Member Info for sasa43

Echo that, NewK - a decent 'squaring' size, too - nice to see for a change - sasa.

Fair points, there, Maverick but I think the Saudi's move is more out of self interest - they need the oil price to remain around $80 + to fund their huge infrastructure spending currently and development plans away from fossil fuel dependency going forward...

Yes, it'll help Russia, unfortunately but us, too, of course, given we're now broadly a 50 / 50 oil & gas producer - sasa.

Andrada Mining (ATM) is worth a look, too, imv, peabody (existing tin production) and now rapidly developing their sizeable Lithium resource in Namibia which is an 'investment friendly' African country for a change, if that helps... sasa.

Quite so, NewK - I've been highlighting this exceptional 'bomb proof' yield currently, too, while we wait for something positive to be announced, post Tailwind, never mind what it might rise to, if MF's assurance on pursuing a 'progressive divd policy' henceforth is realised.

If that 'positive' involves an overseas acquisition, ideally, then sentiment towards this oversold share of ours should pick up quite sharply, I'd have thought, to make for a really juicy total return from this level.

That would be nice for a change - sasa.

But 'clippers' beware - the sp will drop some 60p on Thursday when it's 'XD'! - sasa.

Thanks for posting the MF Weekly comments on the outlook for the PMs group, raxfactor - interesting.

Personally, I think their reservations over some of 'em are too cautious but agree that Platinum looks the most appealing, bearing in mind it's only half the AU price today despite it being rarer than gold; being a non - monetary metal probably accounts for much of that. Ergo, some useful catching up here soon wouldn't surprise me at all...

Chromium has had a good year v other non - monetary metals and Tharisa mainly mines / sells these two, as we know. Moreover, selling on a current multiple of 2 x or so with quite a good yield, too, the shs look very cheap around today's level - the major anxiety must centre around the political outlook for SA itself, which remains questionable, to say the least but the lowly rating of the sp surely discounts that risk currently?

Once the new Karo mine in Zimbabwe (another 'hotspot' unfortunately) gets underway next year (hopefully) / reaches nameplate, Tharisa's PGM output should double to around 400k ozs pa along with 2m tons of chrome, so no 'small beer' here over the medium / long term - it's just the political aspects which seem likely to constrain a substantially higher rating for the shs which otherwise would be warranted from here....

Just my take on things currently, fwiw - sasa.

Echo rugs' appreciation of your extensive industry backdrop here, PD - thanks - sasa.

Serica goes XD on the 29th June and pays on the 27th July.

It's now an income stock (yielding a solid 10%) with some price recovery from here to be seen soon, one hopes - not that we ever invested here on that basis, of course! - sasa.

Agreed, FlyingF - the move onto the main mkt now being seriously considered seemed more convincing than his previous 'loose' reference to it hitherto and being a much more diversified / larger group now should facilitate greater Insto interest in us, as well as any overseas acquisition moves, of course...

Also, reiterating the determination to maintain a progressing divd policy going forward (bearing in mind we're already a near 10% yielder currently) was also a positive, underpinning the already very cheap sp level, so moderately encouraging overall, I'd say - sasa.

Hi NewK - I've not missed anything regarding it yet, then, thanks - not that I'm holding my breath about it, mind, or anything else surrounding Serica these days, tbh...

That it remains very cheap statistically is a given but it needs a more dynamic management approach in today's circumstances, something we've not seen, post BKR - a long time ago.

A surprise move overseas is the obvious solution to lessen the increasingly uneconomic involvement with the NS nowadays, as we all know but this requires imagination which our BoD isn't noted for in recent years, unfortunately...

Difficult to quit such a cheap share so near the trough, though, I must admit... sasa.

I wonder if the 'locked box' will be opened by then? I've not seen any specific reference to it so far, although I might have missed it being preoccupied with other things of late...

With Serica yielding almost 10%, it must be one of the most appealing income producers available right now, quite apart from anything else; just shows what the mkt makes of the sea change in perception towards us this past year... sasa.

Were it not for the WPT and its subsequent increase, Serica's eps would have trebled from the 2021 outcome as I guessed prior to these impositions, so they met my hopes, at least.

The decent hike in the divd announced today was also a welcomed positive with the shs now yielding just over 9% and you don't get many of those to the lb these days! So 7/10 from me.

However, as I remain skeptical of this costly NS Tailwind deal, we need to watch Mercuria closely how they influence the combo henceforth and beyond that, the likelihood of Labour, the party of envy of the supposed 'haves' and devoid of business 'nous', gaining office in 18 months time, at the latest.

If Serica does move to acquire an overseas asset to complement their activities soon, perception towards us could change quite rapidly with any respite from weakening oil & gas prices materially boosting sentiment, too.

But the biggest 'bugbear' remains the Labour threat.

For the time being, I'm relatively content to see how the rest of the year pans out with the sp very much in the doldrums right now but if we're no further ahead by that time, then I'll very likely look elsewhere for a safer investment - sasa

In respect of the F/Y figs for 2022 with, hopefully, a decent divd hike and details of the combo's development plans, the proverbial 'locked box' disclosures and forecasts, etc.,

With the sp remaining well below 'fair value', I'd like to think there'll be some respite from all the controversy of late - 'hope springs' and all that... sasa

We all have that in mind, quite probably, chinch - however, an impressive overseas deal for Serica MK2 in the interim might change that perception although the greater unknown is Mercuria's intentions within the next 18 months or so, of course...

I'm waiting to see the 2022 results out very soon / their forecasts, etc., which might, hopefully, throw more light on things - sasa.

Agreed, Dennis - anything to appeal to 'the masses' to get their votes at the next election - pathetic.

None of 'em have any real solutions to our problems, just criticise everything and get into power at all costs and let envy rule meanwhile - sasa.

Hi Jimmy,
Yep, the pre acquisition Serica was clearly quite conservative in outlook, I do agree but with Mercuria now having a major interest (25% equity + 3% 'founders onside') to drive them forward, they might be thinking of a full offer for Chariot rather than a partnered 'farm in' as things stand?

They have the firepower and the development expertise nowadays and the Moroccan Govt would probably sanction a bigger group getting on with things to bring Chariot's huge gas discovery ashore, asap, given their needs and those of the EU, too, wouldn't you think?

Although AP would demand a good price for it, the dramatic fall in the gas price these past few months should afford any buyer with a much lower outlay than hitherto and if an approach was made, prompting some competition for CHAR, so much the better for us patient shareholders!

Just my idle thoughts while we await further developments... sasa.

Hi Jimmy - Serica could also be interested as mooted previously, now that their acquisition of Tailwind has been concluded. It would surely be a good fit for them, especially now?

They're looking more seriously about overseas deals apparently, with the more proactive Mercuria lot on board - the more the merrier, obviously... sasa.

Thanks for this, flexmw - they've got the current yield wrong, though, at only 3% - it's knocking on 8% currently on last year's Nos, so when the 2022 figs. are released, this could / should be even higher, giving further support to the sp from here...

How much of their statement that 'the progressive divd policy will continue', however, depends, of course, on how much of their net cash will be used to offset tailwinds debt position and set aside for any further acquisition plans (hopefully overseas) I guess but we'll soon know - sasa.

Hi NewK - 'fat finger' initially... sasa.

We should have the 2022 Y/E figs. to hand, dividend declaration, etc., along with today's announcement / implications to ponder...

Also, the proverbial 'locked box' might be opened at last; we need something really positive to get this 8% yielder off the floor, after all! - sasa.