Member Info for Softrock

I notice the stated dividend is 1.4% which is 0.2 p. With the pending payout being 0.1p it confirms what some have overlooked that there will be two payouts a year from now on. I expect the Divi this time next year will be increased too, keeping up with the increased share price we all expect.

Lol Steve! Great to see phase 3 drilling roll straight into phase 4 drilling. Didn't HA say the Saudi partners are pushing and are more concerned about Kefi keeping up the pace? So good to see a timetable emerging to progress to mining at Hawiah. Seems asfast as it can be to me.

That step was due by end March and has been met. So no sign of delay in my book. Terms are out, and funding announcement must be getting close. April is the month for papers to be lodged with Ethiopian govt. So max two weeks more for that to be met. Exciting!

Short paragraph in the RNS on TK funding reports progress.
Assembled 'the full funding consortium' shows the question about Ethiopian investors is settled now. That was e

It helps the chartists when there is some company transforming news about to drop. Document registration with the Ethiopian government in April is the next step I believe.

Harry said paperwork will be registered with the Ethiopian Government in April. Does a material change for the company only follow from that registration? What sort of Easter holiday do Ethiopians have? So perhaps up to 29 days to go ...??

No news is good news ...

Centamin have a board meeting tomorrow.
Just sayin..
(But perhaps they aren't the company putting £10m in)

Sotolo, there is a specific statement on West African assets in the CEO remarks. They started a strategic review in the new year, and MH looks forward to giving the outcomes in the next quarter.
I feel shareholders should be pleased that the new management have turned their spotlight in this direction. This timing is fine by me as they had to sort out a lot at Sukari first. The positive impact of new management runs all through todays reports.
I hope others here raising concern about W Africa take note of this statement in the report. ATB

RNS dropped while I was buying. Should have wondered why the quote was 12.75. Still glad to know who was selling and that they have (probably) stopped.
While director sales add to the adrenalin of buying now, they gave a reason I'm happy with. Still seems a great time to accumulate. And pog seems to be strengthening again.

Just a detail. In the latest presentation the CEO remarks were more like 18 months from now to complete the plant. Wouldn't want anyone to underestimate the patience required. It's a great opportunity imo.

Appreciate people sharing their views for 42t. It's given me some to look into too.
I have:
Producers/explorers: SHG still building a position (ticks all my boxes); CEY (less exciting but divis to keep the wife happy)
About to build a mine: KEFI and CNR ( the unfolding stories)
Explorer IRR (some interesting gold projects at different early stages)

It's that sort of market right now.
CNR - we've a shiny new mill to show we are building a mine ... not bovvered.
SHG - our main mine has plenty left yet, our next one is better than you thought, and West Kenya is a cracker ... not bovvered.
KEFI - we've got $200m arriving any day to build a gold mine WITH NO DILUTION (and some copper elsewhere) ... not bovvered
IRR - we've a shedload of Lithium and looking at options to build a mine ... not bovvered.
HZM, BCN we're about to build a humongous mine ... not bovvered
PRE we're about to build something in Hull .. well there is an exception to prove every rule!

"We are now evaluating options to fast track the project to production."
I like the sound of that.

Great news.
It clears the way for company decisions on both investments and future dividends to be made without accounting distortions.
Several strategic investments are already outlined, with development of additional mine(s) key.
I suspect the pace on these mines to pick up over the year.
And the bank interest rate for the new loans speaks volumes about the company prospects.

Only one problem with excitement about Blanca. In the last RNS it is not mentioned as one of the three satellite deposits to be drill tested in the next few months.
OTOH, there is upside from those satellites, and from the redesigned, smaller initial block cave with a new access cut.

TornadoTony appreciate the well thought out reply and food for though. As Sotolo says, your figures for share range imply fair value midpoint at 113p.
Given the uncertainties in the company meeting future expectations for Sukari, I can see that argument.
Anyway, we all agree that CEY at current levels is a strong hold against general economic backdrop. And we agree it has significant upside potential on several fronts (sorting out Sukari; new Egyptian exploration; sort out W Africa exploration; gold price rise). Then there is the intangible of the change in CEO who is leading the changes compared to 2019. His last presentation impressed me and his career to date is good. You could argue he is worth 10p a share compared to 2019.
GLA

CD, I value reading your posts over several boards.
But CEY overvalued at this price? Could you give some figures to back that up? If the last company presentation for Sukari plays out then the divi alone is c7% at this share price. That's a reasonable return to ride out any downs, and with growth potential as well, don't you think it's a solid investment? Aberdeen Standard clearly think so.
Ok it might not have the growth potential of some mining stocks , but most would say it doesn't have the downside risks either.
That's not to say it can't go below 100 on sentiment, fashion etc. sometime soon. I agree with you it could do so. Just makes it more undervalued IMO.

Interesting comparisons. What is the comparison for Capex to get to a complete chain? And how many as shares will be issued as part of the Capex?
Then there is the execution risk with Pensana at earlier stage with each project.
I'm sure there is plenty of upside for the share price as the news flows, but it interested to see others expectations.

Wish I could always buy on the dips!
Buying SHG close to the last placement price, and with all the good news since then, and more to come soon. Seems buyers now should do well. Anyway I've put some money where my mouth is today and added. Look forward to news of a divi and west Kenya.