Member Info for JSB1989

It’s a shorter trading week and down at £5 so let’s hope FinnCap take advantage and start buying over 100,000 per day this week.

TRMR is easy to buy in volumes of 2500 and 5000. They could wipe so much stock out at £5.00 in the coming days.

Only 75,500 yesterday which was a single buy at around 3.30pm.

At 510p they should be hoovered the shares up well in excess of 100,000 per day!

By delisted I mean taken out by PE by the end of the year. The value here is extraordinary. I think we are in the midst of the end game.

There is a likely scenario playing out where the shorts are driving the price down whilst the buy back takes place allowing the company to purchase more shares for their $75 million and therefore making any future takeover price cheaper.

I’m confident that Tremor will be delisted by the end of 2022. The price will have to be £11+ IMO for the major shareholders to sell but it should be worth £15+.

In order to complete the share buyback programme by September, Tremor will need to average around 100,000 shares per day assuming the average share price is at 530p.

At what point does this translate into value for the shareholders? Are funds shorting in order to sweep up more shares which the buyback programme is in full swing?

I don’t understand it either. PFC now clear of all hurdles with the SFO investigation, reinstated to bid by ADNOC and cashed up at a higher price than today.

PFC are in a great position now as the O&G industry are increasing their spending on development and are now branching out to developing infrastructure on renewables.

There is a clear plan to shift the business model from fossil fuels to clean energy so PFC will remain much needed.

I’ve added over 50,000 in recent weeks between £1-1.10.

Hindy - The remaining 33% stake in PLT was acquired by Boohoo in May 2020. All of the issues raised in the Shadowfall report were addressed.

Very impressive results posted by the company this morning but these results are from an average basket of around $2800. April and May (until this week) has averaged around $4000 and with Rh now at $22,000 is still around $3600. It’s likely that H2 will see a 25-30% improvement on spot prices compared to H1.

Net cash was around $30 million in early April and I’m hoping we will see cash build of between $20-25 million per month so I’m estimating $80-90million net cash (taking out $11 million for the dividend) by the next production update in July.

TBTT - yes I agree that it needs resolving and the company is equipped to do this. I’d probably even take a reduced dividend for share buybacks to get rid of this seller.

Slightly perplexed by their comments that FIL are now buyers again and that they know that the ‘seller’ is nearly done. It seemed more fitting that FIL were going to 0% and by our calculations were down to their last 1-2%.

I’ve read that a number of PI on Twitter haven’t bought Tharisa as the SP doesn’t move regardless of the rising PGM prices and the profits that the company are producing. They have chosen either SLP or JLP for exposure to PGMs. I’m sure there will be plenty of money ready to jump in once they see some movement in the SP.

I’ve seen a seller holding down the share price on a number of occasions however not for this length of time. I was in AGL when they had 3 months of suppression through a forced seller and that has moved from 40p to 130p since then in 4 months.

Tharisa’s SP rose 40% in around 6 trading sessions between late Dec and early January and has plateaued for over 4 months. ‘They always say the longer the price is held the more explosive the breakout is’. I’m hoping the interims next week are the catalyst for this breakout and 40-50% in the near term (5-6 weeks) is very achievable.

The wait continues....
I’m over 50% of my portfolio in Tharisa now and with the basket price averaging $4000 in this quarter we should be at a minimum of 250p for starters.

Signs that we are now into the final stage of FIL’s selling down. Would be great to see these 3-5% moves continue on a daily basis. I do believe we will be over 200p before interims and 250p by the next quarterly production update in July.

The basket is averaging around $4200 for the month now and around $4000 on the prices which Tharisa tweet about. After smelting /refining costs, this would be around $3500. I keep adding because the floodgates will open soon and these prices won’t be around again.

Unbelievable that we are still here at these prices but that’s what an institutional seller can do. I’ve added further this morning as I do believe this will correct around 50% once FIL have done in a short time frame and 100% in the next six months providing that PGM prices and the outlook remains strong.

Net cash improvement is $26 million in 1 quarter and that is after paying out the dividend of $9 million and capex for the Vulcan project.

Year on year the production has improved this quarter and is historically the worst production quarter due to the weather.

Looking forward to the next quarter I expect the 40k oz production to be hit. Last year the change in Q2 to Q3 production improvement was 9% and this was just as Covid-19 struck.

Quarterly cash build at these PGM prices will be around $35-45 million. Strong buy in my opinion.

It has been changed. Originally was set for Monday but what’s a day!

This will start to motor on now.

The iridium price has gone nuts. It was half the price of Gold last year and now trading nearly 300% higher per oz.

Ruthenium also broke all time highs today at $415.

I like that analogy ShearClass. This happened about three weeks ago when the TR-1 was released and there were some very big sells. What was 10m left earlier in the week, should be 6m at the very most.