Member Info for djgod

HMS prices are rising. Unfortunately, 80% of 2016 production already contracted. This will result in a small increase in average price unless production is significantly increased. Very quick production increases are possible in dry mining. It may be that major shareholders wish to keep the share price depressed.

Perhaps, the share price will rise even higher if more FORD FIESTA TITANIUM'S are sold.

Agreed

I remenber that Jan Casro , one of the previous directors bought about 2M shares at around 50p

I think you need to pay for that info. Its not a traded commodity.

Gib has been far more heavily invested in this share and a lot longer than I and probably has more information. I can only base my opinion on what I read in company reports, disclosures and presentations. Let's hope rutile prices do not fall further.

It was only an opinion. Jan one of the directors who may have had an insight into what the other directors at Pala were thinking bought a lot of shares at 50p. Pala is the major shareholder and at the current SP even paying a 100% premium ie. 49. 50p per share, it is less than what Jan valued the shares. I believe that Pala must be interested in taking the company private and perhaps later a public offering when/if the bottom line improves.

The company does not appear undervalued given its current earnings. If the company manages to carry out its plans to increase production and reduce costs and the rutile price does not collapse and the Ebola epidemic subsides, it could be worth a lot more. Saying that the management have some credibility having performed well during a difficult period. The agri business is small and is unlikely to make a significant contribution for some time.

I believe it is only a matter of time until this company is taken private

The ASX has a more liquid market in these shares

The end of SRX as a listed company appears to be on the horizon and should take place before the company expansion is completed a Rutile prices increase.