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Sorry dog, i missed your comment.
What if the PGM quantities were of a similar amount to catalytic converters?. Could be more, could be less, but that is what anglo have started looking into.
I believe in any situation that money talks, so if companies want to help create technology that will create further demand for their wares, then there's a good chance that it will indeed materialise.
There is the chance that it won't also, so i guess we'll just have to wait and see with this one.
GLA
It's past 7 months from the bank RNS in oct, so again i feel we're in the sale/sold window quite comfortably.
Dmitry did state in an interview that they wouldn't be rushed, hard negotiator and will of no doubt played a big part in securing the best deal possible.
If it is just MT the hold up would be the approval of the flanks license if 15Moz, or perhaps even the license arriving, if that's the figure they've used in advertising the sale and in negotiations.
GLA
In terms of mining they were a minnow holding large asset licenses.
GLA
Everywhere you look says pretty much the same gfd, average time around 7 months gets mentioned a lot.
GLA
The 6 - 12 month window still applies gfd.
This started in oct last year, we're in the sale window, simple as that tbh.
We were/ are just a small company, it was the bank RNS in oct that started the mcap increase.
GLA
It is a very interesting an intriguing thought however I can see some problems. I am sure it will be possible to build a highly efficient very energy dense battery with brilliant cycle life using such materials. The big problem is that Platinum and Palladium are rare and very expensive and are likely to remain so (Lithium is not rare and production can be scaled up when the need arises) so unless only a minuscule amount of Palladium and Platinum is required (which may be so) these batteries are going to fall at the first hurdle of volume production COST.
Putting a value on EUA changed when covid became serious..
What's the life expectancy of EUAs assets?
we don't know when the procedure started..last october at the latest
Even if it's just MT being sold, i would apply this time frame from oct -
"Most business brokers in the industry agree that it takes between 6 and 12 months to sell a company."
https://exitadviser.com/mob/article/long-does-take-sell
GLA
The other thing to remember weredoomed, is that this all start back in oct so a lot of time has passed since then, we're into the final stages, execution stages imho -
"We are also delighted to welcome Iain to the Board, who as a qualified lawyer and M&A practitioner will strengthen our execution team, while we are making progress on our M&A plans."
GLA
For someone like NN it would be very straight forward, they're forever assessing the market and creating future forecasts on metal pricing etc.
GLA
Quite so but it makes for a very complicated valuation of EUA this could well take some time.
But demand for platinum and palladium will also come from EVs at some stage also -
http://www.platinumgroupmetals.net/Lion-Battery/default.aspx
GLA
Petrol and petrol hybrids have plenty life left yet, diesels will be the first to disappear.
I can see many countries following what is happening in chinas car industry also, people buying cars so they can stay socially distanced throughout this pandemic, as fear will keep many off buses and trains imho
GLA
Yep the current wobbles in the space time will be making a price on EUA assets extremely difficult to assess, esp this bit "Long-term, the rapid adoption of electric vehicles, which do not require catalytic converters and accompanying metals, could pose a threat to the PGM market, he said."
Might be worth tuning in tomorrow.
Could palladium prices retrace all-time highs? Autocatalysts driving PGM demand
Kitco News
Kitco News Tuesday June 02, 2020 11:12
(Kitco News) - ''With the economy showing signs of normalizing around the world, demand for cars, the dominant industry behind demand for platinum group metals (platinum, palladium, and rhodium), could see a v-shaped recovery said Jonathan Butler, head of business development at Mitsubishi Corp.
.......
“In places like China, many people are still coming to the market for the first time. Generally speaking, we are seeing something of a v-shaped recovery in auto demand in China, and it remains to be seen whether we will see that in other parts of the world as well,” Butler told Kitco News.
....
“Where it all changed is with COVID-19, with the national lockdowns that we saw.”
Long-term, the rapid adoption of electric vehicles, which do not require catalytic converters and accompanying metals, could pose a threat to the PGM market, he said.
Another tailwind would be cost-savings initiated by the auto industry, where a process known as thrifting could see a reduction in precious metals usage, he noted.''
https://www.kitco.com/news/2020-06-02/Could-palladium-prices-retrace-all-time-highs-Autocatalysts-driving-PGM-demand.html
International Precious Metals Institute
Live IPMI Webinar Auto Catalyst Value Chain: COVID-19 and Beyond
•Scheduled for 4 Jun 2020
https://youtu.be/ZyPXPe228SQ
https://www.ipmi.org/page/webinars-autocatalyst