Member Info for sasa43

Yep, some steady progress on several fronts, bohercom, agreed...

Hopefully, the SQM deal with Lithium Ridge will see this development materially extended next time and if the commodity mkts begin to conveniently turn up again, too, the sp should be better supported, at last - sasa.

If their figs. out today are anything to go by - they're even 'smaller beer' these days in comparison to Serica.

SQZ shareholders firmly rejecting AA's offer to buy us with much of our own cash a while back has clearly been vindicated.

However, the Mercuria 'threat' remains, unless our new BoD has other pragmatic ideas to counter the naive delusions of EM / RR who are clearly intent on ruining our domestic energy production capability, as things stand. Let's hope they do having something planned to justify their new appointments - sasa.

Couldn't agree more, DTP - their inexperience / naivety in just trotting out 'sound bites' which they think will appeal, is all too plain to see - ultimately to our Nation's cost as well as theirs - sasa.

Hi Eckie - well, L&G made a good profit on the Cala sale; the partial consideration received with the balance strung out over the next few years isn't ideal, still less conventional, I agree. However, the seeming absence of a commercial counter bid suggests (to me, at least) that Cala's reputation was debatable, ahead of the unquantifiable 'cladding' liabilities for starters, so it looks a timely jettisoning to me...

Anyway, we are where we are and that's long of another decent chunk of cash to boost the balance sheet which should help to concentrate the Bod's thoughts henceforth on how best to position the Company on what they're familiar with...

L&G's been too long regarded as just a 'bond proxy' don't you think? - sasa.

Well, I'm glad they've got shot of Cala Homes, given it's poor record recently and their involvement with rectifying the very costly 'cladding' scandal.

Selling such a 'non -core' business makes sense anyway, in today's climate - sasa.

Hi NewK - yep, you're right on the XD front (diarised the wrong month, sorry - stupid boy!) - sasa.

Over the past 10 days being a 27% bounce which is heartening.

It could be due to divd buying prior to going XD next Tuesday or, maybe, there's an inkling at last of something overseas under consideration? Hopefully, it's the latter being high up the agenda to sustain the better price momentum - sasa.

Yep, Ex AMC holders with a smidgeon of these pro rata to their earlier position in Amur might just as well depart for a few bob at this level - this will soon run out of money and be yet another loser for those involved, I fear - sasa.

Yep, agreed NewK - being as pragmatic as she comes across, I guess LC probably has this in mind; perhaps shortly after regaining entry into the FTSE 100 after Christmas?

That should kick off a better New Year performance, sp - wise - sasa.

Nice sentiment there, ianfer, especially towards Jimmy who's done his best to impart his knowledge / reading of the data to hand to date on here - we're all in shock at the mo, nevertheless...

Presumably, the sp's at best a 'double or bust' situation from here now? - sasa.

Obviously disappointing but with the further (more important) drills ongoing, the sp reaction seems excessive to me - typical of AIM when things initially disappoint - sasa.

Hi Sekforde - I, too, am an optimist at heart but equally try to accommodate reality when it so demands.

Miliband wants to bring in alternative energy, regardless, like tomorrow and the North Sea operators will pay for it, a la the 'stop oil' faction who fail to realise that industry builds out the infrastructure for the 'green revolution' but it needs oil & gas for now to power it to do so - go figure...

I fear the October budget will be pretty seismic with RR having free reign to show how serious she craves to be the new 'Iron Lady' with Starmer looking on admiringly. Tin hat time for most of us - sasa.

'Hopefully, the budget will be ok' you say, Sekforde - now there's optimism for you!

The new govt isn't going to admit mistakes so early into their tenure, with such a commanding majority, to boot; realism doesn't suit their mantra until the next sterling crisis is encountered and then we all pay the price, of course - sasa.

Agreed, Compooter - the new BoD came across quite well in the webinar, I thought, although only being in charge for '5 minutes.' so far...

However, the 'elephant in the room' remains in situ - unless and until they move away from being 100% NS involved, the shs will remain unloved with militant Miliband and RR running riot in suffocating our domestic fossil fuel production.

Labour, having been unused to governing the country for so long, clearly have no idea of the consequences of what their 'if it's independent, then tax it' clarion call will cost the nation, until it's too late to revive our own O&G industry.

The new BoD seemed puzzled as to why the mkt has ascribed such a low valuation to Serica for quite some time; it's because of our inability to internationally diversify in good time, so while our parochial approach continues, we'll remain pretty friendless, I guess, as the 20% yield amply demonstrates, even if we're off AIM next year...

To get Serica off its statistically unwarranted 'bucket shop' rating today, it needs to seriously get to grips with looking abroad as never before, if it's to return to being a more appealing prospect - sasa.

For tomorrow's interims and the 9am webinar follow on - sasa.

Okay, Roger that, NewK - thanks - sasa.

Hi NewK - Mercuria held 25% of the votes + a further 3% in 'friendly hands' under the reverse T/O terms for Tailwind, if I recall - a near 'shut out' in voting power, certainly but not controlling as things stood.

Been involved in more pressing matters of late, so I might be behind things in this regard - do put me right if I've missed something - sasa.

Hi NSS,

Well, okay but the present situation is what matters and the outlook now, not what's gone before - good luck with your stuff, too - sasa.

Nss - why the periodic uncertainty here? Your long list of positives you quite often post - 'reasons to be cheerful' are pretty accurate, yet you now express concerns about the non - movement of the sp since the WD confirm only 48 hours ago...

Since then, Brent has softened somewhat and the US mkt has also weakened recently to unsettle sentiment but so what? These things fluctuate all the time and as for the two 'controversial' Russian holders from Letter 1, they're non - voting holders for now and any shenanigans from them if they later acquire voting rights will still only be a minority influence.

Suggest you re-read your 'RTBC' list and concentrate on the penultimate para in your 13.06 post today for reassurance. The quality of management here and potential for the shs now are way above average, imv.

I came across many successful peeps when in the mkts for decades and patience, where quality is overtly present, is all that's generally required in the end. Hope that helps to get back on the 'front foot' again - sasa.

Serica's interims are out next Tuesday, swiftly followed by the Investor Meet webinar.

Suggest all those concerned about SQZ's vulnerability of being totally UKNS dependent currently, get their questions in about getting 'out from under' the forthcoming Labour 'cosh' against our domestic producers.

Hopefully, the new BoD will have something to announce on this front with the figs. or 'plans are well advanced', etc., - if not, badgering them to deal with this pressing issue can only help to keep it 'front and centre' for all our sakes - sasa.