Member Info for cj62

I have just done a few little calculations regarding the trucks and only because i am bored.

If the mining plan is to mine 1 million onces of PGM / year and i have taken a ratio of 1 g PGM/ 1 tonne for ease, that equates to 26,000.000 tonnes of rock to move (26 g / ounce)
Divide that by 20 trucks = 1,300,000 divide that by 50 tonnes = 26,000 round trips / truck / year = 520 trips / year
Assume a 7 day working week = 74.2 round trips / day. If 24 hrs /day = 3 RTs /hour which is feasible dependant on RT distance.
Having worked in and open cast mine in a previous life that is a very onerous task , so i would surmise that Triple or maybe 4 x that amount of trucks would be needed to comfortably transport that volume of rock.
Then they would probably need at least 4 of these babies
https://www.hitachiconstruction.com/wp-content/uploads/2015/11/EX5500-6_specs.pdf
Mindless i know but it may put it into some sort of perspective for people
Now thats an awful lot of round trips

Coulda Woulda Shoulda.

Hindsight is a wonderful thing

And looking ahead does anyone know any Cheltenham winners for the up and coming meeting ? Hopeful EUA will have come in by then and we can all lump our gains on a horse

Good Morning All.
Not looked in for a couple of days and it appears we hit stormy seas again and the MMs showed no mercy. There has to come a point where the float is dry and the SP must rise ,surely frustrated PIs cannot keep feeding the mouths of the many hungry IIs that are presently devouring their stock.
Hopefully the reverse will start today.
Anyway timewise they have another 17 months to complete as i always intended to retire at 60. So my feet are positioned comfortably on the office desk with tea in hand (Not very busy at work) awaiting the biblical outcome.
GLA and have a nice day

Will the mighty Blades beat the Nancy boys from west london at BDTBL.

Ladies & Gents.
As the title says just Relax and ignore all the noise from our incumbent tic.
What will be will be now as I believe all sides now have all info required to place there knock out blow to there opponents. So rather than discussing something you have absolutely no idea about and cannot influence, try and find something more interesting to debate.
The end is nigh so worry not !!!

Good morning all , I am not going to ramble for long.
Positive :- The company is sold / JV d or whatever we get a paid for an outright sale / special divi / share When this is open to debate but I think latest early march for full completion. We all sail off into the sunset !!
Negative :- No Sale . SP dips to about (my estimate without seeing the DFS) 14 p (ouch for those in at 20 p and above) but progressively increase to around £ 2/3 within 2 years Then the divi starts rolling in (going by previous mining plan 1 mill ounces / year) 66p / years .
Now if thats A NEGATIVE feck me do I like negative but it does depend how long you are prepared to wait for you cash and some on here seem to think we have waited too long already but me my feet are up POSITIVE OR NEGATIVE I JUST DONT CARE.
Have a nice weekend everyone and GL

@1307 You state that people will lose money on this share , could you please tell me why they will lose money.

First and foremost Bullying is wrong but has the person who is on the receiving end of said bullying thought about switching off their computer or come back under another moniker ?? !! Bit like people who complain about TV content JUST switch the fecking telly off or at least turn to another channel because god knows theres enough to choose from.
On these forums you can say what you like without recourse , it amuses me to see some of the petty squabbling that goes on and then it makes you think that these people are supposedly adults but they arent really.
So the next time you feel you are being bullied either switch off the computer/change moniker / channel or grow some ba!! s and punch them back as hard as you can.
If you cannot do any of those I suggest you find another hobby because thats life as we know it , faced with a never ending deluge of keyboard warriors.

I am sure there would be a slight uplift in the SP if it were true but i would be extremely happy if it was , still be happy with 80p.

No PP but i went on the on in Kos Town , did suggest having the party there as that would be a blast !

@Philsimon I will second that. Had to wear ear defenders for the last 6 days there been so much noise. Hopefully everyone else has kissed and made up too ?
Lets hope for the Biblical outcome sooner rather than later , so onwards and upwards EUA !!!!

@GOBITL my fear is the MMs are just going to ram the SP straight through the 20p Line. Its brutal !!!!
Looking at LSE & EUA trade data the buys are far outweighing the sells as the buys are well above the median so the MMs do not give a flying feck. Its replicating Fridays trading.
If it continues I think the BOD hand will be forced into some sort of defence , it has to.

You lot still at it , almost 700 posts on a sunday. Is that a record ?
In until the end come hell or high water , preferably high water !!!!!
GLA for tomorrow

I have just read and article in the Times regarding the wallstreetbet and gamestop.The regulators concerns have grown that prices could be illegally manipulated.
I have to admit the betsboys are really sticking it to em and giving the hedge funds a bit of their own medicine.
Shorting needs to be stopped and the manipulation of this share is fecking outrageous but the FCA will do feck all.
Interesting who will blink 1st though

Crabby regarding the CIA you should watch narcos & el chapo , fecking unbelievable what the CIA sanctioned. The corruption was unbelievable they actually nearly made El chapo president of Mexico.
Anyway onwards and upwards EUA !!!!

Crabby08 If you think Russia is corrupt don't buy any shares in the African continent.

It appears that the market forces are working in reverse as the more buying the lower the SP goes. I dont have L2 but i have looked at both the EUA website and the LSE , everything is a buy apart from the odd sell as the buy price is clearly above the median.

HL is sh !te

@1307 i believe you may have been watching too many films

@ThirdRock
I agree there is risk but here if we dont get the required RNs so be it , take up the sinosteel contract and mine ourselves. THe risk here is how long can you let you money ride because if we mine the returns are going to be far greater than if we get £1 / share now.