Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Not many laughs this quarter IMO .... although $10M net ain't a bad day at the office.
Ozs 16,900 ( taking into account Christmas+ new year holidays and power probs in S Africa)
Basket $2516 Net revenue $26 Net Profit $9m
Here's another clue
Material uncertainty related to going concern
We draw attention to Note 2 of the financial statements, which indicates that the Board have assessed that the Group and Parent Company will require additional external funding, which has not yet been secured, in order to meet its ongoing commitments and therefore a material uncertainty exists over the entity's ability to continue as a going concern.
There's a couple of million reasons
I never understood those American comic book super heroes, Alter Egos DC super villains or superb hero’s? … until I saw Velo and Quiggers working together… perhaps they don’t know it but they are the same person… shadows in the night. Is spider man a villain or a hero? Is Velo, Quiggers or is Quiggers PGM man? and is velo chart man or vice versa . I bet they’ve never met
PGMs UNDERPRESSURE
Um-ba-ba-beh
Um-ba-ba-beh
Dee-day-da
E-day-da, that's okay
PGMs
UNDER PRESSURE
Um-ba-ba-beh
Um-ba-ba-beh
Dee-day-da
E-day-da, that's okay
Fundamentals are under pressure under pressure
I’ve Bowied out for now but I’ll ziggie back when the PGMs move back to the ‘golden years’ because I think ‘Putin has sold the world’ and it’s all going to end up in ashes to ashes …. I’m thinking of emigrating to Mars … but is there life there? … can we all be heroes?
I’ll put this into non Bowie language: Commodity Price x Volume / demand = profit
This is better than monopoly :- Sales adjustments swing in your favour collect $5.2m Basket price increases collect an extra 2% Interest rates increase take an extra $800k Costs reduce in local currency save an extra 3%. Pass GO and collect 8p
stu \velo My comments were totally misguided and a full retraction has been uncomfortably swallowed this morning.
It was the 8p dividend I was at odds with as it leaves investors with too big a choice ...... what to do at the brink, should I have sold and will it crash 25% - the 8p cat was set among the pigeons, The results are waiting ... is there a game being played? anyway no wine today
Nope we all did as you said in the past and held firm for the long term believing in everything you said……I think a lot of people believed in your words of utter wisdom, the chart nonsense etc ……it’s a pity you didn’t! …..as tomorrow and tomorrow and tomorrow creeps in this petty pace to the last syllable of recorded time and all our yesterdays have lighted fools the way to dusty death … out .. out .. brief candle! Please let us all know when you are back in like the prodigal son …. we all will listen
Because Rhodium is $14000 and why doesn't it track the price of Rhodium? it makes between $50m - $100m a tear and doesn't track that either. I pays a dividend and special dividend every year and yes it docent track that either. Some people say it has too much cash and then it makes some more.......... its a funny old share
THEY ARE STILL AT IT in 2022
H1 2022 revenue of £6.436m is an increase of 94%
· Administration costs increased to £5.767m
they always leave nothing at the bottom of the jar
Never made a profit and never will. THREE more directors already taken on as the other SEVEN or so couldn’t cope and that doesn’t include the admirable Mrs Brandon.
A quick search says he has just bought 10% of a brand worth 10 times what he paid so now he has balanced his books. I didn’t need to Google it !
South African interest rates 6.25% v US interest rates 3.25% outweighs loss on exchange rate of 2% meanwhile SA Bond rates over 2 years are 7.2% .
Also AISC ;SDO operating cash costs per 4E PGM ounce decreased 13% in rand and 15% in dollar terms quarter-on-quarter to ZAR10,075/ounce and $646/ounce (Q3: ZAR11,538/ounce and $758/ounce).
The Company has been looking after its money very well over the years and doesn't put all its eggs or ego's in one basket.
Don’t tell Russia but we actually run out of water here in the Summer and Autumn and then flood in Winter and Spring. We also run out of toilet paper, paracetamol, Petrol and Pasta. The French have their problems too; they’ve run out of Mustard. But really in the Sunshine state you could run your EVs with a solar panel on the roof surely?