If the derived pre-production valuation is $25m but it only costs $10m to go into full production and the valuation thereafter is $1bn then I would pay attention to the $1bn number and ignore the headlines. | ||||
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zillion
Master |
21-Aug-2017 21:22
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A leap of great faith is a must if valuation turns out to be a paltry usd20-30m. First one to abandon ship will be CT himself follow by Jonathan Lim and David Rigoll. | ||||
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Carney
Member |
21-Aug-2017 17:44
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I hope investors don' t obsess about the results of the third valuation report. To my mind it is a important in that it demonstrates the company is working with and complying with the SGX. This shoudl give investors a little more confidence that the relationship is repaired after the scandals of 2016. The output for today' s valuation should be meainngfully lower than the dodgy reports of 2016. What is more important is the potential future valuation in production. If that is ~$1bn and toady' s valuation is $25-50mn I would view the report as a huge positive. |
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calvinlooi
Senior |
21-Aug-2017 17:03
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Thanks and appreciated for your input. After all, it is about the third valuation report. | ||||
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Carney
Member |
21-Aug-2017 16:23
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Dear All, I have followed both ISR and this forum for some time but this is the first time I have posted. I have a few observations that I hope add some value to the debate. Rare Earth prices are finally recovering from the depression of 2012-2015. This year has saeen a near doubling in many of the elements that the Tantalus (now ISR) project should provide. The Chinese Rare Earth industry really is changing, illigal mnining is finally being properly addressed and there is now a pressing need to find alterntaive sources before others (the US, Koreans and Japanese) do. The fact that the Trump have made REE procurement a prtiority adds to this pressure and is healthy for prices. There are very few, if any, advanced Ionic clay project outside of China and the cost advantages associated with ionic clay projects are massive which is one of the reasons China has dominated this market for so long. ISR seems to be slowly but surely extracting itself from the scandal' s of the last year or so and quietly (sometime far too quietly) restoring a degree of credibility with the SGX. The tone of questioning has improved and clearly Chen Tong is held in high regard in Singapore. This is vital if the project is to succeed. The valuation, when it appears, needs to be understood for what it is. The previous valuations were clearly inflated and the SGX was right to question them. A pre-revenue mine has a very different valuation to a revenue gebnerating mine. So a project like ISR/Tantalus should have a low-ish valuation now but grow intgo a valuation that could indeed match the optimistic reports in time. For what it is worth I would think the current valuatiuon is abouty $25-50m but managed well could be worth $1bn when in production. Bottom line is that I would not obsess about these reports. The key variable in projects like these is Managament, costs and access to capital. With respect to the formerChen Tong is superb and ISR is extremely lucky to have him. Were he to leave the project is finished in my opinion. Furthermore the bad eggs would appear to have all left so he is now unencumbered in running the business in the way he sees fit. It now appears is if the acquisition price will be realtively small (ISR for SGD 6mn in equity) and Tantalus for Euro 10mn. To acquire a word class asset (bear in mind that Tantalus has spent $50mn in development and could one day be worth $1mn) for $20mn is a great deal for shareholders provided Chen Tong can deliver. Once the deal is closed I would hope that Chen Tong can further develop the asset to increase valuation and raise money at a far, far higher valuation than is currently the case in order to enter production. Were that to happen a market cap equivalent to that acheived last year is a possibility. So, in short, I am cautiously optimistic that the corner is being slowly turned albeit this is an extremely risk stock to trade. Thanks for reading and I look forward to your comments. |
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willylo
Member |
18-Aug-2017 00:58
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Sell sell sell, just dun waste time | ||||
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bernardc
Elite |
14-Aug-2017 11:47
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at the side of stinkapore..ny.. same name different fortune.. nyse isr..hahaha |
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