Member Info for ragnarlothbrok

There is historical information in section 26 for SASA which shows PBT of $64m in 2014 and $46m in 2015. Zinc prices dipped significantly to around 70c/lb in mid 2015 and the price is now double that so PBT should be a lot higher after adjusting for the strength of the EUR.

Agree, I would have liked to have participated in a rights issue. Hopefully the bookbuild is done at least at the current SP

Creation of a multi metal producing, high yielding company with 15 year+ mine life. Hopefully haven't bought at the top of the zinc/lead price cycle, mining M&A always seems to happen then

Results next month. Hopefully making a profit and paying a divi

I have finally cashed in my chips at a heavy loss after several years of underperformance and non delivery. SP in free fall as the bad news just keeps rolling in and i just cant see any opportunity for good news until H2. I may be looking to get back in at a later date when i see some debt is starting to be repaid but for now I suspect that maybe some shorters have got the scent with net debt well over current market cap and increasing over the next few months. 50p seems a possibility

Great result! Based on current growth rates will easily exceed consensus. Net debt/EBITDA of 0.6 will improve by year end. FCF a bit weak, adversely impacted by working capital, the Cerberus closure and acquisition integration costs. Mgmt have guided further significant capital and exceptional spend in H2 and there is always an acquisition lurking in the background, all reasons for prudence on dividend. But they generate far better ROE than I do so happy for them to reinvest the cash. Always potential for special dividends if they can't find anything of value.

SP is down today because results are disappointing v expectations. This is a £100m company on a forward P/E of 23 times. 4% sales growth is well below expectations and they will need to deliver H2 YoY sales growth of 32% to hit £32m in sales. The comment about sales being more weighted to the second half supports this to an extent but investors need to see results rather than promises and 'significantly ahead' can have many meanings...

Dropping like a stone. Shire reports in USD why would sterling impact the SP?

Liquidity is very low across the market so there are no buyers to meet the sellers

You got it DP. Currently 10% down, shaking off all the traders. I'm hanging in for the next wave up

Closed above 4p today, up over 20% in a week. Just goes to show the benefit of buy and hold, blink and you'll miss the gains

I would have thought there would be more reaction as this means the risk of a rights issue is limited given PDL is pretty close to being net cash flow positive

I guess we'll find out today :-)

Notgreedy you are a prophet. Except it was 3% not 2%

It's not very material but anything could happen here https://www.digitallook.com/news/small-caps-news/tanzanias-bulldozer-turns-attention-to-diamond-miners--2846918.html

What happened to the buyback? Haven't seen any purchases for weeks, is it still happening?

Look at FXPO and EVR. Two companies that experienced severe price declines in their metals markets and were forced to reduce costs and cancel dividends to ensure their long term survival. Sound familiar? When prices recovered in their markets (steel, coal, iron ore) their businesses were lean and mean enough to introduce a sustainable dividend policy, under which they plan to make payments throughout the cycle. Sure both had huge debt burdens and there are many differences but the themes are similar: their SP growth correlates directly with resuming cash returns to shareholders. FXPO has ten bagged it over the last year and EVR tripled. Given SLP is debt free I can't see the same returns but I can see the market getting excited when the market realises this is a pure play PGM exposure that can pay a fat dividend for at least the next 10 years

Perroverde Ive looked hard and I can't find the turd. The platinum industry has been pretty depressed for a while now and platinum stocks are unloved. SLP also is planning a large cash outlay in 2018 - capex $10m/Phoenix $7m which I believe that they can fund with cash from operations at current prices. Project Echo raises some doubt but these guys know their stuff and I think they'll commission these new plants with limited fuss. There's no reason why an annual sustainable dividend of £3m couldn't be paid to shareholders (10% yield) under any price scenario given costs are at the bottom of the curve. This reminds me of HGM a couple of years ago. POG was depressed but at 40p HGM was still paying a 10% divi. Gold has now recovered and HGM is now 160p paying 6%. At the time I couldn't believe what a steal it was. Similar story with CAML and copper. PIs probably turned off by the high spread, lack of liquidity and lack of news flow but there is a growing insto contingency holding this. I'm going to be patient and wait like them for this to be rerated as an income stock, I think by Q1 next year

And £15m in cash

Apologies Garyn, didn't realise that it was a poster who wrote the article. It's a decent summary of the speculation. I dont think anyone believes that CAMlL is interested in AYTM (except AYTM shareholders) but it its all a bit of fun in the absence of any facts