Member Info for sasa43

Hi Manuel - I know what you mean but, just maybe, this time it really might be different, as speedy says - I tend to agree with him, given all the significant changes announced over the past few months.

After all, it has to come right for all us really LTHs on here at some point, surely? This might be the start of the long road back - let's hope so! - sasa.

You've missed out one other important consideration, Starbuck - the missing 2018 impressive drilling results which have been purposefully held back for some reason.

The previous drilling report was declared as 'excellent' and the subsequent withheld results were stated as being as good, if not even more impressive; ergo, I think there's a good chance that the aggregate amount now might well be 2m + tonnes Ni equiv. when they're finally released.

Not ramping (been in this for a decade now) - just sayin' - sasa.

Yep, I agree, Hammer - sorry about the O/T .... sasa.

Hi Asa - yep, I've chosen the 'buy a new one' cop out. Did think about a laptop this time but they're a bit small screen-wise, for me, I think - my replacement PC is the next size up 27" diagonal, so I shouldn't need to squint so much at some of the small fonts some sites use...

Your last para makes it seem so easy - I tend not to get the response I'm hoping for when I press this and that to counter it going 'off piste' every so often, e.g. one of my printers suddenly stopped printing a couple of months ago for no apparent reason, even though it was still 'live' but when my computer friend investigated the problem last week, he casually stated that its driver had been disconnected; not that I knew what caused that to happen nor how to fix that, of course.

Anyway, nice to see AMC trying to get over the 2p level and, hopefully, push on from here - sasa.

Hi cossy - echo that! Were I a bit younger (now 77) I'd almost certainly strive to get on top of my ignorance but as I'm now in my 'twilight years', shall we say, I like to concentrate more on what I'm more familiar with / reasonably good at - 'old dogs / new tricks', etc., - sasa.

Hi Asa / gwm - thanks for your suggestions / input on my comp. situation.

I'm useless at understanding this technology; just don't seem to have the nous for it. 99% of the time, I'm a placid individual but when the machine plays up / goes on the blink, it raises my hackles like nothing else, 'cos trying to fix it is beyond my ken being all electronic etc.,

Anyway, my computer guru (a good friend of mine, as it happens) has diagnosed the problem as my now needing a new one after seven years or so and it's currently on order and he'll set everything up for me. I'm sure you guys would be able to 'fix & mend' or otherwise give it a new lease of life but, tbh, all I'm after is decent reliability without any or not too much hassle.

Thanks for your suggestions, though (if only I could understand half the jargon that would help) so I'm now looking forward to Apple Mac's latest model being installed in my office to keep me sane during 'lockdown' and for a few more years thereafter - sasa.

Cheers, Trek - chilling stuff but reinforcing the case for AU in the current climate - sasa.

Echo that, dj - same here! - sasa.

But never count your chickens until you've taken your cash off the table and banked it.

If I've learnt anything in this game, it's that no outcome is guaranteed, so never get over committed to any one situation, i.e, beware the 'black swan' event and make allowance for it.
No matter how cheap a share looks / however good its prospects, despite rigorous research, something wholly unexpected can happen to scupper your plans.

I know that you'll be aware of this but it's very easy to forget the prudence of it in all the building excitement; I've known a few folks in my time who 'went all in' and some never recovered from it, so just be careful until you're well clear.

If I can pass anything on for others' benefit, it would be that. I don't mean to come across as being patronising in any way but a gentle reminder is all that's intended. This should work out very well for us all here, as far as we can tell but just in case... GLA - sasa.

Yep, agree with that interpretation, NewK - perhaps BP will cosy up to Serica a bit more now over this (being a 5% shareholder and all) and, maybe, a BKR type deal might ensue. Ever hopeful, me! - sasa.

Hi harry - can sympathise with your cautionary approach on the sudden lack of news (was in the Ldn mkt for forty + years myself until retirement and did a lot of dealing 'down under' with the likes of J B Were, etc.,) but I don't have any qualms about this one, not yet, anyway...

Yes, I think the Directors' warrant conversions / immediate share sales have been unsettling, given the paucity of news just lately but then they had a huge profit to take on them before too long and still have sizeable shareholdings (that's visible, anyway) in the Co. Their timing on that score was poor to say the least, as it merely caused anxiety amongst ordy shareholders.

The fire outbreak recently, although not affecting the mine directly, has probably slowed everything up ( e.g. drill results verification, etc.,) not to mention covid 19 interferences but until something negative is reported, I'm not unsettled by these influences, given the potential of their mine, especially with the very promising 'zone 8' exploration upcoming news on that and recent optimism surrounding the Madsen mine / Red Lake generally.....

Pure is over funded now, if anything and with strong Instos on board and Eric Sprott very supportive, I expect the next RNS to be a positive update once again. Certainly hope so.

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

Yep, Backspace, I can confirm that; was on the LSE trading floor and right in the middle of it back then. First spotted it around 240p and after a few months it peaked at £124 ps Bid but no offer!

This has similar possibilities, imv - nowhere near that gargantuan rise admittedly will be seen, given the much higher float we have here and dynamics of the mkt today but in HZM's favour, we're much further along the development path than Poseidon ever was, post discovery, have larger established resources, pro-active management with significant Instos already involved and, of course, an increasingly benign Ni price outlook, given the EV revolution / battery storage for all sorts of power requirements, etc.,

Only a sharp decline in the Ni price subsequently, prompted a swift end to that phenomenon as more nickel miners upped production back then (noticeably Western Mining) and there was little demand follow through for the metal in the event but we have the opposite backdrop today to add to our appeal.

Ergo, just sit and hold these, imv, given this exceptional climate for nickel that's now building.

Whilst a 'Possie' performance (its moniker in those days) won't be repeated, as I say, these shs appear to have a long way to go yet before they reach 'fair value' so I'm just sitting tight for the duration. Just my take, anyway, fwiw - sasa.

Hi Manuel - hope your mountainous retreat keeps you well out of harm way for the duration...

Oddly enough, my Apple Mac (you've got a good memory) is now slowing up quite a bit (not unlike me, I suppose, as times passes) and my computer guru up the road reckons it's time for a new one, after seven years with it now, so he's now ordering the latest version for me and is going to set it all up when it arrives, so looking forward to that.

My internet skills haven't improved much, though, I have to say ('old dogs / new tricks', etc.,) but I can still spot dross posts on the bbs like DB's latest nonsense and still have no time for them, I'm afraid - sasa.

Hi Joe - well, I'm always happy to read contrary posts / bearish comments, etc., as it provides a degree of balance and us LTHs might have missed something significant but here we have a non - holder (surely) just chipping in with superfluous commentaries on how the mkt works, if only us investors knew what he claims to know.

Pure humbug - next he'll be telling us that he doesn't consider present conditions being likely! - sasa.

Hi Manuel - hope you're keeping well. Re: Destitute's persistent silly jibes (as if nobody else is 'au fait' with mkt practices / insto's approach to things, etc., other than him) I don't know why he bothers as he's really boring and contributes nowt to this bb...

DB's name says it all; quite agree with you - sasa.

You worry too much, upomega, imv - if you find a better value situation with so much upcoming news, please post it on here for all our benefit and we'll then compare them - sasa.

Hi D220 - yes, I did notice you're involved here - a shrewd move, I reckon, so GL to you and all on here.

Also still in Serica as my last surviving 'oilie', fwiw - although the investment world is clearly moving away from fossil fuels, we'll still need them for a while yet to drive life and all the machinery to bring the replacement energy into usage and gas is somewhat 'cleaner' than crude, too...

SQZ's still very cheap and with good management, increasing production upcoming and a very strong balance sheet (no debt + £100m cash and growing on there - well, you know all the details) being my requisite criteria, I'm waiting for the next event to see a further re-rating and then will consider what's best to do.

Meanwhile, HZM has all the qualities / prospects I look for, so this should at least emulate Serica's performance in recent times and then some! - sasa.

Just seen your post, Flavour and fully agree with your view - sasa.

If you spend the time researching something and come across an undertaking that's way out of whack with what value should be ascribed to it, then just buy and hold. That's my experience, fwiw and forget about 'penny pinching' trading - when things like this move, they really do!

Provided there's good management, the company owns a sizeable / commercial resource and has a strong or, at least, a decent balance sheet, then the mkt will eventually cotton on to it when things really start to get going. We have these attributes here in spades, imv, so patience is all that's required at this juncture.

Only cautious sentiment, largely driven by instos being under researched on AIM stocks, which are invariably RNS driven, holds this back, pro tem.

When the next funding news is announced, especially if the equity element of the package for Araguaia is minimal, then those currently seeking a cheaper entry point than today's level will, almost certainly, look back in anger if they're not careful.

Just my take on where we are right now - sasa.

Hi gilyard - nice to hear from you, too.

Yes, I recall my anxiety in running on with CEY when the 'Arab Spring' broke out, so I profitably exited, preferring to see how it all panned out from the sidelines. The one negative I had over it throughout was the 50% Govt. stake held, whereby they received half the earnings and largely determined the tax take, too, so CEY wasn't as striking a free enterprise 'goldie' as one normally gets involved with, despite the impressive achievements back then; not sure whether this still applies today?

AS for AMC, to say that I seriously underestimated how long it would take to bring things together here, would be a major understatement - so apols for that! Would that we were clairvoyant in such things...

Over the past decade or more, we've seen the resource increase by some 5 x but then the equity float has done the same, as the shareholders have funded its existence throughout as we know, so you could say that the juxtaposition is largely unchanged but there's a new dawn emerging now, imv, which should, finally, start to pay off.

With the latest deal announced to see AMC being partially self - funded henceforth (to the relief of the LTHs from doing that job hitherto) and a new man in charge against a much improving outlook for our nickel sulphide, one has to draw the conclusion that if ever Amur was going to finally make it, it must surely be under such beneficial conditions we're now seeing...

Hopefully, we'll soon see our exceptional patience being fully rewarded - that's my hope, anyway, after all this time, so good luck to us all - sasa.