Member Info for raxfactor

Since the crash copper, zinc and lead prices have all rebounded nicely CAML meanwhile has still been generating cash reflected in today's figures, $99m gross debt with $44m in the bank, although the sp is still down from previous highs and a very muted response to an excellent update today.
The market seems to be failing to recognise a well run company when it sees one, I can only assume the stopping of the dividend which is prudent is holding this back.

Plenty people with funds to reinvest after Rockrose sale, JSE is a likely home for some of their cash, hence a nice short term boost for us as over the coming days folk will take the cash on offer rather than wait for the deal to complete and spread it around other oilies.

Hello tick,
Maybe the board are not spineless, but approachable when presented with brown envelopes and then make decisions based on where their altered now true loyalty lies, who knows how it will pan out but at least the sp is moving in the right direction for now.

Its been awhile coming but this move in the US will hopefully provide some genuine growth in the future, hard to get over excited with all the turmoil about and the world lurching from one crisis to another I find it hard to believe that normality will resume any time soon, plus with all the debt that central banks have created, and lost jobs that may or may not return, caution is the watch word.
Having said that Ptec is much more favourably positioned than some in other sectors of the economy were companies are laden with debt bills to pay with very restricted markets seem hamstrung and heading for a hard time.

What an excellent update today, JSE profitable at $20 a barrel for the rest of the year due to hedging, and it must be said again all oils are not equal as they are currently achieving $11 premium to Brent, capex cut back by 80 % plus $72m in cash, excellent well run company with a common sense outlook to a difficult situation.

Excellent update today, debt repayment is the name of the game which they have achieved £18m paid back, and with power generation being restricted slightly at present the option of using the windfall of cash when the solar projects are sold gives some leeway going forward.
Coal prices still low, although starting to rise slightly is still in OPG favour, so all in all they seem well placed to continue on their debt repayment model which at some point the market will recognise.

It might keep moving forward especially keeping in mind TradeTech which was a drain on the group last year, so good news here :TradeTech has also taken initial steps towards a more efficient balance sheet, which has released €10 million of cash that was previously tied up, and it's impressive start to the year.
Interesting to see if they sell it while the going good, that would move the sp forward.

Good to see the market beginning to recognise FXPO as decent company it's been a while.

Hi easyp,
Ptec is in a good position and better than a lot of other companies who were better placed financially before covid, if I was looking for investments now Ptec would be on my radar like you I am likely to buy more, I will keep my eye on the finances which need to be kept in check, and what they intend to do with the bonds, which if they decide to pay off the old by issuing new looks like kicking the can further down the road to me, I'd be hoping for some repayment from cash and then new bonds, but all that is for the future, just now they doing okay.
Even in uncertain times it seems people still like to gamble.

Hi Greeno,
Usually keep an eye on BSE being invested here, interesting that they are down 12.5% today on no news, while we are up 10% on a director buy.
Note they had no debt + $37m cash then drew down $75m on their rcf wonder what they have in mind? they don't that for day to day running.
Anyway considering the turmoil KMR holding up well.

It reassuring to know that we have problem solvers in charge of our company and no matter what issues and problems arise that they are capable and talented enough to sit down and chart a way through step by step to ensure that the business will be stronger coming out the other side, when many others by contrast won't be here at all.
Excellent set of results, with the company in financial good health as well.

Hello JL,
Have to agree, with hindsight this was always going to be a target when the sp began to tank, and that mainly to to all spare cash and more being used to buy assets that didn't generate much of a return compared to their cost. Anyone who knew.the business would have done exactly what has played out, sell them and be cash positive again, back on track, it's unfortunate that the in the know vultures knew this as well and with the sp were it is makes it a no brainer for them to chance their arm, hoping they fail anyway but the odds don't favour us.

Fairness is not a word found in the business dictionary so I am not expecting any favours here, hopefully our board will play it as tough and as close to edge of the rules as they can to get a result here, but if I was on the other side the uncertainty about at present favours them for getting something on the cheap if they really want it, if we want a decent price then as others have stated we PIs must hang on to our shares.

A nice common sense RNS when the world seems to have lost theirs, another bonus is that all oils are not equal and JSE product is worthy of a hefty premium to Brent.

That Guardian report is nonsense, promoting the Co2 carbon agenda without naming it, what about the 12 hours when it's dark? solar panels that work by moonlight, global warming is caused by fossel fuels and we need to reduce our carbon footprint, by the way India/China can continue to produce Co2 at twice their current levels while we in the west must reduce our footprint under the Paris Accords, so that fact alone blows a hole in Co2 agenda if it was true.
Coal fired power stations are the most economical and cost effective method of producing power to growing economies whose population's demand access to electricity we in the West take for granted.
OPG is in pole position to deliver on that required demand and the falling coal price which has dropped off the edge of a cliff will give us a great advantage in these tough times for all.

Just re reading events from back in December with regards to Rio's suspension of operations at Richards Bay and although they restarted a month later comments regarding supply and demand

Base Resources (LON:BSE)(ASX:BSE) and Kenmare Resources (LON:KMR) are both already producing mineral sands, from projects in Kenya and Mozambique respectively. Given that the tightness of supply predicted by Peel Hunt is likely to be felt almost immediately, it’s likely that the one of the most noticeable knock-on effects will be a boost both to the top lines and margins of these operations.

So it will be interesting to see when we get our update if its all doom and gloom as our sp suggests.

On the virus front it seems to be improving at the epicenter in Italy and infections are declining, which is good news.

Excellent response from JSE to the oil crisis.

Nickel - no mention of any of the following that's happened this year.

lncreased total open pit proven and probable reserves at Cerro Colorado by almost 30%. The study results strongly support the Company's decision to increase the mine process plant throughput from 9.5Mtpa to 15 Mtpa by 2020 with a LOM of 13.8 years. The Company anticipates that the new mining plan will report a lower operating cost whilst simultaneously reducing the strip ratio to 1.43:1.

So I would hope Aisc will come down, generally improving the financial efficiency of the company.

Pit design and internal cut-off grade based on long term Cu price of US$2.60/lb
Taken from their presentation so that's something to consider.
I've not see anything about production decreasing.

Knicker elastic you go round bb touting this and that today it will gold ramping then posting on oilers saying its end due to OPEC, you have no credibility which is a shame because somewhere you have brain cell.
Sorry ATYM posters would be grateful for other views on the company thanks

Hi MrO,
Thanks for your replay, the Astor situation is a thorn in the side but ATYM seem to getting everything else right, this year revenues should increase due to greater production capacity, maybe this will be the time to sort everything out, I wish you well with your investment here, I may be joining you when things settle pf getting a bit of a battering like ATYM today.