RE: Gold13 Jul 2020 12:15
Dukey old chap you really do need to stop making a fool of yourself.
1. If I know price sensitive information not in the public domain then I am an insider.
2. If I disclose that information then I have committed an offence.
3. If I posted on here what I claimed to be price sensitive inside knowledge then trolls like you would squealing about the FCA and price manipulation.
Why not do some research for yourself? You just need to look at the Para/Soma announcements, look at how the price of gold has moved and you can form a decent enough view for yourself.
As to the links: it is called reading up on subject matter. The prices of gold, copper, manganese and cobalt are relevant to how RRR should be valued as is the forward view of the prices. In looking at the forward prices, influences and influencers matter. They may not matter to you because you already know everything there is to know because.... Andrew Bell. Well the last few months have proved you wrong.. If AB is the biggest issue re RRR why has it gone from about 0.15p to about 0.4p in the last few weeks? Has AB left, has he turned over a new leaf, has he undergone remedial treatment?
Everything is going RRR's way at the moment, it may not hold but that is the truth.
Anyway as to influencers on the price environment..
https://www.sprottmoney.com/Blog/fun-friday-as-excitement-hits-precious-metals-market-weekly-wrap-up-july-10-2020.html
You also need to look at the ASX announcement by JMS. They are going to start shipping manganese out of Namibia. This will reduce the transport costs and give them diversification of logistics but they have not mentioned the big upside here. JMS intends to expand output significantly in about two years: this is a dry run to see how the export route works via Namibia. If it works well then that is another box ticked that will permit them to increase output. The big issue for them re output is the rail and port capacity in SA so if Namibia works and works well we are off t'races.
If JMS maintains its max distribution policy then it means that in about two years its dividends will materially increase. The mine cost of increasing output is minimal and the transport cost is the big issue. Namibia is the key. Most of the increased revenue net of the transport costs will fall to the bottom line.
DYOR
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