Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
Srb has a less than impressive history to say the least, however with new backers and new board they really seem to have got their shlt together. All looking good for production restart. http://www.investegate.co.uk/serabi-gold-plc--srb-/one/operational-update--progress-on-proposed-acquis---/20130514070048H1356/
http://www.investegate.co.uk/serabi-gold-plc--srb-/one/serabi-gold-and-kenai-resources-announce-propos---/20130507000130H9354/ High grade ore, but don't we have enough land?
Problem is I have no idea whether its going to 180 or not, all I'm saying is that I would see 180 as a good buy, so I would add. If we sold and the sp bounced back a little do we panic and buy back higher and end up with less stock? I'm happy to sit out any dips in comod prices. If you were going to trade it I would suggest the time to sell was on the recent well result at 215p and wait for the pullback, a bit like you've done in CAZA. It's a %age game, the odds of a 10% fall were a lot higher at 215p than they are at 188p Smdr are a solid company with access to substantial cash to grow, that's why they're in my Isa. Whatever the reason I always stick the longer term stuff that i consider 'safer' in my Isa.
Oil taking a kicking on the back of gold. Recently bought these in my Isa, long time fan of smdr. Buy more at 180, then (hopefully not) buy again at 160. 2013 could be a transformational year for the reserves, and all that cash generation to back it up. I've always thought smdr was short of P1&2 reserves to really give the market cap a boost, this could be the year that changes.
is down around $150 recently and around $300 since the start of the year. This equates to $12-24m free cash that medusa will never see if the gold pirce dosent recover. Budgets for the year have just been blown out of the water http://www.bloomberg.com/news/2013-04-15/gold-extends-bear-market-losses-as-investors-reduce-etp-holdings.html http://www.bloomberg.com/quote/XAUUSD:CUR/chart
Was looking at this as a good growth company for my 2013 isa allowance. Will watch from the sidelines for now. Gold around 10% down recently, $150/oz ish, MML taking a beating cos they don't hedge so will take the full brunt of the fall
i know this guy. The whole business model is to consolidate a highly fractured market then sell on to one of the big boys. There are so many of these companys no big player could be arsed to consolidate the sector (although a shrinking sector). Takeover will come one day, no idea when. Look at Rileys holding, soon to join the super rich. Hes already a wealthy guy, built himself a tacky mansion in the country.
Been on my watch list for over 12 months and for various reasons never bought. Not missing a chance to get in at this price. There has been zero negative news here, only negative may be the gas price but it certainly dosent warrant a 50% drop