Member Info for Jonfon

Correct me if I am wrong, but only about half the natural gas production is being sold through the pre-agreed contracts, the rest is being sold on this current major upswing. These hedges end in October, after which only 10 000 GJ/ day was forward sold.
If I am right and we've got the tight winter everyone is expecting, profits should triple.

The exploration will only wrap up at the end of next year and then it will be a few more years before it is mined. I think that too much can happen between now and then for investors to get excited.

Net cash flow positive, biggest interim dividend in companies history, metals at multi year highs with no end of this rally in sight and the share price is dropping. WTF?

By now we will be net cash positive. A lot of money was spent this year on CAPEX, which will depreciate over the next few years. This will reduce the tax bill, leaving a better bottom line. With the recent increase in commodities prices (copper is well documented but less well documented is Zinc and Lead have been at Multi years highs in Q3 as well) this is now a great cash cow.

The negative side is that aqusitisions will cost more as well. My ideal scenario is no aquisition and huge dividends over the next few years. Next best is keeping cash aside for the end of the current cycle when we can pick something up cheap. Hopefully there were lessons learned when Sasa was bought just as lead and zinc peaked.

These should not be trading so low with the pipeline they have. Red Rock Resources warrants were held as security for a loan that has become payable. I suspect it is them who are selling and there's an opportunity to get some shares on the cheap. Even if they just go back to where they were last week its a 10% return .

Robinhoods IPO had it valued at $32Billion. I have been reading reviews and many think that TastyTrade is the better broker. Robinhood attracts smaller investors which gives it more volume, but there's no reason TastyTrade can't move into that segment. IG is piling up its cash and if this is to invest in developing the US market, there's potential for Tastyworks investment alone to make the shareprice more than double.

According the the last company report, there were 14 members of staff. Investing pays for them, but that's not always going to be the case and if that branch of the business restricts cashflow to the point of having to do fundraises then its a poor use of the companies resources.

Since Cobre and KLM are the companies dealing with the drilling, I don't think we need an MTR headcount of more than 4. SFR dividends are enough to pay for that.

I have commented here before about all the small cap trading this company does. It does turn a small profit but its very risky and has never made a material impact on the value of the company. The thing that will see this company go up in multiples is a big copper find. The A4 results show that to be a likely prospect. However, this (and possibly future) fundraises are diluting potential windfalls.

If they held onto the dividends received from SFR and used the small but steady flow of cash that would come in as they sold off the shares aquired thus far, the big prize would not be diluted. They don't want to do that because it would mean cutting staff, who they are clearly putting ahead of shareholders.

I had high hopes for this company becoming a leader in mining, but the leak at Sasa last year, coupled with the unannounced closing of the mill this year and none of their exploration projects seeming to go anywhere, I am having my doubts. At $9000 plus per ton, Copper Bay may be worth another look. They started off really well as a copper recovery company , so maybe they should return to doing what they do best.

Hi Fiercy

Obviously I don't know anything you don't, but when the BMV deal faltered SAU clung on and accepted an inferior offer. If the project was worth all they say it is another buyer should have been found. Compromising with BMV, and letting them have the upper hand with regards to whether they choose to pay cash or shares, shows how desperate SAU is to offload this asset. The way the whole thing has been managed does not reflect at all well on the SAU leadership team who draw big salaries.

That said we still have SFR and I have a lot of faith in the Botswana drill so I'm holding on.

***Sorry, not sandfire. I meant Southern Gold.

We made a big mistake with Sandfire. Then made a bigger mistake by upping our stake when it was time to walk away. It's not the main reason the share price is dropping but it isn't helping things either.

The Q2 report should show the company being in debt. They may not have paid the loans off fully but, unless something has gone horribly wrong, total cash should exceed total debt, even when the previously stated CAPEX is taken into account. Surely that should boost us above £3.

Just stumbled upon this. I think our money is gone along with all the other people he's robbed on the way

http://www.msk-post.com/economics/kononov_and_freydis_fully_ported32531/

The big surge happened in the past month. Probably just the fly by night investors taking their profits and moving onto the next thing. A lot of half year ends at the end of June.

It was said that in the California gold rush the people who really made money were the ones selling shovels. Likewise in the crypto rush. IGG are major players in this space, not only holding hundreds of millions in Crypto for spread betting clients but also charging 25% a year interest on the positions.

Tastytrade also has a Crypto platform. I don't know how big it is, but even a tiny share of the US market will be significant.

Looks like we have a sort of conclusion to the Ofgem enquiry (£12.5 million penaly) which is beeter than it could have been. The complete strategic change is also material, and should be seen as good news, but the drop in revenue is concerning. I guess this has become the poster child for "wait and see".

Paypoint reached a market cap of arounf £700 million before the pandemic. Now it's on £400 million. The loss of British Gas, pandemic impact and regulator investigation will all have an impact, but I don't think they are worth £300million. Especially not when there have also been a number of positives like the promising aquisitions and the big profit made on the Romania sale. I think the CG proce target of around £8 per share is spot on.

He was saying there could be up to 100K tons copper a year within our licence zone. at 2% royalty and $10 000 a ton that's $20 Million a year.

Copper is hurtling towards US$10 000 a ton and the share price is dropping. WTF?