Sierra Rutile Share Discussion Threads

[dr_ex] 08/7/2016 12:33

13m trade. not pocket change. time to load up. that will be an RNS for sure

[miss womble] 08/7/2016 12:31

Opportunity Fantastic
Risk Negligible
Outlook Bright

What more can an investor hope for?

[russman] 19/6/2016 08:19

Thanks for the Beaufort link.
Quite a good analysis.

[snowyflake] 17/6/2016 10:13

Yes apparently - Investors Chronicle tip of the week.

[wilk1] 17/6/2016 09:48

Tipped somewhere ?

[snowyflake] 05/6/2016 11:59

michaelm - given that Beaufort are not one of the company's brokers, it is good to see an independent broker posting a buy note. Full, informative and good. Worth a read.

Thank you for posting it.

[michaelmcandrew] 04/6/2016 07:32

free 23 page research paper from Beaufort:

[pongo88] 03/6/2016 11:51

Gangama commissioned London, UK, 2 June 2016: Sierra Rutile Limited (AIM:SRX) ("Sierra Rutile" or the "Company") is pleased to announce that plant commissioning of the Gangama Dry Mine project and handover from DRA Projects (Pty) ("DRA Projects") to Sierra Rutile was successfully completed on 31 May 2016. The Gangama Dry Mine is now operational and producing high quality natural rutile, a high grade titanium feedstock.Construction of Gangama Dry Mine commenced in April 2015 and, over a thirteen-month period, Sierra Rutile worked alongside DRA Projects to ensure that the project was completed on time and within budget. Plant commissioning is deemed to be attained once the dry mining plant has operated and processed ore for seven consecutive days, achieving specific design criteria which includes name plate capacity of 500 tonnes per hour ("tph"). This test period ran from 22 May to 29 May 2016, during which both Sierra Rutile and DRA Projects were pleased to note that feed rates and plant utilisation exceeded the design criteria. Specifically, over the seven-day period, the Gangama Dry Mine plant operated at an average throughput of 555tph and 87% availability. Steady-state operation is expected to be achieved within four months.Next StepsBuilding upon the experience gained in successfully designing, constructing and operating Lanti Dry Mine and Gangama Dry Mine, Sierra Rutile remains fully engaged in process optimisation, value engineering and market evaluation of its two further near-term expansion projects, the 250tph bolt-on units, one for each of Lanti and Gangama Dry Mining. Additionally, Sierra Rutile also continues to progress towards a definitive feasibility study for the Sembehun Dry Min

[snowyflake] 07/4/2016 17:25

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.

[tomthedom] 07/4/2016 14:16

Good write up in Shares Magazine today may explain rise today.

[snowyflake] 02/4/2016 18:04

ProactiveST - the most important points imo were Sisay's comment that SRX can sell whatever they produce, that purchasing companies are destocking and that as a result he anticipates towards the end of 2016 that sale prices will harden and from 7 minutes in the video that SRX are "recalibrating" their board with a view to moving from AIM to the main market.

[proactivest] 01/4/2016 10:48

Video interview with CEO John Sisay



John Sisay, chief executive of Sierra Rutile Ltd (LON:SRX) says the company had a “fantastic year” against the backdrop of slumping commodity prices and the Ebola crisis in Africa.
He adds that while some companies were downsizing, Sierra “chose the brave step to expand in our Gangama project”, all while cutting cash costs.
Looking ahead, Sierra said first quarter rutile production is expected to be about 26,000 tonnes, down by a third on the previous quarter but up 11% year-on-year, and confirmed it is trading in line with expectations.

[fillipe] 30/3/2016 14:52

Hi All. Please would you let me know if there is available an easy to access chart or prices, for the Rutile mineral, or T1O2.

I find it difficult to obtain a view of how the raw material market might appear to SRX.

Thanks

f

[snowyflake] 22/3/2016 07:13

No requirement to construct the Sembehun mine for 5 years. Thus no need to divert income to that thus availability to declare a dividend which has been flagged by the company on numerous occasions as soon as increasing income over the regularly flagged reducing costs allow.

[snowyflake] 07/3/2016 16:25

Nonic - don't some of us know. With costs under control all we need is an increase in the rutile sales price and we will have a company delivering decent profits. It is largely debt free, the concentration of debt being in relation to the Gangama mine infrastructure currently being completed.

If Pala offered 30 pence per share in 2011 what might a third party offer now with the company far improved to succeed in buying SRL?

[nonic] 07/3/2016 15:45

This was from the December 2011 RNS:-
2012 sales contracts and market update

SRL is pleased to announce that it has executed contracts for the sale of 21,000 tonnes of standard-grade rutile. All contracts are for Q1 2012 delivery, completing SRL's sales for the quarter.

The contracts have a weighted-average price of $2,530/tonne, with the most recent priced at $2,700/tonne. The weighted-average price achieved represents a 285% premium to SRL's weighted-average price of $658/tonne for 2011 sales of standard-grade rutile.


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At some time in the future this will be a valuable acquisition

130,000 tonnes pa let alone the 200,000 tonnes pa the assets are capable of would provide an extremely profitable operation

[snowyflake] 05/3/2016 15:29

The market for commodities has not been great for a while but the market forgets that it was under five years ago that Pala offered 30 pence a share since when the company has turned to dry mining, doubled production and the opening of Gangama in Q2 will further increase production. 80% of this year's production is contracted although we do not know if that includes any added production form Gangama. The deposits are large, with production capable for decades to come; the rutile is very high grade. Undervalued. Numis's 35 pence per share imo view should be bettered.

[fillipe] 04/3/2016 17:49

SRX - one to be well involved in at the present lowly share price ...much more so than to be chasing it on a future rising trend.

f

[snowyflake] 18/1/2016 21:29

agreed - a good article; well written and good analysis.

[michaelmcandrew] 18/1/2016 08:48

A good piece on Seeking Alpha in the States:

[snowyflake] 17/1/2016 12:06

imo SRL is a stock to hang onto and may be even add to but as ever DYOR.

[russman] 17/1/2016 09:20

Lots of positive comment about Q4 update. Life could be a lot wor

[paulturner006] 12/1/2016 13:17

What's happening?