Member Info for davidpqz

Bank debt usually comes with conditions attached and the banks can be ruthless in pulling the rug when things turn down. Personally, I'm happy with the placing and looking at the way the sp is bouncing back this morning, the market seems to agree.

I don't think the sanctions will ever be lifted on Russia - at least not until Russia has been reduced to an economic midget. What has happened is unforgivable or at least, 'unacceptable'. Putin has proved himself to be a nuclear madman, OPEC can't raise production so I see high oil prices remaining for the next few years.

Apparently there were 20,000 people in that first night queue! Maybe the ordinary Russian doesn't want to return to grey totalitarian ways.

NATO is a) defensive b) it is not moving eastwards, eastern nations have moved towards NATO. It's called democracy and is very hard for Russian trolls beholden to a kleptocracy, to understand.

If the kleptocracy in the kremlin takes over I don't think they'll be paying dividends. I just wish someone would give Putin a taste of his own poison.

Sudetenland?

You've just been hit by a train - it's no good looking at the timetable !
I seem to recall that this was originally developed as a treatment for COPD. Is that no longer in play?

I like GFM as a play on the price of zinc. However, as I read it, the Chairman's statement of 31 st of December is effectively writing off a full quarter's production:
Chairman Mladen Ninkov commented, "As forewarned in October of this year, the mining and milling operations will remain closed for the Chinese New Year holiday period, the Winter Olympic Games and Paralympic Games and re-open on the 14th March 2022.
Am I dreaming?!

Any thoughts/calculations on what effect higher power costs will have on the AISC?

Like driving with your eyes in the rear-view mirror as an old stats tutor once said!

Rhodium price per ounce: Dec 31 $20.6k Jan 18 $24.1k = 17% increase.

Miners very often lag their commodity price. I'm not quite sure why (need for big capital expenditures?) but I have used it successfully to anticipate sp rises (Griffin - zinc; Atalaya - copper). There is a current view as well that miners as a class are undervalued.
It is a key question to which I don't have the answer !

I read that article. It skirted round the serious questions and was mainly waffle designed to get you to think that the author had some kind of insight.
A bit like this bulletin board really, I'm not talking to the regular contributors but those who might be fooled by them. This is a classic echo chamber - in fact Nigel something or other actually warned someone off the other day for voicing a doubt..
Part of my 'DYOR' is to evaluate all of the negative points of view - something which is actively discouraged here. Otherwise known as burying your head in the sand.
I hope this works out for you as some are clearly right out on a limb.

Ha HA

Is there a source of in depth information on this company. I'm tempted not to bother as its own website contains little more than mug shots of its directors.

All the big car manufacturers have had to severely cut back on production due to a lack of chips. This was largely their own fault as the lack of demand for vehicles during the pandemic caused them to cut back on chip purchases. The chips used in cars are pretty basic (i.e. well tried and tested) and not so profitable for chip manufacturers, hence their reluctance to retool production lines for car manufacturers post pandemic. I don't know how or when but I am certain that in the future the auto industry will never allow itself to be put again at such a strategic disadvantage.
Today's rise may have been due to Liberum putting out a note saying the sp should be 36% higher. Personally I think that when the auto makers get on their feet again, it will be a lot higher than that.
As for reading material I find that mining dot com is a good source for all things mining. It certainly covered the political shenanigans in Peru and Chile. GLA

Completely agree on class and quality. I think it shows the fashion mag pedigree of the founders.

There was a Mello Monday event last night where SOS presented. Paul Scott's write up in the 'Small Company Value Report" on Stockopedia is very positive indeed.

The share price has risen by about 18% since Friday. In the absence of any news I guess someone is buying. I wonder who?

Denial is a river in Egypt.

"COP26 will be a colossal mining cop-out" in mining dot com.