Member Info for the_shareminator

Could not buy for 10 minutes. Offered 21p now. As someone said below, drop engineered to shake out the nervous. Read the latest presentations again and feel confident here. Largest Vanadium Resource in the world, high grade, among the lowest costs, ramping up production. Vanadium demand set to double in the medium term. Current market deficit isn't set to reverse anytime soon. Interesting graph detailing spikes in the vanadium price. Reported Russian stockpiles disappeared overnight many years ago, I wonder if we will hear something similar soon. Not the Russians, guess who...

https://www.vanadiumprice.com/vanadium-demand-expected-to-hit-56-billion-driving-new-north-american-mining-plays-2/

Going by what I've read elsewhere the market value of Vanadium continues to fall as a result of oversupply. I should clarify, it's short term oversupply as inventories have been steadily declining each year since 2010.

According to one article

Chinese ferro-vanadium export prices are weakening as pressure on the European ferro-vanadium price spills over. The export price for ferro-vanadium in China slumped last week after holding steady for three consecutive weeks.

23p per Bushveld share. If the vanadium price bottoms which market analysts are expecting then it won't be long before BMN recovers. Who would sell at this level?

Bought more. Not a buy signal. Just expecting a bounce before next quarterly update back to 7.5p+

https://masterinvestor.co.uk/equities/wincanton-a-logical-buy-for-value-and-yield/

https://masterinvestor.co.uk/equities/topps-tiles-a-market-leader-aiming-high/

ColonelDrake - cashflow will be better by the end of this current quarter. How else do you explain AISC dropping to $800-850/oz when balanced out for the year? There is a good chance this AISC figure will be revised higher to around the $900/oz level for the year but they will produce more gold this quarter at better margins. If you point me to why costs will be worse than company have forecast I am all ears.

Looks cheap to me with the 25p dividend cover but wary of anticipated slowdown which may worsen as BREXIT looms later this year. One to watch.

https://masterinvestor.co.uk/equities/morgan-sindall-has-it-all/

Take it easy Roydon, ride the loss with confidence knowing the share price will rebound. It may take some dollar weakness, some better looking operational results etc but this looks a great level to buy at. I'd expect the shares will trade above 600p again before the month is out.

Patience rewarded. Number of times we bounced off 69p and into the low 80s only to be knocked back again. With todays results revealed the market has caught on to what some of us have been saying for months. Well done to all the long term holders. I wouldn't be surprised to see further rises however I've taken a few off the table this morning to reinvest in a couple unloved gold producers.

ragnar - the 'constant' with this share has been the ever increasing cash pile, thanks to the strengthening basket price. These past few weeks have weakened sentiment but we are still looking at impressive margins come the next update. I don't believe SLP will achieve lower guidance of nearly 22koz and this is based on what was a poorer than expected update last time around. If the share price doesn't climb back to 33p+ I will be surprised though, as cash build up will grow substantially this quarter regardless of the total (20-22koz)

If you're right ragnar and they achieve the 22koz then all bets are off.

*correction, RMM are actually burning through about $12m per annum but the loss is shrinking each quarter.

maestro1 - indeed they reached their target and there was no mention of profitable production. If you check the financials from Q3, there's very little cost cutting that could have been done in the past quarter to make much difference. Cash costs would have been roughly the same. The marginal gross profit would have been higher and spread across group costs, reducing the loss but there's still a way to go.

If commodity prices improve then it's a different ballgame but like I pointed out yesterday, the price has been heading in the wrong direction for the past few months. It's looking fairer value today at 2.5p

"Daily production during the quarter averaged 1,266 dry tonnes per day"

"We have started work on our new tailings facility and intend to have it completed by Q4 2019, after which it will support production for 6 years. The tailings project includes some critical control components necessary to sustain milling rates in excess of 1,400 dry tonnes per day."

Come the end of the year the company should be able to sustain profitable production.

maestro1 - I've been reading the updates, RMM is on my watchlist for the very reasons you highlighted but i BELIEVE the company are still making quarterly losses. Therefore I am questioning 'topsharepicks' claim the company are "generating £10 million per annum"

Strider what do you think will happen after 3 years? They have an enormous resource that is not included in any of the LoM calculations/ forecasts but will almost certainly be proven up with further drilling. This is before any of the recent targets identified from the airborne survey. I agree a new mine in a different district will not spring up overnight but that is not the company's primary focus. Feeder pits and nearby deposits will provide near term production growth as the mine goes deeper, accessing higher grade ore. The other projects which are 2-3 years out are secondary and won't hamstring the company's growth trajectory in the coming years. I think they will be producing 100koz (gold equivalent ounces) by 2021. It won't take much dollar nor time to get some of these nearby prospects proven up and supplying the existing mine. GLA

Where did you find the reference to £10m per annum?

The last reference we have is Q318 Financial results, $1.5m EBITDA loss and overall $3.8m operating loss based on 93,128 dmt of ore and 4,478 dmt of concentrate. Results today show a slight increase in production. Copper price has fallen to 3 month lows.

$11m placing last quarter suggests they are not operating profitably yet. Give it another 6 months and a higher copper price and they might be breaking even.

26.65 gift at this price but seems to be range bound at the moment. Load up and trade a few in the 30s next time it bounces. This isn't going much lower. Possibly another penny less.

I agree Tornadotony and we may well hear something to that end later this month when the FY results are released.

The only thing I am unsure of is whether production targets can be maintained. The recent weakness is typical of nervous holders expecting the worse.

RMM released an update today and it was very well received, at one point the stock was valued higher than HUM! I think they are throwing off about $8-10m cash per annum but have been raising a lot of cash through placings. HUM need to demonstrate they can reduce net debt at a much faster pace this quarter ahead of the wet season and fingers crossed there are no major issues in the following quarter.

£50m market value now.
at a lot of junior stocks are going down with little volume selling. The big institutions know that small gold miners can go back up 100% in a month with big moves on the gold price.

TBTT - $770 AISC looks achievable from what we have seen. They were less than $800/oz a year ago and throughput will increase in Q4 and beyond. Grades are expected to rise. CAPEX is falling from Q3. Let's see if there are any excuses for poor operational performance in the next quarterly update.