Member Info for raxfactor

Nice to see us moving back up towards 100p, and hopefully beyond, if you follow Eric Nuttall, very bullish oil, with China demand normalization on the horizon, the largest release from global SPRs in history coming to an end, supply growth structurally challenged, and OPEC spare capacity on fumes, we remain bullish heading into 2023!
If he's right we can expect a lot more than 100p.

That was exactly my point, anyway it is what it is, hopefully our next financial figures will lighten up the doldrums we are in sp wise if not operationally.

Yes it's very nice to see this bounce back, of late companies seem to be hammered for every setback.

With the gold price heading in the right direction surprised we have not held our recent high, still all our news has been positive so our day will come.
Interesting article regarding central bank's buying gold especially emerging nations.
https://www.sharecafe.com.au/2022/11/25/central-bank-buying-props-up-gold-price/

Ken your predictions are based on what?
All I see is a fantastic asset consistently devalued by rns's like this one they always focus on the negative aspects of the business although to be fair this negative and can't be spun any other way.
They also have habit of wasting cash is this another example.

Since becoming operational, the RUPS has proved successful at mitigating electrical supply disruptions in accordance with this objective. The capital cost of the RUPS is estimated to be $20 million, up slightly from the previous estimate of approximately $18 million.

Hopefully prices will hold and when the next financial results are released even they won't be able to put a dampener on those other that to state we think prices are heading lower.

Thanks for the link Dave, no reason to suggest its not a reliable source.
Interesting especially as its showing an ath for the price of ilmenite just goes to show how much faith should we place on brokers notes?
I would of thought though brokers in general should have a good grasp of current trends, and the market in general.
Now and again I go over to the BSE site and have a read of their recent RNSs as reference to the info from our company and trends in product prices.

New broker note out

Kenmare (“KMR”) reported strong Q3 output on 13th Oct, recovering from a weather-impacted first half. Average realised prices for KMR’s products increased for an eighth consecutive quarter, with the majority of sales for Q4 already contracted. We continue to model declining prices over the next two years, with ilmenite spot prices beginning to trend lower in recent months as recession fears mount and Chinese pigment demand slows.

That lead in will be music to our boards ears I can imagine them now diverting attention away from what will be stellar Q4 production and financial results to a future that is a little less certain.

Excellent drill results today on time without incidents and in budget, encountered oil slightly before they expected suggest there may be more reserves than first thought, and to top it off we have superb flow rates.
The Amazon is gaining depth again so barging can be optimised as the export route of choice, it's nice to have the pipeline as a backup but it's on off status is slowly relegating this option to the subs bench.

This deal was taking so long to complete it's no surprise that JSE have conceded defeat and reluctantly announced the deal is off a real shame this was a cracking deal for us, the NZ government I feel is at the heart of this impasse it's 12 months almost since the new legislation was passed with nothing to show.
Hopefully we will get some better news regarding acquisitions before the years out, and the ongoing repair schedule for our FPSO to get it back into operation.
Setbacks happen but we have a an experienced management team in charge who are capable of getting the company back on track.

The only disappointing news today is production figures, the oil theft is a known issue and as you stated is being addressed, so over time through pipelines and work with the authorities this should decrease.
In my previous post stating net debt only reducing by $30m, the deposit for the MPNU deal should of been referenced on why it's so little.
The oil price is supported at current levels by OPECs reluctance to increase production, European demand for energy and from the US when restocking of their national reserve begins.

The results are disappointing when compared to last year production is guided to be lower by 16% due to pipeline and export terminal outages, last year's production was also down on the previous, a slightly worrying trend.
Net cash increased by $30m while net debt decreased by only $28m to $479.8m.
The divi still intact well covered, and the deal is still ongoing which is good.
We have a robust oil price to support operations going forward and capex to support drilling is healthy.
The potential is there, and a strong oil price has covered over what is production wise a disappointment but financially our results are marginally better.

Great investor presentation yesterday regarding Karo, financing, build times, mine life, long lead items everything is covered and in detail.
Local communities, Zimbabwe government synergies I could go on its probably best to watch.

https://www.investormeetcompany.com/investor/meeting/tharisa-karo-platinum-update

Get a mention on VSA morning miner about 4 mins in, opinion wait till Q4 results are out to confirm operations, not mine theirs.
https://m.soundcloud.com/user-596578261/5mmm-20221013-092634-meeting-recording

New broker note out lead as posted.

After two quarters heavily impacted by bad weather and transshipment maintenance, KMR has come out the other side with strong Q3 results. Increased grades and recovery rates drove a 25% QoQ jump in ilmenite production to 305kt in Q3, 4% above H&Pe but still 3% lower YoY. Ilmenite output is expected to further increase into Q4’22, allowing KMR to reiterate guidance that 2022 production will be “at or about the bottom” of its initial target range for the full year.

The RNS sets the trend.

Even though PTAL often have reported setbacks what I like is regardless of the problem there is a way, and we will endeavour to find it.
So the ONP is down, disappointing, the river is running low but we are still using barges with a smaller load, our production capacity has been temporarily reduced but once the river rises or production will increase, we are talking with owners regarding the pipeline.
Setbacks occur often with PTAL but credit where it's due nothing seems to hold them back for long they always solve the problem and go again, great management team.

There's always something, I stated in a previous post, and here we have it again a negative RNS spin on what they should be singing are our best production and financial generation to date ......... no we can't manage that you see, prices are rising, and demand is softening a little going forwards, and I am sorry to report we have had an incident.
Typical KMR play it down keep a low profile never try to catch the headlines, paint a slightly gloomy picture without any actual figures don't mention the financial position of the company although it's not required for this release.
Is it any suprise the market yawns at this downbeat effort.
Dissatisfied with how the results are presented which in my view in negatively.

First bit of good news over recent weeks let's hope this is the first of several positive releases between now and the end of Dec.

Great set of results all round, everything up production wise Chrome/PGMs and cash increased are well, with additional growth from Karo waiting in the wings my only concern how much it cost and will we be able to fund it via cash flow, although it should be said the company is in excellent financial shape.

Excellent performance and results again from Segun and his team, since operations started they have consistently proved the viability of the mine with production and mined au grades, even paying down debt by 50% in nine months hasn't impressed the market, the only thing left I can see is what they have set their stall out to do is extend the mine life by drilling.
Great management team, well done again.

The interims should make interesting reading if only from a production perspective, but for greater interest is what is going on regarding the acquisition absolutely nothing braking in the Nigerian press since August.
Even if there is nothing to report, as is likely as I would imagine deals of this magnitude take time, I am expecting a one liner saying the process is ongoing.
It is encouraging that there is no rumours suggesting the deal is off as I feel sure there would be plenty of people who would love to break that story.
Even so SEPL is doing just fine as it is, but the deal that's on the table for now,
opportunities like these don't come around on a regular basis.