Member Info for sasa43

Well, peckingduck - if you're right that a JV agreement to develop BW is likely to be announced fairly soon, that'll be well received, sp - wise, in bringing that project more into view, I'd say...

I wonder if SQM might be involved in augmenting their existing JV with LR , too, then? Bringing Andrada into closer co-operation with the major mining group has other connotations as well, quite possibly, wouldn't you think? - sasa.

It was an unusually strong price action we saw yesterday, agreed Krackenoil - even an early Triton fix being announced wouldn't have prompted such an impressive upturn I wouldn't have thought - certainly intriguing, after the Enquest deal was abandoned - sasa.

Yep, it's looking good again today, too, unlike lithium which continues to ease in price, unfortunately.

However, tin's more significant for us as its profitable output effectively subsidises the upcoming production costs of the lithium but when this tech metal picks up again, the sp should respond accordingly - sasa.

The ageing Triton facility has been damaged by the recent NS storms but it should be repaired in June or shortly after, so that'll be good news and should boost the sp accordingly, if that helps, Crazyyear - sasa.

Hi Dartron - yep, those were the days, eh? If only Polymetal hadn't been caught up in the Russian imbroglio / stigma since then, we should have done very well, methinks...

As for BRWM's increased exposure to copper, that's certainly a plus, agreed, as it's about the most appealing of the non - precious metals, eclipsed only by tin, imv, given the relative scarcity of such a crucial tech metal, as you'll know. I like the small cap. Andrada mining for exposure here, fwiw - well worth a look, if you're interested...

As for silver, it's long been mooted as gold's 'poor sister', of course and the heavy manipulation of the price by several Instos over the years continues to suppress it, as you rightly point out. However, I'd guess the current 'spot' price broadly discounts this historic handicap today and if any let up in the skullduggery against it emerges, the price could well move sharply higher but timing, as always...

Wheaton's the quality play here when one feels adventurous about it, agreed.

Keep well and ATB - sasa.

Unfortunately, Nss22, Governments hate undertaking policy 'U' turns for fear of admitting mistakes as the stigma tends to linger on for a good while afterwards, whereas incurring some displeasure from most of the electorate in not doing so, is perceived as being only a temporary / manageable setback in credibility, as we all know...

Ergo, no chance of Labour 'doing the right thing' here, I'd say - sasa.

Hi Dartron - generally agree with your summation here with BRWM's increased exposure to gold miners of late looking quite timely with the surge in demand for AU hitting new 'highs' in recent weeks...

Am a bit surprised, though, that they have only a pittance invested in silver, where the current gold / silver ratio at 100 x odd currently is so appealing, historically. Given the latter's racier performance, albeit in either direction, I'd have thought that AG looks considerably cheap today to warrant a more significant exposure at this juncture, wouldn't you think?

Any thoughts on that? - sasa.

I think the 'merger' between them was more to do with Serica acquiring more tax losses which Enquest had available and 'fast tracking' their move off AIM (hence the RTO nature of it) but now Serica's on its mettle to get onto the main mkt themselves which they've indicated they're getting on with anyway...

Ergo, no harm done by calling the whole thing off - once off AIM, SQZ can concentrate on better utilising their cash and $1bn odd borrowing facility available to acquire something else (hopefully o/s) once they've settled down on the main mkt and start benefitting from greater Insto interest in us henceforth which should facilitate our long overdue re-rating.

With Serica being more into gas production than oil, the quandary over the Brent price currently should make such searches easier, price - wise, for them, too. Just my take on this, anyway, fwiw - sasa.

Echo that, NQM and I'd add, genuinely getting off AIM and looking to acquire something directly (preferably o/s) afterwards now the oil price has wilted considerably, bearing in mind we're more gas orientated, fortunately.

Ergo, move onto the 'front foot' for a change! - sasa.

Well, I guess Carlos Slim is closely monitoring an opportunity here, NewK - he holds around 5% of Harbour, I think and must be well down on his investment, too, like the rest of us.

Even a 'low ball' would stimulate interest in HBR for a change, if nothing else! - sasa.

Agreed, TD2 - sasa.

Yep, pekingduck, news on these is quite overdue, so a likely update here is a good guess - sasa.

Yep, V1per - but at what price? That's the determining factor, as always...

AV apparently spurned an 'eye watering' offer from an unknown Chinese representative a few years back but much development of Andrada and its potential has gone on since then, so any 'low ball' based upon a conventional 3 months VWAP, for example, wouldn't gain any traction with him or us LTHs, I suspect.

And then there's SQM's partnership in developing Lithium Ridge being well underway - they'd have as much, if not more , to ponder if any offer was forthcoming, I'd guess, unless an initial approach was well in excess of our current paltry mkt cap.

Beyond that, there's BW looming into view, longer term, too - so it's very difficult to gauge what ATM might potentially be worth even in today's uncertain climate - my guess would be an sp well into double figures, especially if AV's able to confirm a positive eps achievement soon but that's just my biased take right now, being in this for quite a long time, already!

Ergo, GLA, especially to the LTHs in here - sasa.

Precisely, TD2 and HarChris - these impromptu vids. of a general overview nature don't really 'cut it' anymore with most LTHs, I suspect - we need completions of some outstanding objectives / other development stages having been met, to encourage the 'diehards' here, at least.

That's where further support for the sp will come from to lift sentiment - sasa.

Well, fogthemogg, it's worth remembering that the shareholders own the company with LC and the BoD duly appointed by them to run the show, of course...

Her stewardship has been quite good to date, imv, so I doubt whether that's the reason but if that's what it takes to elevate our paltry mkt valuation, then so be it... sasa.

Another 'positive' update on things from AV but let's get the existing programme well underway first and producing meaningful profits before exploring / developing new mines...

It would materially boost the mkt's perception of us when we can report a move into positive eps territory and build on that with the SQM partnering at LR and beyond that, BW, to eventually add existing 'grist to the existing mill'.

After all, our sp has fallen a long way since the 8p days and a change in sentiment is well overdue, imv - sasa.

Agreed, Sekforde - getting listed stateside would substantially enhance HBR's mkt cap - one wonders why LC / the BoD don't seriously consider doing so, really ...

It would also be a blunt reminder to the Govt. that substantially over taxing our NS producers to extinction is absurdly self - harming but they just don't seem to realise that or don't care! - sasa.

A maiden divd announcement would be nice to give the sp a lift, too, bearing in mind the promising outlook envisaged - sasa.

The quicker Miliband leaves the Govt, pushed or shoved out the door, the better - his ignorance / incompetence exceeds just about all on the front bench as it's presently constituted.

As for fracking here, that's far from practicable in the UK really, given our heavily populated areas, unlike the US where there

are so many vast open spaces available not to be troubled by the occasional earthquake tremors arising from it - sasa.

Quite agree MadMat / NewK - the naivete of Trump's acolytes around him and fawning over the man, is quite breathtaking.

Not to be outdone, sadly, we have a similar bunch of inexperienced amateurs on our new government's front bench, too, fronted by the wrongheaded Ed Miliband, with little or no business nous amongst the lot of 'em - what a shambles they're creating without even realising it! - sasa.