Member Info for daramuda

Nicely put. Up for sale. But where did those shares go to last Friday and subsequently and where from? They have not gone to or from Pala for other wise there should have been an announcement. under the rules.

In my view excellent; upper end of projected production and demand for product present. The shares deserve a re-rate in any event even though there may be no corporate activity which I believe that there is.

What I have been looking for are tow things. First Q2's figures. The company has normally been reliable in releasing those on or about 7 or 8th July. Today is the 13th and nothing so far. Secondly I have been following your hunch and expecting an RNS confirming that Pala have upped their stake and gone through either a 1% or 2% increase in their holding. Nothing in that direction. I therefore wonder whether the two large Friday trades have gone from one or two iis who took part in the recent placing which did not need to be reported because that or those iis did not have 3% to start with (you will recall that there were no announcements from a new ii following the recent placing) to a predator who is still below 3% and therefore does not need to declare his/her/its hand. Or someone is not playing in accordance with the rules. Either way this feels as if SRX is in play as you say.

I spoke to Michael Barton at last year's agm. The partner for the hydra project could not put in the money; I think therefore dropped. M Barton stood down subsequently as chairman. I did not go to this year's agm. I think that Gib is right in that something is bubbling be it Pala winding up to make an offer or a third party is due to. For srx 91ks worth of buys this afternoon is a lot; after some pis sold this morning. I guess quite a few long termers lost patience and saw an exit with this morning's rise. Nice to hear from you and do what the medics tell you to. I have an interest in BKY (uranium mine in Spain) and DJI which I think is a fascinating company. I compare it to Paysafe (formerly Neteller) in which I had stock in mid 2000s

Either way, the market is firm in SRX this morning. I really do hope that patience will be rewarded. Wager on!!

One of the large trades was of 6,557,786; the other was of 5,870,000 1% of the share capital amounts to 5,957,900 shares. If Pala shed the higher amount then that is more than 1% of the capital and therefore reportable to the market. The two together would amount to 2%. If the buyer or seller was say another ii then the first of the trades is reportable to the market I consider that we will get an announcement.

Agreed

Good to hear from you. How are you holding up? OK? May be at last eh?

I would have thought so but even if they have there may be restrictions on sales; either time restrictions or in order to keep an orderly market. the RNS made it clear that the money is needed to progress talks with third parties; hence I believe and hope that there is a further deal to be announced soon. Further it seems that as from 13th June DJi has become a SETS traded stock

I do not know if anyone is following today's SRX trades Over 13 million shares have been traded so far. Gibraltar/Ricky??

It could be that a new deal expected with part of the first tranche of the placing.

It is the second quarters figures that I await; we may get an inkling as how Gangama is performing and may be a comment about sales prices other than the contracted product. Brexit is imo irrelevant to our investment in SRL. Indeed most mining stocks have moved ahead. As either you or Ricky or ANOther (forgive me) has commented our trade is in dollars and so any profit will on conversion benefit.

I have been to the last two years agm had a chat with JS. What he suggested would happen has not materialised save for the mini placing and introduction of Legal & General to the share register. I cannot see how Pala will get their return unless a third party takes the company out and there is no sign of that happening unless the company properly promotes the company or declares a dividend. For me JS is proving no more than a manager. Pala have got themselves locked in by their own actions. The company has three brokers; what a waste of money. At least the board have stopped awarding themselves cheap and undemanding options.

My info is all in the public domain.

I guess may be tomorrow, I doubt as a result of the suspension of online lotteries that 2015 will prove stimulating but there may be a good forward looking statement and may be a treat or two.. SD - did so last week. Markets go up and also come down. DJI is an unusual stock. Let us hope that the management deliver.

The Mandarins as you put them may see an opportunity.

and nothing has changed with the company's rutile assets nor the infrastructure.

In time to deal with questions resulting from the interims and other issues e.g. new appointments?

I am with you on the points that you make DShox. I am pleased that SRL are able to forward contract because that gives certainty as to the majority of the annual sales. The company can benefit in addition to falling costs of the 80% of sales plus the others additional sales that are contracted during the year. Should demand pick up further and should demand outstrip supply of the type of rutile that SRL mine, thus leading to a firming of prices profitability will improve. In my view should the sales price firm during the year the 80% or so contracted for 2017 will be at higher prices (so my theory goes) and with production being ramped up through Gangama, 2017 could be one of the best years fro Sierra Rutile for some time. I still have my suspicions as to Pala's motives and its attitude to pis.

I have added over the past few weeks in the hope if not expectation that he stock will move forward. But how do you think the Pala stumbling block will be removed?