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hey lluka get lost. and mnsr sisay-youd better set up another independant board like last time. no way is srx worth that crapppy offer price, esp in light of the turnaround-even when pala came on board we were a oe trcik dredging poney, now were a mlutiple movable dry mining op with the jorc being largest in world and capable of running to 250kt per annum and more. your having a laff lluka, get lost, srx-youd better not even be entertaining this at this price. suits lluka -certainly does not suit us. lloks like were going back to same methods as when pala tried taking over srx/txr a few years ago- 47%, bouncing along to 54% with further increased offers, 25p-30p-35p etc. and weve come oh such a long way since. get your grubby paws off lluka we aint for sale get it? corbs :-)
Try double that lluka
hes been there before.
I see Sissay is at Toho Titanium. Looking at the size of their balance sheet and indeed their product range and in turn their need for rutile perhaps these guys could be the missing link. Given hardening prices this must be the kind of operation that would look to acquire SRX.
Higher corbs!!! PS Much higher. PPS At long last.
its been a long time 4p-80p, now 20p to....... where will she settle? best wishes to all holders. Corbs:-)
Since my last post, the SRX historical chart is missing data. Is this just a simple glitch? It now shows a huge drop in August 2013 before 12 month flat line.
I believe that we see you 42 pence in the next week or two. The 200,000 trade this afternoon can be read both ways but in reality one way; if someone wanted them (i.e. bought) they got them; if someone sold them then someone wanted them to take them.
Thank you for that reminder tigerwoody. Also I do not forget the former chairman Jan Alex Castro paying up to 60 pence per share. I wonder if he still holds his 2.5 million plus shares since he stepped down.
Remember this? http://www.proactiveinvestors.com/companies/news/53407/sierra-rutile-climbs-on-bid-approach-63378.html It was thought that the value could be double of what it was then. The improvements and output are now significantly higher. It was 60-70p in November 2013.
I believe that we are all agreed that however the near and middle future works out, Sierra Rutile is very undervalued by the market. The infrastructure, mining techniques, production and economics of and in the company have changed exponentially for the better since 2011. If Pala were prepared to bid 30 pence per share for the company in 2011, that figure has been left far behind.
5p is fair value here !!
No idea if Sissay is prone to tweeting his adventures, assuming not, one can only deduce that this is a big message to his shareholder base that he is about to do a deal! Chinese wanted it last time, all the factors are right now including a weak pound for them to make another bid!
Solid
I spoke with the marketing director just before the Ebola outbreak took a real hold and China was his bag. I also spoke with JS on the same subject. The fact that he is there does look as if there is every possibility that he is going to tie up a deal.
With the environmental changes in China, they can't use the low grade product of the past and have to move to chlorine process . If he can break in to the biggest pigment producing country in the world then I don't care which hotel he stays in.
Certainly knows how to spend shareholders money. Only two other people can afford to eat in the restaurant, More staff than guests.
Very interesting tweet . https://t.co/NOs98oHJYV
I did also mean to add to my last post that the weak pound also makes an all share bid for an overseas buyer at least 10% cheaper than it was pre-brexit.
I think todays activity should not cause very much excitement. Less than 0.20% of stock turned over today hardly spells a takeover activity. 13.5M last week should have caused slightly more of a stir. Todays activity is simply a reaction to some positive press over the weekend following the RNS. What is interesting however in my view is how and or why the market makers seem to have let the brakes of the stock in the last couple of weeks. Similar turnover last year did not move the price so why now something is a foot and I would like to bet without an approach the SP now moves seamlessly on to the next broker target price of 42p. I for one will not bet against an all share bid coming along. The fundamentals are all in place and perhaps these price movements are the beginning of the end of a very long chapter in the journey that is SRX.
It looks like there may be a Wedding or a takeover in the air. This is definitely a strong HOLD.
just short of 700K traded today. Decent rise. If there is a predator is that predator hoovering shares which some holders are selling? Still no announcement of a holding.
Not seen quick rises like this since 2011-12. I wonder if some kind of news is leaking? Fingers crossed.
i think pala should hold on for longer-could be more than one buyer coming when the time is right and ganga will make a real diff to our figures moving forward now, as will next ikea flat pack-sen--i still maintain 250kt per annum and more is feasible in the near term , in line with prices firming too, not forgetting the drill campaign done not so long ago looking for furthering the massive jorc we have-there will be potential for more than ganga and sen, as long as infrastructure can support it. think the lows back in 2009-txr days with wayne malouf etc were 4p gib :-)))
A good exchange. Tom Winnifrith included Sierra Rutile in his blog today. He likes SRL which for TW is exceptional since he is for ever pulling managements apart. Gib knows that I have been around since 2011 since when, like you, Ninedoors have added. There have been highs and lows for investors; at times desperation but the stalwarts could see what Pala were doing to improve the business which was not helped by the fall in rutile prices and then the Ebola crisis. The business has recovered and as Gib states Pala have turned the business into an efficient business. A potential buyer not only has an efficiently run business, but also a time wise the beginning of another cycle in rutile prices and there is still the Sen mine to come; a good time to buy the company.