Sapan Gai, CCO at Sovereign Metals, discusses their superior graphite test results. Watch the video here.
I also like the look of CGEO, particularly if you haven't already bought in to BGEO. CGEO holds a 20%-ish stake in the Bank of Georgia and has risen at nowhere near the same rate. Results are also out this Thursday which I expect to be pretty decent.
Looks beautiful but.... https://www.timeslive.co.za/sunday-times/news/2023-01-15-diamond-town-with-no-load-shedding-under-siege-by-zama-zamas/
Should give the share price another decent boost
https://www.lse.co.uk/news/sthree-to-replace-shaftesbury-in-the-ftse-250-following-merger-kivqukkgy5hji6i.html
Pleased with the results reported from this strong company, increased divi, higher profit and cash, generally a very positive outlook. I feel like we just need to break this resistance around 420p now to move forward....
I heard about the National Grid warnings about potential blackouts, but I guess I just thought they would be in the middle of the night or at least 'out of office hours' or something. The information given to Headteachers is that the blackouts will happen during the day, between 9am and 12pm.
I'm pretty sure there will be black outs in the UK this winter, although this isn't particularly being reported yet. I am a senior leader in a school and we have been told by the local authority to prepare for three hours per day of no gas/electricity in school. This is being kept very quiet at the moment as only the local Headteachers were told (and mine told me). The local authority haven't said it will definitely happen but just that we should prepare for it.
Thinking about it again perhaps I'm being a bit harsh. I estimated £50m per month cash build on average for July/Aug/Sept, take off the tax and dividend payments mentioned in the video and I guess that works pretty much as expected.
Have faith in the management team. The share price has gone up 50-ish times in the last seven years and doubled in the last year. I agree we need to do something with the cash but trust the board to do the right thing - patience is needed. Again I appreciate I am probably a longer term holder than most people on here but Serica shares have generated significant value, much better than most other stocks over the last few months and certainly better than a bank! Plus there is likely to be further upside and more dividends from here.
Sorry it's behind a paywall but this is interesting from the Telegraph:
"The West must end its dependence on Vladimir Putin. The Russian leader has exploited our need for his country’s oil and gas for too long. We need to take back control.
Later this month, I will set out a British Energy Security Strategy - how the UK will become more self-sufficient and no longer at the mercy of bullies like Putin.
It is crazy that we are importing oil and gas from Putin’s Russia when we have our own resources in the North Sea. It is time to give investors more confidence in British hydrocarbons. That way, we will have more domestic energy resilience as we make the transition to a zero carbon future.
And we will need hydrocarbons to make hydrogen – the low carbon fuel that has perhaps the greatest potential of all."
https://www.telegraph.co.uk/politics/2022/03/14/cannot-go-like-west-must-end-dependence-vladimir-putin/