Member Info for Cacher

Update on West Kytlim and Monchetundra Projects West Kytlim Eurasia commenced mining operations at its 75% owned West Kytlim Alluvial Platinum Mine in the Ural Mountains this year (See RNS dated 1 September 2016). Shipments of raw platinum concentrate to a refinery in Ekaterinburg continued through the mining season with a final shipment in the second week of December. A final statement on revenue from Platinum, Gold, Palladium, Iridium and Rhodium revenues is expected from the refinery in January 2017. The project is performing well, while the deferred payment basis from the refinery (which is a high credit rating company) required the use of a debt facility from Sanderson Capital Partners (See RNS dated 21 December 2016), partly as a temporary interim financing. Monchetundra A Feasibility Study "TEO" (Technico Economicheskiye Obosnovaniye or Technical and Economic Feasibility) was officially submitted today (22 December 2016) for approvals at the State Commission on Mineral Reserves ("GKZ"). This document, considered equivalent to a 'Western' feasibility study, documents the economic extraction of the reserves already identified at two open pit targets on Eurasia's 80% owned Monchetundra License. The reserves, when approved, will represent the maiden reserves defined for the license. In addition, an Engineering Procurement and Construction (See RNS dated 10 October 2016) contract ("EPC Contract") is already in place with Sinosteel, a Chinese state owned group operating primarily in mining, trading, equipment manufacturing and engineering. The signed EPC Contract has an obligation for Sinosteel to provide $150m financing, subject to certain conditions, with production to commence on a turn-key basis by Sinosteel. Further updates on both the West Kytlim and Monchetundra Projects will be provided as and when information becomes available. Semenovsky Tailings ("STP") Metallurgical Study Update Eurasia, working in partnership with Metal Tiger plc ("MTR"), is pleased to report that the Company has received results from the latest phase of metallurgical testing undertaken on STP samples by the Chita branch of SGS Laboratories. Further to our update of 4 July 2016, which reported fire assayed gold and silver results from Eurasia's 2016 sampling program to be in-line with previous workers' estimates, we are pleased to report results from cyanide bottle roll test-work and an optimization study for each of cyanide concentration, retention time, fine grinding and oxygen/ air sparging.

As mentioned, the Mcap will be £41m. Major shareholders as follows: Bailiwick Investments Limited - 13.4% Pula Investments Limited - 12.2% Miton Asset Management - 9.8% Nigel Wray - 8.1% Legal & General Investment Management - 6.7 David McErlain - 4.9% Jeremy Peace - 4.9% Albert E Sharp - 3.3%

Lol. Sounds pretty good to me Dibs. Undervalued, and it'll move fast when some decent volume returns. Quite clearly many drivers for that to happen soon.

Cameron Parry up first - so well worth a watch. Very clear that in his eyes the company is extremely undervalued, and is expecting a very bright 2017/18. Quite clearly confirms the bank balance too.... https://youtu.be/Ip0BD3Fp_fM

https://youtu.be/fX41GWYlNHA

Courtesy of zcaprd7 The admissions document is a good read. Looks like a great deal. Ebitda is £5m. And no debt, so the next deal can be financed without significant dilution. Also, they bolster their management team: 2. Key investment proposition The Directors believe that, following the Acquisition, the Enlarged Group’s key strengths will be: ? Ownership of a self-sustaining profitable operation, with a long-term track record, which generated £5.0 million EBITDA and £5.4 million net operating cash flow for the year ended 31 December 2015. The Board believes the Acquisition will provide a cornerstone business, offering immediate scale to the Company, revenue diversification and the opportunity for the Company to partially fund future acquisitions. ? It is the current intention of the Directors to pay out a dividend to Shareholders as appropriate with regard to the Enlarged Group’s future acquisition strategy and dependent on available cash resources. ? A committed Board and management team with proven experience in the construction materials sector, including within Aggregate Industries itself, contributing significant existing knowledge of Ronez’s operations. ? Significant operational experience via the retention of Ronez’s management team, adding over 60 years’ experience in operating and maintaining assets in the sector. Given their experience, Ronez’s management may be involved in appraising future acquisition opportunities. ? Jersey and Guernsey are both stable and developed jurisdictions with governments committed to ensuring local supply of aggregates and construction materials. ? Ronez is the market leader in the Channel Islands where there are high barriers to entry and the Board, along with the existing management of Ronez, believes there is potential for increased efficiencies.

http://www.investegate.co.uk/sigmaroc-plc--src-/rns/acquisition-of-ronez-limited-for--45-million/201612150703268937R/

Certainly doesn't take much to move this. Results should make interesting reading, and a positive forward looking statement may see this pick up very well indeed.

Aquisition of Ronez approved: https://twitter.com/tweetingtom_/status/806555257639669760

A flurry of director buys today. Good to see.

Our view: Marston's reported a good full year performance, having delivered LFL sales and profit growth across all divisions. As noted previously, the Group operating margin declined by -0.5% to 19.1% due to lower margins in Brewing, reflecting the pub supply arrangement with Thwaites and the continued impact of franchise conversion within Taverns. Although the margin declined, Brewing division saw overall ale volumes up +13% with its largest brand, Hobgoblin sales up +13%. It also successfully expanded its market share to 27% of premium bottled ale and 20% of the premium cask ale markets. Operating margins at Destination and Premium remained unchanged at 20.5% despite the National Living Wage impact. Looking ahead, the Group suggested the first few weeks of the FY2017 had been "encouraging", that it had seen no noticeable change to the trends experienced in FY2016 and that it is well positioned to capture growth in FY2017. Marston's targets opening at least 20 new-build pub-restaurants, including 3 Revere bars and 5-10 lodges during FY2017 with majority coming in the H2. The period-end net debt to underlying EBITDA was reduced to 4.8x (end-FY2015: 5.1x) and the Group is expecting to reduce this further over time. Although the effects of cost-led inflation and general inflation are expected to hit the UK next year and weaken consumer spending power, we believe Maston's has sufficient momentum to achieve further growth and its progressive dividend policy aiming at a cover of around 2x over the medium-term should ensure attractive shareholder return. Given the shares are valued at FY2017E P/E of 9.9x along with dividend yield of over 5%, it remains attractive and Beaufort therefore reiterates its Buy rating on the shares.

Added a few more too. As you say, great yield and clearly a growing business.

Looking good http://www.investegate.co.uk/marston-s-plc--mars-/rns/preliminary-results/201611240700079962P/

Still hugely undervalued here. Can see 4/5p in the very near term as commodity prices continue to strengthen.

Added a handful more at this very generous price. Decent divi, and the added benefit of a shareholder 20% discount card.... Useful when there's an outlet a stones throw away..lol.

Not sure if anyone has posted, but Damille Investments are in the process of winding up their investment company, with the sale of all assets. Their last circular stated they owned 5.5% of OVG, so expecting some selling pressure over the short term. Apologies if this info has already been posted - I haven't trawled back through the chat

You're right Iwonder. MTR paid 1.87p initislly,then took part in the recent placing at 2.5p. MTR have their critics - didge being one of them. Can't blame MTR for pocketing some profit...

Doubtful. The sp is well supported around 0.14, so I can't see it falling below unless any negative news hits. We should learn about the revised timetable to production within the next few weeks, so that should provide some impetus IMO. GLA

Yup, I added more in the low 130's too. Decent update today, and clear business is stong. GLA

#CGNR decent coverage in the FT weekend noting #MTR investment. P18 of the main section.