Member Info for itsaduster

But I am puzzled by one posters expectations of Pt production. It seems to me the essence is the lack of production of PGM at DCM. This has been a sore point for me too. I am disappointed they havnt taken the decision even a year ago. True if we had been able to get a decent deal it would have cut a few corners and dramatically delivered PGM revenue over night. But that I hope is now behind us and we can look forward to 10K oz/annum PGM within 2 years. Also at DCM we have had delays which have spun out of this indecision ........ namely plant shut downs for build out of storage pads and to for plant adjustment for 3rd Party ore. I suspect LC was conflicted in decision making here. In the end I suspect he was so enthused by the 3rd Party prospects that he thought it a fair trade instead of bettter progress on the DCM PGM, After all we could avoid missing 3rd Party thru put (never to be made up as is the nature of production); and store the PGM to recover later as they are and remain ours. Then there is the Seasonal breaks. And the Hernic shut downs due to Dam breach. Relevant to sp movement I suspect was the news that Hernic Mine has an uncertain future. I am not an RNS jockey but many of the RNS quotes here I just dont recognize. I think some of the quotes are placed in sloppy context and even misconstrued. But this IMHO so let us disagree there. On thing is certain I aint trawling back thru pod casts and RNS missives. Some pundits calling PGM as 2018 metals as indeed am I . But I see Zn as giving ground into 2019. Mmmm. Just my opinion which I wont argue about or defend.

The sp is creepy !!

Seems OK !! Pleased with Hernic ....... improvements in performance expected and ramping up through put continues. There are always concerns about grade in tailings ops. ie grade in the ground being processed and the grade we can actually squeeze out. So still kore to go for.!! at Hernic DCM at last commitment to build at last. We had to explore the options and I am sure the risks of JV were big and poorly definable. We couls only expect the hind tit if we dont own the plant and the BOD rightly have concluded that to put us into the control of a Partner able to call all the shots would have given shareholders a rod withb which to beat them endlessly. Yey !! Good decision !! At last. When that winds up it will release all that value lying on the ground at DCM. Platcrow decent progress and ......... Zambia ........ Frankly stunning progress and with 57% of the stock we should be able to to exercise good Management and good Technical skill. Comms ...... Let me make two points....... First I see enough of CB and LC ......... their pod casts are frequent and fulsome surely. Little wonder they dont just do one at the end of every quarter. ....... second our business is in flux and constant fundamental change. A key aspect is we are constantly in discussions with others regarding their assets. As a general principle we are entitled to give ourselves the best chances of doing a decent deal. So we wont get all the stuff we want.. AIMHO just saying .......

Biscuits Je suis desolait !! (French dont you know !....... I am sooo clever )

No not going wobbly .... I am holding many shares here ....... its my second biggest holding. Sorry I can be sloppy !!

Thx reply mate. No holding here ........ big time (for me ). ...... and I won't be a seller. But I am watching the hysterical advent of EVs, peak power and grid balancing and not to forget H2 diluted gas and wondering how we are gonna cash in. I have trawled JM to see what their research is upto but they are so complacent and their hands must be numb now they sit on them for so long........ and I cant get re-assurance on Pt staying as the default preference. Lots of chatter about how the polymers are over coming their initial problems and all the big contracts seem to go with them. I will be contacting JM sometime soon and be a little provocative. So I invited fundis such as yourself to chip in.

Cool mate. Not being fussy or anyhting but shouldnt it be 4 tits. Chest bumping ? godda be 4 tits. Oh well never mind ........ maybe I need to get some Li. It is a bit of a disappointment hearing our Prof is struggling to get things done. I do see a real opportunity to come up with some useful chemistry here and with the rush to get the Li on the shelf with ........ what ? 25 giant Li battery factories on the build now !! ? They will want as much Li as thye can get asap. See you around some of my boards Chesh. Good news today on EXT and MTR at last but little shift in sp. As Rick Rule says the metal investment arena is bum bum bumpity bum. ......... but he has faith they are going to wake up mid year. I am going with that for now with metal prices on the up and the lack of investment over last 20 years and the arrival of EVs. Oh I am just hugging Myself I am sooo excited. Take care Dud and good luck to Biscuit munchers. Oh can I include those healthy fruit and nut meuseli bars in the Board room basket. ?? (with cinamon yum yum )

........ in Germany is using polymer electrodes. Any real experts wanna chip in and counter the suggestion PGM are losing out in the H2 economy.

My Bad !!

Sorry Lagary ment for Minorminer

Thought you dabbled bitcoin ??

You out of Bitcoins then.?? I actually think the amount held by the BOD is not a recommendation. It is another aspect of a wholly unconventional nature of this Co and its set up. There are good reasons why there is a clearly defined methodology for creating a Mining Co. If this lump of rock turns out to be what we are talking about then the wealth accumulated or contrived over such a short period of time and its speculative nature will attract vultures and carpet baggers. Questions will be asked about who the rightfull owners are and if those that set up the route to ownership acted correctly wisely and fairly . We are in an age where sovereign wealth is better understood and many other powerful entities wont have much trouble or be short of motivation to make their covetous point. The 40% held by the BOD is shear folly.

he can get on with it and knock out some supply contracts and shut the Chinese down.

No ........ Why ? If you give me a phone No that works I will be OK phoning him.

Thanx for your kind words of investment advice. With the greatest of respect you need to do a fact finding exercise before giving investment advice. I am fully aware of the significance and meaning of the ore reserve classification to which you refer (usually written as jorc ? but theres a google for you to do). I wouldnt say prices are brilliant now nor are we looking that good in Europe with the licencing hold ups to be dealt with. Seems to me America is the hottest prospect we have at mo. But the info release doesnt really say which they favour as having the inside track. IMHO Which is indicative of the wishy washy nature of our questionable progress. Prices are always going to be an issue. During mine build they can go up or down. The point is we must be competetive over a number of years (grade/tonnage) and yes a good idea of future trends must be formed. That will impinge on finance ..... I say very important dont cha know. !! So bottom line I am NOT impressed with the BOD performance though I will take it that you are. I can agree to differ but 6 years tonking around with a drill bit just piling up reserves is gratuitous and lazy IMHO

Investors are becoming very aware PGM have lost their shine. As ICE and diesel wind down in years to come and Pt and Pd are no longer needed for catalytic converters the market and use for Pt is vanishing. By the time we get it out of Dil and Crow we will be struggling even at $400 /oz I am saying this cos we need to get our stuff to market now whilst it is still relevant.......just. Is there some doubt about wether our Hernia PtGM are being refined as we post.?? All this might explain our jaundiced sp over recent months. Typical AIM insider trading ..... everyone else knows something except us.

Please explain why we would be increasing our ore reerve since 2011.. Thats 6yeqars during which we could heve done all the permitting ...... financing and building. But instead we have just done some easy drilling and kept paying the BOD wages and not progressed to production and earnings. Our main man has made his millions it seems IMHO and now only wants a play mine. Its myview things are not right here and its up to the BOD to instill some action here and move us to production. I think the market has sussed it that this isnt being prepared for production and so the sp is plunging and is about to take a nose dive. Unless we see serious attempts to get a mine going. All IMHO of course.

Add He is on Li himself .... high dosage ....... and is out of it for now Chanting ''''' Mmmmm I am a pebble in a stream..... Mmmmmmm I am a pebble in a stream. ''''

Next Q is can we hang on to it ............. its bandit country

Nope you have an interesting and realistic proposition there. The conclusion must be we are selling to the wrong people. Marketing dept needs some talent and a clear out of the lazy syncophants ........ IMHO