Member Info for Awstin

Aston - when I saw your post what came to my mind was:

A 'thickness' of Market Makers

As thick as .......

Another bounty for EUA.

https://www.mining.com/web/trafigura-sees-green-copper-supercycle-driving-prices-to-15000/

RMR - Tanks for sharing.

Do you think we can deduce from that that EUA have an upcoming mine plan for WK, inferring that they are hanging on to it?

Thanks for the chart lovelyboy.
I'm not sure of the predictive value of charts but as a chronological history it's great.
Cheers.

Ducter
Applying for mining licences is EUA's basic trade.
The more licences they hold the further they can extend with the 5km exclusivity boundary principle in Russian law.
The further they extend the smaller the chance of a competitor buying the next licence along, effectively blocking EUA's advancement.
The buyers will appreciate this as they would continue the process to secure further licences when they take control.
Good business sense that adds value for EUA and the eventual buyer.

RMR

Exactly, but also consider that whoever buys MT, especially if it's NN, can exert control over future supply and keep the prices high.
This is why NN would pay top dollar for MT, to squeeze out the competition.

Good find GreggsStottie.

If it isn't it should be!

Composted.

Avizandum1,
I remember reading a few months ago that prior to WW2 the mine at Kytlym produced 10% of the world's platinum. However, not enough men came back from the war for the mine to be reopened.
I've been looking for the article that I saw but, sod's law, I can't find it.

I have a link to an article about a geologist called Mikhail Pavlov who photographed the area.
One photo shows the rudimentary conditions in which two women clean the ore in a wooden sluice.

https://www.wdl.org/en/item/20585

I would imagine a much higher rate of ore recovery from modern machinery.

If EUA was to continue mining at WK I don't think they would need a JV as the profits from the sale of MT would easily finance the development of the new open pits.

Just imagine WK producing 10% of the world's platinum, without reference to the other PGM's, in this day and age.

That would do nicely!

Indeed adamadd
I wasn't going to top up here until the new ISA allowance next month but at these prices I couldn't resist.
I'll Bed and ISA them in April as by the time the new ISA allowance comes around it would be too late and likely that the price will be pushed higher on/for the new ISA buying alone.
I'm going to need a bigger shed .....

Wrightorleft
My riposte was in the same tongue in cheek manner. I was thinking that he buys his sunglasses from aliexpress.
If you look at my post at 13.45 in reply to Year2020's Friday Bingo post you'll see my thoughts on a £35 final price, I too have hit the calculator with it in wishful thinking.

Two inches from his goochy sunglasses?

Kidster
You can only have one s&s ISA. It continues into the next year.
Your new yearly allowance will be added to it at the beginning of the new tax year.
If you haven't filled all your £20k from this year you are not allowed to carry the remainder over i.e. the total allowance for next year is £20k

Most of us will have read the RNS's and we're still here at the end of another week where the SP has again been tightly held in a narrow range, due to MM manipulation.
We wait for the non binding offers to proceed to binding and some of us are getting itchy feet as the process is taking so long but the question, as always, is 'would they want to be out of this share over the weekend?'
Like the BoD, I'm holding on to my golden tickets until the end as I don't see any downside.
EUA hold all the Aces, especially with Rhodium nearing $30,000 per ounce.
As for £35 per share, that's wishful thinking and wishful imagining: how many of us have run it through a calculator and thought, if only.
Anyway, Good luck all and Rums all round.

Bingo!

Exactly Magnum.PI, No drama!
NN have workers to spare at Monchegorsk, where, in the locality, could they employ them?

Another article on this subject with a little more background information.

https://thebarentsobserver.com/en/industry-and-energy/2021/02/nornickel-gears-green-race-closure-old-copper-smelter-monchegorsk-will

Got it. Thanks mac.

Thanks for the updates Mac.
I've bookmarked both sites so should be able to find them without too much trouble.

You are one of the stalwarts of this board, keep posting the facts. The trolls don't like it up 'em!

Aah, thanks Mac, I took my spelling from the EM website.

Hi Mac, thanks for your link to the satellite. Had a look at Monchegorsk which is covered in deeper snow, like you said. I now want to go back to West Kytlim but it doesn't seem to accept the name. Do you know the Russian name of the area?
I have tried Malaya Sosnovka and Kluchiki but the search engine doesn't recognise them.