Thanks Saracen. Dividend in June too, so hopefully all combines for a good run of newsflow and share price action over the next few weeks. |
Confirmed auction dates
Result of Emerald auction 31st May,
Rubies 19th June. |
Totally agree. Weakness may be due to a rise in terrorism in Mozambique but recent attack was 134 miles away and the army are still protecting the ruby mine. |
I added toady at 11.9, pricing seems nuts.In 12-18 months when new plant online and backlog getting cleared output and profits surely going to be huge record for company and with returns policy in my humble opinion we will see massive divvi and massive increase in share price Again my opinion not financial advice but I'm expecting 2-300% increase in share price over next two years with divvis on the journey. |
I added a few shares at 11.5p as it seemed too tempting not too. I'm either going to make a significant amount of money, or loose my shirt, but at this point I'm not worried! |
Going to be Premium emeralds end June and mixed quality rubies mid June.
The emeralds offered include the extra that was withdrawn last year so should be a good number. Rand recovering helps.
6% dividend yield to keep you warm until new ruby wash plant triples production.
Interesting few months coming. |
Assore should make their intentions clear. |
Premium Rubies May Premium Emeralds June dont know dates yet |
Next auctions are when saracen? |
Assore held 29.2% as of 25 March 2024. There has been no subsequent holdings related RNS so presumably the holding remains unchanged. Slide 31 in the most recent presentation is the source. |
Selling in Joburg seems to have dried up. Crazy cheap but no-one wants AIM small
cap or a share quoted in Rand.
The Management dont give the impression of caring about the share price.
No-one took wage cuts in last rotten year. CEO is one of the highest paid on AIM. |
250,000 buy just gone through. |
This board is very quiet.
Assore hold 29%? |
Expect a low ball offer of 14-15p soon. Shanta Gold style robbery. |
The new washplant will pay for itself in 18 months. Premium Ruby auction in May and emeralds in June. |
Assore are generally value investors. This is portfolio diversification as they are over-exposed to manganese in South Africa and the dire state of Transnet.
Having said that, they recently tried to take over Atlantic Lithium. |
Hope this new plant is worth it as £100M seems to have been spent/wasted on it. |
Does anyone know who Assore are and their intention/history etc |
Watched analysts meeting which was upbeat. 2024 and 2025 will be very strong years.
Co needs to move off AIM and up its profile with investors. |
What do you make of this price action?
Dire.
Have you contacted the company saracen?
No buybacks either now. |
Looks like no one cares about the dividend. |
Far too much cash is being spent - bad timing and militant risks remain. |
Upbeat analyst meeting. Liberum reaffirms 25p target.
Second wash plant at ruby mine operational H1 2025 will 3x production, stockpile already in place.
Usual auction timetable returns with high grade ruby in May and high grade emeralds in June.
Company reports that demand for coloured gemstones remains healthy. |
Dividend of USD 10 million declared (USD cents 0.857 per ordinary share) and payable in June 2024 |
Dividend of 0.68p per share for a yield of 5.4% |
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