Member Info for Billyboy2fromiii

DB,

I still do not get your previous post.
Obviously at this time, although the asset sale has been agreed, there is material risk that the “agree sale price” may not actually be received. The RF etc may not agree to this proposed asset sale and could reduce the sale price (Eg Kinross). That risk is why the sp is currently below the proposed dividend of 1.8p… when (and if) the sale is agreed by RF etc then the sp will rise accordingly as that risk is eliminated. Once the funds are actually received then those funds will be used pay the 1.8p dividend, irrespective of the actual sp that time. Obviously the sp should reflect the money in the bank awaiting the divi and be above 1.8p before the share goes ex-divi at which time it will drop to reflect the remaining business assets (nothing bar a million or two of remaining cash either awaiting a new (small) asset purchase or winding up of Co and distribution of remaining small amount of cash.
BB2

DB,
What are you on?
Should the proceeds actually be received by AMC then the sp will rise accordingly to reflect this. The sp is currently below the 1.8p as there is no actual guarantee the full agreed proceeds will be received.
Your last post is total garbage. Grow up!
BB2.

bonker,

thoughts on PUR? please reply here or PUR board if preferred.

sorry for off topic question.

BB2

https://www.londonstockexchange.com/news-article/JSE/montara-operations-and-corporate-update/15582426

BB2

Hi Chirpy,

Second largest behind JLP. To be honest HUM reminds me of when I was buying JLP. Very unloved but good potential. My confidence to add is based upon my meetings (went to recent one in London) with AK. present. Unfortunately my average is still in the 20’s.
KOR is the driver for me with DUG as a nice back up. Hopefully mistakes are YAN will be learned from…..
BB2

Three top ups today for me, 8p, 8p and 7.97p. Missed the 7.8’s though!
BB2

Unit cost is cost to produce...
RNS states 1,388 t sold for $12,358,000 so $8.90 per tonne.
BB2

BB,

Yes, I saw that figure. However, that is the revenue received from PGM. That revenue will include our share of the JV revenue which is after the JV partner deduction. That figure is therefor not the actual pgm basket price.

BB2

Seis,

In your last post, you mention PGM basket price...

Can I please ask where in the RNS this is actually stated. I must have missed that. Really interested in this figure as lots of posters seen to have different thoughts on this figure. Much rather use a figure quoted in RNS.

Your response would be most appreciated.

BB2

Morning Seis,

Thanks for you continued input, appreciated.

As regards the chrome and copper offsetting....

They are clearly using the chrome revenue credit to offset production costs for PGM. I can understand this as chrome has always been considered a "facilitator" to the PGM.

However, I am surprised the cobalt has been offset against copper. Surely that is not going to be the position going forward. I was expecting a "significant" cobalt revenue (and earnings) in its own right rather than this stated "offsetting".

I am using today's RNS to begin my list of questions to raise at the AGM. This offsetting (especially cobalt) is question number one...

BB2,

Mikie,

I do not understand your comment..

"if the majority of ounces came in the last quarter, looks like we may have to wait another 6 months to see what Inyoni can really do"

The RNS clearly states that..

The Company confirms its guidance of 44 000 PGM ounces from own production for FY2023 with an option to add a further 8 000 PGM ounces from third party processing agreements dependent on stock availability.

So it is there is black and white PGM (OWN PRODUCTION) production target for FY2023 is 44,000. I think you are over egging the pudding by suggesting a lot more than this by stating "see what Inyoni can really do"...

I enjoy your positivity but you do need to remain factual. Not doing so, leads to future disappointment largely due to over expectation.

BB2

DRB,

The RNS states...

The Southern Copper Refining Strategy targets to produce 3 700 tonnes of copper within the first half of FY2023 ramping up to target 10 000 tonnes of copper for the full FY2023 year. If achieved this equates to a 284% increase in copper output..

So H1 2023 copper target confirmed as 3,700
but also FY 2023 copper target confirmed as 10,000 (your assumption of 9,000 is close but actual confirmed target is 10,000.

BB2

Jonah,

As regards the Eland JV...

The RNS states...

The Company confirms its guidance of 44 000 PGM ounces from own production for FY2023 with an option to add a further 8 000 PGM ounces from third party processing agreements dependent on stock availability.

Is the 8,000 PGM oz from third party agreements not referring to the Eland JV ? If so, there is the potential to add 8k "JV" to 44k "own production" to equal 52k total PGM (obviously the 8k at .

BB2

Happy,

That comment (if accurate as I have not seen it personally) does not mean we will receive the full price. Should we receive 80% (again if accurate as I have not seen that stated directly by JLP) then obviously the higher the full price, the better.
I personally prefer to await confirmation by LC of the % price we will receive (and obviously the costs to produce it).
Just conscious that over misplaced expectations can lead to disappointment.
BB2.

Happy,

Can you detail the breakdown of your $200k profit forecast, please. Interested in your calculations....

BB2

Morning Swatton,
Are you therefore expecting a “miss” for the 87k production target for 2022?
BB2

Bonker,

What is GDX/J?
Please explain your thoughts and reasoning.
Interested.
BB2

Hi,

You used to be able to view up to date shareholding info (and recent changes) on morningstar dot com. However, I cant seem to be able to see if now. Anyone any ideas on how to do this, please.
BB2

Guvvi,
Thank you for sharing notes.
Interesting that 100k was mentioned re Yan.
Was it AK doing most of the talking. If so , what was your opinion. He spoke well at the AGM and did give me confidence that he will “sort” Yan out.
BB2

Agri,
Thank you for notes.
The rainy season is typically June to Sept with most rain normally during July and Aug. Really do hope that this passes without major issues on Q3 production.