Member Info for daramuda

Not something to crack jokes about.

The statement is in my view good given the circumstances. I am also pleased to see the effort now being made by the British government to help out. It could however have come earlier.

As I understand it there is small percentage of shares in pis hands; therefore the majority are in the hands of the likes of Pala and other iis. If you take Gibraltar's holding away from the average pi like myself what we are seeing is a fall in the sp occasioned by sales of stock by pis and one cannot blame them because of the ebola scare. I cannot get a handle on where the bottom may be. You are right in that have been some large trades which I have noticed over the past couple of weeks.

Your emphasis on ebola is made more apt by the effect on the share price resulting from this afternoon's news that the district of Moyamba has been placed into quarantine as well as the district of Porto Loko and Bombali. I may be naive but it would not take much effort for the British government out of its billion plus sterling foreign aid programme to send to South Africa sufficient funds to purchase 600 hospital beds to send to Sierra Leone and for the medics to expedite production of the newly found vaccine to send to the three worst affected countries. Developed counties as well as less developed counties need iron ore and other minerals from West Africa for their industries and the local communities need the income to live.

half year results are due either tomorrow or Monday (imo). Result of the application for the mining licence is also awaited and so on.

What could SBRY do with its property portfolio if it were to open convenience stores in a particular town where there is a super market and then close the supermarket and develop the land subject to planning permission?

should be next week - when there should be a full update.

I suspect the Mining Licence may be granted late October. But bear in mind that there is plenty of equipment to be delivered and the mine finance is still to be arranged. However if Greenstone liked what they saw I doubt that there will be any problem in raising the mine finance. Further I guess that we are still on target for a mine open and production - yes production - mid 2015. Production means cash receipts.

What are your views of the current position if I may ask? You have become quiet concerning Sierra Rutile.

A quite reasonable result. With costs not only under control but also having fallen it would be useful to have higher sale prices and to get increased sales in a delicate way so that any increase in sales price is not damaged. I find it difficult to get details of updated sales price of Rutile.

Thanks; also bbc2 Thursday at 11.20 pm

JC no longer chairman nor non exec director effective 1st July; he can do what he likes with buying or selling shares with no obligation to report transactions.

On the subject of a full listing that is something that Sisay raised with me as something that they are looking at when we spoke after the main business at the AGM when I asked him whether they were looking for an exit despite the conclusions of earlier discussions with a third party. He told me that they have not ruled out an exit but he told me he was concious that as an AIM listed company the share price was more exposed to good and bad news. He told me that he was interested in expanding the share base. He could not have been more right about share price fluctuations given the effect that Ebola has more recently had on the sp. I asked whether that information was privileged to which he replied that he had discussed it with other investors, He also told me that he intended to visit the company's dividend policy. Given the fact that the mine's life span is so long and the supplemental move into agriculture it would be nice to think long term but the company needs to provide some encouragement for shareholders large and small to stay interested and the options to which you refer to not bring joy to the holders unless the sp moves up and that needs some fillip.

No Runner but if the Shares Magazine article contains an accurate interpretation of what MF told them then the resource update should be imminent - early September means early September. Then the rest follows but will take some time. En route or before, the company should hopefully have the mining licence.

has confidence with a late purchase (possibly being worked during the day) of 120,000 at .36. Sisay seems unable to deal with news flow in a way that does not cause panic with the share price. It does not as if today's rns had Pala input. I cannot see that 4 days loss of production is going to break the company.

you could do worse than looking at the company website e.g. the EIA application, the Mining Plan, and the videos (especially last which is an updated tour of the mine released this summer. Also do not forget to look at assets other than Namib.

The answer has to be yes if one ignores the ebola factor. At the agm those at the top table said that they were on target. They are looking to the Chinese market as China modernises and Sisay told me that that market includes Japan. The company is at a large discount to Kenmare when as far as I could tell from one attendee not connected to SRX Kenmar has inferior product and quantity to SRX. The fact that KMR has a full listing may have something to do with that and I know that Sisay is mulling over such a move for SRX . So whilst it is painful at present for us pis, once the ebola threat lifts, we could see a bounce and don't forget Gibraltar 1's point about Pala. Pala are turnaround specialists and they have done a grand job with and for SRX. They don't want to hang around for ever and should a decent price for the company be on offer the company will be taken over with or without the agricultural business..

I agree Chablard. This is a longer term investment. Investors could be in at bargain basement levels and have something to just watch grow. We have a good management with support from Greenstone, Shali etc.

Troajan - a document that you might want to consult for the detail of purchases of equipment, proposed delivery dates etc is the opportunity statement which you will find on the company's website under Operations - Namib - at the bottom of the page Mining Development Plan which if you click will give you that plus the Tenova opportunity statement. The detail available for investors is phenomenal. The work that has gone into this venture is enormous.

Troajan is over cooked through the hot weather - that is all to it.