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‘ Bamboozled ‘ what superb word & fitting
‘ Blackrock Bamboozling Barstewards ‘
Rums All Round
Come on !
5% gives us RAMMING SPEED !
Rums all Round
That’s 4% clawed back only another 25% to go to gain what BR f@cking bamboozled from us in the last month !
Rums all Round
A tick up that’s Septic Lil buying all the stock
Roll out the finest Grog
WE’VE HAD IT ALL ON HERE
Manipulation, - Velcro fingered mms chucking the stock about like haddock at a Whitby chippy on a bank holiday
Infestation - Bot hatchlings emerging from there pupae case on a daily basis & feeding on investors flesh
Accumulation, - the greedy & astute nibbling & netting the stock in prep for the deal of the decade
Blackrockerzation - huge financial tentacles paralysing & controlling the stock price for weeks on end to fill the over the pond greedy pockets
Huge Reversals & I’m not talking about Septic Lil climbing out of the jacuzzi
Wafflization - verbal vomit & spurious boll0cks oozing from every Bots orifice
Jubberization - apparently when your sausage finger slips presses the napalm button & all sphincter hair within a 10 m radius is singed immediately
Biblicalization - where all invested reach the golden shores & collect the kings ransom after this long & eventful journey & served gallons of grog by dozens of Randy Russian vixens naked & drizzled in goose fat .
So come on Piper stop milking the financial nipples on this deal , both greedy mitts & feet trying to get 12 months of fees ,
It’s time to Deliver the financial bacon to deck wrapped in a juicy special divi
Massive Rums all Round,
She’s had enough of these BR greedy shenanigans!
Septic lil has applied & somehow got the job as the PGM Dark pool funds manager at Blackrock ,
& is now going buy all available stock & propel this beast to Ramming Speed & pull a Reddit off
Rums all Round
We are back Blue
Hoist the Main sail!
Rums all Round
Teabreak update on the numbers- for those interested- looks like BR had a little play with stock last few sessions like a sabre tooth with a ball of fluff & left us to lick our wounds today … for now anyway .
Stock price 21
Volume - 3.5 million - extremely low compared to the shenanigan sessions
Vwap- 20.44 - median sat 0.5 above yet trickling north
Mia/ median trades- 200 k very low & inactive
If you were sceptical - BR in total control of this stock
Volume - 20 million yesterday- 3.5 today
Massive dark pool kippers last few sessions - shorts closing etc - Zero Mia - & no big kippers
Many new & old disruptive posters on deck last few sessions- none on deck today evaporated
Since 12th of May forced this stock from 27 down to 19 ish yesterday that’s a hefty profit if shorted down & sneak the trades through the dark pools …
Who’s to say BR weren’t the undisclosed USA ii & loaned the stock or sold down though the dark pools to force lower , then flip to long .
All in my opinion & musings
Rums all Round
The SS EPC is for $150m all in, including the processing plant, I do believe. Not a vast sum of money, really. We just raised $40m in the bat of an eyelid, with minimal dilution (1.78%?). It's the building of that plant that's going to be time consuming but Tesla has shown how quickly factories can be built these days. The infrastructure is on the doorstep (road and rail) and, as we've seen from our operations in WK, it doesn't require much in the way of plant and vehicles to scrape the stuff off the ground and sort the nuggets from the waste. It really isn't rocket science.
The time will come, inevitably, when we have to mine underground but the Rosgeo JV has added substantially to the amount of material available through open pit mining. Extraction is, therefore, incredibly cheap and there may be latitude to ship the nuggets away from the peninsula for processing without significantly impairing profitability? A 30% or so increase in overheads, for shipping, would still bring the cost of extraction and sorting to no more than $400/oz. Even at $500/oz, we're still in good profit.
Ha Ha, GFD,
A three-dimensional abacus :-)
Reminds me of Sheldon Cooper from the Big Bang Theory where he was playing 3-dimensional Chess against Leonard, and of course, winning :-)
I was here in the shadows because I had sold out so didn't post but always read the board.
I need to stop posting as much as I was getting much more done when I wasn't posting.
Being pedantic I know but reserves didn't increase by 43%.
They have produced 43% more than the booked reserves suggested were there. This is something that was related to in past RNS's as being particular to alluvial deposits so wouldn't be the case with MT in the same way.
WK reserves were previously mainly booked to C1 level, they have now been shifted up to some at B level which would capture some of the 43% by drilling at closer intervals so going forwards they are unlikely to get as much as 43% extra but should still exceed what is proven to reserves.
It is in part because the Russian system sits on the side of caution as resources are properly booked up, the higher the level the less caution needing to be applied, and part because of the nugget effect of alluvial deposits which drilling can miss.
Sorry Ian, it was meant lightheartedly as I'm sure you appreciate. I'm trying to figure out what to do with my redundant beads from the broken abacus. Maybe some posting on this BB would like to have them to string together for use as worry beads? :-)
Hey, while I have your attention and given your inventiveness and engineering skills, maybe I could commission you to build a 3D abacus for me? I'd then be able to use it for working out cubes and square roots and things like that? Of course, I'd expect you to write and supply the technical manual for me as a complete mathematical dummie :-) ATB
Quite possibly, it will be interesting to see how it develops from here. Would the possible buyer of MT want some interest in the JV areas down the line to put up what would be a lot of money for a sizeable processing plant.
Is one possible scenario, CAW, amongst many. The SS EPC sits on the shelf. The potential for a JV with a.n.other, who funds the cost, is the more likely though IMHO. We're just going to have to be a bit more patient to find out the details.
One thing's for sure, MrYF would not have re-invested and be spending so much time here if he didn't see that the enterprise is going to return rewards to Shareholders.
WK now has a DFS and a mining plan in place so there is no limit on what can be extracted there and the reserves have increased by 43%, further extending the LoM. Sadly, we'll probably not get figures for that until the Interims, at the earliest, because of the time that it takes to ship, process and assay. Buried away in the RNS's is the information on how long that entire process takes. I'm sorry - I don't immediately have access to it. Saying that, I suppose that the BoD could say what the gross tonnage of material shipped to the processing plant has been with one washplant and what it is, now, with two. But without knowing what's in the mix, it's not going to be possible to put a value on it.
Sounding like him and being him are two different things :)
He is still posting on the AMC board and it's through AMC that I first heard about EUA which lead me to invest, WK being why I invested back then because MT was just starting to play out then.
Whilst MT is permitted and being developed towards production it some way off it yet.
I just hadn't fully engaged my brain, it does help to use the correct PGMs metal value .......AND ....... the correct weight in one's calculations!
I fully admit I 'goofed' ..... big time!
Looking forward to 6.30 pm tonight, if no news I can at least have a nice large G&T to celebrate the beginning of the weekend :-)
All the best mate.
MrY, May be related to
'Each of the four open pit deposits, which are located directly adjacent to Monchetundra, have already been studied by Eurasia with block modelling and open pits' optimisations performed by the Company. According to the due diligence done by Eurasia, the ores are suitable for toll treatment over distances of 5 to 8km with beneficiation and mineral processing at the proposed plant site between the Company's open pit deposits at Loipishnune and West Nittis.'
MT buyer funds IMO and then claws back costs by processing the 4 JV mines
Not quite right MrYF. From the Co's own website -
MONCHETUNDRA PROJECT - KOLA PENINSULA
Monchetundra is a fully permitted palladium driven complex of open pit deposits being developed towards production adjacent the mining town of Monchegorsk.
You still sound like TDT to me :-)
WK had it's highest production under the contractors of 150kg and they were processing more than the reserves suggested was there so there were high hopes I feel for WK moving forward from that years production, CS historically has always said 3 wash plants with a shorter LOM was the plan there and that's still the case. Then it all went pear shaped although is now sorted going forwards.
Someone said WK was worth more than MT, I don't agree but you can argue it.
WK has more booked reserves than MT, is currently up and running with infrastructure in place and plant in place and being added to. It is low cost as soft rock and very close to surface with flanks areas potential.
MT, although close to infrastructure, has none in place, no plant built, no vehicles leased or bought, hard rock, deeper underground, less reserves, no current processing.
MT though has more resources that can be proven up as reserves and more potential for larger reserves at some stage from the flanks once proved up.
A question I have is the suggestion that a processing plant at MT would also process ore from some of the JV areas. Would whoever buys MT (assuming that happens) fund the high cost of a much larger processing plant than MT itself needs. What is the plan here.
I find there are more questions than answers with EUA which is stopping me adding more but it is compelling to see how it plays out in the end.
Tilly / Blue an all
Septi has a grip - both hands.....................
Rhums all round
Jt minus tthe missus
Come on septic get them popeye arms on the go.
JT & all
Give Septic Lil a nudge & get her on the oars
Rums all Round
Hoist the main sail you yellow bellied scallywags!
Friday Blue Sailing
Rums all Round
Please allow this repost (Abstract):
9. High short volume, low short interest.
These numbers must be reported accurately to financial regulators. They can’t hide the overall short interest in the long run. But what they can do is cover their short before the short interest is reported.
This becomes obvious when short volume is high, say 45%, but total short interest is low, say 3%.
If 45% of a stock’s volume is people borrowing and selling, then you’d expect the total short interest to be huge.
But it’s not. They hide it by covering their short position before the day is over.
So, if you notice a large amount of volume before the end of the day, or right at the bell…some of that volume is the shorts covering their position so they don’t increase the overall short interest and draw the attention of investors/short squeezers.
Right on the button.