Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
From Peckers56 over on Advfn BB.
At today's AGM. As usual, for a REIT, only ordinary shareholder there and no presentation. In a Q/A, Manager/Board confirmed the following [a] gearing at 20% (which they think is low), [b] nearly every property has an EPC rating in the A-C range so little "money" needed to bring the rest up-to-standard), [c] the current bank loan lasts until 2025, [d[ although rents are inflation linked nearly all have a cap of between 1 and 4 percent, [e] since financial year end there have been no buys and one sale in August (but nobody could remember where it was located), [f] do not do buy-backs. When asked to compare themselves with Impact Healthcare (their only competitor in the PDUHC sector), they agreed IH's SP performance was slightly better and it had a better dividend yield, but put this down to IH having "older/used" properties (which Target had looked at but rejected), which still needed improving to obtain an A-C EPC.
No idea Ivormoney, I’m guessing we get taken out long before we see any dividends. Two Low cost Tier 1 assets, just can’t see us being independent for long as an operator. 51% is in the hands of others who will dictate how we go on from here.
But yes dividends, if I’m still holding by then would be nice.
Only a small position here and happy with the RNS update.
Only a small holding here, however, I will be looking to add a few more shares as funds allow. Hopefully in the low 40p zone, but won’t be complaining if the SP moves upwards before I’m able to add.
No idea if it’s a good point to get, but decided to re-start a position.
Always a volatile IT, so no point timing my buying points. Just think the opportunity to hold companies that might be next mega cap along with Private holdings I’m not able to get a position directly in is worth the volatility.
Agreed, should make for a good call later today.
Tend to agree Metalhead. I hope some interview might add a bid of clarity and so make PJs excitement contagious. (Rather it not be a case of @ 600m down, it will probably stay there if it’s not much of it).
Fingers crossed it’s all positive. But I’m no geologist so hope someone will be able to shed some light on this RNS.
Did manage a small top 1000 shares) up this morning, now upto 17.5K shares. Appreciate not a large holding to many here, but a decent size holding for me. Will add where I can but probably need to wait for dividend to be paid before I can top up again.
Also have more dividend payers and miners in my portfolio. Not so much cash though, at least for now.
Hopefully as the dollar weakens this has usually signalled a rise commodity prices. So all things being equal by the time we are in production the price of nickel may well be suitably better, thus compensating for any dollar/gbp weakness.
https://twitter.com/camlmetals/status/1570022178539638786?s=21&t=t5u0f_8vFM05Cbck0oTWaQ
https://youtu.be/3_niWmLTLQ0
So debt sorted and 10p dividend. Increased production.
All looks very positive. Or am I missing something beyond outside factors of a recession impacting demand.
$CAML has had its @MSCI_Inc #ESG rating upgraded to an ‘A’. This improved rating highlights #CAML’s continued efforts with regards to monitoring and maintaining a safe and sustainable environment for all its stakeholders
https://twitter.com/camlmetals/status/1569261612430663682?s=21&t=WIzUUI99EQOcCXTtbxb8Cg
Did add more myself, further 2500 shares, but into my SIPP. Will see about a similar top up in my SIPP if I can. Feel we might get a run up on the results now this is debt free.
Not sure if we see a special div/increase in div if there is news on potential other opportunities. But happy to steadily build a position here if news is generally positive.
Meant 9% yield. (Getting carried away)
Taken a small position (5K shares) here. As is typical, no sooner do push the buy button, the price drops back. Lol.
Still 10% is a decent cushion. If some funds free up later may add more later.
Good to see another chunk of cash added
Another way to view the recession and higher interest rates for HZM is:
1. We are fully funded and our monies are in USD. So any exchange conversion to the Real should be positive.
2. As we aren’t actually mining the price of Nickel is more conjecture for now. Our low breakeven should work in our favour should Nickel move into the teens again.
3. Other miners looking to get funding for development are going to face stiffer debt rates plus probably needing to pay more for equipment/Labour due rising prices. Not to mention lower nickel prices will impact on them too.
In the meantime any news on the progressing of Vermelho and we could be moving higher.
The price may drift around on sentiment and opportunities to top up will no doubts be there. I’m happy to hold what I have here and my other commodity plays.
Good luck all holders and those who top up.
Assume that 6m late registered trade is a buy? If that’s so, its a serious investment/intent to put down in one go. Taken me a lot of trades to get my shares, lol. (Appreciate others here may well hold a lot more than that).
Hopefully it bodes well for a pop at 1.7p and over.
The Stockbox Q&A is great a listen and will try and listen again over the weekend.
Good luck all holders.
Good to have met you (RightOn) and the others at the AGM plus post meeting discussion/beer.
Thanks for offering to put some words down.
Came away feeling good.
Might want to look at HZM. Been holding that for over 5yrs (post PFS on one of their 2 Tier 1 assets) and they are only in the early stages of construction of phase 1 Araguaia having raised well over £600m in equity / debt. It’s a big job to get that far and most juniors never get there. Reckon the best option is sell the asset on or partner up with a big player if they really want to get to production.