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Seis, thats great analysis and puts a very important spin on the final quarter, last financial year. Really proves the copper is working and we have a big future. The real dissapointment was the 5 minute RNS from the company that really wasted another opportunity in my opinion. At least it was timely, but the management must learn to promote the company from within. Chrome is really quite exciting, with a target of 2m tonnes. Does anyone know where that would rank us in the chrome producers?
Nothing much was made of it in the last update but copper production tripled from Q3 to Q4, with an average production for Q4 of 520 tonnes / month. This is pretty much where Leon said Roan should be at by that stage, with production set to reach 700-800 tonnes / month post year end. This sets a new baseline for production which investors clearly haven't picked up on yet. Of course we don't know the impact of the upgrade on the next couple of quarters but the baseline has been set and things should only get better once the upgrade has been completed.
With regards to chrome, prices are still holding up very well, actually increasing this week to US$286-290 / tonne for 40-42% chrome concentrate.
These are the two revenue streams which will drive earnings in the short term and production of both is increasing. Investors are too focused (in my opinion) on PGM's because that has been the main earnings source up until now. PGM's time might well come again but not at the moment.
Yet when when people post "I expect to get bought out at around 20-25p " ( Frogman 23/07/23) you"re happy.
So transparent it's embarrassing.
IE
You do not JUST report. You put your own slant on information. How is "expect confetti" a report? Male cowdung.
Report what exactly. I make no apology for providing information widely available on the internet.
I use it all the time. If Admin wish to advise me otherwise please do.
If not simply DYOR like the rest of us.
https://scanz.com/market-maker-signals/
IE
Just make sure you use the ‘report post’ link in the bottom right of every post… best way to clear out the trash is for everyone to report it. If they get reported often enough they will get suspended, or in the best case the account will be deleted. I’ve managed to get a couple of them completely removed in the past… small victories :-)
Shuvlin, both bulletin boards have become infested with parasites. They are just a plague of individuals with no moral standing, who would undoubtably rob their own grandmothers for a quick fix! I just hope people dont listen to them, see through them because the prospects here are substantial, basically a free copper play that is going to mature in 12-24 months. The smart money, the likes of Fidelity are weighing in big time, yet this board is dominated by some absolutely unhinged crackpots with tunnel vision. Still i am sure the bigger picture will be unveiled very shortly, hopefully only days away, in the meantime Roan is being over doubled in size ready to supply the big picture.
Nobody is expecting confetti. I notice from an earlier post that you are looking to get in under 7p. Maybe that has something to do with your prognosis?
I assumed the post alluded to MMs messaging each other with proposals of collusion in order to manipulate the SP in a particular direction.
Not allowed.
Manipulation, however, does occur. That's how £50M has been wiped off JLPs MC in a month that has seen such little trading volume.
Expect confetti.
IE
Interesting, but what do they do if they have a large buy/sell to fulfil? Get on the blower to their mates.
Of course they pick up the phone. That's how the big deals get done.
" they would be more likely to just pick up the phone? Or have their own WhatsApp group"
No they would not because it could leave one or more open to accusations of blatant market manipulation.
Trades are just trades. They can, and do, move shares about in various quantities for different reasons.
LTHs do not need to take heed of these.
For traders they are invaluable IMO.
IE
IE
Bushy,
You have proved, with your ridiculous inaccurate guesses, that you know nothing about HUM. Way out with your production guess, earnings guess and cash pile guess. Equally, I suggest you know nothing about JLP. So why do you bother to comment on here?
BB2
Nothing here until October Sumo
August can’t come soon enough, this is very painful! Death by a thousand reductions! For me, absolute last chance saloon.
Do you not think if the Market Makers wanted to communicate with each other they would be more likely to just pick up the phone? Or have their own WhatsApp group? Maybe they’d rather just put their intentions out there in the open for those ‘in the know’ eh?
Does not look good on any chart... 8p or 4p not much upside against the risk at all
I see that trade under the bid has subsequently been cancelled.
Smoke and mirrors here IMO.
IE
How much did they amass?
Maybe but somebody is buying behind the scenes. How else have Fidelity amassed so many without buys appearing in the trades.
Nope. They're dealing from the bottom of the pack already.
Expect another drop.
IE
500 code just popped up, not seen that in a while.
Hope this gets 'gapped' back upwards.
I don't know how they can do it on this churn, it's incredible.
GLA
http://www.pennystockdream.com/Market-Maker-Signals
IE
Well, ths explanation of the price collapse is new to me! Glass fibre manufacture .... https://matthey.com/products-and-markets/pgms-and-circularity/pgm-markets/pgm-market-reports
Rhodium remained in surplus last year, as substitution efforts in the glass industry continued to accelerate in response to the exceptional price levels of 2021 and early 2022. The rhodium content of platinum alloys used in glass fibre production has fallen further and faster than we had previously anticipated, allowing glass companies to sell significant quantities of unneeded rhodium back to the market. As a result, non-automotive demand for rhodium declined by 43% to just 41,000 oz - less than a quarter of the 2017 peak, and the lowest level for nearly thirty years. Although primary and secondary supplies also fell sharply, this was not enough to bring the market back to balance.
That report is well worth the read if you have time.
Mikie, I understood that they should have been able to produce up to 125 tonnes / month of cobalt metal independent of copper production by the end of May.