Donatron
29 Sep 2015
Re: Ghost town "I would say the company is at a reasonably fair price at the moment - you wouldn't expect it to fall much further, for example"Fell 12.5% today! The Glencore/China situation not ideal for sentiment towards miners.
donkey derby
19 Sep 2015
Re: Ghost town DonatronYour post and analysis is the best and fairest that I have read. You have covered all the necessary points. Thank you. Whichever way that I look at this company its price has reached a nadir unless price manipulation is afoot.
Donatron
09 Sep 2015
Ghost town Bit quiet around these parts at the moment! The price has dropped quite a bit, which I think is hardly surprising given the both the H1 update and the wider slowdown in China.For those who didn't see, Investec lowered their price forecast from 38p to 35p. I haven't seen the note so can't say exactly what they think has changed, but the rutile price isn't helping.We saw from the interims that the rutile price has been hovering around the $800 mark. We also know that the all-in cash costs are expected to be about $650-670 and that production is on target to meet 120k-130k.Scribble that down using the worst case figures in those ranges and we are hopefully looking at a profit for 2015 of $15.6m (call it £10m). Divide that by the 522m shares and we're looking at about 1.9p EPS, which puts us on a PE multiple of about 11x. On that basis, I would say the company is at a reasonably fair price at the moment - you wouldn't expect it to fall much further, for example. That said, there are many triggers that could positively affect the share price:Lower than expected costsHigher than expected productionHigher rutile prices - this could be a game changer due to operational leveragingCorporate action - for example a takeover offer, etcIf they did go ahead with a dividend at the end of this year, the EPS would perhaps support 0.9p a share assuming they retain 50%. I'm sure PALA would like to start extracting some cash from the company, plus it sends a signal that this is a stable, secure company. If that were the case then, we could calculate that the share price ought to be perhaps 45p using a 2% risk free rate.Not suggesting I'm correct, so interested to hear thoughts.
forwardloop
18 Jun 2015
expansion [link] also CEO interview
donkey derby
13 Jun 2015
Re: Looking good for a quick double According to Al Jazeera Ebola may be eradicated in Sierra Leone by July this year.Eradication will assist and should reduce the company's costs.
Monmaker
10 Jun 2015
Looking good for a quick double All the analysts seem to agree, range from 38p to 66p and more in my opinion.It's only been knocked back by the Ebola crisis which seems to be abating.
Donatron
10 Jun 2015
Investec raise target price to 38p Up from the 29p they set only two months ago:[link] criminally low if things progress as intended. Does anyone have a copy of the actual research note? Would be interested to see what assumptions they are making.
Donatron
27 May 2015
Re: Decent article "Good solid stable AIM company"Isn't that an oxymoron?!But yes, agreed! Hopefully the Q2 results in about 6 weeks will provide some further impetus to the price. We should be AIM 50 by end of the year...?
wheresmymoney
27 May 2015
Re: Decent article I lucked out on some judicious buying at 17, 18 and 19pFully expect this to exceed 60p in the not too distant future. Good solid stable AIM company (for a change)
Fools Like Us
26 May 2015
Re: Decent article Thanks for that link,Donatron - very good summary
Donatron
26 May 2015
Decent article Nothing we didn't already know, but useful to have a summary:[link] to see the price increasing as of late - up roughly 70% from recent lows.
The Earl of Acol
28 Apr 2015
Sorry Sniffer missed the fact your earlier post heading showed the year. Sorry.
The Earl of Acol
28 Apr 2015
Re: PALA While maybe still relevant this article is March 2011. Without stating that the posting could be interpreted as new information. This is a great company with enormous potential IMHO.
sniffer1978
25 Apr 2015
PALA Are about to embark on a journey of Rare Earths by investing $12million in Rainbowearths, what do we have as a byproduct stockpiling up with a value from 2011 of $2.220 per tonne with possible 240,000[link] the samples tested by SGS and applying current REO prices, the potential value of the total contained REOs in the sampled HTT stream is US$104.2/kg of REO. This value excludes yttrium, lutetium and scandium, for which testing remains ongoing. The US$104.2/kg of REO compares favourably to the Comparator Group, for which the contained value of REOs is US$111.5/kg of REO (refer to figure 2). The REO grade of the HTT samples, as tested independently, is 2.2%, implying a REO value of approximately US$2,258 per tonne of HTT.
sniffer1978
25 Apr 2015
SRX RE: Corbes from 2011 Rare earth 4th paragraph down onwards [link] Sisay, Chief Executive Officer of Sierra Rutile, commented, "The independent confirmation of rare earth mineralization in the tailings stream is a positive step and we now have clarity on the type and extent of these minerals. Sierra Rutile is assessing the feasibility of future rare earth production given the relatively attractive cost position of processing rare earths which are already extracted and significantly refined as part of our normal rutile separation process. The market dynamics and long-term fundamentals of the REO industry are attractive and we have therefore taken the decision to proceed with further studies." every two tonnes of rutile produced. The Company's 2010 rutile production of 68,000 tonnes produced approximately 34,000 tonnes of HTT last year.Samples from 14 locations in the HTT stream were analysed by SGS. Locations were chosen based on processing methods, the conductivity and radioactivity of processed material, and the chemical properties of REOs
