Member Info for Ricardo2019

Thanks fulmar29 and Kullybahia for your very helpful replies.

Sorry, possibly a daft question but can you tell me more about Sentinel please? Just wondering how this compares/value etc.

> because th free float is quite low

This seems to be the obvious answer to me. There's some strong buying (nowhere near historical highs though) and as the free float is low this is causing significant price increases.

The Famous Five books are a good read but I wouldn't post them here. Please use common sense and not post material from two decades ago.

@caw1, our posts crossed in the ether. I was responding to PostmanPorsche. Although with a dividend from just those profits he'd be lucky to get a Corgi. :-)

As you say, here for the sale. Bring it on!

So with a £230m mkt cap, you want to spread some of the million profit around all the shareholders? Okaaay.....

Never rely on this website for spread info for any share. It is always wrong and often grossly so.

'Experienced' investors won't be asking internet strangers about the 'wisdom' (lol) of leveraging. Joker.

Putin said nationalisation won't happen, so we don't have to worry about that.

He also said in November 21 that he didn't have any plans for aggressive action against Ukraine (LOL). His Z conscripts are only on holiday (strangely some of them only booked a one way ticket ).

All this means we only have to worry about a special economic confiscation operation. But not nationalisation. Sleep tight!

Hi DShox, it matters not what I 'want' to read - it only matters what relevant and credible information is published by the BoD and the Russian State - and how much we trust it. Luckily for us, the BoD (despite the long period of silence now on any sale) is still trustworthy and I trust they'll do their best to deliver their strategy. Whereas the Russian State never has been trustworthy, their statements are often lies or cover-up for their failures, and so it only matters what they actually 'do'.

For now, all seems ok regarding foreign owned businesses in Russia - but it would be unwise to believe that things will never change. One must go into these investments with eyes wide open and trust only those who are worthy of it.

@TC101 - "he can afford it and self finance but he’d have to sell a shed load of tesla stock which would probably hurt tesla." It seems strange to say this about a man with so much money but apparently he is very cash poor. Much of the money for the deal is coming from bank finance - probably so he doesn't have to sell his stock.

> I meant they’re now taking the BRICs approach. As far as I’m aware, I don’t think that was their intention originally.

@RiseAboveTheRest - ah gotcha, thank you. I'm a relative newcomer compared to many people around here so that original intention never occurred to me. But I think you are correct AFAIK.

The Russian President says a lot of things. He even said something along the lines of 'don't be silly, of course I'm not going to invade Ukraine with all these forces I sent on a long vacation to Belarus. They are just tourists who want to visit cathedrals in Kiev.' So we should bear his reputation for total honesty in mind. Luckily for us, despite his being ok with killing lots of people to satisfy his egocentric need to be seen as a great Russian leader, he does need business to do well to feed his Treasury. So hopefully he'll be true to his word on this one.

> The situation may have changed (BRICs approach)

Surely, given sanctions are mostly Western, that is the one thing that wouldn't change? To me, events mean that a BRICs oriented stratgey is the only possible approach to take.

Thanks Lottohopes, I appreciate your response and also raising that key point about scaling/costs.

Ah, I looked at the date 22nd March 2021 and my brain read that as 2022 (when of course the SP was roughly at this level).

The SP is down today because Kyiv is not the totality of Ukraine, and the Russian retreat in those areas - while great news - is not the end of the war. Unfortunately it looks as though Russia is playing for time with the talks and is getting ready to significantly increase attacks in the East (sources: Russian Military: "top goal — the liberation of Donbas.”, US Intelligence and Ukraine govt). This means a prolonged conflict and we have to trust that the EUA BoD can deliver while the war continues. It seems that the people who know most on this board here think they can.

Personally, I suspect Putin thinks he can take all Donbass and might then agree a settlement, but who knows? I thought the fruit loop might just be putting on the pressure for negotiations before 24/2 but it turns out he is a murderous nutcase after all. So anything could happen.

How does ~10p to 37p result in 68% upside?

So I just did some rough calcs and came up with a rediculously large revenue figure. Do these assumptions/figures sound correct?
a) Minto receives:
Copper - $4.78 per pound (spot price)
Gold - $1,235 per oz (65% of spot price)
Silver - $4.35 per oz (lesser of the prevailing market price and US $4.35/oz)

Minto mined:
Copper 9,100,000 pounds
Gold 3,695 oz
Silver 45,126 oz

By multiplying amounts mined by the price paid and dividing by PEREs 11.2% share of Minto I get the crazy figure of: $5,404,853.79 or £4,125,842.59 at today's exchange rate or £16.5m per annum.

Bear in mind that I have not been able to calculate costs. This is just revenue. This seems a lot - so have I got anything wrong or missed anything?

Bit of a new boy compared to some of you - here since 25 Jan 2021. Wish I'd spotted the mention of EUA in the SXX days so I could be an old timer instead. Anyway, 233,688 @ 23.2P average. Not sold one, and not going to sell until the dividend - and even then I probably will keep them for EUA 2.0.