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My highest top up was at 3.95. Absolutely no regrets because I know it’ll be going for multiple times that quantity.
Some people had 10million share and now hold 5 million , giving them £125k profit and a free ride. If I were them I wouldn’t be worried about an entry point of 2.45p.. but that’s just me; I’m not overly greedy.
80p is a lovely target, not sure who or where that came from exactly: I suspect 55p is more realistic. But given the climate of Palladium.. sky is the limit.
Please research:
- Norilsk Nickel
- previous Palladium plays
- how much they went for price/oz
- how cheap our extraction vs profits are.
And please do your own research. Goodluck to the sticky hands who know what’s around the corner.
Best wishes,
Joey x
People would rather wishbone Dmitry a very happy birthday than read any garbage that comes out of GaryN’s mouth
All I saw today was more shares than I expected for my top up. company in a closed period and who knows when they will drop the next RNS. We are only expecting two.. and one of them is THE ONE
1) anders: RE: Tax. I am not sure, that’s why I said it could be less. I am being very conservative - therefore if there is no tax we can enjoy 20% of whatever calculations you or I use
2) Dealer55 “If it was all that simple why on earth are we at 2.5p”. You’ve been here for a while
- you have seen how we went to 4p numerous times on far less (extremely positive) news.
- You are aware of the SP manipulation
- you can check the identical graphs for the past few weeks
- you can see how many green boxes came out the woodwork in the last month or two
- you may refer to previous posts on MM, shorters and such, and how they are extremely - for lack of a better word “SCREWED”
- moreover - our SP Should be a reflection of our predicament based on going at it alone, with a little raise because of expectation. But when our asset is sold for a fair value- the share price will mean jack diddly. It’s highly disingenuously to use our share price to counter a conservative and fair mathematical valuation, benchmarked against previous deals. Which is not only logical but advised by Dmitry Sushov
3) yes a deal isn’t confirmed: well, my post is obviously based on a deal going through. Which based on what we know about:
- palladium climate
- South Africa
- precious metals boom
- supply deficit for 8 years
- lowest cost mine
- negotiations progressing well, as confirmed numerous times in RNS’
- Banks still working for free
- company been in a closed period for weeks
I can understand your expectations to be low. I assure you, I try not to “ramp” and in order to not get my hopes high I use the Brokers target of 12.75p, to 20p (like yourself) - and that’s if the BoD got really drunk and gave MT away for peanuts.
I purely suggest these figures, as I mentioned, on a FAIR and perhaps minimalistic valuation going by the fundamentals outlined in previous interviews, sales, RNS, and palladium crisis today.
Dealer55 - “all the talk of 30-80p guys seriously thats pie in the sky we can’t hold 3-4p”
Whilst I agree that 80 is a bit out there, do you honestly think 30p is pie in the sky?
How much do you feel the company would sell for - under $1.8bn dollars?
- $1.8bn = ~£1.4bn
- 80% = £1.116bn
-(20% tax, which could be less) £893m
-Banks 5% -£848m
- EUA 5% for moneys in the bank (which will reflect in our mcap so still raise the sp) =£805m
- ~28p
Which is under 30p, you’re right. But would you honestly feel EUA would let it go for under $1.8bn?
Based on 15moz - that’s $120/oz
“on a per resource ounce basis, Implats’ bid for NAP ($214/reserve oz 3E) was far more expensive than Sibanye’s purchase of Stillwater Mining ($100/oz).
On an enterprise value (EV) basis the NAP acquisition equates to $197/reserve oz, much closer to the value of the Stillwater acquisition of an estimated $135/reserve oz”
So just a 20% rise compared to stillwaters acquisitions, and almost 50% lower than NAP?
Also considering:
A) Stillwater also had lower all-in sustaining costs at steady-state of some $575/oz (compared to $800-900) (64% and ~250% more than EURASIA)
B) Stillwater at the time of purchase was ~$700 (compared to today’s circ $1950)
And NAP At the time of purchase was approximately $1750 (almost $250 less than today’s price - this increase is actually about 70% of our production costs)
Therefore: each had lower palladium prices at the time, and each costs much more to extract than Monchetundra. We also have an extra 5moz within our radius which we can apply for, and a likelihood of an additional 20moz within the vicinity.
The company have told us it puts us in a totally different league of palladium mines in operation- which is why it’s probably tough to put a price on it. It’s a monster.
But I would highly doubt they would sell it for an equivalent of LESS than the previous deals. Therefore a minimum would have to be around 30p. What do you think? And how would you calculate our worth in terms of SP- If 30p+ is too much?
https://www.miningmx.com/news/platinum/38824-how-does-implats-lac-des-iles-stack-up-against-sibanyes-2017-stillwater-deal/
https://www.mining-journal.com/pgms/news/1373052/implats-to-buy-north-american-palladium
PS. Although we are less developed, it is very easy to get going, we’re lucky to be in a Palladium rich region with the biggest Palladium producers in the world beside us, along with a refinery.
There is a good chance there will be imminent great news!
- negotiations are progressing well
- as today’s posters have confirmed, Palladium is smashing new highs (AGAIN)
- the buyers are rushing, as they know each other and what we have
- the banks are working for free, still.
- we appear to be only a couple of RNS’ away from coming out of a closed period: if negotiations are going well, then it means a deal is unlikely to fall through. Inherently meaning a deal/asset sale is imminent
Our special divs:
- looking to be a multi billion sale and so naturally, after 80% ownership, taxes, bank fees and a healthy chunk for west Kytlim and other projects, this is looking to be multiple times of our Optiva/Credit Suisse Broker notes of 12p!
- special dividend means we still get to keep our shares, which will be worth keeping even afterwards because of West Kytlim being 100% funded and owned
- special dividend part 2 hopefully one day, if we get licensing for Volchetundra
Anyone might think we are invested in the best share on AIM. With a VERY possible 20 fold increase from today’s share price. Please read the RNS’s - which are very positive. Along with the mood at Eurasia (who I am sure are aware at the manipulation at play, but probably don’t care seeing as they will be laughing hard in the not too distant future)
Hodgey, my account previous account was also deleted because of calling certain people out.
I do not mean to say that anyone who hasn’t posted is not a user. But when combined with returning (after the September RNS’s) and having a negative twist to each message, along with almost exclusively making subject titles (which isn’t wrong in itself), and being inconsistent and lying in posts - it can get very suspicious.
Of course there are people who do not comment. But when they do, I doubt they would return after months to say things like “I feel this will start to drift”, “this will tank” and such.
Hope you have a great weekend
In an Oscar-worthy showing, palladium qualified on Thursday as the second costliest metal ever, beating gold after an eight-year struggle. Two nominations now await the auto-catalyst metal: Best Performing Commodity for 2019 and $2,000 Metal Award.
Both titles appear to be within palladium’s reach as its futures are now up 63% on the year — more than any commodity — while its spot price was at a record of $1,966 per ounce at the time of writing, less than $35 from the magical $2,000 target.
Palladium Futures Weekly Price Chart
But given the unpredictable nature of commodity markets — and the sheer volatility possible sometimes in a day — palladium might achieve just one of these
At $2,000 an ounce, palladium might well and truly beat spot gold’s September 2011 record of $1,920.80.
But it will still fall short of another precious metal that had set even higher historic peaks before.And that metal is platinum, often described as sister-metal to palladium. Platinum had gotten to as high $2,276 per ounce just before the financial crisis of 2008 — a record not many may remember or even know, given its contrastingly poorer standing now to palladium.
In Friday’s trade, platinum was cheaper to palladium by more than $1,000 an ounce. This despite it being the original leader of the six-metal Platinum Group Metals (PGMs) which includes palladium and four other metals that are chemically, physically, and anatomically similar — iridium, osmium, rhodium and ruthenium.
The disparity between platinum and palladium is even more astonishing if their basic functions are taken into consideration. Both are essentially auto-catalysts and emission purifiers; only that platinum is used in diesel engines, while palladium works best for gasoline-powered cars.
Platinum May Have Been Pricier Once But It’s Too Far Behind Now/h2
The Volkswagen (OTC:VWAPY) diesel emissions cheating scandal of 2015 had severely impaired the reputation and output of diesel cars along with prices of platinum, which have never really reached their full potential since. A ramp-up since in electric vehicles has also weighed on diesel cars.
This year, as palladium crossed $1,300 territory to set record highs almost every month, if not week, due to critically short supplies coming out of Russia and South Africa, talk resurfaced about the potential of cheaper platinum substituting palladium.
But automakers argued that entire engine and emissions processes might have to be retooled for such purposes, incurring time and expenditure that wouldn’t be beneficial compared to palladium’s relatively small cost component in a car.
So, What’s Behind This Crazy Palladium Rally?
Continue reading at link:
https://uk.investing.com/analysis/can-palladium-win-the-award-for-best-performing-commodity-in-2019-200435394
I previously ventured a guess at 31p but given today’s current Pd price and what’s happening with South Africa’s supplies - I’d say 40p (although I’d of course be glad with a little less)
Feel free to plop a fun prediction of what you think MT is worth as a dividend
(Note: what you think it’s worth; not what you would be happy with)
You notice the subtle deramp, people who say they’ve invested for years but when you look back, they haven’t posted on EUA at all.
Mather of fact, you can identify these people because they create new Subject titles, and get paid for replies on their thread. Suggest avoid directly replying to said people who try sow doubt and discord.
A balanced view is healthy, when there are facts to back it.
You might also notice a repeated disclaimer of “ive been invested for years” “heavily invested here” etc. A bit tiring, but amusing on a Friday afternoon.
Have a great weekend everyone. We’re okay for now, and we will rocket in the near future- in my opinion, based on the facts provided to us, of course
:)
Amers normally always replies to derampers and talks about football. Switching from ramp to deramp. Today I have filtered him too
Topping up Monday morning first thing. Twitching to do it right now but I can’t.
Keep doing calculations and we are worth north over 30-50p! Love it, everyone’s holding or adding, hardly any sells. Shame the derampers haven’t moved on.
Montechundra has 15moz of Pd, and only a matter of weeks before we get our flanks RNS- which multiples MT value 7.8x fold! (Severalfold, as per RNS’).
Today Pd has breached $1970 and we’re tickling $2,000. Since negotiations RNS in September, we’ve increased the in ground value for over $3bn for 15million ounces of the beautiful stuff.
Today the in ground value of the puny 1.9moz is $3.7bn !!just a few % of that is our mcap. Flanks would rocket this to no mans land.
It’s no wonder MM’s are forced to use a combination of a slow and predictable daily SP graph, along with a few uneducated interns spamming this board to try everything they can to suppress this ROCKET.
Palladium is high and that’s all that matters. Lower SP will make us richer if you decide to top up. Safe to say the share has found sticky hands.
Watch the green boxes and sub 10 post accounts follow, to try and bury this post.
Viva la #EUA
WHAT A TIME TO BE ALIVE. best XMAS AND 2020 TO FOLLOW.
I’d say GLA - but we don’t even need it
Calling all EUA holders! I am sooo desperate - for more shares. I am hungry for more every day. I have maxed out my ISA. I have gotten all my family to get shares (everybody is UP!) even though they are sitting on an enormous profit.. I NEED MORE.
I ask you, fellow EUA cult members - to help Brother Joey the Joker. It's a pathetic situation to be in I know, money isn't everything. But I just want MORE shares because this will make me a millionaire. Am I wrong to want to be a millionaire? Next week, when I get paid again, I'll be buying another block. So will some of my family and friends who have seen and read the fundamentals of the company.
I just can't help myself. My holding is a fair amount now, much more since the last SP manipulated drop. I do hope they're as excited about the asset sale as me? This isn't something trivial, probably more serious than Gamblers Anonymous. My gosh - my palladium pants are bulging and they don't want to stop growing. How many Billions will Monchetundra go for? Who knows.
I tried to look at the fundamentals and RNS's to stop my conviction. But there are no negatives - if we mine, I become rich. If the SP drops, I will accumulate even more shares - and I will be rich. If we have an asset sale even close to Dmitry's original investment of 5p - I will be rich. 10x of 5p (50p!) wow - I will be.. you guessed it!
Please help me find something negative? Because every week I just keep buying at these beautiful low and undervalued levels. Sometimes I think I am the only one but then I see numerous people who see the same thing. It's like being a shareholder who believes in the companies value is like being in a cult! You know.. a cult like a group of people/person using multiple log-ins day in day out to push a specific negative agenda. I really don't want to become that though, I think my problem of wanting to make EASY money far less horrendous.
Seriously, please tell me someone help me in the EUA meeting or MoneyMakers anonymous, using a serious mathematical calculation to show how an asset sale (using todays Pd price) would be for less than $1bn? Otherwise I fear, along with others, I will just keep punishing any dips I see and increase the holding even more.
I AM DESPERATE FOR MORE SHARES, and I LOVE THEM WHEN THEY'RE SO CHEAP.
If you listen to the interview carefully;
"Basically, it's something that we don't need at the moment - this $50 SUBCONTRACT- It's a $50 million SUB-CONTRACT AGREEMENT. And the point is that we don't need this cash. We currently have more than enough, and that's why we are considering options to pay dividend."
Moreover, if you listened to it right before, he says "We are not rushing into this first payment for a number of reasons".
Therefore; the sino-steel contract will NOT be activated, there is NO need for the sinosteel Sub contract agreement.
How anybody would (still) think that this means "hey- We will activate the agreement [when he said multiple times he won't], we will get $50m [which he said they don't need], we will give it to our shareholders [when he said consider a dividend, in relation to their already existing surplus cash]" bamboozles me.
I add more every week. And shall continue to add copious amounts until the asset sale.
This will very likely 10 bag quickly. Can't think of a better share out there with better future prospects? At the risk of cross ramping... is there one out there that will give an exceptional dividend in the near future, as well as allowing you to keep your shares in a highly profitable product - with the likelihood of a rinse and repeat?
Wow. I can't think of any. Imagine the SP drifts. All the holders will love it because it means more top ups for the shares. But sadly this will only rise rise rise so I'll just have to top up at higher levels, oh well.
Looking forward to the multibillion asset sale for MT. Not long to wait now. OR not long until mining season commences.
Win. WIN.
You have yet to show where he mentions that the $50mill from Sinosteel would EVER be used to give to the shareholders. Dmitry did not say that, and if you take a few minutes to listen to the video and time you posted - you will find this as well.
dmitry said explicitly, "we don't NEED the contract, we don't NEED the cash".
Krayl have you got your version of the transcription? Ps did you start with 10m million shares at 0.5p? Just wondering how you got to 9 million shares at 0.65p by doubling your holding?
DMITRY:
With Sinosteel we signed all the final binding documentation, which allows us to receive the first payment.
We are not rushing into this first payment for a number of reasons.
1. We are not in need of any cash, in a good financial position
2. Therefore they are considering different options, reviewing which is the best option for us to pay dividend: because not only receiving cash flow from existing operations but also recently exercised warrants. Now we have a pile of cash which, it makes sense to give back to the shareholders. Basically something that we don't need at the moment. The point is that we don't need this cash, we have more than enough, hence dividend options.
3. Works we are doing now with CKE are sufficient to move us forward, in terms of the preparation to the mining.
4. Also we are in discussions, as announced, for example with Lesego Platinum AND some others, and those companies have their own views in terms of which company should be a contractor. And some of them like Sinosteel (like us), some of them have other preferences - it's not that Sinosteel are good or bad, some companies have their own preferences and their own experience.
So we are not rushing with moving ahead with Sinosteel. We are doing work with different contractors in preparation for mining. At the same time, we don’t need to rush into it. When people rush into it, they normally make mistakes. So, we want to do everything properly.
PS. Since then we have had Sinosteel updates, as you, a considerably large holder, are aware
Did you transcribe it? Because I transcribed the whole thing and I assure you - he did NOT say that.
So interesting to see how you came to that conclusion.
I’ve been holding these golden tickets for many weeks. I have > than 90% of my portfolio invested. I have listened to the same rubbish again and again from paid or sour-derampers.
I regard this EUA as more than a 'punt', a bet on a horse where you can five- ten maybe twenty bag your money. I smile when someone posts that they have spent 20k 'topping up' at 2.8p in EUA. FANTASTIC!
only a very smart person would do that. I Strongly promote the language; 'fill your boots'; 'GLA', 'IMHO' and 'DYOR'. It's like loyalty to your research and beliefs are important when making money!
There are always the hinderance of greedy diet-Coked up Market Makers and other evil forces 'shaking the tree'. It's hilarious but entertaining. It's very sad that they exist. After you’ve made a crap load of money here - put few hundred into a stock that is stable and pays a dividend, like our friends Norilsk Nickel - and forget about it for a few years.
This is that horse you’d back at 20 to 1 and WIN all your money and make a small fortune that you will use on the next horse- to hopefully make you even more.
What you have here though is an environment where you get to chat to people and share quality research, despite the occasional (and mild) parasitic infestation.
GLA!!! DYOR!!!