Member Info for sasa43

With you on that, gotabeserius, except that your daily income figure should be $110k per day, obvious typo ($3m+ per month it is) reckon we have some $36m in the bank right now - sasa.

Don't know what all the fuss is about, really - the gold 'bulls' have been saying this and more (I've seen $10k per oz or more predicted before now) for ages; seems to be based upon stopping the FED from issuing their perennial shorts against it, either by legal means or those option buyers demanding physical delivery to make it very costly for them to keep doing it. Also cited, is the steady decline of the greenback's buying power since Nixon cancelled the fixed $35 per oz exchange rate back in '71 and extrapolating the rate of decline going forward / upward price adjustment in a 'free' mkt environment. Anyway, FRES's 2nd qtr production report out today shows they're on target once more to meet their objectives ahead of their interims being announced on the 1st August. Hopefully, a nice divi increase will be announced, too - sasa.

So we'll soon know whether the flop, post the IPO, is warranted or not. Hopefully, todays uptick in the sp (after a protracted soggy showing) is indicative of them getting back on track - sasa.

Peak, the Int. divd of 2.2p (+10%) is xd on the 8th June and payable on 30th June - sasa.

A decent overview of this, goldust, with the steady price recovery of late signalling that their earlier 'faux pas' on the trading front, is now behind them. If so, VANL is certainly cheap if the next figs suggest they're on the mend now. I'm not a trader nor a punter myself; just a value investor but I dislike trading 'adjustments' so soon after coming to the mkt like we saw a few months ago and I exited, just in case something more sinister might be afoot. With the sp now a tad under the IPO offering, post the setback, I've just gone back in again at 98.5p, hoping the event was no more than a 'one off'. Fingers crossed, etc., - sasa.

Hi Quoth - in hindsight, we all know that the best time to start / add to a position is when the 'spotlight' is elsewhere, as it is now. The Gold / Silver ratio I mentioned earlier is often a useful marker at least in terms of determining silver's cheapness relative to the gold price. Anything over 50 is deemed to be in silver's favour and the higher the better ahead of any resurgent demand; 80 odd is the highest I've seen it in recent times, hence my being poised at this juncture. Good luck, anyway - sasa.

Intriguing question that, Quoth - am in two minds on it myself. The Gold / Silver ratio is currently standing at 75 (suggesting AG is cheap v AU right now) and FRES is still considered more of a silver play rather than a 50 / 50 exposure to both pms as it is these days. Anything under 1400p is probably good value after their last scintillating figs but sentiment is everything in this mkt, as you know; am poised to add, myself, given all the uncertainties around today. Just my take at present, fwiw - sasa.

Hi doan - I look in on here occasionally and see your plea for views three months ago hasn't yet been answered... Suggest you seriously consider the posts by Laughton & CarpeDiem on the 6th Jan which are as near an objective an assessment as you're likely to see and with which I fully concur. Some time last year (can't quite remember when) I posted a negative critique on here when the sp was approx twice what it is now; not to crow about it now but just to say I also highlighted the same weaknesses they've referred to plus one more - there's always a serious lack of liquidity when trading in stamps, UNLESS inflation is rampant. I've been a philatelist for over forty years and I can assure you that SG. catalogue prices are always 50%+ over current mkt values and thus the selling value of their stocks, if realistically priced, will inevitably be well below what they state. On the plus side, their name is iconic in the stamp world, of course but how much would an offeror pay for such a tarnished goodwill item now, assuming it survives after all this, if it was minded to? There are much better / safer punts than this around, imv, as I ventured before - hope that helps, anyway - sasa.

Yep, well cheap after todays figs, with a current multiple of under 8 and yield of 6%, thus just added to my position this afternoon; if it languishes a bit more, I'll likely repeat the exercise.....sasa.

Agree with that, ANDYALY - the steady rise in recent weeks suggests as much, i.e anticipation of a stronger outcome than the IPO forecasts, rather than an 'in line' confirmation which is what we got this morning. Saved by the unexpected initial divd announcement, I suspect (often a good sign, of course, looking ahead) so a steady sp recovery seems likely from here. Happy to hold / looking forward to that getting underway - sasa.

Agree, rivaldo - very good figs with the divd in line with the IPO forecast and another strong year in prospect. The uprated T/P's seem attainable to me, given the low multiple currently and prospective yield to add to the appeal. All good stuff - sasa.

buyhOld - the details are in the RNS just out - XD 26th Jan, pay 28th Feb - sasa.

Wednesday, I believe, which should be good / include the dividend hike, as per the IPO forecast. I expect the sp to benefit from such confirmations and move towards the recent broker forecasts, assuming the outlook remains positive, which it should be and which'll be nice for us investors after a somewhat dull patch of late - sasa.

Hi Geela - nice to hear from you; hope all is well with you and the family. Yes, I've only recently started posting the odd comment on AMC over here, after some well informed posters (TDT, RedL, Vertigo and the like) made their useful contributions to the debate, although the last two, unfortunately, have parted company with it of late to better employ funds elsewhere, pro tem. Tharisa's mkt cap is £265m at todays price of 100p. Shares mag tipped it a month ago at 77.5p, so it's been well supported since (peaked around 110p, I think) and they liked it because of the divd paying potential, too. THS's divd policy is to pay out 10% of after tax profit which should equate to 0.8c ps for the current year but on a two year view (given the huge rise in profits forecast in 2017/18) this ratio could well double to 20% to facilitate 6c ps (according to Peel Hunt) to make for a 4.25% yield by then. THS is thought to be acquisition conscious at the mo, so that might be a factor to bear in mind here? Much will depend on commodity prices, of course but against that, their large open cast mine has a 'very low' AISC which isn't specifically mentioned in the article but is described as 'well below the industry average'. On Peel Hunt's forecasts (according to Shs mag) the prospective multiple for 2017 is 4.6 and for 2018 it's a bit lower around 4 x. Given the fairly tight mkt in the shs, I've only recently bought a modest holding / part position initially and await the figs for the Sept y/e to be announced in December, with interest, to see whether increasing it is warranted. Just thought I'd draw peep's attention to it beforehand with so little going on right now and in case it really moves subsequently - I know you'll sensibly DYOR and all that, as much as you can - sasa.

in their last printed copy of the magazine (29th Sept issue) if you like an attractive punt? Well worth a read, or on line now, if you can find it. Peel Hunt forecasts a three fold increase in profits to $33m odd this year and another tripling to some $98m in 2017, offering a potential 36% free cash flow yield thereafter. Anything close to such achievements renders Tharisa really cheap around todays 100p level - sasa.

Might presage something being afoot? Been in HGM for quite a while now and was impressed by the recent announcement of FEDF support for their expansion plans, along with their good figs and healthy divd hike. Abramovich holds a hefty chunk of the equity here, as most will / should know.......sasa.

Agreed, rivaldo, - bought some more last week on the mini - pull back which seemed a good opportunity... Considerable upside afforded here, given the promising outlook, low multiple / prospective yield, etc., and the shs should offer greater resilience than most in the present climate, too, I'd say - sasa.

on this and PAF, post the Proactive interview on the 22nd Sept is encouraging, too. They like both, especially SHG ('deep value play') and reckon that 21p is where this should be and I agree! - sasa.

Echo your comments on this one, Daisan - the hedging was driven by a 'needs must' requirement insisted upon by the lenders but now with increasing cash generation this drag will reduce. Excellent news on the drilling front today; impressive on both major resource boost and grade increase - sp should comfortably justify twice this price and then some, if AU enjoys its usual autumn upturn, imv - sasa.

with an impressive increase in the divd - if the AU / AG mkts continue to strengthen as seems likely, these could hit £30 ps before they see £10ps again, I shouldn't wonder; hope springs....sasa.