sniffs22 Apr 2015 22:39
Good to see you back :-)
re the broker ratings- major ones had txr (now srx) back in 2009/2010 for 50p even when she was circa 4p. back then they were stuck with one dredge, no pala and all kinds of issues. world rutile prices back then werent great just after recession-possibly about similar prices to current. so now we have most infrastructure in place, upgrades and maintenance all done, updated diesel gennies, world class team running from top down and production ability to go to the margic 250,kt per annum, and the broker only punts us towards 29p? bonkers. oh and since then srx have increased the asset through drilling and jorc, part way through the green gold agri bus growing programme, part of the mou with the hydro electric jv, and mark b determined the value of 15 or was it 13 rare earths that constitute circa 2% content within the rutile. if the REE is actually viable for processing it would add billions to srx value.
im not a scientist but from recolec only 2 of the 15 REE were potentially toxic- since the REE news came out and the sp went kaboom from the sub 10p days, nothing has been heard of it since-obviously mnsr sisay doesnt see the ree as part of the bigger plans -but srx through pala do see a sale of the mineral part of the company when the right offer and company comes along -pala have already achieved their ambitions in part-turned the company around-yet the directors (pala boys) are still buying which suggests they are here for a bit longer yet? possibly to see the next 2 parts through as per todays rns, in which time the rns fails to mention the agribus will be starting to yield returns and more news will have been delivered on the agribus increased programme and take up.
(assuming ebola is dealt with and not a longer term lingering issue-noting srx has not had ONE single case of ebola within its tenure etc.
just some thoughts-corbs:-)