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.....and of course the metal prices were very different in Oct lsat year, and the deal he mentions were done some time ago when prices were even lower, very much lower. He does not get drawn into potential numbers for a TO for obvious reasons, however it is really clear that he expects it to be significant talking about historic deals, the scale of the banks involved , the market for the commodity etc etc. He comes across exceptionally well and a very competent, bright and cool customer. He knows what the business has and the strong position they are in (commodity prices, mine potential, licences, open pit, Sinosteel deal until 2027 etc) - and as he says a couple of times, we will not be rushed.
I've been watching the interviews again myself this morning and the Interview with Dimitry on proactive that lasts 30 mins is essential to gain an idea of any sale/part sale price. Dimitry references recent sales and the price of Palladium and the direction of travel of Palladium pricing and why he thinks it will stay there. 5p! don't make me laugh!!! There is a reason hes doing the deal and we're on the sidelines, the notion that he would accept 5p or anything like it is just drivel.
Well put RMR1969.... that interview is a must watch!
TDT - fair point.
I re watched the interview on Pro Active investors again yesterday, all 30 mins of it, I believe it was last October, anyway it renewed my confidence in this stock and the likelihood of a strong outcome post suspension. During the discussion the £1m investment at 5p per share was mentioned and it was evident from the conversation that he was looking for some considerable increase on that.
I recommend anyone who has not seen the interview to watch it today, and even if you have seen it, watch it again knowing what we know today, you cannot fail to come away from it excited at what could happen here. as is often the case, it is all so obvious in hindsight. GLA
Grow up mate
Whilst that’s true Dicky me old son, you fail to mention when Dmitry mentioned about banks working on our behalf and possible deal/value he said just look at the size of the deals that engage in ‘billions’ have you seen the demand for our metals? Seen the price since that interview? You should take you’re ‘blinkers off me old China’ . Everyone just chill and out you’re feet up....... ‘reasons to be cheerful 1,2,3........ billion’
If theres no deal that reflects true value then we mine it ourselves trigger the sinosteel deal and away we go. If they want it that bad theyll have to pay the going price gla
We know the value of the mines at MT and WK. We know the Chinese drive a hard bargain. We know they, and the World, are actually desperate for Palladium as the price is rising rapidly with it's scarcity. The Chinese are playing poker with an unconcerned demeanor when they are probably crapping themselves at the need for Palladium and having to pay market value. We know all this. Many are providing educated guesses. The ACF Equity Research report provides a conservative estimate of 54.8p to 60.6p. A conservative report. And yet some say figures of 35p plus are wild guesses?
How much do we think were going to get per share then all???
I recon - £9 :-)
Lets get some positive speculation going!! hell could we make £10 a share???? (Sports car is already on order...)
smoke - some of the Board invested huge amounts at 5p already back in 2008, pretty sure they would not accept 5p now, 12 years later and having putting a large part of their career into this company!
............and pretty sure I wouldn't either.
Cue Ray Stokes from ‘when the whistle blows (Gervais, Extras)....
“Are you having a laugh!?”
5p... Get some air...
Smote, having the choice I'll take the 25p to £1 this will make on asset sale. The BOD won't be giving this away for 5p.
smoke. Make your mind up please. GLA following a de-ramp. Really? Or do you think that makes you a nice person. Like.... You're really fat, no offence.
Interested to know how ‘most’ on these other social media platforms are anticipating it to work out? From what I have read across different social media platforms most are anticipating this to work out well. Thanks
Having the choice would you take 5p now or risk it for a little more and possibly lose it all(most of it)?
The only good thing is, we have no control and just have the wait and see. I sincerely hope it turns out better than most anticipate on other social media platforms. As LSE is most certainly the rainbow chase haven, no offence intended. Just don't expect some of the ludacris figures spouted out of thin air. And if by chance we get a 10th of these "figures" it's a "bonus" GLA