Member Info for Jerryspaniel

Not many silver deposits in Oz. Most are in Mexico and Peru and I wouldn’t want to see Shaun go to either of those places.

Most silver is produced as a by product of lead and zinc production. Do we want to be producing either? Maybe Zn.

Did he say Pepas is a mine or will be mined? Without a DFS or FID? He is very careless with his words imo. At the very least this interview should be on a link via an RNS.

Just incredibly unprofessional and not what I would expect from a ceo of a publicly listed company. Maybe I expect too much.

That’s what worries me most about SML and why I never usually invest in UK.

Well said JD. Totally agree.

Afternoon Speedy. In the past Shaun has looked at 20% out of the money puts for up to a third of a years production. When the price hit the all time highs in January we already had enough volume of hedges, though the price was a lot more than 20% otm given the rise.

I think we should expect Shaun to maintain that sort of volume hedging and as the old puts expire, he will probably replace them with higher strikes given the market is higher than when they were originally bought.

Shaun is very conversant with various hedging methods having run the hedge book at Northern Star. I have challenged him in the past about different strategies, and while I am far too modest to say it, he almost knows as much as I do. Almost, but not quite! 😉😀

Smokey, I agree. It was just the spending bit!

Speedy, I plan to do a fine impersonation of Viv Nicholson (for the older folk amongst us).

Did anyone see the above? Apparently there was a presentation on the tungsten market. There was a question about defence contractors using a floor price of $2,000. It’s second hand information atm, so I am trying to find any corroboration.

Spud, copper is trading at $6.30 per lb.

BC, or maybe we have nothing to say. Just contented to let Shaun manage our money and investment.

Great post this morning Element. Glad I am not invested with those idiots.

BC, I would guess that ggp trades at a discount p/e for two reasons. Firstly it’s a new company, so has to prove itself and secondly it’s a one location, one mine, company. So the specific risk is higher with ggp. But I agree, in time the gap will close.

Barnaba is the right chair and Shaun definitely the right ceo. Imo it would be an act of crass stupidity to change either of these two positions.

SB, yes American institutions and individuals can buy on ASX. No US listing required.

Sounds like everyone had a cracking time. One happy lth here. Arise Sir Shaun…

Hi SaS. I filtered Freddie many years ago. But just for him, I still have 600k, so still a great fan.

I too won’t be able to be at the meeting. I am on La Isla de La calma, visiting my villa, paid for thanks to Shaun’s leadership. I hope that everyone has a great time.

APT is trading at about US$3000 per 10kilos, CIF Rotterdam.

Martin you may want to check the in the ground numbers cos I think you are miles out.

The only updates that are worth reading are price sensitive ones.

No problem with interviews at mining conferences but they shouldn’t say anything that is price sensitive. That’s what RNSs are for.