donkey derby
07 Mar 2016
Nice rise today 8% up today and I hope more to come as we get closer to the full year results.
donkey derby
05 Mar 2016
Re: Youtube video I agree. An interesting video which shows how well the company is structured and the benefits of working for the company. SRL is only valued at £90 million and imo the equipment alone and investment in the workforce is a good percentage of that. How much are the rutile deposits worth with decades of production remaining? All investors need is a small increase in the sale price of the finished product for the company to become really profitable.
mantrova
04 Mar 2016
Re: Youtube video A good find, Donatron - thanks for that.m
Donatron
17 Feb 2016
Youtube video Randomly came across this 10 minute video about the company on Youtube. Not sure what the purpose of it is (it's not on an official account and therefore I presume isn't meant to be out yet), but it is fascinating to hear from the people that work there and see behind the scenes at the operation:[link] Managing Director in particular was 100% correct with his comments about how useful the business is in training the wider labour pool of Sierra Leone.We have a great workforce, in addition to a world class asset. Add that to the fact that the management have predicted that rutile prices will remain buoyant in 2016 and this is getting very undervalued indeed. I continue to add more shares most months.
forwardloop
15 Feb 2016
info [link]
Donatron
05 Feb 2016
Re: Gangama Expansion Update High chance based on what exactly?
Lucullus
05 Feb 2016
Re: Gangama Expansion Update High chance of a global recession on the way. In that circumstance rutile price is unlikely to hold up, and this stock could be available for single digit pennies.
donkey derby
01 Feb 2016
Numis There is a Numis note out today with buy recommendation and target price of 35 pence. I am not a subscriber to Numis but if anyone can access it and post it that might be helpful.
bigmacone
18 Jan 2016
Re: info Link to Seeking Alpha:[link]
Fools Like Us
17 Jan 2016
Re: info SeekingAlpha also very positive on the company. Highlighting the positive effects of gangamamine on reducing the operating costs - considering the piece was for a US audience they recommended buying in London.
donkey derby
16 Jan 2016
Re: info small piece in this morning's Daily Mail market report which is positive.
forwardloop
16 Jan 2016
info Sierra Rutile hits another production record[link] Rutile impresses brokers with record production[link]
silver doller
16 Jan 2016
Re: Gangama Expansion Update This has got to be a stonking good buy at current price. If you go back to the sp before the ebola outbreak I think it was around 60p.The company has improved sales and profit since then and yet the sp is under 20p
donkey derby
15 Jan 2016
Re: Gangama Expansion Update The first presentaton link is referred to in the RNS and those reading the RNS are invited to go to the company's website. If you look to the penultimate paragraph of the RNS you will note that sales prices slipped in H2 and the average sale price over the year is minus 3%.I find the revenue figures non transparent in that if one looks at the 2014 full report cost of sales is stated at $111,000,000 and I cannot reconcile that when dividing the figure by the tonnage sold at the stated sales prices. Maybe it is my maths but I am relieved at the new approach described in the final paragraph under 2016 guidance since I believe cost of sales revenues and profitability wil be less opaque.Be all that as it may be Pala are turn around specialists and if you look at the site of Pala Resources and get into history you will see examples of investments where they deploy their expertise in a company in which they invest (i.e. improve the company) and then plan to sell out. There are examples of returns being 3X. I am not sure that in the case of SRL Pala will be satisfied with a return of 3X.You will recall that in November 2013 the company received an approach from a third party when the share price was 60 pence. The sp rose but what we do not know is at what price the third party were prepared to buy the company. Admittedly the sales price of rutile at the time was higher than now but we have world class deposits with good quality, a company which has been developed since Pala first bought in in 2011, little debt save for the costs of Gangama.I believe that the company is being set up for sale and we may see a deal in 2016. At what price i the question for which it is impossible to hazard an answer. But higher than the current price and it could be far higher.
Donatron
15 Jan 2016
Gangama Expansion Update Hello again, just noticed that this was posted to the website yesterday. Looks like we're on track to have two full quarters of production.[link] on this presentation last year, 6 months should be about 23k more rutile. Perhaps 170-175k is a more realistic target than the 180k I posted earlier therefore.[link] may as well just plough on with phase two of that asap and get us up to 190k per annum. Brings down costs and would be a massive cash cow if the rutile price heads higher in the coming years.
