Strategic Natural Resources (SNRP)

Is it ISA'ble whips?
Actually, do you have a SIPP whippet?

no tis not isable unfortunately. yes I do have a SIPP in which I am paying in monthly via a salary sacrifice arrangement. why do you ask?

Sorry for the tardy reply. I left my employers pension scheme as they slashed it so that it made no sense to be in it. I had looked at a SIPP for a monthly plan from my salary but opted for the cash (obv taxed) to invest each month in whatever took my fancy. I would not be adverse to risk but in my head I thought that a SIPP option would mean that I should find a sensible share. I would prefer to do it myself but my knowledge of future & options, CFD's etc is very limited. I think I'll need a free weekend to read through the best route but they don't happen very often. It would be prudent to have a better pension plan I think.

think salary sacrifice is best way to do it if your employer is willing to set it up, as you get the NI savings paid into your pot as well. if your employer is nice (mine is) they will give their NI savings to you as well. Can't remember the exact figures, but effectively when you include both the two NI contributions you get roughly double the amount you sacrificed going into your pot. Not quite as good as a final salary pension granted, but a damn sight better than just paying into a crappy stakeholder pension with aviva or someone.

sippdeal is the best provider I found (although I guess it would vary depending on what you want to actually invest in, for example if you were solely buying managed funds then hargreaves landsdown might be the best). sippdeal has no management fees, unlike the others which typically charge 1% or more (doesn't sound a lot, but it is huge if you are saving for 40 years). The only fees are your typical commissions on share deals. £10 for most shares, but only £1.50 if doing the regular investment (although that can only be done on FTSE350 shares unfortunately). At the moment I am buying vedanta resources in mine, I wouldn't mind buying a few aim stocks as well, but it isn't particularly cost effective to do that every month as the £10 fees mount up if you are only investing a few hundred a month.

At the moment, as I only just started it, I am paying about 1% of what I put in in fees. Which is quite a bit less than the 1.5% most schemes will charge (on your entire pot) I think you will agree. definitely worth looking into.

What a joke thread. Unfeckingbelievable.

up to 20p now since I posted this (from 17p). They have also now found 203 mT from 5% of their license area now. Yep, what a great joke melly.

I'm expecting this to hit well over 30p on news of funding and production starting in Q2.

up to 22p. looks like they are well on their way to first sales of coal in the near future. seriously undervalued at the moment. a few brokers have current target price of 100p+.

decent outline here, bit out of date, but pretty useful.  http://www.eyespydigital.com/investments/broker_report.pdf

currently at 28p so I'm now sitting on a healthy profit, what a joke eh melly?

been a bit of profit taking in the last few days, think it peaked at 32p at one point. think this might be another good entry point - still waiting on the announcement of the funding and coal sales actually starting; both should be happening very, very soon.

there is an detailed report here: http://www.allenbycapital.com/research/strategicnaturalresources.html

which makes very excellent reading. This analyst has a price target of 50.9p/share based on current predicted sales. Which is nice in itself. However, this figure only takes into account the amount of coal currently proven up so far. They have only actually drilled 5% of the license area. So there is clearly huge potential to significantly increase the amount being produced, giving a potential share price in the multiples of pounds if they can ramp production up enough, which should easily be possible.

all looking very promising imo as a longer term investment.

took my profit on these, good luck whip.

Wipeout, I haven't got the faintest what you're "sitting on", but I have a feeling it must burn your ***** after a while.......or not.

Well done Whippet

it did hit 30 but seems to have taken a dip lately

great work whippet.

congratulations on another winning recommendation.

Not looked at these for years lol stumbled accidentally on price.

Was2.5p yesterday now 4p

Anyone stil in. WTF went wrong?

WTF went wrong?


Seriously???

Did the word "joke" confuse you?

Menelaus 09 Feb 12 07:09 
What a joke thread. Unfeckingbelievable.

we should all be retired now but instead i've got two jobs

That Menelaus seems a nasty piece of work.

What's his problem?

The man is amazing. Never puts a foot wrong spots every opportunity and knows everything.

I think they refer to his type as gifted or possibly special.

i'm sad to say that i've had to take on a third job today to make ends meet after hargreaves sold my last aim shares to put towards my 24p management fee

Things look Shyte.