Member Info for Monkshood

note- rsg is not an imminent 250 punt - my understanding is that they are not applying for premium listing in the next year although the intention is that it will come at some point.

I was expecting it to drop -but not that much. it is a combination of a dip after moving up to the 250 coupled with the talk of further regulation/price capping.
Most single company shares are a good punt if they go up mid rebalance (it does not work as well with IT's). You just need to look at what is on the reserve list and see how they trending+Mcap. There are plenty of big boys doing it but if you are happy with 5% or so there is room for the PI's (I think I made about 9% on 888).
At the moment I have been buying rsg (but BigB is less keen ), however I lost loads on mtro this year so I am not sure I am the best to offer advice.....

I would have liked to know who purchased them, however it seems to have settled down now and this is a good entry point , so sold out of 888 and came back in here.

Not entirely unexpected though given the issue at Syama. I thought that the conference call was pretty upbeat for the future. I liked hat they are refinancing the debt rather than issuing more equity as many miners seem to do (and was one of my concerns). Topped up with a few more after this.

Some of the increase is positioning for its (possible ) entry into the FTSE 250 at the next (Dec) rebalance, even if it does not make it in it is likely to be on the reserve list with a good chance of going in on an interbalance deletion.

Up she goes :0) Hopefully the price will hold so that it stays up at the next rebalance.

Like you I wondered if I was a bit hasty, I would like to see what the current cash burn is though so I will probably wait now until after the Jan Interims (unless more info comes out at the AGM) a I am not sure that spending their funds on setting up a new lab before they were further along was the best idea.

I reduced a bit on the news, the longer it drifts into next year the greater the chance of another fundraise, especially with them setting up a lab. The time taken to get FDA approval is always far longer than anticipated, I have a more significant, and longer term holding in TRIST and it has been interesting to see how they have had to keep moving the date for FDA approval. In that case they are generating revenue whist they wait so now less of an issue for me.

Although this puts a clear floor of 70p for the shares I decided to sell out yesterday when it did not pick up after the most resent 4m transfer. I was on breakeven so decided to move the monies to top up my holding in 888 as an index punt, I will probably buy back in again once a clear upward trend is established again.
Beevorma, why are you so positive because it is Invesco? I was hoping that it was a residual Woodford holding (if there is one?).

This is getting near the top of the pile for (re) entering the 250. Possibly what is helping drive the uptick?

My take on this is similar to Big B's , an agreed transfer between two II's . The sale was at a 10% discount which allows someone to get out without crashing the price and allows another in at an entry level which has the potential for a fairly quick 10% upside (why I view this as an opportunity to top up).
The main issue is who were the sellers and buyers. I would be less happy if it turns out the seller was JRB, there is no rush to change the free float and it would imply that he does not see much more of an upside over the next year to offer a better opportunity to lower his stake. When Woodford sold out a chunk of CSP earlier in the year it was done in a similar way to this with SJP picking them up as a block, hopefully it will be something similar to that (especially if it then goes on to perform as well as CSP).
What is interesting are the sells that preceded the big transfers - implies that those in the know offloaded some in the knowledge that this was coming, (with the intention of buying them back a bit cheaper?).

We cannot blame the fall in price solely on Big B now....It si surprising that if they are sells that it has not had a greater impact on the price (which now looks to be heading up.
I took the opportunity to top up with a few more on the low.

I have been impressed by the way in which the management have dealt with the problem at Syama. The rise in the share price is a reflection of this. I fortunately topped up with a few more after the rns about the ex-AGM thinking that there may be some good news on the way before the meeting... probably should have got more - almost in the blue now, I think that it will climber higher if there is nothing untoward in the October accounts and again once production starts again on the Sulphide Circuit.
Dividends (if any) will be announced in Feb with the year end results (to Dec).

From September 2018 report-
Dividend Policy provides for a minimum of 2% of revenue in annual dividend • FY18 dividend of 2.0c per share totals A$14.8m which equates to 3.3% of FY18 Revenue •
Shareholders with 5,000 shares or more can elect to receive their dividend in gold as part of Resolute’s innovative collaboration with the government-guaranteed, Perth Mint.
I will need a significantly larger investment than I have before I could be the proud possessor of an ingot.....

You clearly have far more experience of gold miners than I do, so it is reassuring to see that you are backing RSG.
I only started to look at this as it is held within UTL (which I hold), I was then considering it for the upside when it makes it to the FTSE250. However, the more I have looked at it, the better it looks as a longer term holding . The only other miner I have held is BCN which I have been in and out of making a little each time. The problem with most (eg bcn, sxx) seems to be having enough capital to get them to a point of being cash generative, RSG has just about reached that point so it makes it more of an investment and less of a punt (in my opinion). It will be interesting to see how it goes over the next year.

I almost forgot one other thing - if you hold enough shares you can have your divi in gold!
Topped up again on this mornings dip. Becoming more cautious on averaging down after doing it too much with metro....
Not sure about my strategy of selling most of metro when I did, I would have retained more if they had got the bonds off before I sold. The flip side is that it released cash for events such as Friday. I have been in and out of CSP and had it lined up as an option to trade on Brexit news, I did not realise so many other would as well! I did not make back anything like as much as I lost on metro but it helped a bit.

If you missed out on Fridays rises (and things still look OK on Monday!) then there may still be a opportunity to capture some of it with arr
Yes, I am holding, and yes I am ramping ;0)

A rumour of a take over - it must be Friday

Big B you were asking for a case to remain invested.
Firstly, a warning, I am no specialist in analysing mining companies but these are my thoughts.
The roaster problem although not trivial, is a clear, defined problem which should be capable of being resolved in this quarter. The production report indicates that the mine is on track to meet its full production target next year.
From their Denver meeting report, their forward guidance is an annualised production of 490k; if you total all the estimates in this, the H1 report, and other reports, this actually looks quite conservative, going forward to 2022 the numbers come to nearer 750K (this figure is also mentioned in a presentation in July),
My understanding is that their standard listing is a step toward a premium listing, if the Mcap does not fall further then it should (just) make it into the FTSE250 when this happens.
Risks- gold prices, 2/3 of production is in Africa with associated risks (although with more diversification this is reduced), AISC being higher than anticipated. Cash flow to cover debts.
There is the $130M loan for their purchase of Toro mentioned at the end of the H! report, they say ‘Resolute is currently evaluating refinancing alternatives.’ The loan is for a ‘six month term capable of extension for a further six months in one month increments and is capable of repayment after three months without penalty’. It is not clear what means they will use cover this but issuing equity is always a possibility with the resultant risk of dilution for existing holders. Will reduced production this quarter have made this more, or less unlikely ? The quarterly activity report and financials which will be released at the end of the month may clarify things.

The increasing production rates means that the company is becoming more cash generative, coupled with this now being over more sites, makes it less risky than it was. I am using this drop to top up a little and will review when the financials are out at the ned of the month.
Re metro - it took out a good chunk of my profits for the year but I did not want to be over invested in banks this month. I will probably go back in when things are clearer, although it will mean probably missing the initial big rise.

I cannot imagine that a cracked reactor will be a quick fix .
They were planning on 120k for Q4 so if it is off line for the whole quater then they will be about 30k short of 400k unless they do better on their other sites . Production at Ravenswood was supposed to increase this quarter and Mako seems to be ahead of predictions. It may have been that with no problems they would have exceed their target, so although down, it may not be as much off as the headline guestimates indicate.
The target was only upped in August to 400K (from 300k) when the share price was a lot higher (although people may have been factoring this in already).