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*Vale (not Bake!)
LSE needs an edit button!.
Hi Albus. Bake announced that they'd extracted first ore from the Eastern Deeps (second deposit), and that would ramp up over H2.
To clarify my earlier post - I do hold ECOR, but I'm on the lookout to add. It's a year of transition for Ecora, and that's showing in the weak valuation. I've got a lot of confidence in this long term - with West Musgrave, Santo Domingo, Piaui all significantly contributing alongside Voiseys Bay
Hi Cach . You know more than me on this stuff but havent Vale only just announced ore from Volseyys so it can only surely be positive from now?
At the moment keeping the faith as should steadily improve post Kestral. Am already heavily into DEC and Taylor Maritime. Any other recommendations for high divs chaps ?
Poor results so I’m out , reinvested for better yield and capital prospects in DEC.
Indeed, a poor H1 was always on the cards. Disappointing from Voiseys Bay - where Vale continue to have problems. Long term this one will be absolutely fine, but problems persist in the near term. I'm a buyer £1.10 and below for a long term hold
I sold earlier. Wasn’t expected a good first half and wanted higher yield. This could pull back a tad representing a buying opportunity if you think copper is about to have its day as H2 should be better.
Usual caveats
Trek
Good news to see a deal, I was beginning to wonder if we would see one this year. Looks a good deal, especially iF mining delayed and then a better royalty figure. Fingers crossed for Wednesdays update
Do holders think its bottomed out now and Kestrel negatives are priced in ???
Some interesting images of the WM development thus far in the tweet below.
Tweet dated May 2023, so 2 months closer to commissioning now...
https://twitter.com/KeithvdKraan/status/1656963238410743808?t=16pFAQmipT9KREcGpA7WbA&s=19
Added a little more today. I'd love Marc and team to be a little more vocal, but the quality of assets coming online for ECOR over the next few years are as good as any in the industry - so happy to sit, collect the dividend and wait for the likes of West Musgrave and Santo Domingo to really transform the cashflow profile
Better than say, RIO.L, from so many angles. But both are expanding copper.
Yes quite quiet.
Yielding 6.4% at 113p and not subject to inflationary costs that miners are its a buy for me
Painfully quite here for some time and the share price seems to be reflecting it .
They don’t say exactly what it means or stands for, but somehow it’s supposed to reflect the commodities required to support a sustainable future. They seem to think it’s obvious but it isn’t to me!
Can someone tell me please what ECORA actually stands for. How the name was actually made up.
I read it somewhere in the past but have forgotten and now can't find the answer.
I suppose the small rise is in the hope we get some reasonable financing news next week
Havent seen anything significant. Is sentiment returning for divi stocks?
Good to see. I've added more too. Good value here, as we collect the dividend whilst waiting for our extensive battery metals pipeline to come to fruition
good news.
on 30 may 2023, mr. bishop lafleche acquired 30,122 ordinary shares of 2 pence each in the company ("shares") at an average approximate price of 111.79p per share.
from 30 may 2023 to 1 june 2023, mr. ***** acquired 43,614 shares at an average approximate price of 111.67p per share.
Quite happy buying around these levels. Will certainly add a lot more if that pound shop begins trading again..
Thanks for that Cach
Meanwhile I might find myself heading to the poundshop in the not toodistant future to load up
Graham
The quarter was reasonably decent. And q2 may well be alright as well, helped if some funds come in from Narrabri. In q3 though, how well is the dividend going to be covered with little from kestrel potntially? Debt is presumably going to rise through the year with payments to South32 and possibly further funding for Piaui. They paid down debt with the windfall last yr, but I can help but wonder if they'd have been better of finding something acretive to plough the money into and continued to carry the debt.
Based on the switch to dividends in dollars, as exchange rates stand now this represents a cut to the dividend for UK shareholders. Of course this could change, though many expect further weakness in the $.