Member Info for djm1

Any guesses guys on where the SP will go on the DFS RNS which IS DUE ANY DAY now!!!

GLA

Williamsburg
you sound just like Gordon Gecko!!!LOL

Cod almighty no one's got a sense of humour any more.

Tillywhiz
can I ask have you been keeping a weather eye on the running total of kippers? 100million 200million? Any idea?
Thanks very much.

The Comedy has been excellent the last few days but Motley Fool are way out in front!
On a more serious note I'm a bit surprised by the SP action with a nailed on Resource Upgrade due within days and the distinct possibility that its the last hurdle before a deal can be announced.
I know people want to take some profit before x mas for all the pressies and what not but I'm telling my kids they are lucky I didn't sell them .

Borrowed from GingerHippo
September this year. Thanks.

The focus has been on MT but he states the value of WK has been previously calculated at 10p to the share price prior to the DFS and no mention of Rhodium numbers yet.

See below;

From the RNS last December. BTW, this is out of date as the recent investor report has higher estimates than this:

1. Potential Pd and PGM resources of c.13.1t (421k oz) (as per State Cadastre of Deposits, No. 18 on Murmansk Geological Information Archive Reference Note of 07.03.2019)

2. Potential resources of Pd and PG? c.14.7 t (472k oz) and of gold c. 0.7t (as per State Cadastre of Deposits, No. 20 on Murmansk Geological Information Archive Reference Note of 07.03.2019)

3. Potential resources of Pd and PG? c. 320.1 t (10.2M oz) and of gold c. 10.1t (as per State Cadastre of Deposits, No. 21 on Murmansk Geological Information Archive Reference Note of 07.03.2019)

4. NKT (Nittis Kumuzhanaya Travanyaha) nickel, copper, cobalt, platinum, palladium, gold and silver with the following potential resources: Ni - c. 298,000 t, Cu - c. 229,000 t, Co - c. 11,300 t, Pt - c. 18.5 t, Pd - c. 55.0 t, (Pt+Pd= 73.5t or 2.3M oz) Au - c. 7.6 t, Ag - c. 185t (as per State Cadastre of Deposits, No. 22 on Murmansk Geological Information Archive Reference Note of 07.03.2019).

The total in items 1 to 4 above, which excludes the c.2M oz in Eurasia's current production license is c.13M oz of PGM of which palladium is predominant. The Pd to Pt ratio in Monchetundra production license varies from 1.7 to 5.8 Pd/Pt ratio, a similar range is observed in the Flanks area.

So within our current licenses plus what’s within 5Km we have circa:

19.824M oz of Pd and Pt (approx 3:1 ratio)
0.59M oz of gold
5.94M oz of silver

Using today’s price that’s an in-situ value of $37.653Bn

There’s also about $644M of nickel, copper and cobalt in the flanks area (presumably there's more than this within the 5Km exclusive area). Let’s call that $38.8Bn.

I've left our Rhodium because I don't know how much there is. But at $12,400 an ounce, any Rhodium boosts our value.

At say 12% of in situ value (conservatively) we get $4.65Bn

X0.8 to EUA is 3.7Bn
X0.9 for fees and admin (generous) is $3.3Bn
That’s £2.58Bn
That’s 89p per share

WK has previously been calculated to be worth around 10p

That gives us a total value of EUA of around £1.

Now, to quote Benjamin Graham "invest only if you would be comfortable owning a stock even if you had no way of knowing its daily share price." I think EUA qualifies here.

Jacko,
we knew about Rhodium but not how much, ive been trying to find a post from someone about the amount of Nickel and Cobalt, based on the area of the DFS, those numbers could be huge, fag packet calcs I seem to recall supported 20p share price on their own.

Shed,
it was McWhirter!!! Have some respect man!!! ;) Yep it does feel a bit premature tbh, its not done until its done. But im still puzzled about the DFS RNS, as i said before we knew it would be this month so an RNS confirming it feels somehow significant, also the update on the benefits of said DFS were welcome but we all want those numbers!!
Rhodium, Perskovite, Copper Nickel Cobalt and on and on and all operational ready to roll for a new owner!!! Cash generative from day one.
I've no doubt that what was applied for is known to the buyer/s so its the last piece of the jigsaw for me. Once its legally granted then a deal can proceed in my view, and DLA Piper and UBS have been in place long enough to do one so fingers crossed. 10 working days maybe?

Also" The Monchetundra Project" gets a mention, NN use that term as well, could there be two Monchetundra Projects??

Well done Matt!!!!!

Cant help thinking why the RNS on the DFS, we were told it would be this month. I believe that the DFS is the last rubberstamp before the sale, I just cannot believe that after 6 months of the FSP that there is not a deal in place. I think the heads up was a heads up on the bigger picture, we already knew the DFS would land this month. Throw in the 2.9 and its too many coincidences for me. But im balls deep so no little hope factor in there at all!!!

GLA

Sounds like Bread of Heaven will be sung loud and proud when the deal gets done.

Clueless,
they did it because there was a rumour that someone who was an" insider "was selling. So in fact the RNS was refuting any negative inferences that may have been drawn. In effect it was a statement supporting the SP!

Did you notice in the RNS the mention of the term "the Monchetundra Project", have you seen that somewhere before???

GLA

Fairplay PartyPooper,
i've got a day job thats being ignored as well!! It could well be as innocent as it needed doing because it was simply overdue or it needed doing because clarifying the number of shares in issue has a imminent material importance. KB was technically correct when he said because they were told to do it, but it could also have been the straightest of bats by a very canny customer!!!!
GLA

Partypooper,

why do you think it has taken this long to update the shares in issue register since the placing? I'm surprised as they have a new Nomad and would expect it to have been done back then or shortly after. It does though clarify how many shares with voting rights there are, which is interesting don't you think?

Wolster

that's quality!!! GFYourself Mr.Boss. LOL!!!

Tillywhiz and Gecko have been outed!!!!! I laughed hard when I read that. That poor dumb sod was at it all through the night and then the board drops a big fat juicy RNS!!!!! LOL!!!

GFD

that's the post of the day!!! PMSL!!!

Dmitry

it clarifies no of voting shares...what do we need to vote on???????

Anyone else bricking it?????? I am !!!!!!