Member Info for hazrat

Not sure how to prove but my guess is the company has few long term followers. The price rise was due to speculators buying in before the results and then dumped, taking profits right after the announcement. There is also the fact that severe dilution has meant that a cracking increase in profit hasn't flowed into EPS.

That is a shame as it will probably drop back once this flurry of interest wanes. Company is going great guns and 3% dividend on my average purchase price so in now rush to sell. Ridiculously low PE as well.

It is 15% now.

Yawn, just another 5% up this morning. Why would anyone here be interested in this share?

Spread tightening. My shares are now up 20% excluding the dividends. Strong performance and still very low PE.

Probably because there are a few unknowns and problems. Investing is very high risk because we have no idea how big the resource is. The company could be worth �2bn or it could be worth the cash in the bank. Secondly, the discount on the off take agreement at 70% makes it hard for the company to generate much cash and the fact that the deal gives the off taker first refusal on the next 5,000 tonnes after the initial 5,000 means that production will have to ramp up astronomically before better prices are achieved. Could be amazing, could be a great way to lose money. Only good drilling results will increase the SP. At least we don't have to wait for long.

I agree. Has dropped on positive news, I assume due to Brexit and UK economy concerns. I will continue to hold as expect it to grow at a steady pace for rhetoric next few years.

Interest. Good dividend, vertical integration and solid business model, strong earnings and yet so little attention.

On the rise still, hopefully some interest will generate here soon.

Great price rise, increasing dividend, growing securiry in SA but still not much interest.

That is how I got to up to 90k. I am unsure of is the ore %. I think £8 is @ 100% concentrate but as our plant is not yet fully operational I doubt this shipment was. If the resource in the ground is around 70% then further discount may be required.

Dated 4th Oct

Business risks section of final results announcement. So that sale of 25 tonnes would have earned up to 90k depending on the resource %. Not a bad start but a shame the price per kg has dropped a bit from September.

Yes but Sula doesn't know if it has any cobalt yet.

RBW is good for those who like a punt.

For What? A half arsed drilling campaign that almost indicates a possible new iron, gold, cobalt, Coltan deposit. Same rubbish, different country. Fully funded to stick a pin in a map, drill a hole and hope.

Probably wise. I am fully aware this is a punt. Further exploration could reveal the largest RE mine in the world nor it could be a 1 vein wonder that is exhausted in a year or so with all the cash wasted on exploration. Prices continue to rise and article in FT this morning saying that miners are increasingly in control when negotiating supply agreements. Supply is limited and demand is growing so looking positive. Hopefully when up and running the offstage arrangement can be renegotiated with more favourable terms. A 70% cut seems over the top to me in the current market.

I know, this is despite very positive coverage in IC. Cheap at the moment so room for SP growth

Quite right, missed that.

It is good news. Disappointing that there were no details on quantity which is probably why there isn't significant share price movement yet. However, going in the right direction.