Member Info for ragnarlothbrok

Nickel is expected to be in surplus over the next 2 years as Asian supply restarts, and the battery revolution is only expected to really ramp up in the early to mid 2020s. The majors have plenty of time to drill their own extensive properties and find their own nickel by then.

Nice ramp free summary, thanks for posting GK

He seems to have endless wells of cash waiting for buying opportunities

I've been averaging up along the way, I picked up a large chunk close to 15p from memory so return wise not that great. I've got a large chunk in my ISA in expectation of a 5% plus divi for the next 5 years...

All kinds of shi* gets spouted on Twitter. Worst source of company news around. The miners are all focusing on brownfield development and cash returns. Can't see any interest from the majors in early stage development projects in anything other than copper for now.

The whiners who bought in at 4p and sold at a loss have moved on. The quiet times are when you get the best prices

PPI also came in 0.2% over estimates and helped nudge gold back into the 1350s.

Interest definitely snowballing. �75k sell didn't impact SP at all this morning, volume looks to be steadily increasing and spread narrowing. 16p looks to be the new support level. 20p was my ambitious target around 6 months ago which doesn't seem so unrealistic now. 7 trading days until results

The weakness of the USD is propping up everything right now, gold, oil, metals, emerging market currencies. Are you expecting downward revisions to US GDP in the near term? I would have thought given the wage and inflation data the ST GDP outlook is looking pretty solid

The 4% rise in the SA index today and the level of the Rand definitely suggests some hope in the future of South Africa. Good momentum heading into interims, USD weakness benefiting all metals and miners. USD basket looking good but Rand basket falling, I guess that's the trade off for an improved operating environment in SA

Ah the PIIGS. They keep saying they're going to fall over but it never happens. Just like the Italian banking crisis. i'm ready for it!

Hey Shareminator our paths cross in the precious metal deep value space again Golds move was interesting today, after the inflation data it immediately plummeted when the market started pricing in 4 rate rises this year, but then the spectre of inflation snowballed all afternoon and suddenly it was 1350. This is a very significant technical level, if it can build around here it will be very positive for gold and PMs in general.

Agree Renroc do your analysis rather than chasing the herd. Don't trust anyone who doesn't support their opinion with qualitative analysis

Back towards 600p again. I banked some profits here at 565p, I was starting to get uncomfortably overweight after the recent 60% rise. This situation reminds me of last year where the BoD set the bar very high leading into results causing the SP to succumb 30% to profit taking. I intend to learn my lesson from this and make sure I bank some profits on the way so if it does follow the same pattern again I'll be ready to top up. Fundamentally I think this is a sound business with great cash generation which I intend to keep as core holding.

Those buyers got a great deal. Kenges sold his first tranche of 10m in October last year at �2.20 and the SP never even got close back to that level. The register is a real who's who of mining value investors: Blackrock, Orion, Majedie, Miton, own around 45%

Cash = �67m Old Facility = �86m New SD Facility = �55m Total cash and facilities are over �200 for a �68m MCap. It doesn't stack up and doesn't bode well for their confidence in the existing business to keep such a wide buffer. A 10% buyback would no doubt lift the share price. I sold most of my holding on the run up to 60p and now glad I did. I will let the rest ride in the hope that retail can milk the hardware cycle and break even, and that with SD involved they can accelerate the roll out of Belong and increase marketing spend. With such a high cash balance I think downside is relatively limited

Check out CAML's Kounrad operation for another example of in situ Cu recovery. There are a number of reasons why Kapunda is not directly comparable, for example Kounrad is recovering metal from previously mined dumps, and its had help from a devalued Tenge, but this demonstrates the value if you can get the ISR process correct and cut out mining costs. Grades run at a measly 0.10% but it consistently produces at the bottom of the cost curve and a 60% plus EBITDA margin, allowing it to pay dividends at all stages of the price cycle. https://www.centralasiametals.com/operations/kounrad/

Through its 30% shares interest and 50% JV interest SD owns a beneficial controlling interest in Belong. Very shrewd from Ashley, bought GG shares at depressed prices and paid �2.5m for 50% of future eSports earnings, and can pull the plug whenever he pleases

Gold stocks down along with gold and everything else, typical knee jerk reaction to the sell-off. I topped up a few more at 1.40, this has been very good to me over the years and nothing fundamental has changed. Based on 2016 operating cash flow of $136m, issued shares of 325m and an exchange rate of 1.38 the dividend yield would have been 4%. Based on H1 cash flow and a higher PoG in H2 the yield may get to 5%. At this yield and in an inflationary environment which supports PoG I am happy to hold these for the long term. HGM have proven they will fund development though low priced debt rather than dilutive share issues so I can't see the number of shares increasing. There is further upside from Baikal and if they can find a partner for Unkurtash, lowest quartile production growth could continue for many years. Production will really take off in 2 years and the yield will jump substantially.

A lot of holders sitting on profits on this one, can't blame some profit taking can you, especially in the current market environment? 6m shares dumped in the first 30 minutes of trade which set the tone for the day. Its simple buy low and sell high (and a bit of pump and dump) If you believe in the story smile and say thanks for the cheap buying opportunity. �19m market cap for three exciting assets and a pipeline of news flow. I'll happily top up if it goes below 3p, but I think the new round of buying won't let it get below 3