Member Info for raxfactor

We had a good day in Canada up 10% at 19p if my conversion is correct bodes well for Monday.

I had been pondering why the sp had been stagnant here electricity prices mooted as reason, perhaps maybe, but now we know someone wants out.
Now thoughts turn what to what happens now, how do they attract buyers for 22% of the company?
Hopefully not a large discount to our current price, time will tell.

Nice to see the flicker of positive response from the market to what is a very good RNS offering growth prospects with a bigger slice of the pie.

I reckon you sold to soon every aspect of the business is looking in KMR favour high demand, solid balance sheet getting stronger, major capex done reaping the reward now for what was looking back a very ambitious move of plant and to achieve it without any setbacks was an engineering masterclass.
Possible supply issues with other sources of supply, the only fly in the ointment is the issues to the north.
Nevertheless though well done a profit is never realised until you sell and bank the profit and that's never a bad decision.

The chip shortage is still impacting the car industry worldwide although Europe seems to having the worst of it at the moment, hopefully this crisis will improve as the year progresses, article dated 28th March

https://www.autonews.com/manufacturing/latest-numbers-automotive-microchip-shortage-39

Brilliant results today strongest ever, financially robust position with lead and zinc prices doing very well in while the copper price is strong as well significant dividend increase to boot.
These results only reflect back to Dec since we have had three strong months with the sp short of being ath suggests to me there is room to move higher as commodity prices maintain strong demand.

The bullet points from that Telegraph article suggest Shell has learned nothing if they investing in offshore wind.
We need a complete rethink on the whole non scientific net zero carbon targets are these people trying and succeeding in taking society back to stone age, there will be plenty of protests come next winter when the price spikes in gas prices really hits home.
More drilling for oil/gas more gas generated power station is my view, there is a place for wind/solar even nuclear but folk don't talk much about the waste and 24/7 armed guard protection of the sites that its stored or of 100s of years of problems it creates for future generations and then we have accidents rare but they happen.
Stop demonizing coal bring it up to date with modern filtering there a place for that as well, but the political climate change the earth is dying due to co2 is claptrap.

Hi ken,
The commodity prices for our products is making it impossible for KMR to fail they the bod are rapidly running out of ideas to waste cash and even when they do the operation is running at its peak and creates more cash, the success here cannot be hidden any more regardless of whatever hair brained scheme they comer up with, we will get taken over the long mine life will be to irresistible combined with a profitable operation not to be added some larger miners portfolio.
The low sp for what's on offer here almost guarantees it.

Mentioned in VSA morning miner at about 3min.
Listen to VSA Capital Morning Miner 240322 by VSACAP on #SoundCloud
https://soundcloud.app.goo.gl/5yQY9

Great set of results nice to be cash positive by a considerable sum, production advised to be in a similar range and we have a rising copper price, costs increasing slightly but not running away.
The elephant in the room is obviously the electricity price the solar project will help to offset by 20%ish while not massive to helps also with the carbon offset nonsense, talk of possible wind farm which seems logical .
Low p/e means we are not overvalued so overall we are in a good place, we still further growth prospects to sort out moving forwards.
I suppose it comes down to watch the copper price.

Yes excellent and fair review, it did strike a cord with me when they covered ageing infrastructure generally I push that to the back of my mind, but it is a risk not so much pumps and the like but a fracture of a pipe or joint which would cause an oil spill.
We live in unforgiving times as for environmental issues are concerned rightly so as well, just hope they monitor and check the infrastructure to keep unwanted surprises to a minimum, the same applies to SQZ who I follow as well.

https://soundcloud.com/user-596578261/vsa-capital-morning-miner-230322?utm_source=clipboard&utm_medium=text&utm_campaign=social_sharing

Original link is from wisdom tree

Mentioned on today's VSA morning miner from 2 min, I might add I am also invested in tectonic as well.
https://soundcloud.com/user-596578261/vsa-capital-morning-miner-230322?utm_source=clipboard&utm_medium=text&utm_campaign=social_sharing

From VSA morning miner
https://*********************/media/vsa-capital-morning-miner-230322-23-03-2022

Hello Rich, quick glance through yes it's been awhile to get here but definitely more to come, all the figures make healthy reading but more importantly the market for our products is very strong .
Financially strong and at last distributing a chunk to the sh there will be a few lth waiting a while for this.

Looks like the market if finally accepting what SEPL announced, that the deal is good, if that's the case we should continue to rise higher.

The company wishes to clarify that the Special Purchase Agreement (SPA), earlier announced on February 25, deals with the acquisition of the entire share capital of MPNU’s shareholders.

“Mobil Development Nigeria Inc. and Mobil Exploration Nigeria Inc., being entities of Exxon Mobil Corporation registered in Delaware (“ExxonMobil”). MPNU, is not a party to the SPA and continues to hold its interests, rights and obligations under the NNPC/MPNU JOA.

“There are also some reports that the SPA between ExxonMobil and Seplat Energy has been terminated.

“Seplat Energy confirms that no event of termination has occurred, and the SPA remains valid and subsisting.”

Onwuka said Seplat Energy was a compliant company and would continue to follow the laws of the Federal Republic of Nigeria.

IHS Markit, lowered its 2022 and 2023 estimates each by 2.6 million vehicles. The forecaster now expects auto companies to make 81.6 million cars worldwide this year and 88.5 million next year.

“The downside risk is enormous,” Mark Fulthorpe, S&P Global Mobility’s executive director for global production forecasting, said in a statement Wednesday. In the firm’s worst-case scenario, production would be as much as 4 million vehicles below its earlier projections for each year.

S&P Global Mobility cites the effect that Russia’s war is having on the prices of energy and raw materials, expectation for the semiconductor shortage to worsen and disruptions to the flow of wire harnesses from Ukraine. Suppliers may have issues sourcing neon gas used for chip-making from Ukraine, as well as palladium from Russia. The platinum group metal is a base element of catalytic converters, which turn engine exhaust into less-toxic emissions.

China’s outbreak of Covid-19 cases is also leading to plant closures in manufacturing hubs including Shenzhen and Changchun. Toyota Motor Corp., Volkswagen Group and Tesla Inc. are among the companies that had idled factories.

If China shuts down for any length of time this could have major effects covering several areas including supply chains, I believe they favour a no transmission model of control, if you watch Dr Campbell on YouTube you will know this is impossible with our current variant.

With the news that's arrived we are in a good place which will only get better if we can keep clear of mishaps and setbacks which in mining is always possible and sometimes unavoidable, so providing we keep to the plan I am happy to add at these levels, safe haven status being confirmed with the worlds current ills.
One minor point could be confusion with Thor Mining another aim stock for the unaware we could be mistaken at first glance as us.

Once revenues start to hit the balance sheet and profitability is shown to be significant, cash distributed to further our areas of interest in drilling to prove up the resources here and in Senegal I feel sure interest will come from other investors especially when the brokers start to get the message out via interviews and business reviews to spread awareness.
As things stand we are still not as well known as the other gold miners listed on the lse, a healthy balance sheet should attract more interest.

VSA Capital morning miner reported zircon prices are flying at the moment amongst the usual round up of daily mining news.