Member Info for ragnarlothbrok

Been a lot of news the last month or so about the continuous rights issues being used to fund dividends, the level of recurring exceptional charges in relation to acquisitions, restatements of earnings and management bonuses. However a quick look at the cash flow statement shows a healthy operating cash flow position and low gearing ratios. Theres no way this company will get into any kind of debt related trouble. I personally would like to see RPC slow down on large acquisitions and cut down the exceptional charges so to align adjusted with reported earnings. The market needs to be convinced of the top line organic growth and synergies from all these acquisitions pushing up margins and producing healthy cash flow. I'm holding for now, this is long term for me, hold tight GLA

1 month's worth of price rise all undone in one day. Either a retrace back up or the start of a downtrend. We will see how things pan out tomorrow

Thanks Adyan I agree. The new Tanzania laws suggest that there is a requirement to list Williamson on the Tanzania stock exchange. This represents around 15-20% of revenue and probably a greater % of profit given the higher prices. No one is really sure what is happening here as there is limited clarity around the law and will impact different companies in different ways. The customs duty will also reduce margins there. The Rand is strengthening to the US dollar. I simply can't understand why as the country is a basket case but this means SA costs will go up. It's also been a long time since we've seen some exceptional stones and Petra is carrying a lot of debt. This is the transitional year given the move to new ore and passing peak capex. 2018 is where its at, hold tight until then...

The first place that I have seen dividend forecasts is on Digital Look. However from the most recent company presentation the forecast for 2017 PBT is >$15m (£11m sterling) which is much greater than the DL forecast of £6.5m. Whatever the answer SLP is making shed loads of cash and will have paid back its mcap in a few years. http://www.digitallook.com/equity/Sylvania_Platinum_Ltd_DI

Sorry its Liberum

Surprising that the share price isn't performing a little better in the context of the surge in Pd and the fact that it contributes 25% of revenue. Just checked the latest broker forecasts and the broker (Beaufort i think) is forecasting a dividend yield of 3.6% for this year and next.

we would be approaching £2 in June with iron prices as low as they are. I'm guessing everyone has gone quiet here because like me they took most of their profits at around the 1.5-1.6 mark? Or maybe they are just sitting back enjying the rise. Up 15% just this week. Risk on I guess

As long as gold stays at or around these levels I think we'll see a nice steady rise back to 180 (where it was at the release of results). The price is currently still down over 10% versus an increase in PoG since April

I'd be comforted by either of those options as indicators of de risking

Almost no volume indicates very little interest and limited liquidity. Very few buyers for the small amount of sells which are happening. General uncertainty from the election is hitting all UK focused small caps. Perhaps also some uncertainty from the Conservatives proposed energy price policy?

Cheers Visitor. In the latest presentation the first 2 plants to be commissioned under Echo will be towards the end of 2017 so I don't think they can commit to 10 years of consistent production until they successfully install and test the plant. Without this we will see production fall from 60koz to closer to 40. I'm hoping that the BoD decides to return some cash quicker than the 4 years it will take to complete Echo!

Some pretty interesting growth projects planned at HGM. Production for this year is expected at 260koz with a target for 500koz by 2020. This excludes Unkurtash which is targeting average monthly production of 130koz for the first 10 years. It would be good to know a little bit more about how this growth will be financed and how this could impact the dividend but I guess this is AIM and these are all minor details

Its easy to get distracted by the day to day noise of market news. I think its important to remember the fundamentals of the company: - will make money under any price; - we will have close to $20m in cash by end Q2 (and no debt); - based on a current market cap of £32m ($41m) the enterprise value will be $21m compared to an annual EBITDA of $10-15m and $4m of cash per QTR); - we are waiting confirmation of a plan for this level of sustainable earnings to be sustained for at least 10 years with no debt. This all translates into a healthy cash return for those who are prepared to be patient.

There are a couple of 25k sell blocks in the queue at 2.20 and 2.24 which are going to hold this back in the ST. I think there is also some lingering uncertainty about the risks around the transition to the ore in the Western dumps. We need a jump in copper prices or positive Q2 production figures in early July to stimulate some buying interest in the ST...

I've given up trying to predict the ST price with the constant swings in spot prices and sentiment. But I think it will hit £2 at some stage over the next 6 months regardless of what the IO price does. I need to remind myself to look beyond these constant daily swings and think of the positives: - the price is in an uptrend (both ST and LT), and it is now at levels not seen since 2014; - on a valuation basis the stock is relatively cheap (ROE and PE are both extremely healthy); - FXPO will be debt free sometime next year and cost are low enough now that it will survive almost any kind of price armageddon; - it looks look we will get a reasonable dividend under any price scenario. GLA

And today iron futures so far down 6% leading FXPO to be complete reverse yesterday's gain. These crazy daily swings in futures get a bit tiring!

It doesn't really offer the short term returns that many on these boards are seeking but slow and steady is good enough for me!

Such a shame... I'm a long term follower and occasional holder of ABG/ACA and been an admirer of the transformation of its mines into world class assets. This really highlights the risk of doing business in some countries and that you really need to be on your toes when it comes to changing political regimes and agendas. Hopefully they can get over this soon and get back to the business of selling mountains of gold.

Samarco unlikely to resume operations this year. Good news for pellet premiums https://uk.reuters.com/article/samarco-miner-outlook-idUKL1N1IP21G

Interesting update after analyst site visit, especially around the prospective Shuak property http://quoteddata.com/2017/05/central-asia-metals-site-visit/