Member Info for mrmork

Now 100% over 3000 at 3000.8 as i type.

This is a long burner I think. Europe would do well to secure its own rare metals supply, however nimisium and bureaucracy will ensure it takes forever.

I've been tempted to sell many times but always remember it's a long term play

I've actually wondered this. Are there any mechinsiums in place to make sure there's partity or is it just down to the market to buy/sell?

Yup, RNS says:

SDCL Energy Efficiency Income Trust plc is pleased to announce the third quarterly interim dividend in respect of the year ending 31 March 2025 of 1.58 pence per Ordinary Share, covered by net operational cash received from investments.

The shares will go ex-dividend on 13 March 2025 and the dividend will be paid on 31 March 2025 to shareholders on the register as at the close of business on 14 March 2025.

Yep, basically a 6.6% div and the share price is currently down 6%. Any reduction on the discount will see us profit, lets hope it doesnt take too long to get the estate sold.

That's a good writeup, even if some does go over my head and seems to echo my sentiment.

I guess it's just not sexy at the moment.

It's a little odd, and I for one can't understand it. The Divi is covered (just) and the business seems sound. Maybe there are concerns about debt and IRs staying high. Currency is hedged 100% iirc.

I believe a lot of the original stock when to pension businesses and they're divesting from all things ESG and now DEI.

There are now funds being setup to target businesses like seit, undervalued and in the green energy/infra segments.

It's a total shower of s....!

I still think things will improve, holidays are a non-negociable for a lot of people and they're seemingly willing to pay eye watering prices.

They've done well, shares up at over £40 now. Growth with a fat divi is rare so i'm super happy with this share

(Sharecast News) - TBC Bank impressed on Wednesday by reporting record revenues and a big jump in profits in the fourth quarter, with the UK-listed Georgian bank confident of hitting its strategic targets for 2025.

Total operating income was up 22.6% year-on-year at an all-time high of 784m Georgian lari (£226m) in the final three months of 2024, with net interest income rising 14.9% to GEL508m, net fee and commission income up 34.4% at GEL148m, and other non-interest income was 46.4% higher at GEL128m.

Results were driven by the payments business in Georgia and strong growth in Uzbekistan, where TBC scaled up during the year with total users rising 37% to 18m and its loan book more than doubling.

Adjusted net profits for the fourth quarter were up 18.2% at GEL344m.

For 2024 as a whole, total operating income was 19.4% higher at GEL2.83bn, while adjusted net profit rose 15.6% to a record GEL1.32bn.

TBC declared a final dividend of GEL5.55, taking the full-year payout to GEL8.10, up 12% on 2023.

"As a team, we achieved a great deal in 2024, but as always there remains much to do, and we look forward to 2025 being another year of further scaling up our business in Uzbekistan and continuing to deliver strong and profitable growth in Georgia. I am confident we are fully on track to meet the mid-term targets we have set for 2025," said chief executive Vakhtang Butskhrikidze.

Shares were up 6.2% at 3,925.02p by 0854 GMT.

Having a quick read of the results, why is this viewed as bad; afterall this appears to be inline with expectations

Net debt has increased, but this is a result of investment into the airline business i believe

Down 7% to about €7.80, not the best start

My targets are:

- 16-20p in the next 6-9 months

- 35-45p in the next 3yrs.

I was reading earlier that they have another £114m that they want to redistribute. Would apprciate a double check as this is a similar number to the summer when they returned 38p. If they returned 38p then:

Current prices:

SP = 45

Nav = 68

After 38p redistribution

SP = 7p

Nav = 30p

Thats' a big discount, but the issue is we have no idea when the remainder would be paid out!

I think TBC are also doing a lot of buybacks. Good performance regardless and lets hope the results are good too!

I swear there's an advert for every 3 words on that page.

What happens if tariffs are put on gold, would that impact the price?

To new's orginal point, what happens at the end, when Telfer runs dry?

This could be 15 months, we all hoping it's a lot longer; however at somepoint it will run dry. I've got no solid idea, however I assume:

- mine will be cleared up and made safe, are there any long term costs involved?

- the mill will remain open processing ore from other mines.

Telfer

§ Production: 29,864oz of gold and 1,189t of copper (33,882oz gold equivalent1) produced at Telfer in the 27 days of Greatland's ownership from 4 December to 31 December 2024.

§ Mining: 639kt ore mined from West Dome Open Pit, 95kt ore mined from Telfer Underground, from 4 December to 31 December 2024.

§ Closing stockpiles: Estimated stockpiles at 31 December 2024 of:

‒ 10.9Mt run-of-mine (ROM) stockpiles, containing 247koz gold and 7.6kt copper; and

‒ 24.5Mt low grade stockpiles, containing 262koz gold and 12.2kt copper.

- Does the equate to about £1.3bn value of mineral left?

§ Telfer extension: A site-wide mine plan extension target review and ranking exercise is currently underway, with a view to extending the currently defined Telfer mine life. In Mar25, they will evaluate direct tipping of low grade material, maybe whilst the plan is in maintance shutdown

No issues with tailings sam

Havieron

§ Havieron: Feasibility Study work progressed to plan, with completion targeted for H2 CY2025.

My Words – I’m no expert!

They’ve produced more than expected, and the ore grade was higher than expected. Total production of 33,882oz AuEq across the 27.3 days of Greatland's ownership equates to a monthly production rate that is approximately 33% higher than the average contemplated by Greatland's initial Telfer mine plan (426,000 ounces of gold equivalent2 over 15 months, or an average of 28,400oz gold equivalent2 per month)

Dual listing to be between Jun-Aug-2025

SD will be on a conference call Thursday, 23 January 2025 at 10:00 am AWST (1.00 pm AEDT, 2:00 am GMT) - https://webcast.openbriefing.com/greatlandgold_mu_2025/

They have goal options, Average Blended Strike Price (A$ per ounce) of 3905, we’re well above these levels right now.

So they met yesterday and the shareprice has shot up today ...

I guess something positive was said.

My thoughts too. Watched the investor presentation today and they seemed more open than that last time I saw watched one

And the Interim results are released on 04-Dec. Can sign up for a presentation here:

https://sparklive.lseg.com/SDCLEnergyEfficiencyIncomeTrust/events/2e14cb51-1022-43bc-b494-b391cea53c9f/seeit-2024-interim-results-presentation