Member Info for ragnarlothbrok

And all the best LTS. I'm still surprised to see this hasn't pulled back yet, someone is providing support at 18p. I'm keen to see the latest production results. Anything around 18,500 oz for Q3 and we are in business

Hi Visitor, I think its just a case of they can't afford any large scale greenfield developments. They are desperately trying to reduce net debt so they can resume dividend payments again. They are worried they are being left behind by the other majors and following the same strategy of brownfield investment and cash preservation. It's too early for me also, I had a few but sold them for other opportunities after the Vale transaction. I'll need to see some finance derisking take place before I get interested. They will need at least 10 times their market cap to get both projects off the ground. There's going be some massive dilution over the next couple of years.

Earnings are higher? http://www.4-traders.com/CENTRAL-ASIA-METALS-LTD-6677266/financials/

Thanks TBTT. We know what happened the last time China cut off rare earth supply to the market. It could be chaos if China decides to retaliate by implementing export quotas on rare earths again. I wonder if Trump truly understand the nature of his dependence on imported raw materials

Here's an idea: Take the 5 year EPS, dividend and share price history of INSE and put it next to UTW. Mindthegap two questions: - how many times have you read the notes to the INSE financial statements around revenue recognition and working capital? - are you the child of the chairman of UTW?

And raerae is back to waste 5 seconds of my time again with more narrow minded observations. Still waiting for that 17p entry point it seems.

Updated their expectations with a broker note. You will need to register to read this. Their expectations seem conservative in contrast to the relatively bullish statements from management http://www.progressive-research.com/tearsheet/research/sopheon-plc/sopheon-powering-ahead

Nice results, well done to management for getting those last few deals over the line in December. 4th quarter revenue was huge at $10m. Dividend is tiny but hopefully this is the start of a long prosperous journey of a strongly growing progressive dividend

Hi afrc, You should look at the debt ratios and the ability to service debt rather than the debt itself. Compare the debt to the equity of the business and also to the EBITDA. While debt is �15m the market cap is around �120m. Thats a low debt to equity ratio. We have �11m EBITDA which is less than 1.5x EBITDA which is not stretchy. The board will have a target ratio in mind (which I hope is under 2x). The still have a large unused facility which I suspect they will only draw down as they continue to bag more EBITDA to underpin it.

Good day for PMs after the rise in US interest rates today. Ex Lesedi the basket is $1100 (only 3% from the peak) and 13,000R. Rhodiium has cracked 2000/oz. On the downside the USD is down against every currency. With only a handful of trading days to go in Q3 the ZAR basket is down 5% v Q2, and the rand is up by 12.5%. However I'm expecting a 5% increase in production which will hopefully support scraping out a small increase in EBITDA v Q2.

Happy with this result considering what is happening in the UK retail sector. The div yield and cash balance helps to limit the downside (Net of advanced payments, cash is �26m) while the deeply negative working capital position is a strength of the business model and limits the need for debt. Interesting to see if their lower marketing spend is a continuing trend to lower costs. A reliable 7%+ dividend yield growing by 5% on average per year is a nice counterbalance to some of the riskier elements of my portfolio. May add some more in the new tax year as well.

Shakey and TBTT if you get a chance on Thursday could you ask about any feedback/interest over the last few months, and in particular around the December capital raising, from institutional investors ? Thanks!

Hey TBTT, I can see similar numbers on Digital Look. I would love to know what that $10m revenue is before TK take their cut. Must be around $40m gross if they take 75%. Margins look pretty healthy, EBITDA margin must be north of 60%. https://uk.webfg.com/equity/Rainbow_Rare_Earths_Limited_NPV

They gave almost all headlines away in the trading statement in January. But now it will be in a nice presentation. What we don't know are PBT, EPS and dividends. Maybe they will show us the contribution of the acquired businesses as well which will help[ with the 2018 forecast. There won't much of an outlook statement either. Hopefully no negative surprises. Not expecting much share price reaction.

No doubt there will be profit takers Hugo. Its AIM and they ramped it up hard in two trading statements so expectations are running high. Last year there was a 20% retrace after results. But there was no sudden drop, it was a very gradual downtrend from March to August so you'll probably get your chance to sell in an orderly fashion in the next week or so. But there are only 10m shares on issue so things could get interesting if they get bullish. We've all seen how this can pop 30% in a week. If in doubt you should always top slice some profits. This is AIM, who doesn't kick them self for being greedy when they have a chance to take some profits and it disappears?

Based on 2017 cash generation of $5.3m and revenue of $28m I'm pegging EBITDA at $7.5m and pre-tax operating profit at $5.7m. Second half cash flow looked a touch weak at $2.5m so will be keeping an eye on receivables and deferred income. I suspect they may have got those major new deals over the line towards year end so cash flow after year end may be strong. Not sure about the dividend, but it seems they have hit the targets set out in 2017 half year. A dividend covered 3 times would give somewhere between 10-15p per share and a yield of 2% ish. 2018 looks very BRIGHT, H2 revenue was $17.5m so if they can hit that for each half next year that is already a 20% increase in revenue. This is underpinned by the strong order book and recurring revenue but will require the sales team to keep winning the big deals. On revenue like that we could be looking at expanding margins and a pre-tax operating profit of $9m. I thought that maybe this was getting ahead of itself valuation wise but my forecast implies a 2018 pre-tax P/E of only 11, and paying a dividend we could see further gains over the year. Will be punching the results into my model on Thursday morning and passing judgement on 2018 outlook. Looking for guidance on investment in sales marketing and product development, they seem to have opportunities aplenty right now... GLA

More than doubled in a year

The 2002 mining charter applies to holders of mining rights. As far as I'm aware there is no plan to expand the chart to include processing companies and this was indeed briefly mentioned in the parliamentary committee meeting, you'll have to read the document below to find this, though it is an interesting read and worth the slog. You can see on SLPs corporate structure that Volspruit, Grasvally and the Northern Limb projects all have the 26% BEE ownership element in the company which holds the mining license as dictated by the charter. The tailings retreatment holding companies are separate and owned 100%. PAF's corporate structure looks a little more complicated so I can't really tell what's happening there. But it looks like Elikhulu has a BEE ownership element so an increase to the BEE ownership requirement would probably impact that company. Sorry I don't have the answer but this is exactly the type of uncertainty that is stifling the SA mining industry. I have a small holding in PAF for which am down over 50% so I feel the pain as well http://www.panafricanresources.com/about-overview/company-structure/ http://www.sylvaniaplatinum.com/im/files/documents/Presentation%2027%20Feb%202018%20AB%20Final.pdf https://pmg.org.za/committee-meeting/24710/

I haven't seen a single mention of this in any of the UK news. And like Visitor says SLP doesn't have mining licenses (except for Grasvally, Volspruit etc which aren't worth anything anyway). It would impact SLP if Samancor production was somehow adversely impacted. I'm hoping that the SA govt wouldn't introduce a new charter that was so draconian miners would be forced to curb production or even go out of business. But I'm not confident of this.

MTR have a bagful of cheap warrants themselves so I dont think they're too worried about that