Member Info for bangrak

Been watching this one for months. Total cash plus receivables minus debt = $162.8m or £134m = 11.4p a share. Cap is £166 14p. This is very cheap BUT the industry is struggling to sell some stones and diamond prices have been pulling back. Very tempted here but poor liquidity troubles me.

3rd cheapest i should say, Uranium is pennies but as the world seems to be intent on breaking its legs, poking its eyes out, and pushing sticks in its arse then we will ignore Uranium.

Meanwhile, over in the world of gas, the food that's usually fed to the power machine that eats it and spits out power to keep the lights. NBP is now averaging over 400p on futures for the next 12 months, TTF $50, asian $44. making Gas real expensive & RB coal the second cheapest source of food to US gas by a very long way. Coal is very very cheap now v gas, prices can and will go higher IMHO. 1 ton coal $312, same energy equivalent in gas = NBP $850 Asian $770 TTF $880...........

Good question...........CU price - AISC + EU gas reduction = Not at any time now for me until huge changes happen.

Dan maybe try looking at what the copper price is and then subtracting the AISC from this (this is not cash cost btw) you might find the number is quite small or actually non-existant as I've highlighted, meaning the likely eps is nearer to absolute FA and that is why it is going down. unless copper goes up quite a bit or costs come down its profit isn't there.

ATYM AISC is now being revised up 5-10% from the original $2.75 to 3.05 range and copper at $3.26 on futures. That's about all I wanted to see in the results.

17k cubic feet of gas generates the same energy in a light water reactor as 1t of coal. 17k ft spot costs between $600-900 (NBP TTF Asian). 45.2% of UK electricity came from gas at 9 am today. At $300 it's cheap and at $286t this was making £2m a day.

NBP futures taken over the next 1m, 6m 1yr ahead giving me 324p a therm, allowing for whats hedged the offer is too low by quite a long way. Been said many times that gas was looking 200p+ despite what the brokers said. Andrew did me very well in RRE I like his style, shame they cannot allow him to join. Do something with the cash 10)% behind buybacks

Whatever your views on the markets, we have to keep the lights on, the lights will only stay on with food going into the power stations, 40-50% of the food used to make electricity in the UK is Gas, there are alternatives but when you look at global Gas & LNG prices (NBP TTF Asian) they are prohibiting countries using it for power generation now, where I live the cost of LNG is now greater than they charge per KWH, we have started to have intermittent blackouts, they are switching to oil. The metal industry uses huge quantities of energy to manufacture metals, and so do cement, paper pulp, and chemicals/fertilizers. Putin will do whatever it takes to keep the prices up, and America will fight with algos attacking oil prices daily.

SP is driven by profit, profit is driven by the price of RH, RH is driven by demand mostly in China with new ICE vehicle production/sales. People/businesses buy cars/vans when they have money and the future looks good. Recessions do not usually result in big-ticket purchases. China is failing in its Zero covid approach and huge bond payments are in default. The reverse is Gas & Coal.

The penny seems to be dropping amongst many so-called "experts".... the world needs coal more now than ever and the algorithmic slaughter of oil continues daily at US open. It's like the government has some secret weapon forcing the price down. See what you see, don't see what you want to see.

"SLP is worth a couple of quid more- longer term IMO only, but wouldn't like to be drawn on how long"

At today's basket, you would need the market to value this on a pe of 14 or a pe of 8 with Rh at £29k to get this extra few quid, considering it's pe has averaged 3-4 for 6 years it would be difficult to reach unless production is 140k.

What does the UK or any other country do to keep the lights and internet on this winter?

its SUMMER there....
61% of uk electricity today at 5am came from burning gas, 4% was coal, the coal-burning has gone up from zero to 4% in a week. And coal prices will do what?

With gas prices in UK EU & Asia now set to stay high for 2 years, the entire planet is after coal. 1 ton of rb coal $354, it's actually still 40%-50% cheaper than the price you need to pay to generate the same energy from Asian LNG 17.6 mmbtu, TTF or NBP 176 therms. The entire planet should be using uranium which costs $51. Utter mess approaching, stay in Gas & Coal.

Even if you use the next 6m & 12m ahead futures prices you're looking at an average of 354p. NS1 gas flows just dropped to zero according to tom mm.

Gas is now priced at very high levels (200p+) until April 2024 but brokers still using much lower prices for NBP in their calculations. I saw 80p in one valuation. How wrong are they going to be again? Completely detached from reality.

signs were given when the major holder bailed out and there seemed to be a lack of real communication about the placement of the new shares. Potential to be really good, but copper and aisc are too close. What's going on in the eu is very serious. eps here today is about 30p, I cannot see this moving up until the whole energy issue and china is resolved and I cannot see that happening for a few years.

"If the ASIC is still at that level and/or if copper drops further, then ATYM is no longer a cash machine"

I don't think its a cash machine right now at this level, the risk with high energy prices is too great, the warning signs we

88.3p is the POC on a 3m view and coincides with an anchored VWAP @ 88.6p from the covid crash, maybe watch that area. Palladium has done something interesting but it's not enough to make much difference to the profit here or make this 60%+ attractive. There will be a rise here but not enough to sustain it much past 90-95p (20%). THS is better value, I'm still not in any PGM's. Keep an eye on eye-watering inflation, global recession, much higher energy costs, and repeated china lockdowns damaging prices on anything linked. Funny world now, this is the new normal many didn't see coming.

Cash was about £800m in June. At $291t (futures for RB next, 6m ,and 1 year/3) it's making about £2.1m a day so I would say nearer a year. However, if you are bullish and use $346 next it's £2.48m a day so nearer 8mts. A fairly large investment here from the sub 300p summer so tend to follow it very closely.