Member Info for sasa43

Thanks for relaying this comprehensive review, 42trader - very informative and thus much appreciated - sasa.

Can you post the link on that 42trader? Would be interested in reading it - sasa.

The deeper you go, the warmer it gets...sasa

Hi NewK - well, 'fair do's' on the cash calc. earlier; it was difficult to gauge back then, given the falling gas price and not knowing precisely how much was 'hedged' at 35p per them, etc.,

You might well be right about Serica being possibly thwarted earlier on price grounds on a prospective deal but I'd prefer that than overpaying for something which might not have been the right move for them on value grounds - a good management decision in the event, imv - thoughts of 'Buy in haste but regret at leisure' spring to mind... The right one will come along soon enough.

Re: the divd in prospect, I base my forecast on their earning power (currently 22p ps) but it might be nearer 30p or more with the y/e results in March) so 5p ps share would be amply covered.
Anyway, an inaugural divd to hand is something nice to look forward to... sasa.

You were pretty much on the button with your earlier CoH forecast, NewK, so well done there...
With op. costs down to $13 per boe that's exceptional progress and with everything else going along nicely, one looks forward to the 2019 y/e figs. with confidence.

Moreover, it'll be interesting see what the Bod considers to be the 'sustainable' divd rate when that's announced - I reckon that 5p ps is still quite 'do-able' and we'll probably have an update on moving up to the main mkt then, too.

The only item outstanding is the next big deal - their reiteration that they 'won't overpay' for volume but concentrate on value enhancement is the hallmark of good management. That cautious approach probably explains the delay in finding the right deal for Serica but it will come about, despite the 'crowded' market place they're now seeing. Their determination is self - evident. All good stuff to date, imv with a lot more to come... sasa.

Thanks for relaying that Berenberg assessment, sensor, which I hadn't spotted - very useful.

Interesting that they didn't make reference to POLY's recent inclusion in the FTSE 100 Index, either, which I regard as significant, too - if the recent upsurge in the AU / AG mkts continues, this can only be another 'bullish' factor, to support their revised T/P imv - sasa.

Hi camdenlad - don't see why we couldn't have both, tbh...
Even a modest maiden divd wouldn't cost much, given SQZ's burgeoning cash build / high earnings cover and both events would enhance our appeal upon moving onto the main mkt, of course; all three possibilities are under 'active discussion' we're told - just need confirmation of where we are with them.

Shouldn't be that long now, so I ignore the drifting sp, myself - it's just boredom, pro tem, fostering impatience. The potential is what matters in my book... sasa.

Hi upomega - your frustration is understandable, especially if you've had a bad week in the mkts.

However, let not your emotions get in the way of sound judgement would be my suggestion - the value here is undeniable, the management record is sound and the potential for a much higher sp soon is there to be realised - just be patient if you can... sasa.

Agreed - this does look quite oversold now, especially prior to the next results coming up shortly - sasa.

Why would they do that, upomega? I mean, they already undertake a successful operator policy, driving down op. costs, partly through their own proven expertise in this area and also by obviating the burden of committee decision making (often involving regional lobbying) afflicting the big players' ability to get things done efficiently and in a timely manner - Serica has highlighted their advantage in this respect many times...

If, on the other hand, you're thinking more about better utilisation of their growing cash retention, their solution is to make further cost effective acquisitions when they become available which is what we're all waiting for now, as we know. Dividend distributions are already being considered and / or even a return of excess capital to shareholders might be another option; I'm sure the BoD has all these things under constant review.

For now, 'patience hath, etc.,' is all that's required, imv - sasa.

Hi gwm and a Happy New Year to you, too.
I like both of these miners; exhibiting good management and efficient mining ops with each paying a decent divd. I hold both and am not fazed about their location in Russia, fwiw...

HGM is presently the cheaper of the two, statisically and with the price having recently peaked around 250p, retreating to today's 200p odd level, an attractive buying level is now afforded, I'd say, ahead of their next results which should be good again. You obviously think the same.

The advantage POLY has is that it's now the only FTSE 100 miner in the index, so additional demand can be expected from the Instos and trackers, if the gold / silver surge is to continue; the shs have steadily risen in recent months reflecting this positive factor...

Haven't spotted any potential mining difficulties affecting HGM but I might have missed something? If I have, let me know. Meanwhile, happy with both of them, as I say. ATB - sasa.

The mkt's clearly waiting for FRES to be reporting that it really is getting on top of its problems of late, dimi - if the figs, due shortly, confirm that, then it'll participate more convincingly in the upswing in pms. The Au / Ag ratio is still very much in silver's favour...sasa.

Seems a good move to me, Tornado, especially after AU's strong showing this morning. Another 'plus' in Poly's favour is its recent promotion into the FTSE 100 index - the only gold miner in there at present, so good luck. My biggest 'goldie' position, fwiw - sasa.

Didn't this initial price weakness happen last time, too, e.g just prior to the BKR deal being RNS'd?
I seem to recall that it did, so you could be right, NewK - let's hope so - sasa.

Agree with that, MartyP - Sprott's backing adds credibility, too - sasa.

To one and all invested here - the mkt closes at 12.30pm today, just in case you think it's very quiet this afternoon...
From tomorrow, we'll be on our 60% share of the BKR revenues with much more to come and let's hope the gas price picks up in 2020, too, as NI astutely observes... sasa.

Hi Manuel, thanks and we do indeed 'live in hope' with this one as always...sasa.

Let's just wish us all a Happy and prosperous New Year with AMC coming good finally - life's too short, anyway - sasa.

I agree that a 'biggy' acquisition might well crimp the size of any initial dividend distribution, Mommur and that that needs to come first. A 'transformational' deal notwithstanding, there's ample cover on last years figs. and, hopefully, even more on this years Nos.

The outlook for 2020, in all respects, looks pretty exciting... sasa.

Roger that, re: ETFs Jep - I used those a few years ago, only to discover that one of 'em was partially option augmented, despite their literature that they were fully bullion backed at the time, so one needs to be careful here, as you obviously know...

As far as CEY is concerned (I think they're 50% Govt owned or were) they've let the side down too often in recent times for my liking and I sold my position a while ago now; although the Endeavour approach might lead to something, they're not as appealing as this one or POLY for me - just my take, fwiw, anyway... sasa.