Member Info for jeffry

you must know, State Reform Party is just one small party who just like to make noise. similar to UKIP in UK where they dont really have power, but just like to stir unrest to gain public votes.

anyway, Petronas has been operating not 1 but many many oilfield operations in Sarawak and controlled by federal govn. a percentage of royalty is given to Sarawak. so, Sarawak people are benefiting from it and everybody knows that, including sarawak ruling state.

anyway, this is just noise which is a tool being used by "derampers" to spread fears especially for those who not know the local situation.

we are all waiting for news, but 8p is strong base, wise to top up for the last time before the next news imho

we might be 1.5p by this month at this rate :)

dont forget, Tjate NPV valuation was based on PGM price - loosely talking about platinum but actually a combination of platinum, palladium, rhodium and gold. and Tjate also have small chrome.

thats to say, roughly 30% is palladium - i gather , even at current platinum/palladium price, Tjate NPV should be worth at least half of 1.2bn. while Leon is busy with other projects, someone need to mention this to him as otherwise it will be forgotten/

note:
Tjate:
Merensky 54% Pt 29% Pd 7% Au Rh 3% balance 7% Ru Ir Os

deeper part of Tjate - has much higher palladium
UG2 37% Pt 36%Pd 1% Au Rh 9% Ru 12% balance 5% Ir Os

MTR should be 2.2p minimum per Sprott, based on the low offer.

now when the second offer coming in, surely we will be worth 3p-5p !

3p by end of feb ?

if MOD received second offer at say 50cent, how much will it worth to MTR?

keep in mind that MTR will still have 30% ownership of botswana !

Tjate was expected to have NPV around 1.3bn.

palladium now near $1400, so surely even at some discount, NPV for Tjate will still be massive above 0.5bn at least.

so, is Leon actively marketing out Tjate to other major for potential assets buy out?

approval from president should be about a week or three from the final stage. so I am guessing it can come anytime now.

those sold will be jumping back at double digit.

i am buyer at current cheap level

with rising oil price, farm out should be in greatly favorable to us

bought some more (small amount )_ in AEG...

also bought GEO - been watching that./... licence this month imho

bought some more... seem this before... scaremongering...

we saw how lcvg rises after nomad... time for aeg is coming... time to add

i recalled BHP also on spending spree and last year takeover another minor.

obviously data room is set up not only for 1 bidder but they will be other bidders as well, especially now that they are aware Sandfire is interested after doing their own due diligence,

wont be surprised if next few days, we get confirmation that another major is also interested

https://uk.reuters.com/article/uk-solgold-equity-bhp-billiton-ltd/bhp-doubles-stake-in-promising-ecuador-copper-project-idUKKCN1MP2L6

all bad news have been priced in, hence thats why we are at around 0.65p

now bring on the good news, firstly NOMAD - we can then be back to 1p+

come on bigmj, take out your wallet and buy some more while its still sub 3p :)

We should be back to 2p next few days

Remind me. Do we hav much larger stake in Botswana project or is it only via holding in Mod? I know they interested to takeover mod purely on Botswana.

And since we largish holder, we should be up at least 60%too

time to buy back in for those sold...

I am expecting Monday or Tuesday for confirmation of nomad. Most dd was done and the site visit is the last piece and they only do site visit after everything else incl finance etc is positive. They won't waste time and money for site visit if everything else is not positive. So, confirmation of site visit is very good as its confirmed all else are good to go. We down from 1p due to nomad. Now on nomad confirmation, we should be back to 1p imho