Member Info for hxulcolrdoh

A = YCA price = £3.33
B = shares issued = 183238901
Market Cap = AxB /1,000,000 £609.45 M

X = U308 price/lb = $48.95
Y = lbs held = 18805601
Z = dollar rate = 0.820
U308 Val == X x Y x Z /1,000,000 £754.48 M

Discount to NAV = 19.22%

Agreed risk/reward looks good.

The price of YCA typically trends towards it's NAV. Currently it is about 18% off.

Risk : the current uranium price (~$49.5) could come off to ~$40 and if the link to NAV asserts itself - nothing lost
Reward: the uranium price could pick up again (as it will over the long term) reach $60 and if the link to NAV asserts itself you'd be 50% up.

Alternatively the world and YCA with it could go hell in a hand cart. DYOR

I'm still interested in your predictions for SLE Alaric. What are they ?

Surely your NUMEROUS and PROLIFIC posts on SLE are not just the noise that you apparently abhor ?

I wouldn't worry about it frus.

Apparently (in his own mind) Alaric is the only person worth listening to and (in his own mind) has a witty put down for anyone else who comments on the board.

Where I am up 60% on the year with SHEL – SLE has been dead in the water. I made the comment that they will probably return to the market in time to catch the next down leg having missed the up leg. Apparently Alaric disapproves.

I’d be interested the wise witty and knowledgeable Alaric’s price target for SLE when it returns.

They probably will return just in time to catch the next market leg down have missed the leg up.

"Gem Diamonds Limited (LSE: GEMD) is pleased to announce the recovery of an exceptional quality 245 carat white Type II "

https://www.gemdiamonds.com/photo-gallery.php (click 'Daimonds')

Agree a pause is a slight positive but the uncertainty is likely to cast a dark cloud over companies potentially affected by it.

If it came to pass
- when would it apply ?
- at what rate ?
- what would be the impact on GEMD ? (given that the input costs to mining are massive I'd have thought proportionally substantial ? )

I keep looking at GEMD as a potential value play and keep coming to the conclusion that it exists to serve parties such as 'controlling interests', 'govt of Lestotho, Clifford Elphick/Michael Michalakis etc long before ordinary shareholders.

From an ordinary shareholder point of view GEMD is a punt that they find enough big stones that after everyone else is sated there are some crumbs for you.

From that point of view - you might as well buy a lottery ticket.

I watch BMN from the sidelines looking for signs that it might be due a re rate. Apart from random tactical opportunities such as Russian sanctions I’d judge that at least 1 of 2 things would need to happen

1) BMN need to demonstrate that there are a low cost/bottom quartile/efficient/reliable producer of vanadium - and/or
2. The VFRB market achieves its speculated potential and BMN show they are able to profitably take advantage of this development

I know ‘they have plans’/’are working on it’ in both areas - but they don’t tick either checkbox for me. For now a long term hold would be a speculative punt (though I’d say for now the downside is low)

I know that BMN’ers are touchy lot. Can the usual BMN apologists not bother being appalled/offended at the above. It is just an opinion. I suspect it is held by the broader market and that is why BMN attracts the current rating that it does.

On June 2nd 2021 GEMD closed @ 75p and management were given the authority to repurchase up to 14,016,955 shares.

One year later they have purchased 1,415,745 (and these have not been canceled ?? ) having sat on their hands November through March when the average closing price was ~49p. Purchases only started in the 3rd week of April 2022.

Clifford will probably mutter at the AGM that he doesn’t understand why GEMD attracts the lowly valuation that it does.

I’d respond either

a) it’s his job to ensure that it is not mis priced and he has been an epic fail or
b) it is correctly valued.

In either case he is not worth his over inflated remuneration package of £1,006,724 (2021). No doubt he will be looking a cost of living increase.

Perhaps people like the cut of the new CEOs jib ?

https://www.lse.co.uk/rns/XLM/appointment-of-chief-executive-officer-i8p4zrrfd3914as.html

Perhaps XLM have turned a corner and have a brighter future to look forward to ?

https://secure.emincote.com/client/xlmedia/2021-full-year-results

Good to see. Of late there has been a big stone drought.

I've already filled my boots and trying very hard to maintain discipline (and not buy more).

but if they salvage the MPNU thing I might just throw caution to the wind.

Useful documents to be found here ...

https://www.seplatenergy.com/investors/research-and-analyst-coverage/

I agree SeaTank that SEPL should generate a lot of dosh - but 2 points ..

1) about 40% of SEPLs output is gas and gas revenue is only a fraction of oil per kboepd
2) about 40% of the oil revenue is hedged for 2022 @ $55/bbl

I have don't know the ins and outs. Just musing.

I'd have thought is was either contractually agreed or prescribed by law. In either case I'm surprised that ExxonMobil given their experience and resources are allegedly wrong / incompetent.

That if you got into bed with NNPC then they'd automatically have first right of refusal should you decide to move on.

It could make it difficult to get out of bed / discourage parties from getting into bed with them in the first instance.

I'd suspect it is a maneuver by Hanno aimed in some way to square himself up for the 'Seritza loan'

Having appropriated solar initiative 1 lets launch solar initiative 2. It worked once. It may work again. Regardless there is an opportunity to raise funds from the feeble minded and keep the circus running.

(and who would have thought Mozambique would have had a climate suitable for solar projects)

Can we take comfort from - by 24 June 2022 'at the latest'

I''d propose an AGM motion to buy Clifford an accordion ..

https://www.bbc.com/news/world-africa-61097386