Member Info for GingerHippo

Yes, and 20p is 2x 10p

BTW I'm not saying it's worth 20p, I'm just saying I'll first do the maths and then decide what I'll be happy with.

Why would you be happy with 10p if it's worth 20p? It's important to know it's real value

$1800 is the price of the metal. It costs to mine that metal. For EUA that's about $300 per oz, and I gather that our costs are a little less than the norm.

Also, you have to calcualte the NPV of the mine today (say at 8%).

I wish I could add more.

Simple maths tells me that if a mine with 2.32M oz sold for about £600M, then a mine with 15M oz should sell for about £3,800M. Current market cap is £50M, ie less than 3% of what it should be

EyeGuy, thanks. That just the info I was looking for. Would you mind please clarifying where you got the figure of 2.32M oz for Impala?

Does anyone know what the level of palladium reserves were for Impala Platinum before they were bought out for about £600M?

I’m new here. Late to the party. Read a lot of rubbish here today.

Before I look more thoroughly at the FS tonight, quick maths tells me that 15 million ounces of palladium at $1500 profit per ounce is $22.5Bn. This does not include other metals, cash in hand or the potential for another 40 million ounces. A measly £70M market cap seems beyond ludicrous to me.

I have no idea how the sp could have dropped today.

I don’t see it as being in a loss. I saw a good business and i wanted to own part of it, that’s why I bought the shares. That has not changed one iota because of the share price. The only thing that bothers me is that in hindsight I could’ve got a better deal on this business

A portfolio of index funds is the way to go for most ppl imo. Most of my investments are in funds because I couldn't handle the stress of it all being at such risk.

That been said, it has happened to me several times that a share has stayed deeply in the red for what seems like forever, then all of a sudden it went sharply up and I made money. Then when it’s sold I forgot all about the long period of red, so it catches me off guard the next time.

I think most ppl’s investments are in the red most of the time. If it had gone up they would have sold it already. So ppl often only hang on to shares in the red. (Not a good strategy imo but nows not the time).

So if being in the red bothers you, don’t invest in shares, stick to funds.

"any competent audit company...."

Made me lol

pione3r, I'm not a lawyer but wouldn't that be illegal, doing the opposite of their fiduciary duties? I find that hard to believe

Franky, if someone offers £2.80-£3.20 the BoD have a duty to reject the offer.

Yes

"The future of banking is online"

I always have to wait in line at the bank. Fact is, people do go into bank branches.

Illbetabuck, I don't agree. MREL getting sorted and lowering loan to deposit ratio are both way more important than net profit right now. And with these sorted, I think commercial customers will return, making the bank profitable again.

Old banks that are only open when you and I are at work are closing branches. Metro that keeps branches open until we're on our way home and at the weekend are opening new branches which appear to be popular.

I think VH has the right idea here. This is the future of banking.

The big difference to me was the drop in commercial customers. Now that MREL is sorted and no-deal Brexit is v unlikely, hopefully this will go back up over the next few months

Book value has gone up only if you compare to Q3 last year (for some reason). Compared to latest Q's results, book value is down.

I still think the current sp is way too low, but my reaction to the results is........... m'yeah,fine.

Can somebody please show their workings?

I see net assets are basically the same as last Q and net profit is down, so how has book value grown?