Member Info for TigerByTheTail

The Daily Mail story is full of exaggerations - the Oxford vaccine still needs to be proven clinically. Results can be expected next month.
A fairer reporting would be, "NHS is making plans to mass vaccinate vulnerable groups starting December, IF (and it's a big if) the Oxford vaccine passes its clinical trials."
All in all, the therapeutic treatment of Covid has vastly improved, and a useable vaccine is getting closer. But we are not there yet. And I'm not surprised shares have not moved on today's DM "scoop".
When the good news does finally come, of course Saga will be one of the biggest beneficiaries.

Fellow South African PGM (and chrome) producer Tharisa (and in fact neighbour of SLP) have just released an excellent quarterly production update this morning.
This is their market update for PGMs - NOTE, they report on a 6E PGM basis, not a 4E basis like SLP.
"Market update
Record PGM prices coupled with the Company's agility to sell its chrome inventory ensured maximum revenue generation for the quarter.
The PGM market saw record prices for some of the group elements. The overall basket price received by Tharisa reached record highs, notably on the back of palladium and rhodium price increases for the quarter under review. The average basket price for the quarter was US$1 951/oz and for the year US$1 704/oz. A weaker exchange rates caused by COVID-19 and global macro forces, saw the PGM basket price rally to ZAR32 978/oz for the quarter and ZAR27 691/oz for the year.
As previously reported, the force majeure imposed by the PGM offtakers was lifted and normal inventory cycles have resumed."

Libero, you should know opinions vary on Resolute!
Yes, it's cheap. But it's cheap for a good reason, which is that the management are frankly terrible and the company is a mess. If you are tempted, read the Hot Copper bulletin board in Oz on this share before proceeding.

Hi Ragnar!
I think you're being a bit gloomy about the size of the Chinese chrome stockpiles. If they are 3.6Mt now, that only represents the annual production of roughly 3 mines the size of Tharisa (which is not a big mine).
I know this is rough and ready, but think of all the chrome production which has been shut down this year by Samancor, Glencore and others. It's a whole lot more than that. Give it six months and I think the chrome market will look very different.

If true, this would represent a serious escalation of the conflict, taking it outside of Nagornon-Karabakh and the Occupied Territories.
https://intellinews.com/index.php/azerbaijan-accuses-armenia-of-attempted-cluster-rocket-attack-on-oil-and-gas-pipelines-193645/?source=armenia
There is also a good Guardian article looking at war in general, with important quotes from Putin.

Hi Juxtapose!
I'd still criticise the writing of the RNSs.
These are excellent drill results, but other mining companies would explain them better to their investors. I'm not talking hyping them up, just adding better context.
That said, that's a minor quibble. There is a substantial rerate coming for this share at some point. I'm just not sure what will be the trigger to set it off. Sustainable finally stopping selling down, maybe?

Agree. Excellent results - better than I expected on all parameters.
If you asked me to name the share I considered most likely to double in price over the next year (without being some ultra-risky penny stock) Tharisa would be it.

Yamana Gold have come out with a couple of (predictably rampy) RNSs this morning ahead of their listing on LSE on 13th October. (Their ticker will be LSE:AUY).
It's not a company I know a great deal about. Does anybody have any opinions to offer on it?

The stand-outs for me are the drill results from Sanioumale SW. Grade is king, and these are excellent grades, decent intervals, and most starting from relatively shallow depth. They should add up to a decent amount of easy money for Hummingbird:
The SW open pit deposit, located 16 kilometres north of the process plant (see map below for details), drilling campaign is also complete with over 13,000 m drilled as part of the infill and resource expansion programme for the deposit
o The results have been positive in confirming improved confidence in the mineral resource grade, overall geology and further extending the known depths of mineralisation below the current shallow pit design
o Notable ongoing drilling results from SW include:
§ 15 m at 18.25 g/t from 16 m depth (SNWRC0433)
§ 7 m at 9.75 g/t from 68 m depth (SNWRC0393)
§ 21 m at 3.16 g/t from 24 m depth (SNWRC0396)
§ 8 m at 7.04 g/t from 23 m depth (SNWRC0364)
§ 4 m at 13.24 g/t from 25 m depth (SNWRC0342)
§ 29 m at 1.77 g/t from 27 m depth (SNWRC0350)

Hi Elgor!
Thanks for posting that link - that is very good news about the lifting of the sanctions. Stability restored in Mali - in fact, in many ways the situation is better now than before the coup.
I just added off the back of it. 37p seems very cheap!

Hi Mr Bond,
I'd put it more like one is criminally insane, and the other guy is a bit bland but fundamentally decent. Given the choice, I'll go with bland and decent - with great enthusiasm.
In other news the angry orange one in the White House has just called off stimulus talks, so gold and stocks are down.

Hi Physical!
Look at Cine's debts. They are massive.
IMO, this story ends in a debt-for-equity swap, which will massively dilute / wipeout current shareholders.

Ex-divi date for 2.5p dividend is 31/10.
(With a possible special "metal price" dividend to come in the New Year.)
IMO, we're all a bit spoilt here. A standard dividend yield of 4% is "****ty". This is a well-run, highly profitable, debt free, cash-rich company trading at a ridiculously low p/e. Maybe we should appreciate our luck a bit more?

As of October 1st, from Metal Bulletin:
"Most prices in global chrome markets were stable in September, although with a slight upward bias. Improved demand for chrome materials from stainless steelmakers is driving some small price increases, however, further upward moves will be limited. End-use demand for stainless steel remains much below year-ago levels, and while in contrast to some other alloy markets, stocks of most chrome materials and stainless steel are still elevated. Fourth-quarter charge chrome contract prices in Europe have recently been rolled over once more."

Hi Sotolo!
Ditto.

Then do us all a favour, and leave this board in peace.
Sotolo isn't scaremongering. He (like the rest of us) is trying to work out what is now a "fair" price for this share, given the changed circumstances of Friday's profit warning. It's not an easy thing to do.

www.usnews.com/news/world/articles/2020-10-03/us-welcomes-transitional-government-in-mali

Hi Thunder!
You're new here on this board, which explains (but does not justify) your post.
We are used to talking openly here, which is why this is one of the bast boards on LSE. And it is beyond naive to think that anything we write on here will affect the share price of a FTSE250 company.
Personally, I find YOUR post nasty and vindictive.

Hi RazorsEdge!
I'd follow you and buy Centamin at this price - if I were just stock picking and not thinking of the general market as well. Yes, Centamin is a one mine operation, so it is always vulnerable to news like today's. But, in my opinion, its many virtues as a company outweigh this concern in the long term.
That said, I'm not buying or holding any shares at all for a few days. We have: a US stock market wildly over valued by historic measures, no further fiscal stimulus, limited monetary support from the Fed, a weak economy with sky-high unemployment (far higher than the "official" US figures), Trump sick with coronavirus, and the possibility of the bitter Presidential election being contested in the courts.
I'm not saying we are looking at a stock market crash like in March again. But there has got to be a fair chance that a crash happens over the next couple of weeks. And that chance is enough to keep me in the safety of cash.

I'm sorry for this morning's profit warning. (Not currently invested here, of in pretty much anything at all).
It is far better communicated than the warnings of the Pardey era, so hopefully the market will be not too unkind today.
Gold itself has spiked on the news of Trump testing positive. But it should also be noted that it looks like the talks over the US stimulus package have collapsed, and there won't be any action taken before the election. I'm sure that the stock markets won't like this, and I'm not sure that the gold market won't like it either in due course.