Member Info for BPat890

Looking likely to arrive before news does 🤣

@Moneyman - hope it’s just Blackrock trimming their overweight position. The last quarter’s ride was an exciting one, must have been near or top of PM indices! Similar to a lot of articles around they may be of the view platinum won’t sustain these gains and taking profits to invest elsewhere is the prudent approach, however they would have to ignore the improving company performance and near term outlook with Thaba chrome production forecast last quarter. I’m not convinced they made the right call

Lead and Zinc production revised down by an unknown amount although looks like a 5-10% difference based on last year. Zinc and lead prices are struggling this year too, down around 7-8%.

The flip side being copper is up 22% in that period with a decent move after Trump announced a 50% copper tariff. Copper revenues are a larger chunk of the pie as someone below mentioned.

Uncertainty over the NWR takeover and short term costs which will impact dividends

On the numbers you shared, the US make up a fraction of global copper imports however they still need to import going forward and at a price 50% higher, hence a sudden rush to fill inventories.

Sudden 10% surge in copper futures

Crazy spike in the last hour!’

🤣 Conman is right Buster you should definitely sue him for spitting facts!

Serabi has multi bagged harder than any goldie except for Metals Exploration from bottom to top over two years!!

Awful deal! Board should be ashamed of themselves bowing to the first official offer. No thought has gone into the value proposition over the next year or two. They just want their sweetener today and to ride off into the sunset. Hope another major comes along because this is frankly basement bargain pricing for a multi-generational tier 1 asset in Europe, strategically placed and set to be the largest silver producer in the region

That Energ ran received notice from the authorities to cease activities due to what could be credible threats against Israeli infrastructure is worrying for everyone reliant on low oil prices. If they go after each others energy infrastructure then we could easily see oil over $100/bl! I think that would be an end game scenario for either side though so as the consequences would probably lead be all out war

A week to go before news either way, quiet before storm? Holding irrespective of a deal is sound strategy with silver at the current highs of $36 and the other positives mentioned by rax below

6 weeks suspended processing takes us into Q3 and it could be a while before Mara Rosa is back up to 100k ounces per annum production rate, perhaps even end of next quarter, which might suggest 70koz is a likely revised estimate.

Q1: 16koz

Q2: 10koz

Q3: 19koz

Q4: 25koz

Uncertainty rules supreme, at least it does today after that update. Buy at 240 for a second half recovery content with the reassurance PM metal prices are expected to continue higher and group margins would have been better than forecast OR wait and see just how bad Mara Rosa situation gets..

Spot on about the gold element! Metal prices are flying today!!!

It’s an interesting time to buy following the last quarter results. “Energean is focused on optimising the cost and efficiency of its operations to maximise free cash flow” this is to get on top of a target year end net debt of $2.8bn. Gas prices are very much on the up this year and normally continue rising into the back end of the year, even holding current prices would be positive for Energean cash-flow over the coming year. The oil price is looking more stable now. Revised guidance is out of the way and the uncertainty around the strategic sale is now removed. The risks attached remain, Israel

is still facing off the threat of hostile states ans affiliated groups but it looks less precarious than it did this time last year. I am keen to buy more below 900 if the opportunity presents

Sitting on fingers can be painful, always practice safe sitting, hands are preferable

Wow that’s a deal of epic proportions!

Three years to first production, financing mostly in place, significant NPV and short payback! The US administration want more self sustaining production over imports, great time to acquire a US copper project ready to go!

Pt $1,055

Pd $1,026

Highest PGM basket this year??

After hours release confirms DPM has until the 17th June to make an offer.

the "Company") notes the recent announcement by Adriatic Metals plc ("Adriatic") and confirms that DPM is in discussions regarding a possible offer for the entire issued and to be issued share capital of Adriatic.

There can be no certainty that any offer will be made, nor as to the terms on which any offer might be made. This announcement does not amount to a firm intention to make an offer under Rule 2.7 of the Code nor does it impose any obligations on DPM to make an offer.

Rule 2.6(a) of the Code requires that DPM, by no later than 5.00 p.m. (London time) on 17 June 2025, being the 28th day following the date of this announcement, to either announce a firm intention to make an offer for Adriatic in accordance with Rule 2.7 of the Code or announce that it does not intend to make an offer, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies. This deadline will only be extended with the consent of the Takeover Panel, in accordance with Rule 2.6(c) of the Code.

Statement regarding press speculation

The Board of Adriatic Metals plc ("Adriatic" or the "Company") notes the recent press speculation and confirms it is in discussions with Dundee Precious Metals Inc. ("Dundee") regarding a possible offer for the entire issued and to be issued ordinary share capital of the Company (the "Proposal").

To facilitate such discussions, Adriatic has agreed to provide Dundee with access to limited due diligence information. Discussions remain ongoing and there can be no certainty that any firm offer will be made, nor as to the terms of any such offer. Further announcements will be made in due course, as appropriate. In the meantime, the Company's shareholders are advised to take no action.

In accordance with Rule 2.6(a) of the Code, Dundee is now required, by not later than 5:00 pm (London time) on 17 June 2025, being 28 days after today's date, (or such later date as may be agreed by the Company and the Panel on Takeovers and Mergers (the "Takeover Panel") in accordance with Rule 2.6(c) of the Code), to either:

(i) announce a firm intention to make an offer for the Company in accordance with Rule 2.7 of the Code; or

(ii) announce that Dundee does not intend to make an offer for the Company, in which case the announcement will be treated as a statement to which Rule 2.8 of the Code applies.

This announcement is being made without the consent of Dundee.

As a consequence of this announcement, an 'offer period' has now commenced in respect of the Company in accordance with the rules of the Code and the attention of shareholders is drawn to the disclosure requirements of Rule 8 of the Code, which are summarised below.

Yep squeeze happening in real time and with Sylvannia on the cusp of unlocking Thaba JV value. Buying before the rerate