Sierra Rutile Share Discussion Threads

[snowyflake] 19/12/2015 15:07

I think that you may well find that the proactive comment dated 21 April 2015 relates to the Sierra Rutile Gangama dry mine currently under construction. That is due to complete and go into production in Q2 2016 and will increase production.

I can find no evidence to support any suggestion that SRX have teamed up with Askia Gold and iae SRX would imo have had to release an RNS if it was so that they are moving into another discipline.

[hedgehog 100] 18/12/2015 09:39

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)"

[donk4] 02/11/2015 12:10

Thank you for these finds. Of course what the article does not refer to is that the company suffered indirectly from the effects of Ebola which accounted for part of the fall in the share price. Rutile prices appear to have bottomed and any rise will obviously benefit the company together with the commissioning of the Gangama dry mine in Q2 2016. That is why I believe that there is reference to a dividend and a hint as to the possible introduction of a dividend in that part of the analysts' presentation. There is then Sembehun to follow in due course.

I personally cannot understand the rational behind a deal for the Japanese Government to buy into the company but it is possible that we could see some corporate activity. imo SRX are undervalued but DYOR.

[mr roper] 02/11/2015 10:25

Sierra Rutile in Talks With Japan That Include Selling Stake




by
empty text Silas Gbandia empty text


November 2, 2015 — 9:45 AM CET


Sierra Rutile Ltd. is in talks with the Japanese government that include it taking a stake in the company to secure supply of titanium dioxide, the material used in the aerospace industry.

“As a method of securing that future supply we did have preliminary discussions with the Japanese government,” Chief Executive Officer John Sisay said in an interview on Oct. 28. “One of the options on the table is possibly buying into the company.”

The company’s shares have plunged 63 percent since it rejected a takeover in April 2014, more than the 38 percent decline in the Bloomberg World Mining Index of 81 miners. Sierra Rutile has cut costs in the past year at its mines in Sierra Leone and plans to boost production of rutile, the ore that contains titanium dioxide, by 30 percent this year, Sisay said. Titanium dioxide is used mostly to create lightweight and durable parts for airplanes and as finishes for products in the chemical industry.




è Shares of Sierra Rutile fell 63 percent since it rejected offers that valued it at a premium in April 2014.
square before the information Shares of Sierra Rutile fell 63 percent since it rejected offers that valued it at a premium in April 2014.

“We are not aware of the fact,” an official at the Japan Ministry of Economy, Trade and Industry said when asked about the talks. The person asked not to be named in accordance with government policy.

Production of rutile will rise to as much as 130,000 metric tons this year from about 100,000 last year, Sisay said. Sierra Rutile produces about 15 percent of the world’s supply. Sierra Leone is the world’s largest miner of rutile followed by Australia and South Africa.

The shares have dropped 17 percent this year. Sierra Rutile was unchanged at 20.75 pence on Friday.

The price of rutile has probably bottomed out and will begin to rise by the end of next year, Sisay said. Rutile currently sells at about $700 a ton, he said.




“If the prices drop much further it’s actually quite unhealthy for the industry because a lot of companies that do not have as low operating cost as we do will actually go bankrupt,” he said. “We hope that they would stabilize where they are currently and progressively move up towards the end of next year.”

[p@] 02/11/2015 10:15

Notice On Bloomberg TV now-


sierra rutile in talks in Japan about stake in Co.



Sort of cup and handle here.

[russman] 01/11/2015 04:23

Thank you for the pointer to the presentation.
One of the best presentations I have read for a long time 10/10.
hxxp://www.sierra-rutile.com/uploads/sierrarutileanalysttourpresentation-october-2015-30-10-2015.pdf

[donk4] 31/10/2015 10:18

I think that SRX rutile is of a better quality than that of Kenmare. Also Kenmare are burdened with debt. The analysts' presentation now on the company's website is informative.

[russman] 31/10/2015 08:32

I was looking at Kenmare's synopsis of the titanium / pigment market.
Not exactly the same market.
But it helps to be one of the lowest cost producers, I am not sure if rutile has bottomed yet.

[donk4] 30/10/2015 20:51

Interesting times at present. imo things are about to happen. Timescale not sure.

[donk4] 28/10/2015 16:10

donk4 What we also know is that Pala offered 30 pence per share in 2011 for the whole capital which was rejected by the board. Since then the company has moved on leaps and bounds and is worth much much more than that.

[donk4] 28/10/2015 16:08

maty - it depends who the big seller is. What we know not by RNS but by detective work is that Investec went below 3% no doubt as a result of the April large sales and that that stock landed up with Pala. We knew that Pala had increased but we had no idea from whom Pala got the shares.

It was when the annual report was produced that we knew that it was Investec who were no longer a significant shareholder i.e. below 3%

Now where did the 13.8 million shares come from which was traded on Friday and did they as we suspect go to Pala? If they went from Investec i.e. the rest of their holding that will answer that one. If not then from whom? Time is shortly up under the Disclosure and Transparency rules.

[maty] 28/10/2015 13:43

looks like the big seller is out of the picture and hopefully the price heads up from here to true valuation in my opinion

[russman] 25/10/2015 09:32

13.8m @ 19.54p. State the obvious.
Quite a big trade at the close.

[dr_ex] 08/10/2015 15:12

good news on the rns and we go down again. wtf. this is so stupid. i guess we will have to play the long game

[m w] 05/10/2015 15:08

some big trade's going through are we about to lift off

[donk4] 02/10/2015 08:08

Thanks Felix. The seller could be Investec selling the remainder of its stock; I guess that they could be a holder despite being the new Nomad?

If it is not Investec I have no clue but I would not like to think that it is one of the other iis.

[felix99] 02/10/2015 07:49

there is no book so you cant see any orders- its market maker only. Most of market makers quote 5k lots and a few quote in 10k.

I see the 200k went through the other day were director purchases as I suspected.

Presumably a seller behind the scenes somewhere and directors happy to oblige at a low price.

[donk4] 01/10/2015 20:50

I have asked this before but does anyone have Level 2 to see what is on the book? OR does anyone have a regular broker (and not an online broker) who should have access and could give the answer.

I suspect that what may be happening is that a sell order goes on the book. Price goes down. Deal done. But that is just my opinion.

[donk4] 01/10/2015 20:46

and a late 400,000 share trade. Pala buying? And if I am proved right after a Sierra Rutile director has also bought.

[paulturner006] 01/10/2015 20:15

Tell me what is going on here?More large director buys, 200,000 at 17.5 is about £35,000 yet price heads south...

[fillipe] 01/10/2015 18:32

Another dir buy - large and late hours RNS.

f

[dr_ex] 30/9/2015 12:03

they just walked it down, took them 3 months.

i guess once the train is full, it can leave the station

[wilk1] 30/9/2015 09:26

Finding chart support !! We are there now and I have bought 20000.