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Here is interview from 2 weeks back stateside
https://youtu.be/6qoV5aoxQGE
There is also defo a buyer scopping up in 50k chunks, been 3-4 today so far, all delyaed by an hour or so, also on the rsp there is way less today on the ask. Think our seller/s offloaded most yesterday.
hopefully down to dreggs now
Hi Visitor,
Agree with #THS being a long term view, but still think its under priced.
The $117.2m Capex includes the Vulcan Project of $52.8m, the PPT states they may seek debt to finance this part of the capex.
But given they are now making $1000+/oz extra margin on the 6E PGM's since Jan ,,if prices hold around this level they should be able to manage the whole capex commitment + debt repayments without seeking to add further debt.
Agree crome for this year will be a smallish write down loss.
The capex will position the company to be producing and annualised PGM rate of 200k before 2020 YE, so 2021 outlook should be for 200k/oz PGM & circa 2,000,000 Ton of Crome.
If they achieve above , there is no way this will be valued anywhere close to £200M,
I've sliced this AM for £100 loss as RSP is showing seller adding to ask constantly , but its certainly one to keep keen eye on.