Member Info for Albatross747

I suspect a few people were holding till the Q1 update hoping for a pump and when it didn’t materialise decided to ditch it.

Ivenoidea did you miss the part where 2nd shipment final payment hasn’t landed and 3rd shipment has only just left..

Mac, wait you haven’t been burning effigies so far? I thought the beer garden was code for a pagan alter.

James I’ve never sold in this for boom or bust. Yes of course we hope the Indonesian government get this all sorted so everyone can make money again I’ve said this myself on here before but this is a completely separate point. You started off saying that PT IM has no relevance to PYX which was absurd. That may be an article but it’s still quite clearly an AI hallucination full of misinformation

I’m sorry but you need to use a different AI that’s an absolutely wild hallucination.

There’s no report they’ve received the RKAB, they aren’t exporting anything.

Yes technically there is legal separation between PYX and PT IM but if PT IMs trouble locks up the mandiri deposit that should be obviously a massive problem for PYX. Tisma is tiny compared to mandiri not really suitable on its own, certainly not a growth driver.

Bottom line is PYX is the mandiri deposit. If they lose it they will fold. Yes we would hopefully still profit from a sale, depends what fine is levied.

I’m in this for a decent amount but AI seems to keep telling people this is just an administrative hiccup and it will all resolve soon. That’s not what this is and no one should be investing if they don’t know the risks.

Also PYX doesn’t get licences. It’s subsidiary’s do. We are waiting for PT IM to get new management so they can be seen as trusted to start operations again or another subsidiary comes in and applies for the licence which may be happening behind the scenes. We’ll see.

JamesT how is it irrelevant? PT IM is the subsidiary that PYX uses to mine and hold the licenses for the Mandiri deposit. The mine and all the equipment were seized as part of the investigation.

I’m hoping charges being levelled and going to trial is the trigger point to get new management in place for PT IM. If have to wait for trial outcome that will be a while

Https://regional.kompas.com/read/2026/04/10/190220078/kasus-korupsi-zirkon-rp-3849-m-di-kalteng-4-tersangka-dilimpahkan-ke-kejari

The article from last week

Dotem your best bet is to sell manually when the spread is narrow and then transfer the money to your ISA and rebuy

Ifiknewidberich - sometimes you post things that make me wonder if I’m having a stroke

I’d have thought it’s solid evidence Kodal aren’t going to roll over and go with whatever Hainan want. Arbitration really isn’t a big deal.

Lee are you suggesting they should have just rolled over and paid a sum they didn’t believe they were liable for just to avoid the drama of arbitration?

There’s nothing to buy and everyone who’s in, is in. Shoulder harness down and locked.

Makes more sense they are delaying accounts until they get some approvals from the government RKAB, licence or both. If that wasn’t happening just get the auditors to discount or even write off the asset and file. They can’t be worried about damaging the SP. That ship has sailed. They must be waiting for something to break the silence with. And it’s much easier to get away with hiding potential good news than it is to be covering up bad news. If they come out now and say because of the criminal case everything is ruined and they’ve know for several months it would go this way then they’re in serious trouble for breaching reporting rules.

I believe they can apply for the mining licence and RKAB simultaneously. Really will be walking a fine line if they don’t give any update next week though. Last official communication is that they would presumably be applying for RKAB. We know it hasn’t been rejected so the other option is they haven’t applied because the case but with the end of month deadline they really should be telling the market what the situation is if they haven’t applied for some reason.

That’s really quite sad

Just political posturing probably

They would still have Tisma to sell tbf

I think the market is pricing in the state seizing the assets long term so it would pretty much die in that instance. But that would only be if they believed PYX was fully corrupt.