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Today 18:25Price: 203.00
1750mk14,087 posts
RE: 8% plus yield

Had a few at 201.28 today. Seems very good value and 8% divi not to be sniffed at. Will add more, let's see how it goes.
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Today 15:24Price: 201.00
vred1,333 posts
RE: Why a 5%

Wish I had some spare cash. 26% down on this. Could do with a little average down!
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Today 13:56Price: 201.50
boreddesigner3,196 posts
RE: Why a 5%

Drop? Not that i'm complaining - got 5k at £2.06 & will grab another 5k if the sp goes sub £2
Strong Buy
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Today 13:29Price: 200.50
Temple_of_Doom2,319 posts
RE: 8% plus yield

Wait a week after Trump settles with China then sell ;)
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Today 13:27Price: 201.50
Temple_of_Doom2,319 posts
RE: 8% plus yield

Luvvly Jubbly :)
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Today 13:14Price: 202.50
Shortarm7 posts
RE: 8% plus yield

WTF is going on?
8+ percent yield here now!
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31 Oct '18Price: 219.00
Stockable105 posts
Scope For Expansion

To get some idea of the strength of its low-cost operating model, it might be useful to take a look at its cash operating costs. By its own estimations, these are amongst the lowest in the industry. Its copper cash operating cost as per its recent interim results was US$0.58 per pound while for zinc, its cash operating cost was US$0.44 per pound. Putting that into perspective. The last time that copper was that low in price was in 1973 while for zinc it was 2004. That seems to be reflected in its operating margins, currently around 43%. Basically, it seems to operate a robust model capable of withstanding price shocks.

The one downside that I can see, is that it can only really grow by acquisition. It's looking at increasing production at its SASA mine but this is only relatively modest, some 10% or so. Finding suitable targets that meet its low-cost and full-cycle model could be tricky. But it has successfully moved outside its core area of expertise and into underground mining. And has demonstrated an ability to execute on its strategy.
No Opinion
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30 Oct '18Price: 212.00
Oiltap3,458 posts
RE: A Successful Acquisition

I agree. Likely because mines which are immediately accretive and compelling to buy are hard to come buy. If they go out of their current jurisdictions then they will want to keep the operational costs minimal - a new mine has those advantages - latest equipment and efficient mining opportunities.
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29 Oct '18Price: 211.00
CFlather200069 posts
RE: A Successful Acquisition

That would be interesting. It's a bit of a departure from their proven skill set. As far as I know, they've never started a true mine
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29 Oct '18Price: 211.00
Oiltap3,458 posts
RE: A Successful Acquisition

Probably. Although a recent interview with Nick Clarke, and also one with Nigel Robinson seems to have softened their stance on immediately accretive purchases, opening up the possibility to greenfield potential for the right resource.
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