Member Info for Hemmings8

I see Universal has been suspended pending announcement. Maybe they’re bidding for us and trying mark price down to get better deal.

Think they’ll try and sell Vele. If get $30m then can lift 2nd CGA without need to spend any money developing it. Not quite sure how that’s a selfish gesture. Would say they’ve put us in a great position

I’ve asked Barclays why my trades in London have not been reported to the exchange. Anyone else seeing something similar with their trades? Some buying around on JSE this morning

Bought some on 28th that not reported, have asked broker for explanation.

+3,012 on JSE open

The only volume that went through today on the JSE was on the buy side. Been noticeable this week that’s the seller not as active. Is there a long overdue sea-change ahead? A nice move higher (1.3%) in usdzar today should be helpful, but the rand has appreciated considerably in recent weeks. Need this rate above 13 not as we are now at 11.93. I’m positive and we have our 6-month results to be released in a couple of weeks and hopefully an indication as to what we’ll do with Vele. Anything around the US25m dollar mark and we can get something similar to Uitkomst and become self-sufficient.

Despite our seller we do have a regular buyer on JSE open +2907 today

Cheers Boz, just read integrated report for 2017 on company website, looks like the are applying for mining rights for GSP. Was valuing it at zero. Hopefully sell Vele and purchase something similar to Uitkomst then self-sufficient which would be great for us

True. On micro and macro level things are looking up but have damn seller. Don’t think mining minister will make any difference. If you have at volume that have been sold on the bid on JSE since name change and consolidation it equals around 180k shares. Not many hold that amount in new money. If big holders aren’t selling then seller can’t have many left. Not sure your technical analysis has strong foundation given low volume nature of this stock. Good luck, glad see you’re still here!!

Another positive step for us

Company will get a list of shareholders at end of Feb and can see who buyer/sellers are. They can potentially then ask why selling, otherwise company as puzzled as we are. Only reason I can see for selling is the move in dollar/rand over last 3-months. Will have an impact on valuations. Think next results are mid-March

Looks positive. How much will we get for Vele? You

Prob should focus on big picture of what company is achieving. Volumes are minimal so not sure how manipulation. At some point intrinsic value of company will be represented in share price. Some lucky punters got some cheap ones today

Why would someone sells on that news off the bat on JSE? Ridiculous

Thanks. Agree re share price, I keep making excuses, thought waiting for Uitkomst, now maybe waiting for off take agreement or financing. Who knows but we’re worth more than this. Also we’re pushing for NOMR for 3 GSP mines this quarter. Potentially huge. Currently valued at 0.

Hi Jantand, you know if we were there?

At some point the share price will reflect the intrinsic value of the company. The volumes going through are small. If I held a JSE account I would happily put in bids here in hope they get hit

The company only got rebranded at the end of last year, and I guess they had to wait for their first full quarter of production before they can start marketing themselves. I spoke with company today and that starts next week. I think they want some current large holders to reduce their stake so other institutions can take a stake to get a more diversified shareholding, and see more trading of the stock. They are super positive for the year ahead, but there is a lot of work to be done. Uitkomst is a great asset as today’s result show, and with coal prices flying the prospects for Makhado and Vele are great. I’ve been waiting for re-rating of company and it must come soon

Should fly. Should re-rate to producer now

Company Very happy with Uitkomst. Doing due diligence on potential 2nd. Last two farms in middle of court process, whereby MCM will get hands on them at end of process regardless Take off agreement to be announced q1. Not just achelor in mix