Member Info for raxfactor

With the gas price booming and all of Europe with a deficit of stored gas reserves its nice to see SQZ reaping the benefit, as the end does not seem to be on the horizon with Russia reluctant to pump more to us in West just yet.
On the downside not looking forward to my increased bills this coming winter.

The tide seems to have turned well and truly here and not before time, can only think sentiment about Peru has been a burden as the company of late has only had positive news and the market response had been muted.
With this well completed the oil price in our favour and production on the increase should bode well for the balance sheet.

All the metals have showed some momentum since the new year, outlook is still good, nice divi announced with the balance sheet becoming stronger as well, we should be cash positive just about by now.
Interesting to see what lies ahead.

I am not suggesting that if you invest in fossil fuel as my earlier post suggests these are being demonised, if you wish to go with the establishment then wind farms and solar are the way.
However these so-called green investments are basically flawed, cannot be relied upon as a constant source of power.
Ethical investments as far as coal gas and oil are concerned is a variation on the jab is required to be part of society the new normal.
Political decisions, our solution is the only one viable, it's correct and there is no alternative.
If it's money you are after try DARK or AWE.

Perky, have you ever done any research on co2? If you had then you would know that co2 is beneficial to all life on the planet.
Commercial growers pump co2 into their greenhouses at 1400 ppm for greater growth more drought and pest resistance plus a superior harvest, you breathe out 35000-50000ppm, no wonder they want to kill us all, based on the nonsense they push as science.
Co2 does not cause climate change, it's the sun in combination with ocean currents and the earth's magnetosphere.
The carbon tax is a way for the elites to tax wealth on a global scale based on fake science and bribery.
Look at gas prices today, sky-high, solar and wind not reliable nuclear not enough of it if that's your thing, electricity prices are going a lot higher and coal is cheapest way to produce it, that is until the globalists ban it.

Superb numbers today, excellently run company, great dividend and a great company.
The current chip shortage which is forcing car manufacturers to produce less vehicles reminds me of some well run oil companies who even when the oil price crashed were still generating profits, of course their sp crashed with the oil price however when the oil price rebounded and their earnings revealed huge profits the sp soared.
We are in a similar position even if PGM prices decline from their current levels the market will most likely take our sp lower even though we will still be generating healthy profits just not at the stellar level of the results published today.
When the chip shortage ends which it will going into next year I expect the demand for our PGMs to increase to reflect in increase in vehicles produced the sp will follow this change.

Wait for the results, they imo could record a loss,and the market will react accordingly, its all dependant on the hedges which they have never given details of how much coal is hedged nor the price.
Revi

Excellent news, it's been a while coming and probably a relief for SQZ announce we are finally producing.

Almost perfection, Brent prices higher and holding, financial position improving by the day, production increasing however due to the delayed well not as fast as guidance.
H2 looking strong and next year stronger, although I suspect the political scene in Peru still has some uncertainty on how the future will develop, Ptal are well placed with the government needing us as much as we need them, they have a refinery that needs our oil.

Good results today when compared to last year when the move resulted in lost production, comparing to 2019 figures gives a better comparison, eg finished products shipped 2021 594t, 2019 483t last years total 413t.
Freight cost increases significantly increased but there's not much we can do about that.
Nice to see they have an eye on net debt and intend to pay it down as needed to maintain a strong balance sheet, a necessity these days.
We should see the benefits of the recent expansion in production plus price increases find there way through to the balance sheet over time.
Hopefully covid will be kept under control, the company is doing all it can there.
As things stand KMR looking good.

Iluka Resources is an Australian-based resources company, specialising in mineral sands exploration, project development, operations and marketing. Iluka is the largest producer of zircon and titanium dioxide-derived rutile and synthetic rutile globally. Iluka mines heavy mineral sands and separates the concentrate into its individual mineral constituents rutile, ilmenite, and zircon.

Over the last 12 months Iluka sp has doubled and in comparison KMR sp has also doubled, so we are keeping pace with the worlds largest supplier that's looks okay to me.

No unwanted surprises in today figures in fact it's the other way slightly ahead of guidance, all set fair for further increases in production as PTAL continue to progress on their expansion plans.
Hardly a flicker from the market in response.

You could take a look at JSE and add that to your list, by the time the deal completes which they announced in todays rns they will have been paid to take over an asset producing 6000 boe/d due to being backdated to Jan 1st, thats how to do an acquisition.
I hold here as well as JSE for oil SQZ for gas.

Just a quick recap of what this deal brings to JSE for $9m although they do mention subject to agreed adjustments, with the economic benefits accruing from Jan 1st when the deal completes around 30th July.

Adds immediate cash flow from around 6,000 barrels oil equivalent per day of low operating cost production, on a net working interest basis, of which over 90% is oil;

Increases the Company's 2P reserves by 34%, adding 12.5 million barrels oil equivalent of net working interest 2P reserves, based on the Company's best estimate 2P reserves production profile;

Provides upside potential through reservoir optimisation opportunities, additional infill wells and cost efficiencies, and is thus an excellent fit with Jadestone's capabilities and field operating philosophy;

This seems almost to good to be true, if it was any other company other than JSE I would think they missed a nought off the purchase price.

Excellent post Visitor, if the Investor Chronicle reads this board you will be in the next issue.

Hello Rich,
I had seen a ref to development costs in a previous RNS but in my mind I had assumed the impact would of been less on net debt.
No complaints over how things are progressing or our future outlook its been a long journey to set up this favourable position.
Expenditure on development projects and studies is expected to be approximately US$39 million in FY 2021. These costs primarily relate to the remaining costs associated with the relocation of WCP B (US$19 million), some of which have been carried over from FY 2020 due to timing of invoices, and improvement projects to enhance the resilience of existing operations (US$9 million). The balance is attributable to studies and community resettlement costs in preparation for the relocation of WCP A to Nataka in 2025.

Nice to see the pre open market rise if it continues over in US we over here usually follow.

Political risk is always a risk when considering SA as an investment, the speed at which the situation has deteriorated is it really a surprise.
If you decide to arrest the former president who still has strong support within the party, then a backlash should not come as a shock, looting and social unrest is what would be expected if you consider what happened in the US a while back and SA is more of a tinder box.
Hopefully the violence and unrest will calm over the coming days and essential basic supplies get through to where they need to be, food medicines and fuel etc
I am not sure though that this will just blow over, now we have the two political forces set against other so who knows how far this could escalate.
As far THS is concerned prices for PGMs would increase due to uncertainty and considering the worlds major supplier is SA I can not see the motor manufacturers worldwide being happy at the moment, so some international pressure intervention/help of some sort might come about to prevent a hit to their car manufacturing economies if the situation doesn't improve.
The sp decline is hardly a surprise either.
A sad situation all round.

Good to see production reaching record highs, prices on the up for our products, excellent that they are providing support for their workforce and community with vaccination programme.
Slightly disappointed with the finances

Consequently, at 30 June 2021, cash and cash equivalents were US$56.6 million (31 December 2020: US$81.1 million) and gross bank loans, including accrued interest, were US$132.7 million (31 December 2020: US$151.3 million). Accordingly, as at 30 June 2021, Kenmare had net debt of US$76.1 million, compared to US$64.0 million net debt at 31 December 2020, which is mainly due to the timing of capital expenditure payments and a reduction in the use of invoice factoring.

Not sure what there reference to capital expenditure payment is unless RUPS , not sure why you reduce invoice factoring if they are getting your customers to pay up on time.
Nevertheless with increased production and higher prices should see the net debt reduce over time, plus our dividend will increase from 20% of profits to 25%.

VSA comment

Tectonic Gold (TTAU NXX) has announced a new joint venture agreement on its Mount Cassidy license area in Queensland. The deal with White Prospecting will enable the JV partner to mine alluvial gold on this license area with 7.5% of gross royalties going to TTAU. The deal is designed to provide near term cashflow to TTAU without shareholder dilution which has been a key aim of management since the company was formed.