Member Info for sasa43

Hi chinch - again, I can't disagree with your realistic assessment after such a poor sp showing this past year.

However, we are where we are today and we're far from the 'basket case' that the current mkt rating implies. It just needs some pragmatic management to go onto the 'front foot' purposely so, to regain positive sentiment / some momentum.

Eg - They could finally announce a move onto the main mkt where our compelling stats would surely attract decent Insto interest; now we're much bigger and more balanced a production company, there's no reason to delay this any longer.

They should also activate their 'buy back' programme (10% authority already held) as the shs are so cheap today and best of all, acquire an overseas asset to internationally diversify / lessen our total exposure to the UKNS, given the declining outlook here, henceforth, as most LTHs are yearning for. It 'aint rocket science any of this...

'Where there's a will', etc., any of these would lift our poor mkt perception out of the bargain basement and I hope this isn't just wishful thinking on my part after all this time - sasa.

Hi chinch - you make several valid points about the present state of affairs, not least the mkt's perception of us over the past year.

I, like most holders on here, was strongly opposed to the Tailwind deal, mainly because it seemed a rush job to buy something, anything, just to utilise their huge cash pile growing apace with scant regard as to how best to employ it.

Instead of using that firepower, they used an unnecessary large chunk of their equity to clinch it and render us vulnerable to the junior party who may yet be a 'Trojan horse' - not a comfortable feeling for many LTHs...

An overseas deal was and still is the best option to grow the Co, especially now with such ham - fisted political moves against NS investment by all parties gaining momentum: the question now is does the desultory sp level discount the problematic outlook? It's only about management which can change, so I think so - sasa

That was yesterday, jaytee - today's sharp drop reflects the 14p XD condition with some divd recipients now selling and moving on, no doubt.

That the shs are now dirt cheap on yield considerations, if nothing else, goes without saying, bearing in mind today's RNS showing a healthy lift in production. Notwithstanding the Mercuria 'achilles' heel' anxiety later on, a likely firming up of energy prices by the Y/E should only accentuate the value argument here - sasa.

Entirely agree, NewK and to think that both of 'em have a business background; talk about being mesmerised by 'sound bites' for electioneering purposes - a lost cause that now, anyway...

To think the sp on Thursday, when it's XD, will be yielding some 11% historic, is tragic in itself! - sasa.

Excellent research, Jimmy - thanks very much - sasa.

Agreed Badgernator - exceptionally good results in this difficult economic environment - clearly a 'buy' while the mkt is obsessed with the current credit tightening backdrop but this anxiety will subside, so the 'early bird' move now should soon pay off, imv - sasa.

Today's RNS implies a more pragmatic approach by CHAR to get this development underway at last which is encouraging, so good news overall. Let's hope it's close at hand now - sasa.

Yep, have to agree with NewK's view there, Mommur - the UK NS is rapidly becoming a 'No Go' investment area while it's 'open season' it seems, on killing our domestic energy production by all parties. Why should any group take such risks now?

Hope MF is genuinely looking overseas henceforth as he reiterated recently - sasa.

Agreed, kingbilly - it has been a long / arduous journey for many LTH's here - the CHAR 'hallmark' so far...

If there is any further delay, that's probably due to the present 'risk off' syndrome prevailing right now but that does open the door to a cash rich predator if the FID / GSA remain difficult to secure, bearing in mind that the Moroccan Govt. is keen to get this important discovery commercialised, asap.

Anchois and the surrounding licence areas are very valuable, as we know and I'd expect confirmation of either event soon to see the sp push quickly beyond the 20p level and any predatory interest to dramatically amplify that move, of course - ergo overall, I'm just sittin' / waitin' this out like the rest of us... sasa.

These small opposition parties can afford to offer the earth to the naive voter, since they'll never need to account for all the spending involved in their 'sound bite' utterances. Pure posturing besets the major parties, too, unfortunately - what a sad state of affairs the UK's in nowadays - sasa.

Thanks Jimmy for your comments thereon - sasa.

Hi Jimmy - thanks for all your sterling work on the 'nitty gritty' calcs here for all our benefit - much appreciated.

I'm wondering if the delay in getting CHAR's 'farm in' hopes concluded, might centre around their offering only a 24% interest, assuming their wish to retain 51% control. That and the much tighter lending conditions nowadays might put off otherwise interested parties somewhat, which begs the question:

What about a bid for Anchois / and surrounding licence areas? What price might be envisaged in that event, do you think?

My guess would be in the 50p - 60p range area; do you have a view on that? - sasa.

Give it a rest, Deffo - you've only been on here five minutes and having these spats with peeps is very tiresome.

I welcomed you on board when you arrived, assuming all discussions would centre around this potentially exciting share, so let's keep it that way for all our sakes - sasa.

Hi Deffo - welcome and good luck with this promising Lithium developer, augmented by their existing Tin production which is supportive in their overall endeavours.

However, I'd never countenance 'going for broke' on any situation regardless of how good it looks ('black swans' and all that) so just be careful. Good luck to all holders, nevertheless - sasa.

Good post, surprised - "Labour and amazingly Conservatives have no business acumen" - that's what lies behind this 'dog's breakfast' of an amendment to the EPL / WFT imposition. Both of 'em are solely concerned with being the governing party, whatever it takes to pander to the electorate and currently their antics are costing the UK's credibility - LARGE.

Like freedom, you never really appreciate it until you've lost it - investment in our domestic energy production is clearly on the way out now because of all the manifest ignorance / self interest we're currently witnessing - sasa.

Hi NewK - Roger that...

Agreed that a bid for Chariot might only encompass the Moroccan gas find (I read somewhere that the Moroccan Govt. would likely welcome a larger / seasoned gas developer to operate their sizeable gas discovery and with 25% of it held by them already, that might help any acquirer's ambitions, possibly?) - just sayin', as it's taking quite a while for them to progress the funding requirements, it seems...

Re: their green energy ambitions, a decent offer for the entire should afford a longer term addition for Serica, too, in this increasingly desirable energy segment. Bearing in mind that 'everything has its price, etc.,' JMW might be persuaded to accept an offer of, say, 50p ps which would represent a substantial premium above CHAR's current sp but well within SQZ's scope nowadays; if they don't fancy that programme, they could always sell it off, of course.

Just idle thoughts while the present 'risk off' syndrome prevails - sasa.

Hi Maverick - yep, Chariot is also my hoped for bid target for Serica (hold that one, too, so I'll admit to being biased, obviously) but being close to infrastructure only a few miles away and also the underbelly of the EU, their huge gas find would seem to sit well in both respects.

With Char only holding 75% of the find, though (the Moroccan Govt agency holding the other 25%) they're after a 'farm in' but that would only afford a 24% interest in it being available if they wish to retain control.

Ergo, an outright bid for them seems the more likely option for the likes of Serica, if they're interested and with still a huge cash pile to deploy / Mercuria's more aggressive approach, etc., might yet be the impetus needed - you never know...

Just my current take on that, fwiw - sasa.

With 'buys' outweighing 'sells' by 10 : 1 - encouraging and also interesting...

DYOR, as always - sasa.

Hi Mommur - I'd hope that Serica would delay any further bidding for NS licences at least until the economics of further involvement here is clarified - surely better for Mitch, post Tailwind, to get a 'shifty on' and acquire a non - UK asset to augment our portfolio.

In his last vid, Mitch seemed more determined to target an overseas asset henceforth, so I hope his comments weren't just a sop to assuage us all in this regard - sasa.

Agreed, CCC. - top marks for AV putting Andrada out there via vids. and the OTC news a few days ago, with such enthusiasm, too.

Hopefully, the sp will properly reflect the potential here, bearing in mind the numerous enquiries they've received to joint venture their huge Lithium resource which Barclays are advising them on, not to forget their existing tin production, Tantalum, etc., All good stuff... sasa.