wheresmymoney
22 Apr 2015
Re: share price This is also my view and I topped up yesterdayGoing to keep an eye on the price and continue topping up as I see 60p easily realisable again
The Earl of Acol
22 Apr 2015
share price Good to see a director agreed with me and topped up yesterday. I doubled my holding which will enable earlier profits once the market recognises this is oversold. I originally sold out on the offer at 30p some time ago. Realised my long term mistake and purchased again about a year ago. At some stage this will turn significantly to at least £1 and for the long term there is a clear statement from management to pay dividends. The shares in free float are limited in number so any sustained PI interest can and will have a significant effect on the share price.I feel the current share price level is close if not at the bottom of this cycle.
nomnom
05 Apr 2015
Re: Article on corruption in Sierra Leone News about corrupt government[link]
Donatron
24 Mar 2015
Article on corruption in Sierra Leone I for one didn't realise our CEO John Sisay is cousin of the current president and is intending to stand for election in 2017-2018![link]
silver doller
22 Mar 2015
Re: Movement This looks to have finaly reached the bottom and after some consolidation should thesp should start to rise. imh
donkey derby
21 Mar 2015
Re: Movement donatron - thank you for posting the Guardian article which I had not seen prior to your post.Sisay runs an orderly business wit the help of Pala and it was good to see his reference to agriculture about which he was silent in his Indaba presentation.
Donatron
20 Mar 2015
Movement Big volume yesterday - our largest since 22 September 2014. Slight upward movement in the price from the buys, but also one big (250k) sale.The 20 day moving average is converging with the 50 day, so that's an encouraging signal (if you believe in TA). Hopefully this is a period of consolidation before another upward swing.Sure you all saw the recent articles featuring John Sisay and SRX recently:[link] await confirmation from the results, but I think the rutile price is largely shielded from the falls in other commodities. So hard to obtain an accurate current price though!
Donatron
17 Feb 2015
Re: Rutile Price Trends Sorry, yeah I wasn't saying that they hadn't mentioned dividends, just that I was surprised that they had given the amount of capex they have planned for the next few years. Normally I would be anti-dividends, but with the new ISA rules on AIM shares I don't really mind either way, as will just be reinvesting tax free.Kenmare is currently loss-making if its recent RNS is anything to go by. The fact they are valued £4m higher than us is therefore a bit of a joke. Not complaining though, I would like to keep topping up at these levels over the next few months.
donkey derby
16 Feb 2015
Re: Rutile Price Trends Well, the very last line of the Indaba presentation refers to a sustainable dividend policy.Do not forget that in November 2013 there was an approach by a predator but terms (satisfactory to SRX and its major shareholders) could not be agreed.Being cynical the board of directors have a good policy for themselves in the form of options. Time for institutional and private shareholders to be rewarded for putting their OWN money behind the company and for that matter also the board.Interesting late trades reported after hours. Quite a lot of stock has been changing hands off market over the past 2-3 weeks. I wonder whether Castro has added. The Kenmare share price is undergoing a limited recovery. With its debt pile far higher than that of SRX I am surprised that SRX has not rerated with Ebola coming under control. Kenmare this evening is capitalised higher than SRX. I do not think that is justified; rather SRX should be rated higher than Kenmare.There does however seem to be a lot of stock on offer but having said that on Friday on a dummy run one could buy or sell 50,000 shares electronically. One could not do that a few weeks ago.
Donatron
16 Feb 2015
Re: Rutile Price Trends The recent presentation says they are looking to drop cash operating costs (before depreciation) to $595-615 in 2015 (from $646 in 2014). So in essence, they are going to be selling more of a product, at higher prices and on a lower cost base per tonne.Even assuming a contract price of 1,050 and the higher end of their cost estimate, that's still $435 per tonne profit. Multiply by 120k and that's $52.2m cash profit, which finances a big chunk of Gangama. Being very naughty and using cash profits and accounting profits interchangeably, that's about $0.10 EPS. I think that's on the conservative end of the scale, the margin could easily be $70 per tonne higher.Once they have that feeding into existing production, the costs per tonne will drop further still and we will be generating a massive free cash flow.I am slightly surprised they mentioned dividends, given the plans to get both Gangama and Sembehun up and running by 2019, but I guess that is part of their plan to transition away from the perception of being a junior miner. Presumably that means they will finance a big chunk of future expansion through debt or equity, rather than through retained cash.
donkey derby
16 Feb 2015
Re: Rutile Price Trends Taking $1,100 per tonne if they contract that then at H2 average $855 difference is $245 pt X 120,000 tons = $29.4 million difference or £19.6 million.Time to look after shareholders in the form of a dividend.
Donatron
16 Feb 2015
Rutile Price Trends Hi, have just been having a look what the general price trends are predicted to be in the near term. Take these with a pinch of salt of course (they are only predictions), but they are from Consensus Economics, who are well respected.[link] I downloaded a free sample report here: [link] is slightly out of date (June 2014 is the most recent free version available, as I'm not really keen to stump up £495 a year for the subscription). In summary, the prices they have as their consensus (mean) price are as follows:Jun 2014 1005 (then spot price)Sep 2014 1065Dec 2014 1083Mar 2015 1178Jun 2015 1181Sep 2015 1228Dec 2015 1234Mar 2016 1272Jun 2016 1266Sep 2016 1256So basically, they are predicting a roughly 25-27% increase from June 2014 to 2016. Given how many of the costs are fixed, that will largely go straight to the bottom line.They also predict for Ilmenite and Zircon, which had increases of 11-12% and 10% respectively.For comparison, in the latest results (six months to June 2014) we had an average realised price of $855.
donkey derby
12 Feb 2015
Re: Presentation on the website for 11/2 FLU has caught enlightenment imo.Costs of transport and matters associated may have increased in the year to 31.12.14 as a result of Ebola but now that Ebola is being brought under control I see those stabilising. As has been noted elsewhere rutile prices are firming going forward.
Donatron
12 Feb 2015
Back in I used to be a holder back in 2009 when I picked up my 35k shares for only £2.5k... Sold out in 2010 just before the massive leap up (damn) and have been checking in over the past 4 years with a view to buying back in.Just bought 4,520 and planning to build a bigger position throughout the year. Seems as good a time as any - expansion plans sound good and hopefully rutile prices will continue to firm going forward.
DevonianDracula
11 Feb 2015
Re: Presentation on the website for 11/2 OMG FLU, have you caught ebola?
