Member Info for sasa43

I think that's about right, Tiger - I'd expect nearer to the 10% hike in this climate; it's not the most liquid stock after all and they'll probably need to expand the mkt size in consequence - sasa.

Me, too, Bob on the valuation front and tenure here, although I've never traded it throughout my 10 yrs - in for the end game, for sure - sasa.

Just had a look at this and have to agree, Marty - I like the existing infrastructure to hand, too (all too often getting the stuff processed and to mkt costs as much as building the mine - not so here) so I've bought an initial position and will likely add to it shortly, fwiw - sasa.

Yep, Tiger, ' tis looking good for POLY to gain promotion to the premier index.

Given the present demand for gold currently, there should be increased interest in it to accompany FRES in there, quite apart from the Index funds needing to maintain their exposure to each constituent of the FTSE 100 - sasa.

Yes, flex, a maiden divd was mooted last time as a possibility in 2020. Payments are derived from earnings, i.e that which is distributable after all deductions but a fair bit of that sum is usually retained for ongoing opex requirements in running the business; that conservative balance providing comfortable cover for the payment.

Last time the eps figure was around 22p ps and it should be usefully higher next year but with the Co. actively looking for another meaningful acquisition, they might well decide to conserve their cash resources to defray that cost.

If another transformational deal is announced soon, the combined forecast figs. after determining the costs involved / how the deal is structured etc., will dramatically change things once more, so we're in the dark currently as to what the eps figure for next year might be. Also, oil & gas prices will set the backdrop then, too, so it's difficult to specifically answer your question at the mo.

That the BoD has mentioned the possibility at all, is clearly a positive, though, since many fast growing cos tend to put that notion on the 'back burner' anyway - if no deal is arranged by next year, I'd anticipate any inaugural divd announcement to be pretty conservative, still ahead of the anticipated acquisition but on the existing EBKR set up, I'd guess the eps could come in around the 30p - 35p level or so.

A maiden divd might involve, say, 10% of that for the above reasons, which would afford an initial yield of some 2.5% around today's sp of 114p which is absurdly low, imv - anyway, hope that helps but always DYOR, of course - sasa.

Echo that, Crazyt - nobody puts in £163k for no good reason (he could have requested solely an options package as his incentive, after all but nothing beats ownership) and his appointment materially strengthens the 'deal team', of course, given his background - so can only be a positive development, imv - sasa.

M&S is in danger of relegation from the premier index with POLY rumoured to be the possible replacement - the calc date is 3rd September. If confirmed, a decent further boost to the sp will be seen; will be nice to be the 2nd pm stock in there if we get in - sasa.

Hi RELLIM - yes, assuming the OFAC licence is renewed for Rhum, the re-entry decision should be fairly close, too and if it's successful, the 60% of the reservoir we can't yet get at will be coming on stream next year.

Also, Columbus is scheduled to start producing in 2020 and from Jan 1st, of course, we'll be on a 60% share of the BKR production / revenues as well, so next year should be quite something!

Have a great bank holiday, too; the weather forecast looks pretty good.... sasa.

True, NewK but I don't see the Rhum3 licence renewal being a problem either, as you posted previously, given that Serica has rigidly complied with the stipulations of its issuance and will surely continue doing so. We should have the confirmation to hand, either way, shortly.

Meanwhile, the Q2 figs. will be out next month and these should be impressive once more in maintaining momentum / earnings progression. An update on their further acquisition plans is eagerly awaited, too, so the recent pull back in the sp looks likely to be behind us now - sasa.

Hi MadMat - just to add to Noloss's comment, IG Copper sold its interest in Malmyzh to the Russian Copper Co a while ago, as pointed out to me recently by a respected poster on here.

He went on to suggest that, maybe, Thomas Bowens (now on the Board of our company) could, possibly, be thinking of facilitating a J/V interest with the new owners, RCC - who knows?

He's well respected with good connections, too, apparently. Seems logical conjecture to me.

RCC have no Nickel as far as I know (just copper and gold) whereas we have a good deal of the prime stuff, along with copper, of course and the valuable peripherals, too. Interesting? - sasa.

Something positive happening soon, I guess, aimto - they don't want to be taking any chances now, given the rising demand for Nickel with this only held back by the Riverfort overhang and the exhaustion of the LTHs not being willing to add any more to it, for now, anyway - sasa.

from 755p to 855p which is encouraging, given the steady rise of the sp of late - sasa.

Or could be renewed interest building ahead of next month's RNS with the 2nd Qtr outcome - sasa.

Hi Laallee - nice to see you on here and hope all's well with you and yours.

Was just looking in to see how things were going with this and saw your post; my prime interest these days is Serica (SQZ) so that's where you'll generally find me, if you want to say 'hello' - sasa.

Dunno what he's on about, either, D220...zzzz - sasa.

The yield is historic, Time2Buy - it's uncovered today, so expect a hefty dividend cut (50% would be my guess) next time.

Once that is confirmed, the sp will likely have 'bottomed', although the bribery allegations re: Sudan since my last post a few weeks ago suggesting a lower re-entry point was more appealing back then, doesn't help matters - sasa.

Always thought Norilsk would likely be the most interested party in AMC at some point, Julian, given their intention to withdraw from most of their overseas projects to concentrate on domestic developments they declared a couple of years ago.

Since then, we've largely met their appeal criteria and now with the Ni price moving steadily higher, let's hope that 'appropriate time' you mention is increasingly relevant - sasa.

Yep, can only agree, NewK - especially bearing in mind the currency gain on conversion to £ sterling, as you say - last time, the exchange rate was around the $1.35 mark, I think, so a decent 10% gain or so here, too, can only benefit the numbers to be reported.

The mkt's present anxiety at the macro level primarily (BOT shenanigans aside) is the only constraint on the sp right now that I can think of, vis a vis today's 103p level but the upcoming figs / RNS on the outlook, should reassure peeps and remind them how cheap this is - sasa.

You're as much use to this BB as an ashtray on a motor bike - sasa.

should be encouraging once again with the lower gas price since last time (partly hedged at 35p helping) being offset by higher production and lower op. costs since then.

The renewal of the OFAC licence to use US equipment in respect of Rhum3 should be forthcoming, since it was granted last year upon SQZ's commitment to keep Iran out of things entirely, despite their 50% ownership of it (no management involvement nor cash receipts paid to them with that being held in escrow while sanctions remain in force) and nothing's changed in that regard.

Ergo, with the US Authorities being happy to issue the permit last October on these conditions which Serica has strictly adhered to, why would they not extend it?

There's likely to be an update on their acquisition programme, too, so the sp should be heading North again shortly; in the mean time, with SQZ currently selling on a p/e of 3 x or so, the overt value on offer is self - evident to me ... sasa.