Member Info for Gwillerz79

I thought we were due to recieve a divi today of 5c....nothing received by me. Did anyone else get theirs? Thanks

Hi wadz I agree £20 may be more realistic this year but I'm also thinking the cash position and balance sheet net assets are far better now than at the start of 2020. We haven't paid divis now for 2 year ends and they will continue delivering significant quarterly profits fingers crossed. I think the net assets as at now are the equivelant of $160m stronger as at now. With quarterly profits of 150m gel, that could equate to a further $140m over next 3 quarters.

$300m stronger balance sheet should equate to £4.50 on the share price in q1 next year compared to q1 2020.

Sorry for waffling but very happy to hold this cash generative under the radar stock and looking forward to divi being reinstated

Results are now as strong as pre covid and we have had 3 quarters of improving underlying results. Net assets are far stronger than pre covid as is cash. I'm personally aiming for £20 to £25. Reinstatement of dividend will certainly help this year

Does anyone know what the actual forecasted income will be from the new acquisition? Thanks

Looking forward to results here in Thursday. I think the dividend will be reinstated and hopefully another quarter of strong results. Was lucky to get in at an average of £7.70 here and feel £20 is more than possible when we get back to some normality

Does anybody know the Brent price for which our liability would reduce to zero? Thanks

Payment day not ex dividend day

Really hope it stays at this price for dividend day. Looking forward to a cheap top up!

Was today at $141.5. The pellet premium is at $28.1 making circa $170 per tonne. We have CD s cash cost of $40 per tonne.

I know we have central / distribution costs on top but given we produced 1m tonnes in October we must be raking it in. The last ops report also confirmed we are now producing and selling 67% fe? What is the premium for that?

I'll be surprised if we are not in a net cash position come dec 31st. This is my largest position and I'm looking forward to continued excellent divis and 20m tonnes per year

Very happy with this mornings results. This is ticking over very nicely and I'm very impressed with how management have handled this year. Latest rns confirms interest margin will remain stable moving forward which means q4 should also be in the q3 range. Very happy with that.

They have significant liquidity and over £500m of net assets on the balance sheet. Lending is up and no divis this year means cash will continue to grow. I am looking forward to divis resuming next year and continued sp growth to £20 +

Q3 results are out tomorrow. Hopefully building on positive news from Q2

I think the meetings are this afternoon between 4 to 5pm. But I agree am expecting an update this evening or tomorrow morning

Assuming all goes to plan with the bonds this week, do we envisage we will also get an update on confirmation of bank loans this week? Ie so that as l funding is sorted this week? I think they mentioned they had credit approvals for 136m....would be good for this to also be confirmed if its part of the package moving forward

From the last update it states we shipped a trial shipment of 67% fe. Does anyone know the premium this commands vs 65% fe? Thanks

Many thanks just found out. Cheers

Is there definitely an update tomorrow? Didn't the q3 update earlier this month replace it?

Natural gas back at 42p per therm and I can't believe we are still at this price. Just taken advantage by adding further to my position at 95p share price.

My initial reaction was a little surprise at the rate however they probably had little negotiating position in today's environment. Even if they refinance the full 80% which is unlikely, 80% of 412m euros * (.975-.575) is incremental interest of 13.1m euros per annum or 12m gbp. That is only if the full 89% is taken up which is unlikely. We have saved far more than that in cost savings ytd. On the positive the refinance looks like it's getting sorted allowing them to progress with certainty and increasing credit again

The directors certainly seem to think the shares are good value down here. I do too. I believe there is a significant upside here when sentiment changes in the industry. 2 years ago they were trading over 900p. It took them 2 years in 2016 to go from 232p to 933p at its peak. I'm very happy here at these levels and certainly going to be patient.

Thanks cacher. The us g involvement is a big thumbs up for me. If they can progress the project forward I think the option to further increase our royalty will become a very valuable asset. Think I worked out at 24k tonnes per year it could have a 30 year life. (Hopefully my sums are correct). What a deal that would be!