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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Sierra Rutile | SRX | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 35.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 35.00 | 35.00 |
| Top Posts |
|---|
Posted at 08/7/2016 12:31 by miss womble Opportunity FantasticRisk Negligible Outlook Bright What more can an investor hope for? |
Posted at 17/6/2016 10:13 by snowyflake Yes apparently - Investors Chronicle tip of the week. |
Posted at 07/4/2016 17:25 by snowyflake Felix et al- with so many mining companies around either without a licence to mine or with difficulty in raising finance for infrastructure in order to start mining or in severe debt, it is refreshing to invest in a company like SRL without any of those problems.The problem that we have however is aligned with the interests of the iis and Pala and it is realising value. The ceo in the Proactive interview (see Proactive post above) wishes to move the company to the main market. It is one thing saying it; another to achieve it. He knows that there needs to be a free float of shares amounting to 25% of the issued capital. That would mean issuing upwards of 100 million shares but given the inherent value of the SRL assets that would mean getting the share price up to a decent level to enable that to happen without damaging the interests of Pala the iis and the private investors. That will need a good marketing exercise which I guess is where Numis come in. The alternative is that Pala seek a buyer off market for all or part of their shares which one would hope would put a decent floor under their exit price. I uphold that SRL is very undervalued - good infrastructure great deposits will which last many decades, manageable debt, a good work force and not to great a number of shares in the market. |
Posted at 18/12/2015 09:39 by hedgehog 100 Askia Gold's website states that it has a partnership arrangement with a major mining company ... which suggests that it could be working with Sierra Rutile on its new mine development:"Sierra Leone Askia Gold has developed strong links between the Sierra Leone Government, principal Chiefs and local community leaders in highly productive gold production areas. Askia Gold has entered into a partnership arrangement with a major mining company, investors and equipment manufacturers." From Proactive Investor: "Sierra Leone's mining industry moving on from Ebola 12:07 21 Apr 2015 Today's approval for specialist minerals group Sierra Rutile to kick-start a new US$77mln mine project in Sierra Leone marks a turning point for the company but also a country, which has been rocked on its heels by the Ebola crisis. ..." And Askia's website provides a link to its page on the ESE exchange. Here's some of the content, which suggests that the company could capitalise on stricter regulation on Africa to protect the environment: "Askia Gold is a long-standing exploration company with years of expertise and local knowledge in many African mining countries. With changes in legislation and a keen eye on the market, Askia moved into creating a blueprint to assist other mines with Equipment, Taxation Regimes, Local Integration Tools and Financing." "News Askia Gold converted its Gold Mining assets into testing areas for its revolutionary Gold Washing plants. In time and in tune with sweeping regulation changes in many African countries, Askia has developed a washing plant that is efficient, robust, with no moving parts." For more info. please see the MMO thread: "Mercom Oil Sands Plc (MMO) Multiple Investments (MMO)" |
Posted at 04/8/2015 07:31 by donk4 pt - shares go up or down on supply and demand. They are normally news driven or through the foresight of investors.I bought on Friday. |
Posted at 29/6/2015 11:06 by donk4 a) list on main market orb) since Investec are an investor plus broker to the company and if something is brewing there might be a conflict of interests (this is an idea which should be credited to Gibraltar1 on LSE) |
Posted at 26/3/2015 19:47 by snowyflake Russman - Seanywauny is a disaffected AMI investor. AMI have interests in Sierra Leone. |
Posted at 19/11/2013 12:45 by corbine though one broker suggested the shares could yet go higher still.According to Sanlam, major shareholders in Sierra Rutile believe the company's valuation is significantly above the current level, even double or higher. "We have said previously that Sierra Rutile represents the best heavy mineral play on the London Stock Exchange, although we recognise the lack of liquidity means only a few investors can be involved. "Sierra Rutile produces possibly the best rutile product globally and any potential acquirer will be looking to take advantage of the current cyclical low point in the commodity's price." Pala Investments is the majority shareholder, with a 54.4% stake at the end of 2012, though a group of institutions also has almost 40%. Sierra Rutile's core product is rutile, one of a group of titanium dioxide minerals (TiO2), predominantly used in the manufacture of white pigment in the global paint, plastics and paper industries due to their particularly high brightness and opacity characteristics. Sanlam adds that the shares reached a high of 81p in August 2012 and said it would be "very surprised" if an offer was accepted below that: £1 or more is more likely in the broker's opinion. [...] |
Posted at 26/9/2013 11:54 by brechin Excellent presentation being given today by John Sisay about this top class company.For investors, the most interesting new piece of information is the projection of a potential dividend from strong cash flows which would give the shares a yield of 25% at the current price! Even if the share price rose by 150%, it would still yield 10%. Money for old rope INMHO |
Posted at 31/3/2013 14:52 by eddie catflap Gah!you could read it when i posted the link. here you go.. Mineral sands-zircon and titanium-dioxide feedstocks like rutile-are used to make appliances, tiles, and paints look bright. And like so many other commodities, they have been bounced around by the ebb and flow of demand from China. Early last year, prices for the sands were soaring, thanks to booming investment in high-rise apartments and office blocks throughout China. Since last June, as that nation's economy has cooled, zircon and rutile have fallen 50% and 40%, respectively. However, the sands have been ground down too far. Stocks of companies that mine them should shine for the next 18 months, owing to higher demand and squeezed supply. "The bottom in terms of prices and volumes has been reached," declares Geoff Breen, a Sydney-based analyst at RBC Capital Markets. [image] Zircon makes ceramic products opaque and is used in everything from wash basins to kitchen tiles, while titanium-dioxide feedstocks create a pigment that gives paint a bright white color. Both mineral sands are particularly sensitive to the pace of new-home construction. Breen and other analysts see an upswing in Chinese demand, despite Beijing's efforts to relieve a housing bubble. But even if Chinese construction doesn't climb, a rebounding U.S. housing market should aid demand. "The growth in the U.S. broadly offsets any threat of a decline in China, at least at this stage," says analyst Haris Khaliqi of Foster Stockbroking in Sydney. WHILE DEMAND IS LIKELY to improve, sand miners are cutting output. Three companies- Iluka Resources (ticker: ILU.Australia), Tronox (TROX), and Rio Tinto (RIO), through its Richards Bay Minerals unit-account for around 70% of global zircon output. Each trimmed production after swelling stockpiles weighed on prices. According to David Robb, Iluka's managing director, as much as 35% of zircon and 20% of titanium-dioxide production capacity could be offline this year, compared with 2011 production levels. Says JPMorgan's Mark Busuttil, who tracks mineral sands from Sydney: "Producers will likely keep the market in tight supply in the near term and [this will] result in higher prices through the course of 2013." He sees zircon demand rising 14% this year, and a further 15% in 2014, causing average prices to go from US$1,250 a ton in the current quarter to a peak of $1,800 in early 2014. RBC's Breen expects rutile to jump 7% to $1,500 a ton next year. And Citigroup analyst Clarke Wilkins expects rutile and zircon prices to hit $1,800 and $1,600 a ton, respectively, in 2014 as demand and supply realign. Equities are the best way for investors to take advantage of these anticipated gains because mineral sands aren't widely traded on exchanges. RBC recommends investing in six mineral-sands-focuse Wilkins also considers Iluka (which has American depositary shares, which trade under the symbol ILKAF ) a good value. With the stock trading 15% below his price target following a selloff since mid-February, he says that now is an attractive time to buy. |
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