Member Info for sasa43

Yep, spot on with that comment, Mikep - couldn't have put it better myself - sasa.

The EU's trying every trick in the book to hide their own incompetence over the vaccine scandal over there in a vain attempt to show other states not to follow our Brexit example.

Whilst 'pooh - poohing' the efficacy of the AZN vaccine, they're now trying to grab as much of it as possible - if ever there was a sound case for exiting this bumbling bureaucratic nightmare, this latest incompetence must be it! - sasa.

Well said / recounted, ShareSting - I got in around that time, too, having paid 59p only to see the sp slump to 35p soon after but, fortunately, I held the line and added some more via the 2nd cash raise at 175p which, given their laudable cause, seemed well worth supporting.

All we need now is another successful trial outcome coupled with an EUA from the US and todays price level will soon disappear in the rear view mirror - sasa.

gathering pace with their vaccine developments, maybe the elephant is beginning to break into a trot at last? Certainly overdue but better late than never! - sasa.

Hi RELLIM - echo that. Now looking forward to the upcoming Y/E results and their various updates / forecasts for this year, etc., - sasa.

Hi RELLIM - quite agree that our elevation to the main mkt would materially assist a re-rate for us - having enquired about this a while back, Serica informed me that that's always been their 'aspiration' at some point.

Why not post Rhum3 / Columbus / 100% 0f BKR revenues / an even Eigg getting underway? If successful with these, that would be an ideal time to go for exercising that aspiration, being a much bigger producer by then - sasa.

Hi NewK - I meant that, with Kistos now suspended, you're 'stuck' with a very cheap share to concentrate on like you did before, prior to their next RNS with last years figs. / updates and forecasts, etc.,

I've noticed, of late, that you've become increasingly frustrated by the lack of news on the acquisition front, which is understandable but excusable for them, until the right one presents itself, imv...

ACW and MF might yet spring a surprise and although you / upomega and a few others might retort that they need to, I'll rely on the cheap stats here, myself, if they don't; those alone could prompt an approach for Serica, as many have speculated upon, of late.

If this transpires, an offer of well over 200p would need to be tabled to succeed , I'd say, so whether a re-rating is occasioned by them doing a really good deal, or another party trying to acquire them, the result will be the same for the shareholders - meanwhile, the stats remain very supportive.

The static sp today v two years ago should also be viewed in the context of the near implosion in the likes of other players in the oil mkt, notably amongst the majors, like Shell / BP. etc., Anyway, thats my take on things, fwiw... sasa.

Well, NewK, you're 'stuck' with your Serica investment for now and you'll have to hope that the Y/E figs. due out shortly more than justify todays uninspiring sp level.

A likely divd increase / useful updates on R3 (hopefully positive in getting this significant additional production under our belt, as planned) / Columbus on track / news on Eigg, possibly, / 100% of BKR output next year, etc., should make for a strong forecast for 2022 and lift sentiment from here and any progress on a cost effective acquisition, all the more so.

Accepting that ACW and Mitch might have been too cautious in getting to grips with a suitable target thus far in hindsight, is a fair criticism but that management quality trait is an asset in these uncertain times, not a demerit, imv - sasa.

Agreed, Axe - one minute they're 'bullish', the next they're inclined to be negative; expedience seems to be the driver here, so I take their view with a 'pinch of salt'...

We all know what we're waiting for here, so let's hope the P3 outcome is as good as the P2 results were to put the efficacy of SNG's treatment beyond doubt. We all need a proven therapy to augment the vaccines now being rolled out to combat this evil thing, after all - sasa.

Agreed TDT - I remember Nautilus Minerals, too and they went under in their attempt - gotta be more savvy to develop the likes of KM, surely? - sasa.

Hi Joe, hope you are well, too...

As you and many of the LTHs on here know, I've been positive on the potential for AMC for a very long time but, so far, I've clearly been quite wrong in mis - reading the management's ability to 'bring home the bacon' here with their poor SH relations just exacerbating matters.

All holders, especially the LTHs, are understandably very disillusioned by the woeful performance to date, as I am, too - one can only hope, therefore, that something positive will yet emerge to change the collective mindset... sasa.

Hi Manuel (hope you're keeping well, too) and fellow LTH sufferers. I can well empathise with all the understandable gripes following the lamentable sp performance in recent times, as I'm some 80% down, too, over more than a decade in this now...

However, we are where we are and no amount of 'sounding off' on here is going to change anything as we all know, really. We're now in a binary situation here, it seems to me - it'll either work out or it'll be a wipe out; a sudden recovery of much of our losses or crystallisation of them.

How long it'll take to find out which transpires, we just don't know. It's worth remembering, though, that we have cash in the bank with some useful income receipts coming in, no bank borrowings, nor bond holders to worry about whilst sitting astride a massive and increasingly valuable Ni sulphide discovery which is becoming more desirable today than it's ever been and someone will look to monetise it, even if our BoD can't bring it off themselves.

Ergo, my guess is a pleasant surprise is more likely than not but let's have less negativity on here while we wait it out; it's depressing enough as it is right now - that's all I'm saying... sasa.

Yes, we're all very frustrated and well under water (most VLTHs, anyway) and the Bod's comms have been very poor. We'll either all wind up losing the lot or something will suddenly crop up to surprise us on the up side.

Having written this off mentally for quite a while now, that's the only sensible thing to do now, imv - it'll save all this incessant grumbling which just compounds the angst of it all and serves no purpose, other than to weaken an already woeful sp - sasa.

Two good / helpful posts on this, leehc and Dartron, if I might say so, guys...

Patience is conspicuous by its absence in too many cases in this game, lee, as you rightly point out.
As long as the fundamentals remain sound / the outlook promising, etc., patience is all that's required in the majority of cases.

In gold's case right now, it suffers from two short term pressures against it, imv - rising bond yields and the, so -called, upstart of digital gold - Bitcoin. A renewal of QE bond buying by the FED and ors to bring those yields down again shortly is most likely and the Butcoin (sic) craze to come crashing down once more is more likely than not at some point. Both events will then boost gold.

As for POLY, this has to be amongst the most appealing of the major producers now, following their latest, very impressive, figures and sizeable divd increase. A FTSE 100 constituent in the pm space yielding around 6.5% is almost unheard of in my long experience in this game (50+ years, fwiw) and thus currently offers exceptional value today and once the aforementioned pressures are off, the sp should rise sharply reflecting these prevailing stats. Ergo, just be patient, that's all.

That's my take on this, right now, anyway - sasa.

Agreed Dibs - very impressive results; much better than I was hoping for in such a difficult year, too.
To say the sp has some catching up to do is an understatement to say the least! - sasa.

Tend to agree with that, Bluelight - moreover, one shouldn't underestimate the French connection here; they hate foreign T/Os of 'their' companies and with GM being a dedicated business builder, anyway, the odds look very much against it.

Ergo, any hostile move would have to be at a substantial premium to gain any traction with a good deal more than £12 ps as a starting point, I'd say... - sasa.

R3 contains 60% of the total Rhum gas reservoir so, assuming success in bringing it online, its boost to production should be considerable and, I guess, that Serica's been stepping up their gas hedging commitments with much higher prices now than last year - sasa.

A good price to go long? I'd say so, Sale, as I expect the finals to impress with a decent hike in the divd to boost sentiment, too - looks very oversold to me at this level but that's just my personal view.

It would materially help if JPM would desist from their ops. against the gold price, of course; it's also supposed to be the Bitcoin craze working against AU as well for now but gold has intrinsic / tangible worth whereas the crypto fad doesn't - I know which I prefer in these unsettling times... sasa.

Hi Henners - hope you're keeping well...

Yes, I think that remark was made by Gary Player, the South African golf master and I certainly think it's applicable to the investment approach, too, whilst recognising that that is rather 'old hat' nowadays.

Every maxim has its limits, of course, like AMC, where I'm still soldiering on but 'one day, Rodders' etc., is all I can say about that expensive, long term, involvement thus far! - sasa.

Echo your last sentence on the approach to this game, Woodstock - I've been at it for some sixty years now and have long since come to the same conclusion, fwiw... Have high hopes for this one; just patience required, that's all - sasa.