Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Believing in management and the story is key. This could be a share where dream come true.
I invested in VAL - I believed the management and believed the story - 600% in 8 weeks... these things can happen - you just need patience
We are converting our resource into cash but aren’t getting a near as much as we did last year. As our resource depleted so does our value - this won’t stop until gas prices firm, we get the drill bit out and prove up P1 reserves. See this going to 80p so a hostile take over at £1.20 (50% premium) may well look attractive for the bod and major holders.
according to the accounts to 31st Dec 2019 I would assume that we still have our deposit down for the smelter - see other investments in balance sheet - £377K which will be the covert amount to GBP
Don’t think you are allowed to issues shared at a price less than the nominal price of the shares 1p hence why they plan to do it this way
Couldn’t agree more - the sector is unloved and unlikely to change with more investors looking to invest in green energy / sustainability.
For me, we aren’t growing and this is why the share price is not - we are converting our reserves into cash. Only way we will see growth is if we can grow our asset base and increase P1 and P2 reserves. If we do, and we possibly could with planned drilling or merger, then we may see some appreication out of our trading range. Until then I will continue to wait any by at around a £1 and sell above £1.20 - an easy 20% that could have be achieved many many times over the past 2 years
Things can move quickly as we have seen on Ironveld (anther of GC companies) - last week you would be lucky if there was a trade or two in a day and today 120 trades. Happened all of a sudden yesterday and you don’t know when. Hopefully same will happen for Kaz
A good research document for newbies - always have in the back of the mind that Align have a substantial holing is KZG
http://www.alignresearch.co.uk/wp-content/uploads/2020/08/Kazera_Global_Investments_Align_Initiation_August_2020.pdf
Hedgehog - well put - I invested £5k early days and it went up to £50k. For once I took out my profit and bought my other half a Porsche for her 40th. It’s now 3 1/2 years old and she wants a new one - I am back in with double what I started with at a fortunate average of 0.60p sadly I am well under water with my ironveld shares - it only takes one share to cover many many loses - ride the waves
Maybe the point he is tying to make is that you can only loose the money you invest (maximum downside) but the upside is unlimited - folk laugh and joke about returns of 1000% but it has done it in the past and personally, it was my first share I sold making a profit of 1000%
I would be surprised if a fund manager buys into Serica for a 3p initial dividend. Most days the stock swings by far more than 3p.
It is also worth remembering that when stocks go XD they usually fall by the amount of the dividend immediately
I would see any fund manager investing in Serica as a growth play at this stage
Polinvest
The despot for the smelter £7m Rand was included in last years final accounts (to June 2019) under assets (investments/other) it was obviously converted into GBP for the accounts.
It is also included in the 6 monthly accounts to 31st Dec so as far as I am aware, they still have the option on the smelter. IIG I believe want to Take the business into being a producer Which they quote as being “near term”. Rather than an trading / exporter of ore
A little strange - I have done a dummy sell and they will take all of mine off me for 0.56p - not even a full or kill.
Maybe they are not desperate for the shares at the moment and offering a price not far off 10% less than the bid.
Couldn’t agree more - I was one of the fortunate ones who capitalised at the 14p ish point but keep my initial investment of 2pm - well under water with this and my profit 3 years ago is spent ! Get me back to 2pm and I will be over the moon
think we might well close above - the £7k trade was a buy earlier this afternoon but not enough volume around to move the shareprice that much. There is potential for a good continued rise - just look at IRON - went from 0.4p to 1.05p in a week or so - 170% return …….
I’m going stick with my post of over a month ago - either way, we will know tomorrow
cant see for a minute that they will declare a dividend now when many of companies are slashing/ stopping them. In the time of economic turmoil the strength of a companies balance sheet is paramount - cash is king. SQZ are in a good position with strong capital reserves and no debt, far better than a lot of other E&P businesses.