Member Info for sasa43

Hi gwm - just seen your post...

Can't help you with the IG spread bets / CFD contracts, I'm afraid as I've never used them myself - send them an e-mail or 'phone them to establish your options henceforth, I guess?

Yep, happy with BRWM and POLY and expect both to increase their divds next time. Don't expect a divd from Pure for some time but I do expect them to recover sharply when they next report / gold and silver prices regain their poise.

BRWM have a good exposure to copper, too with Nickel and Copper being in the vanguard of the battery / EV revolution, of course. ATB - sasa.

You're on the right track, wasa, with your preference for investing (after much necessary research, of course) rather than punting around trading for a turn or two here and there; in my experience, anyway.
I've been in this game for over 50 years now and have known quite a few who've really made it big, but I can't think of anybody, offhand, who made a fortune from trading all the time, apart from the commission takers - they love all that activity.

The real gravy is made by astute investors, not by the 'penny pinchers' - as the old mkt saw has it ' the short term dealer is a long term loser' - if that helps - sasa.

Hi NewK - thanks for your reply on the offeror possibilities as you see it - interesting...

Just idle conjecture on my part, of course, with little else to comment upon prior to next months Y/E results; hope you're keeping well, too - sasa.

Hi NewK - that Serica is 'dirt cheap' as a 'given', especially now, as you've usefully reminded us all of the relevant attributes, both current and prospective, affirming so, I presume the 'wink, wink' you implied relates to the more aggressive outfits like Kistos?

Given AA's preference for gas nowadays, I guess SQZ would be 'front and centre' on his target list but given we're already 4 x their size and any offer would need to be enticing for ACW / MF to seriously consider putting that to the SHs for consideration, you'd need to see an offer well north of 200p ps, probably nearer 300p to gain serious traction.

In that event, our mkt cap would be nearer the £900m - £1Bn level - despite RR's reverse T/O of the Marathon assets last time, might not that be a 'bridge too far' even for AA? Yes, he could leverage significantly on the back of our reserves / prospective revenues from 2022 onwards and SQZ's growing cash pile and his own, comparatively modest, liquidity but would he even attempt it?

Just idle speculation on my part but was just wondering if you had such a suitor in mind? ATB - sasa.

You and me both, VanV - after much research, I've concentrated on this one alongside my position in NCYT, as they seem by far the most promising of the covid related choices - testing and therapy seems a strong combo in this anxious climate - sasa.

Good piece on the macro picture there, Tornado - I was going to question the only aspect of it after lunch vis a vis the bond prices comment (yields here will rise as prices fall) but I see you've already spotted / amended it - sasa.

Echo that, Black - you, me and all of us VLTHs! - sasa.

When they announced their maiden divd last year, MF stated their policy was for a 'sustainable' distribution policy henceforth so, unless a major acquisition is announced utilising all their cash, it should, at least, be maintained at 3p ps, if not increased somewhat.

After all, the present divd is 8 x covered by earnings - ample headroom to repeat it, if not more, unless a sizeable acquisition is contemplated shortly - just my take on that, fwiw - sasa.

Hi Asabutcher's - fine, thanks and you?

Yep, my tenacity comprises 'aggressive inactivity' which is quite outdated nowadays, I guess and in it's prolonged form, distinguishes the LTH from the VLTHs of which there are far too many on here, I know, but 'one day, Rodney'.... sasa.

The 'endless waiting' is what all the LTH's have endured, Greenfingers, as you say; over ten years now in my case - just about sums it up, but while it's still going / the huge discovery is still there to be exploited, hope springs... sasa.

Hi zeratul - wouldn't hold your breath on that one, i.e, Reddit and the like next moving onto gold after they've finished with silver - that's a whole different 'ball game'.

The gold price might move ahead somewhat in sympathy, if the silver price moves further north in the short term but AU is 50% + owned / traded by Central banks, not to mention the Fed's continuing efforts to constrain its advance in shielding the US$ - very much a 'bridge too far' in my book...

PUR, though, remains very oversold at todays level, regardless, imv - sasa.

Poly's results shortly are a good deal more encouraging than those from FRES today. Of the two FTSE 100 constituents in the pm space, Poly's been the better share to be in and rightly so, imv...

Anyway, I've just bought some more at £16 on that expectation and hopes of a reasonable hike in the divd, too, which, if confirmed, should prompt a swift rally in the sp - sasa.

Hi NewK - I've been thinking along those lines, too, post the PMO/BP deal having collapsed.

We've got good relations with BP and the BKR deal we have with them has been mutually beneficial for both sides, so why not repeat it with the Andrew / Shearwater assets? Todays price would be a good deal lower than the initial PMO terms (in Serica's favour) and BP can't advance its 'green' credentials fast enough by offloading such assets, so a win - win here once more?

I got the impression from the corporate update yesterday that MF was very keen to get a deal done asap (with the usual caveat of being earnings enhancing from the 'off' and at the right price) which, given the BKR experience, points in that direction, too.

Just my current thinking, anyway, fwiw... sasa.

Wondering when to take a profit or even something 'off the table' Strummer, is always difficult to gauge, as you rightly say - it's even harder now vis a vis where then do you re-invest / find something more appealing than this, given deposit interest is non - existent nowadays?

Ergo, 'running your winners' for longer seems more logical than ever, until it becomes irresistible but not yet awhile, I guess - sasa.

Legache - the current p/e is 5.5 now, based on last yers eps of 24p ps. Pros. p/e might be in the region of 4 or so if the y/e results due out in March show reasonable / good growth. The dividend is likely to be raised, too, in that event.

These shs have been seriously undervalued for a long time now and with all the upcoming developments in train, remain so, imv. But a p/e of 1? - don't know where that comes from... sasa.

That's tough, really tough, maen - nothing beats first hand experience, sadly, of this evil thing. Let's hope the powers that be finally get the message and get SNG's treatment into the mainstream, asap.

Our thoughts are all with you and your family - sasa.

Glad you're still holding then, upomega - after a ten year stint in this, like me and many other VLTHs, maybe we're close to another decent re-rate to justify all the patience exercised. GLA holders - sasa.

Yep, I've been thinking along those lines, too, QC - given SQZ's good relations with BP ( a modest 5% shareholder as well) it wouldn't surprise me at all if they're now talking about the Andrew / Shearwater assets as a particularly good fit for Serica, a la BKR...

Given how well that deal has worked out for them both, SQZ should be a preferred bidder, I'd guess / hope and if agreed on similar lines, the current sp should re - rate quite sharply from here - even Upomega would be happy, I dare say... sasa.

Yep, hope all goes well for you, too, Wilson - sasa.

Good on yer...Mommur - sasa.