Member Info for sasa43

If ever there was a pretty 'slam dunk' case for hedging further in this, almost surreal, climate, it's gotta be around now.

As cautious as TCW / MF have generally been right in this respect so far, I can't believe they're not considering doing more now, with production set to increase, etc., perhaps doubling the downside protection (from 20% to 40%) as a safeguard; such extremes don't usually last that long and can unwind just as rapidly - sasa.

Yes, sad but true, TDT, unfortunately; can't believe that AngloGold Ashanti / Sprott et al are just sitting idly by watching the sp decline so markedly without concern.

They could certainly do something about the wretched management team for starters - sasa.

Hi upomega - yep, at last the sp is gaining momentum reflecting the value here, given the extraordinary conditions they're benefitting from now as they build production, with a way to go yet, hopefully - sasa.

Don't really see that happening myself, tbh, upomega, re: the IOC's half of Rhum falling into our hands - it would be great if it was feasible but with deteriorating relations even more between the US and Iran, restrictions are likely to be tightened further the way things are going and Serica wouldn't do anything to jeopardise their licence to utilise any US equipment they might require as things stand.

Only if the IOC share was sequestered 'in the national interest' would that seem possible, I'd say... Just my take on that, anyway, fwiw - sasa.

My sentiment entirely, ProphetW - re: Sprott with his considerable investment here and other Instos. The present management doesn't inspire at all; one hopes that moves might be afoot to do something about this and get the sp off the floor - sasa.

Yep, you're right about Mark O'Dea having only sold 150k shs of his exercising, TDT - so apols for my hasty misreading of the RNS in respect of the others, too - sasa.

In exercising their options and selling the shs involved, another 1m odd just announced, almost regardless of the low sp level. Doesn't inspire much confidence when they seem so self - interested - yes, they might have lost these options though expiry but keeping hold of the shs until sentiment improved would have been expedient, if nothing else...

Disingenuous behaviour at best, imv - sasa.

Sorry to learn that, Soder - hope you recover very soon - ATB - sasa.

Agreed, NewK - although the update on improving R3's output is taking a while to be confirmed but, against that, we're only three weeks away now from the 66% BKR boost to our revenues which bodes very well for next years bumper results, whether or not any deal, incoming or otherwise, might be announced.

The eps achievement for this year is keenly awaited (by me, anyway) in March, vis a vis a significant divd boost which looks 'odd on' from here and I wouldn't rule out a share 'buy back' or even a 'return of capital' arrangement, either, if our burgeoning CoH becomes an 'embarrassment of riches' without sensible redeployment 'at the right price' being available...

In the absence of any mishap, the shs remain well undervalued with a usefully higher yield in prospect (either earnings driven or capital sourced) with a 275p - 300p re-rate a reasonable expectation as 2022 gets underway, imv - sasa.

in some cases; I got mine on time from my broker, although the data agency they use hasn't yet ascribed the 7% + yield on it yet. Maybe, dealing platforms are the ones having trouble?

Either way, the outlook for copper remains very positive and, following the recent vid. of the CEO's confidence looking forward, this should soon push on again, so happy to add from here, fwiw but DYOR, as usual - sasa.

Hi gwm - while we're waiting for POLY to spring back to life, you might want to have a look at Atalaya Mining (ATYM) - the Spanish copper miner which has just paid a maiden divd of 29p ps.

Not a pm, of course but a crucial base metal producer in the EV / 'green' revolution with the shs now yielding just over 7% - just an idea - sasa.

Hi TDT - Yes, I hope you're right; it does look as if someone might be checking us out from your close scrutiny of the shareholdings which is interesting - at least we don't have any borrowings or bondholders to worry about...

Glad your move has now been successfully concluded - sasa.

Hi Henners - yes, I know what you mean vis a vis VVVLTHs; been in here since 2010 myself or was it 2009? Quite long enough for a decent return to be earned but "One day Rodders"... you never know. We can but hope - sasa.

Hi Geal - yes, it would be nice, to say the least, if this saga was successfully concluded finally; I've been confident for far too long with this, so more hopeful than anything else nowadays - it's been very wearing for us VLTHs after all... sasa.

Hi FRAK - nice to see you back and posting again; been quite a while...

My hair is now quite white, never mind grey, fwiw! ATB - sasa.

Yep, very encouraging vid. - thanks CaneToad. As I mentioned before, you rarely see a 7% yielder these days offering such a good growth outlook, too, as this one; the sp has some way to go yet, I'd say but DYOR, as always - sasa.

Agreed, ProphetW - Sprott / Anglo Gold Ashanti can't be happy with the way this has been run so far, given the self interest of the BoD / other major holders to date - sasa.

Hi RL - thanks for your further detailed analysis of the ongoing calcs. re: the likely all in sustaining costs for Araguaia post the funding package; an AISC of some $5 per lb is certainly reassuring looking ahead and must rank amongst the lowest cost profile in the industry.

Note that you're now sufficiently persuaded to get on board, too, btw, so GL to all of us - sasa.

Interesting observations there, pickedpeck - I've been wondering why we haven't heard anything about Teck with its 13% holding now to be diluted significantly in prospect.

After all, nickel exposure is lacking from their portfolio and the HZM investment was a partial 'hole filler' for them, although an indirectly modest one. It seems to me that they're more likely to walk away now or do something else themselves but what?

A JV for Vermelho is required at some stage but Teck might well upset the agreed arrangements now in place if they decided to partner HZM on that front - the only alternative might be the 'hostile' approach to take it on themselves; after all, they're a leading miner with a plan, apparently and would wind up with a major, direct, nickel resource with decent 'green' credentials, etc.,
Idle speculation on my part certainly and I don't want to set a silly hare running but it's very intriguing their position now - the silence is teasing if nothing else - sasa.

Thanks for that, wasa - very positive; RL was right, then, to assume the offtake would be at prevailing Ni price throughout, ensuring HZM gets the full benefit over time.

Very intrigued where Teck is in all this, bearing in mind their hefty dilution as things stand - sasa.