Member Info for Sageman

I am out and have been since the spike. Nothing will happen until the next spike. That will not happen until winter when they can get a new ice road and go again. We should see sub 1p...don't shoot the messenger. GLA

My B/E is circa 3p. It is now one of only 2 shares under water in my portfolio. I do not expect to make a loss on either share. I just need patience. I had 3 shares that I believed could 10 bag - AMC, Thor and Alba. Thor is B/E, Alba has doubled and this has halved. I still believe all 3 could 10 bag in the next few years but similarly they could tank. As long as one does well I am fine as I invested evenly. I always like to have some punts in the portfolio. GLA

We can all come up with guesses as to what will be deemed as fair. Russians would price in Rubles and based on market cap. 150m Rubles works out just over 10p per share. Its all guess work as to whether a buy out happens and what "fair" is deemed to be. The more the better, GLA

My own view for what it is worth is that things are happening behind the scenes and that this is very political. My expectation is that we will be made an offer that we are "not allowed" to refuse. Circa 10p per share allows things everything to look respectable whilst leaving the lions share of the upside to the new owner. I simply do not believe that the Russians will allow a resource of this magnitude to be developed by foreigners. Our MCAP is £24m so an uplift to over £100m would be deemed as fair by some 3rd parties. All IMHO

Results are due later this month. Perhaps we will see an update and the market is rising in anticipation.

I have said many times that this will get built. The only question is whether PI's will get a fair deal. The geopolitical issues clearly dominate. It is a waiting game but at least we now have cash flow.

January 2000 not January 2020!

Skwizz, Market correction is indeed coming but when? The main competitors for money are Cash, Fixed Interest and commercial property. None of which are favoured in the current climate. So you are left with shares but which ones? Suggest UK and value as being assets that offer fairest value. In January 2020 FTSE100 was 6930 and the Dow 10,000. FTSE is barely changed whereas the Dow is up 3 fold. Food for thought as we emerge from lockdown

I sold some today. Banked a 35k profit and still hold 150,000 shares. Those days of single digits and needing to average down and not telling the Mrs. about her B/E of 20p when it hit 7p now seem very distant! Well done all those here who gambled and for once have been rewarded. GLA.

In the deal below the businessman was given a price - accept or die - and Russians can reach you pretty much anywhere! I have always believed the mine will be built but we would be bought out. The question is when and how much? Hopefully north of £100m. Who knows?

I was at a business meeting last week and was told about a deal concluded in Russia on threat of death and the businessman literally drove straight to the airport and immediately got a plane home without returning to his hotel. I had no reason to disbelieve the person since it was him personally. That deal was a mere £25m. This is a top 10 world nickel resource! Suffice to say things are very different in Russia and there will be a lot more going o here than will ever be known.

HITS, I think we sing from a similar song sheet in respect of the competency of the management. However, my understanding from the RNS was that the engineering was being delivered mainly by 3rd parties...hence my greater confidence in the project being delivered now it has funding. We will see.

HITS, I tend to look at things on a high level basis. I look at the CPR and original targets for SFB. From memory they were talking about 5-8p sp being doable. Then I look at the delays and problems and associated costs. Actually the delays have allowed the POG to escalate. Then I look at the hedge and funding. Then I consider the probability of getting it producing. Then I look at the Mcap and the efforts being made to increase the flow rate from that initially forecast. My B/E is 2p, I am underwater still but not too bothered. Firstly it is a small holding for me but I believe this will flow in which case half the previous SP target is not unreasonable. All IMHO. DYOR. GLA

The negative carp from some people is just beyond tiresome. The MCAP here is £8m which fully reflects the problems of the past . Without funding there was no chance. With a mining project it is all about getting the stuff out of the ground asap otherwise valuations are all about discounted cash flow calculations. They have the hedge in place and are going full steam ahead to get connected and accelerate production rates of gas. We all wait to see if they can get it flowing and that will be the big test. That is what the market is waiting for. But with an £8m markets cap there is at last upside probability and hope. No you probably won't ever see 10p but a 2-3 bag from here is doable.

JTS, actually crap management, dreadful planning, car crash strategy rescued by commodity prices rising higher than in their wildest dreams. Essentially they have got very very lucky. Tullow oil is another classic example dead in the water with huge debts with oil at $20 per barrel but flying at $70. George has got lucky that despite his ineptitude this can still rise like a Phoenix.

WG sadly there are many here who are so twisted in their hatred that they are not able to accept good news. 43p per therm is actually brilliant news. I need 2p to B/E and believe that remains attainable on the back of this RNS. GLA

WG read it again . The estimated bit is the share of production not the price per therm!

Actually a good RNS . The hedge at 43p is the best bit of news given that it started last year under 30p ( pre Covid and in winter). Mining in whatever form is generally a fixed cost business and there is no way in their wildest dreams that 12 months ago that they could have expected a minimum of 43p per therm. This single factor pays for a lot of the well documented “issues” along the way.

I understand the impatience here. I started investing here 4 years ago. I bought some more today. The deposit is world class, the mine will get built. The problem is geography (Russia , middle of nowhere) and political (Russia). The only questions are when it will be built and whether PI's will see a penny? FWIW I believe that we will see a news flurry and a spike which will enable many here to make money/escape unscathed irrespective of the eventual end game. GLA

FWIW the genesis of Crypto is a hiding place for dirty money. The proceeds of tax evasion, pornography, drugs, child trafficking that all got stopped due to money laundering rules. That is why any whiff of regulation makes it fall. Some people are comfortable with making money in that way but personally I want nothing to do with it. There are so many ways to make money I need to have no part in it.