Black Angel

50 days ago

Amaroq fails to make the FTSE 250 cut – I blame Donald Trump & Kevin Warsh

The former ramped up hostilities in Iran over the weekend so spiking crude creating a fear that base rates would have to be hiked to combat oil price driven inflation. The latter suggested rates might go up to combat inflation so from Friday to Tuesday night gold tanked and Amaroq (AMRQ) shares fell back.

67 days ago

Amaroq 205p target from Cavendish but it flags this is just the start

Nomad and broker Cavendish takes an unusual approach to valuing Amaroq (AMRQ) looking at what a predator would pay. Since I regard a bid as almost inevitable if the gold price behaves itself that is not too daft. On that basis it says that its target for the shares, at 105.5p, is 205p. But critically, as you can see below, that is on Nalunaq alone! As a clear pathway to other mines going onstream, which can be developed using internally generated cashflows,  becomes apparent that valuation will only head one way… and fast.

79 days ago

Panmure Liberum Amaroq note target 160p – why am I more bullish?

The note is below and as ever I regard most broker notes as not worth a lot. But have a read. I think the target is unambitious and here’s why.

85 days ago

Tom Winnifrith Bearcast No 1: 30% of my SIPP is in Amaroq, I'm thinking of buying more as I see the shares doubling or trebling

I deal with D&D's latest outburst of Amaroq (AMRQ) Derangement Syndrome, discuss the MRE at Nalunaq, Nanoq, Black Angel, the joint venture and explain how cashflows will ramp up massively over the next 30 months. I discuss the FTSE 250. And explain why I see the shares at least doubling before I turn 61 but how they could actually treble. And thus I am considering top slicing Legal & General (LGEN) to buy more Amaroq 

95 days ago

I’d bet the ranch on Amaroq says Tom from Greece & Wales

Between now and 28th July you can win a week at the Greek Hovel paying just a cleaning and pool fee – by explaining in 300-1000 words why if you had to bet everything on one share on a three year view what that share would be. To see how to enter go HERE and PLEASE KEEP SENDING IN ENTRIES. Nineteenth up is  Tom, currently residing in a Greek Hovel

162 days ago

The Amaroq Capital Markets Presentation : positives and just 1 negative that could be seen as a positive

For me there is just one negative but you may view it as a positive. There are many positives. The Capital Markets Day presentation is below. I offer a few thoughts.

285 days ago

Video: another cracking Eldur Olaffson interview

This time it is on Bloomberg. The Amaroq (AMRQ) CEO really is polished. Again he is talking about Black Angel being in production next year. There is also a question he dodges on whether Amaroq will be a takeover target. I think it more than likely and that if there is a bid an auction will ensue. I am certainly not selling and am delighted as to how my largest holding and a tip of the year again is shaping up. Enjoy

286 days ago

Amaroq – gold production and Impact Benefit Agreement update, shares up but still real upside value

Amaroq (AMRQ) has announced year-end gold production above the mid-point of its production range and pre-final refinery assessment and “the final impact benefit agreement for our Nalunaq mine approved”. How good is this news?

287 days ago

Amaroq CNBC interview, shares go ballistic in Canada

Judge for yourselves what you think of this performance from Eldur Olaffson of Amaroq (AMRQ). As it is my biggest holding, actually, for me, quite a scary quantum, I am very pleased indeed. The big plus points are on Black Angel.

346 days ago

Amaroq new video as cracking new Black Angel grades released: My No 1 holding shines

Today Amaroq (AMRQ) has released new exploration grades from Black Angel, its recently acquired lead/zinc/silver deposit in Greenland. The core grades are impressive but as a bonus there are now indications of critical minerals which will only add to the maths of the project. A polished video which you can see below has also been released. Critically, Amaroq now says explicitly that 100% owned Black Angel will be its second mine, the next to be developed.

470 days ago

Amaroq: something must be wrong? Why?

I am not asked but told that something MUST be wrong at Amaroq Minerals (AMRQ) as the shares have fallen back from the recent placing price of 85p to just 74p. The share price does not lie, we have wholly efficient markets which is why Warren Buffett does not exist.

496 days ago

Amaroq Minerals – We are heading for 100 per cent up on this share tip, shares can double again, targets increased

Writing just earlier this week on the “Proposed equity fundraising and acquisition of additional licences to create a new West Greenland Hub” by Amaroq Minerals (AMRQ) we stated that we consider Amaroq to be well-managed and it has demonstrated an ability to fund and progress projects. The fundraising has now further demonstrated that with it “significantly oversubscribed” despite being at only a very limited discount. The shares were 86.5p but at 85p not £30 million but £45 million was raised. The enlarged market cap is c£380 million.

498 days ago

Amaroq and a bit of Black Angel Leni-Maths

At 86.5p post placing Amaroq (AMRQ) is valued at c £400 million. I think that its Nalunaq gold mine which will be onstream, within months , and its existing gold exploration sites and base metals operations justify a market cap of at least £700 million, 151p. But what of the Black Angel mine bought today for £10 million. It was once the flagship asset of Angel Mining which went bust but before that Boliden mined it very profitably for 17 years. So what is it worth?