Member Info for Hallster

How is the mining season going now that we have a fully staffed mine and crew huts for 55 staff to allow for mining to continue despite COVID?

How much platinum / Palladium/ Rhodium and other PGM’s have we sold?

Is there an update on bids received?

They don’t like it up em!

Hahahaha MJD! Squeaky bum time for those short!

He probably isn’t Bill

:-D

H xxx

The nomad hasn’t resigned

I think you mean hindsight. Unfortunately how do you predict the short term top of the market for a company under a FSP?

Certainly nothing to worry about unless you are day trading the share, anyone holding for a sale will be handsomely rewarded (IMO DYOR).

Only reason to worry if you are trading is that you have a 50/50 chance of being in when the RNS lands.

Even the green boxes have given up now! Marvellous news this morning, DS free to maximise his long standing investment by doing what he does best, deals. That guy is going to be seriously rich when the final deal is done and he finally gets to be rewarded for his long term insight and investment

Hi FunkySausage

I think you have missed the deadline for the AGM, you can email the company questions but I think they asked for 48 hours notice and I believe that all questions will be answered (presumably where possibly) on the morning of the AGM and will be shown on the companies website, or at least that’s what I understand the situation to be.

The other way to look at it is that if we get ongoing dividends at that sort of level there is no way we will be looking at a SP equal too or less than the amount of the dividend, how many FTSE companies or funds pay dividends with 100% yields? None is the answer, not one. If we go down this route then expect a serious rerate so win win for those wanting to get out and for those happy to take a longer term view. Nothing here not to like.

Seems that way to me too, looks like the MM’s are accumulating shares at the moment according to the L2, interesting times ahead IMO.

Handy that dollar is strong against the pound too and likely to continue improving towards year end (don’t mention the B word!)

Sorry Jake I didn’t pick up on the Covid point you made. I’m not sure if PGM’s are used in the great amounts in the fight against Covid so I’m sure we will be fine.

I agree Jake, the SP does not represent the value of the company but then market sentiment often doesn’t. I bet even Marks and Spencer has a higher mcap than us (can’t be bothered to check) and when did they last have anything to write home about, the retail sector is on its knees and lots of firms are failing etc etc. Case in point market sentiment beats true value hands down. Unfortunately even very clever people like Jub capital went to the wall because they were so sure (accidentally haha) that this was going to be a failure, fortunately it’s anything but that and in the fullness of time the true value will come to the top. In this situation the day to day price is irrelevant as we near the end of the FSP with highly motivated professionals acting on our behalf.

Indy, IMO you can’t beat a milky bar, delicious. I hope it’s 3x higher than 28p minimum then and look forward to it

Talking of rising metal prices Jake did you see the price of an Oz of rhodium today?! I believe we have a lot of it at WK, up to 11,500 an Oz today! WK in production for those that don’t know, I bet the sales figures are looking positive there now that we have 100% of the profit.

Indy, it’s a shame you missed your opportunity to sell a couple of weeks ago as we briefly hit 28p. We achieved this without any formal offers being disclosed to the market. Amazing really.

The II’s who invested $10m in the company will be pretty annoyed at 28p. Closer to 80p probably more realistic, hope your legs can take it but if not you may get the opportunity to cash out sooner than you think as I expect we are close to seeing 28p again soon.

The ACF valuation was 56-63p I think, something in that region, that was before international bank and leading M and A specialist UBS got involved.

On the subject of UBS I hope everyone has seen the potential tie up with Credit Suisse. Interesting times ahead.

I disagree, news forthcoming after the AGM, UBS will be keen to resolve. This is nothing if not exciting. Your target may be right, as you say that’s a great return from where we are now and from where we were last September. 43p a steal though based on what we have in the ground.

Drugs very bad mmmkay.... mad gangsters even worse! Haha

I wouldn’t be surprised if we saw good gains over the next few sessions. I believe that the charts indicate a 30p target but I think we will start to see some FOMO ahead of Friday.

Either way I hope the BOD have a decent lunch planned for after the AGM, a 4000% upturn in the share price deserves one!