Member Info for sasa43

That was a 'UT' trade, Lasata - just a book squaring deal between MMs - sasa.

Hi Moneyman, nice to see you back on here; we've all aged a lot since those halcyon days of yesteryear but 'while there's life, there's hope'... - sasa.

Echo that re: TDT, Joe - he keeps posters regularly updated on many links peeps might otherwise miss relating to the outlook for AMC and endeavours to keep an objective view running rather than wild hopes of multi - bagging potential all the time.

That 'feet on the ground' approach is certainly welcomed by me in the hopes of a pleasant surprise one day, which all the VLTHs yearn for, of course - sasa.

Roger that, IANAA - next year should be quite something, assuming oil & gas prices hold up along with all the other additional benefits contributing then, too, as you say - sasa.

For Rhum3 to be in production in Q3 - from Mitch Flegg, promptly replying to my second e-mail earlier today with them not having received my first message; so obviously an erroneous sending procedure on my part originally. Clearly, Serica remains 'on the ball' even if I wasn't!

Good to know this important event is on schedule and the confirmation will be RNS'd once they're able to do so - sasa.

Hi flex - Roger that...

I did e-mail the Co. a year or so ago about possibly moving off AIM and onto the main mkt to gain more exposure / Insto recognition, etc., and Mitch responded very quickly stating that that has always been their aspiration but no more than that back then.

Given Serica's a very different proposition today, looking towards next year and beyond, it wouldn't surprise me at all if that aspiration is much closer now - sasa.

Hi flex - just to advise that I haven't yet heard back from Serica but, in case I inadvertently used the wrong e-mail message procedure to them and they didn't get it, I've sent a follow up via a different route this time today and will advise the bb of the response, when received.

They're usually pretty swift in replying to shareholders, as RELLIM mentioned the other day - sasa.

Hi RELLIM - no reply yet (unusual for them, agreed) so you might be right...

Thanks, Almsivi, too, for that insightful post on the 'mechanics' involved in bringing Rhum3 online - seems a good deal more involved than I envisaged as well; given that R3 contains 60% of the field's total gas resource, according to Serica, it's pretty crucial that all goes well and, hopefully, on schedule - sasa.

Have this morning e-mailed Serica asking whether the Rhum 3 hook up to Bruce is on schedule for Q3 production commencement and assume this important announcement will be RNS'd accordingly.

Will let you know their response when received - sasa.

It provides the only direct exposure to Tin and, potentially, Lithium & Tantalum - the three principal metals required in the tech sector that I know of.

Its balance sheet is in pretty good order now and Namibia is a mining friendly country, too, which helps to underpin its appeal looking ahead.

The miningweekly.com link that urai provided below is well worth viewing where the CEO is pretty upbeat about the potential, given the Tin price today is well above earlier calcs. prior to the addition of the other two crucial metals contributing later on but DYOR, as always - sasa.

Agreed, risehall - especially when the Directors come up for re - election. Not voting for them might be a reminder that the shareholders OWN the company and the Directors are merely employed by them to run it.

That might be chastening for them to genuinely listen more to shareholders' concerns and do something about it / adopt a more concerned attitude towards their employers.

A first step would be to get off the pointless Bourse and move onto the NASDAQ for our joint listing and then the mkt valuation would rapidly move closer to our real worth - sasa.

Echo those good wishes, Mat, to sparklehorses and to all who fall foul of this evil disease - the quicker SNG001 gets authorised as an effective remedy and out to all sufferers, the better.

Still amazed that whereas the vacs were, quite understandably, rushed out as an emergency, foregoing the usual prolonged efficacy tests, this treatment still has to go through the grind of validation to be proven as effective.

Ah well, soon it will be confirmed, hopefully and rapidly deployed - sasa.

Yes, I agree, NewK, that a BKR Mk II is probably as rare as 'hen's teeth' now with the gas price so high and looking to move up further still as winter approaches. But you never know...

Meanwhile, the profits outlook / divd forecast for next year, with Serica then firing on all cylinders, can only be good for supporting the sp around this level even without any acquisition news and if Eigg really pays off, they'll be spending their cash developing that I'd imagine - sasa.

Hi NewK - thanks for your comments / observations re:KIST and ourselves in the present climate - an interesting take on things - sasa.

Hi NewK - with gas futures rising so significantly of late, I suspect Serica will / should be hedging rather more / undertaking further swaps, etc., to bolster this years outcome; the 66% revenue boost from BKR alone being only a few months away now should compensate if such protection proves rather premature, even now.
Ergo, the 2021 y/e outcome looks likely to be a very substantial improvement on last year's 'one off' disappointment as I tried to calculate a while back with a decent divd hike being very much on the cards if current circumstances persist.

Btw, it was suggested to me recently that KIST might well be interested in us, once AA has everything bedded down there - seems rather a 'bridge too far' for them to me but as you hold there, too, any thoughts on that? - sasa.

The last cash raise was a placing as the heading you utilise states, Hazbeen, confined to professional investors as was the book build in Canada, i.e not a rights issue to all existing shareholders.

The equity element of the prospective funding package en route, hopefully, is very likely to be a rights issue available to all existing shareholders - sasa

Tin is what we've got right now at $35k per ton, fortunately, with good prospects for Tantalum and Lithium some way off at this stage but ultimately, we might well be a threesome to materially boost our appeal - sasa.

Like your culinary analogy, pickedpeck and an encouraging reminder of what HZM presides over / the potential when financed shortly. Being on AIM, the shs are not yet followed very closely but when they get going, they certainly should be - sasa.

There's more to discuss on here today than your 'bona fides', as if any LTHs are interested - sasa.

Like many LTHs on here, I've been invested in NYCT for 18 months now and have been surprised by the exceptional volatility of the sp to date, given the extraordinary growth GM has superintended over such a short time frame. Whether the awaited results will indicate that that was a 'flash in the pan' or another 'milestone' achieved en route to better things to come, for a variety of reasons, has yet to be determined.

The sudden departure of the CEO being announced is invariably unsettling but this seems to have been planned for quite a while, rather than a prompt exit being associated with 'a search for a suitable replacement is now underway, etc.,' statement which has more ominous implications, of course but not so here, as far as I can make out.

Clearly the disputed DHSC contract, payment - wise, has materially unsettled sentiment much more so than anything else and the longer this has gone on the more the sp has declined.

GM probably has been too protective of his 'baby' having developed it almost from scratch and resolution of several impediments holding back NCYT's continuing progress need to be implemented (like the DHSC contract dispute, getting off the Bourse, onto the NASDAQ, maybe even accepting an offer for the Co) was too much to 'let go' and, perhaps, the new CEO taking over soon will more easily move NCYT up to the next level.

Certainly, the current rating is way below what the shs are worth in todays climate and where the sp should, therefore, be. Ergo, the new stewardship is more likely to facilitate this prospective re-rate faster than GM might have been able to do and to that extent, I think the news is a positive for all us frustrated shareholders. That's my take, anyway - sasa.