Member Info for sasa43

Hi cowboy - no, not in the strict sense of a 'locked' mkt which the definition implies but rather the bid suddenly rising to meet the offer and if extended, it will cause a 'back' in the quote (backwardation) where, in theory, you shouldn't be allowed to exploit that short term anomaly.

The inference, though, is that someone wants to get stock, regardless of going a 'smidge' up on the bid in the usual way to get it and is happy to pay the full offer prevailing at the time - it doesn't last long but is regarded as a small 'positive'... sasa.

Haven't seen that for some time - I'm no chartist but it looks a good sign to me - sasa.

is no longer investable, imv.

Today's news is shocking with POG returning to the 'gamblers only' category once again, just as things were looking so promising, too. Shareholders don't need to see this 'in fighting' again - ergo, I'm out - sasa.

Hi NICODEMUS - you've highlighted the unflattering aspects of where GENL operates / the attendant risks associated with that part of the world whereas SQZ carries none of that 'baggage' - so I think that you've answered your own question, really...

Rookie summed it well - no contest! - sasa.

Hi munchbox - roger that view / your reasoning behind it. AA has already intimated his preference for more gas in his energy mix - hence the recent speculation that he might first look for a mid - sized prize like Serica (80%) gas which has been fairly well aired.

Either way, it shouldn't be long before we know what his plans are... sasa.

Hi Johnny - you've obviously done better than me in AMC then, as I'm still stuck in it but have made up the paper loss and more, fortunately, in getting a decent holding in Serica around the same time (some ten years ago now) so, overall, can't complain...

The mkt tends to dismiss progressive companies with debt - free balance sheets overloaded with cash as it deems the latter to be idle capital utilisation until it is employed pro - actively. When RRE puts it to work, perception should improve markedly as the new combined stats are calculated and that should be fairly close now.

The same applies to Serica, imv, so I'm very happy to be holding both as the two best positioned 'oilies' around right now with strong defensive characteristics, too , which the mkt should place a premium on rather than a deep discount.

No 'efficiency of mkts' on this score to me! ATB - sasa.

'Now is the time to strike', you say, munchbox; generally agree with that but AA might well be refining that timing to maximise its impact on any target he has in mind.

The 2nd Qtr earnings (or lack of ) will be the first full effect of Covid 19 on most reportings to be issued later next month. If, as seems quite likely, they'll be pretty dire, Brent is probably due another downturn in reaction and with mkts probably retreating on the pessimistic outlook, corporate liquidity will be under renewed stress with asset sale prices reflecting that all the more...

Ergo, that would be the ideal time to strike, I'd say and AA will be cognisant of any buyers' enhanced bargaining position that that affords - so, yes, he's probably closing in on his target currently but wanting to finesse the terms he's prepared to offer.

There should be even more forced sellers coming down the track pretty soon, so a cash rich outfit with considerable borrowing powers, could really 'cherry pick' the very best offerings, with alacrity.

The same applies to Serica, of course, although historically, they generally eschew borrowings. Just my take at this stage, anyway - sasa.

Hi NewK - I see where you're coming from re: the possibility of a small divd cut but I doubt whether AA would take the risk of undermining sentiment towards his baby - any divd trimming is invariably perceived as a negative development...

Once you've embarked upon a distribution policy, every effort will be made to maintain the policy / avoid peeps reaching the wrong conclusion that it might be expedient to do so looking ahead! As you say, he doesn't need to and I'm sure he won't. - sasa.

Thanks kenj for this latest pointer on the Ad blocking front - much appreciated - sasa.

Good question, that, Thunder and, regrettably, I don't know why that is, either.
The Russian location is a bit of a 'no, no', for many but if you compare the 5 Yr records of both / their respective sp performances over the period, HGM has much the superior achievements.

I expect the better showing to continue, myself, especially when Kekura really gets going next year and into 2022 - sasa.

'IMO, this is a bargain', you say, rylidan - certainly agree with that and in this income starved environment, the near 6% yield currently applicable underscores the appeal of this one all the more. Been in HGM for yonks now and very happy with the growing total return...

A decent upturn in the sp looks overdue to me - sasa.

The main point is that the Moscow listing invites a raft of new investors, since no additional shs have been issued to accommodate them.

A smart move on POG's part, given the domestic appeal, too - sasa.

Thanks, kenj - wasn't aware of that option... sasa.

Payable 24th July - every little helps... sasa.

Hi Penhome - nice to meet up with you again on here, too.

I'm still stuck in AMC with a sizeable paper loss but, at least, I've managed to offset that via a very successful experience, fortunately, with Serica (SQZ) - been in that one for yonks, too and hopeful that there's still more to come from there before too long...

Like, DtG, I'm fearful of a major decline in the mkts soon, given their artificial levels today buoyed by all the excessive QE being employed and so I've stepped up my exposure to the gold miners of late as the only worthwhile defence I can think of currently - aside from a decent cash reserve, of course. The next industrial reportings are likely to be dire...

Anyway, hope that you and yours are all well - sasa.

Hi ND - Yes, LKH - used to have the odd duel with him on iii but he might have just 'sailed away' or he's in 'dry dock' these days, perhaps; always good, though, to learn of others' views to help balance matters, otherwise you're likely to wind up seeing only what you'd like to see!

Only post on here (the other one you mentioned was too much 'in one's face' all the time with all the flashing adverts, etc., when I moved away from iii) - mind you, LSE is becoming increasingly cluttered with those distractions, too but I suppose it's all about revenue generation for the site.

Hope POG is now on the cusp of a new lease of life, after their near demise a few years ago - with their sizeable resource / ability to really commercialise their substantial laterite reserves, through their POX hub complex, at last, the portents for them today look better now than has been the case for a long while, imv...

Hopefully, the secondary listing will presage that - sasa.

'Morning David - I'm relieved somewhat that your 'gathering storm' is largely T/A based rather than a fundamental criticism of POG itself at this stage, after its 'near death' experience.

Have to agree with you about the fragility of mkts in this weird world we're all in nowadays and July does look a likely harbinger of bad news as the 2nd Qtr results / covid 19 affected, come in.

You may recall that I never trade, per se (old dogs & new tricks, etc.,) so a reasonable cash reserve / combo of the most resilient stocks is my response while this unique situation is worked through. Moreover, the most overriding concern for me is the accelerated decline of the buying power of money with all this 'helicopter money' being produced out of thin air and gold's renewed ascendency in consequence is almost a 'given' in my book.

Yes, there will be pullbacks in the AU price periodically and the miners of the stuff reflecting that , of course but since gold represents the universal and immutable unit of exchange as the only 'real money' against which fiat money is based - I opt for gold / quoted producers over cash, longer term; whether it be deflation or inflation coming down the track...

Finally, I wonder where the old stalwarts of iii are today? I left there for this BB some five years ago, after iii screwed up their site's navigation procedure and I couldn't get my head around it.

Anyway, it's good to have your input on here now and I hope we all prosper ultimately, which is the name of the game, after all, so GLA - sasa.

Hi DtG - what a nice 'blast from the past' to see you on here - it's been a long while...

I came out of POG some seven years ago now when they began to stumble and their POX hub was proving very costly to get to operate properly. Am intrigued by your 'brewing storm' warning, however - care to elaborate on that?

I ask because, following the secondary listing application news, that's usually a positive sign on the foreseeable outlook for any Co (very bad form if they disappoint so soon after getting that additional exposure) and I've just re - taken a position today on that premise.

Hope I haven't missed anything significant / put the mockers on the sp if I have. Interested in your view, accordingly. Anyway, I hope you're well and flourishing - sasa.

Certainly agree with that project management charge idea, NewK, with Serica doing all the work on it, IOC is very much the proverbial 'sleeping partner' so a decent fee deduction from their escrow accumulation A/C would, doubtless, get the US 'on side', too, when it comes to OFAC licence renewal time! - sasa.

Yep, quite right, NewK - 50% of the R3 development cost will be due from the IOC - presumably SQZ will merely deduct what's payable to them from the IOC's 'frozen funds' held in the escrow A/C, I guess... sasa.