Member Info for TigerByTheTail

Hi! I'm not saying that some people won't make money on Pensana. Some will. It's all about timing.
But I know the end point of any story involving Paul Atherley. And it doesn't involve Pensana shareholders getting rich. The level of deceit during his time at BKY was extraordinary; I'm surprised that he wasn't investigated.
FWIW, HOC actually have a far more serious rare earths project in the works.

Last year it was September 2nd...

Hi Doze!
I think it's obvious that Centamin is an appealing target for a takeover. As gold miners go, Centmain's the prettiest girl in the room - no debt, lots of cash, Tier 1 asset with huge reserves, and with a first mover advantage in resource rich underexplored Egypt.
But it does take two to tango. And maybe the girl doesn't want to dance with just any old guy?

Judging by previous years, results should be along at the end of August / beginning of September. SLP are pretty quick, considering their financial year only ended on June 30th.
You can work out the meat of the results by adding together the interims and Q3 and Q4 results. The financials should be awesome, notwithstanding the lost production from the lockdown.

Hi Tornadotony!
Off-topic, but a word of friendly warning abut Pensana.
Or more particularly about CEO Paul Atherley, formerly CEO of Berkeley Energia (BKY). Without going into detail, let's just say he's a fine example of a certain kind of pump and dump AIM boss. Pensana for me is a bargepole stock. And then some.

Hi MrBoongboong!
Yes, I believe that anybody who was holding the stock at close of play yesterday will get the dividend, and that you can sell now (if you want) and you will still get the dividend payment. I assume going ex-dividend is part of the reason the stock is trading lower today.
The next big date in my Centamin calendar is 15/9, when the results of the Egyptian exploration licence round should be announced. If Centamin get their chosen ground (and why not, considering their first mover advantage in Egypt), that could really boost the share price.
Finally, my congratulations to Sotolo on tying the knot!

No, it means there will quite probably be regime change in Mali, and as many of the opposition are resource nationalists, possibly major tax changes.
But I'm a fool for replying to a discredited idiot like you. Shall we talk about how much you were paid by Hummingbird to ramp this share in the past?

Chrome prices are still terrible (about $133 per tonne for UG42 concentrate recently), so I'm really not sure of the wisdom of this investment. Essentially, the whole South African chrome industry is loss-making right now. I suppose you could argue that the PGM content of the chrome makes the deal worthwhile, but who knows what that is as there are no figures in the RNS. It could be very low.
As usual with a JLP RNS, this throws up more questions than answers.

So, no wonder NM wouldn't confirm drilling was already in progress. Regional exploration program only just beginning now, and at a small scale. Should get the results of one hole (at most two) from La Hueca before the October deadline.
As always, the geologists will be lucky to hit the jackpot first time around, so the likelihood is that this is too little too late..

https://www.aljazeera.com/news/2020/08/mali-police-tear-gas-disperse-anti-gov-protesters-200812135412022.html
Demos still going on in Bamako, no sign of resolution yet. Not clear what, if anything, this means for a gold miner like Hummingbird.

Hmmm, that would be research (hyphen) tree dot com

https://*********************

The updated Liberum research note is on Research Tree, which has a free trial period sign up at the moment...

Solaris's find does confirm that there are other sizeable copper-hosting porphyry deposits to be discovered in Ecuador, which is a hopeful indicator for Solgold's exploration programme.
As for Solaris's find, the interval is very long, but 0.8% copper (and almost no gold) could be better. Still, it's definitely one to watch.

From the new, updated Liberum broker note:
"Capable of paying a bumper dividend with cash balances of $55.9m and no large capital expenditures planned, the company is very well placed to pay a much higher dividend this year. We are currently assuming a dividend of 5.8 cents per share, equivalent to a 25% payout ratio, 9.1% dividend yield and over 5 times higher than the dividend paid out last year. Clearly, with the uncertain operational outlook caused by COVID, we wouldn’t be surprised if management consider it prudent to pay a smaller dividend for the time being and further extend its share buyback program. We believe that Sylvania’s outlook remains very good for the medium term and that further dividend increases will be easy payable in the years ahead."
Assuming that the dividend is indeed 5.8 cents (@4.5p), I'd expect the yield to normalise at 5%, dragging the share price up to around 90p. (90p is also a P/E in the region of 5, and I think the minimum fair value for this debt-free cash-rich highly profitable company.) Not too shabby.

https://www.kitco.com/news/2020-08-11/Solaris-surges-on-drill-hole-discovered-by-legendary-mine-finder.html

https://www.aljazeera.com/news/2020/08/anti-gov-protests-resume-mali-weeks-long-pause-200811163841598.html

Hi Sotolo!
Yes, I'm out (of Centamin and all other precious metal miners) more or less unscathed - which is lucky considering that the POG is still falling as I type. I didn't make all the money that I could have done over the last few weeks, but I ended up with a profit, and that's never bad.
I'm not sure that today isn't the start of a wider market correction. I'll be watching from the sidelines for a few days; I think that's the safest place right now.

Gold price drop now becoming quite dramatic - at $1958 and 3.5% down on the day. That's a big move.
I know this might not feel like it, but the Centamin share price is holding up quite well considering the size of the drop.

All precious metals now being dragged down by the rout in gold.
Platinum back to $930, and palladium below $2,000.