Member Info for Kalan

Noticed that there are very few share trades between 12 and 1pm and suspect that the market makers go to lunch and put a program in charge which only allows small exchanges whilst they are out of the office. The small volume share trades tend to happen in this period. Today they started at 11am instead of 12 - it may be that the small trades really do have a message in them - out to a long lunch.

We make a bit on chrome even at these low prices and pgm income should be up due to Windsor - and in the last month income will have stepped up again due to pgm prices but won't be in the last 6 months figures.
It's all about cash and they are spending a lot but have the placing money and increased pgm money for lots of outgoings - I don't think we will be any the wiser after we get the 6 monthly results although I think Windsor will raise an eyebrow or two. Short term share price - possibly up to 4.8p and maybe 5.0p on a spike before a pullback to around 4p + or - a bit as there will be along wait for the next figures (July) and or Kabwe start up (May to August) plus ramp up. Could be positive or negative news in that time period re projects and finances. Hope they stick with what they've got on their plates until Kabwe is churning out cash. GLA.

Agree Zeusfuria. There is a disconnect between growing the company and growing the share price. The board get more income from growing the business as they can pay themselves more in wages. the board remuneration needs to be in part linked to the share price for alignment to take place. The fact that the CEO has many shares will also do this. However, they are looking at the overall cash generation and business health and size and so to them the $5million loan facility is trivial. The takeover was $315 million and the company is potentially worth double that and more so $5 million is trivial in that respect. they either don't realise or don't care that PI's get nervous when the share price drops and drops again and then just as it is recovering drops yet again. As far as the CEO is concerned - so what - he gets more in salary as the company grows and he isn't selling shares any time soon so what's the problem. In fact he could buy more with his increased salary and at a lower price. Win win win.
If they don't align with us then we have to follow them which means buying when the sp drops and holding and building a very large position - so now is not the time to whinge it is the time to time your next purchase or you are in the wrong share. I think I am in the wrong share ever since they moved away from the strategy of drilling and went to rapid expansion through takeover. Can't turn back the clock so we have to look forward. Is this a good investment at 17p, 18p, 19p ,20p etc if so then we should be buying if we have the wherewithal. Brassed off with the way things have turned out - yes. Selling up - no. That would be like a remoaner refusing to export to new lucrative markets after Brexit - looking back with regret instead of grabbing the opportunities ahead. looks like the bottom is here or very close right now. Expecting more sideways / weakness in the next 24 hours before the bargain hunters step in.

Large incomings and outgoings Tiger - let's hope there is not another placing for all holders' sakes. The increased income from PGMs should make it less likely than it was.

Nice work Oddbod - the mining decision will be based on at least a 5 year average so from 2007 to 20012 and 2015 to 2020 for comparison - but even so the comparison would be at least as favourable in 2020 as it was in 2012.
Anyone putting money up for Tjate will need to be sure of a market for platinum and palladium for years ahead and in the current state of flux in where the world is going re electric, hydrogen, petrol and diesel cars it's hard to factor that in and take the risk. risk capital is more likely to go into copper where the future demand looks set to be there for the foreseeable.

SP been in an uptrend since Wednesday of last week and it's still rising - nice.

Sentiment.

Have you any tungsten?
Yes sir yes sir 3 bags full,
One for the Masterman,
One for the debtors and,
One for those little boys that live down the lane.

It's all we want to hear - if there's only 2 bags rather than 3 then we made a poor investment. The economics don't get any simpler than here - do we have enough to pay the wages, the debt and then give us a return. We await the quantities and meanwhile the sp bumps along sideways to reflect our wait - nice and simple. Even a primary school teacher could understand it.

4.7p is a significant level Snaffleman and is a source of resistance for the reason you mention. Zac Mir thought it had legs up to 5p so you never know there may be steam left in this rally. Anyone know if the Samancor job cuts affect Hernic?

4 3 8 13 22 is what I ordered for lunch from the local Chinese on just eat - just realised I logged into Hargreaves Lansdown by mistake - must stop drinking before lunch.

Good to see you in gambler. Having timing problems with my investments - sold up here at about these levels and chased other investments and should have been back here now but things taking longer elsewhere than expected. Did trade here and sold to put in VRS - up 6% today and 9% since I bought 3 days ago - so no harm done in that regard. As for JLP you look like you have made a good move. It could have peaked already for now but 5p could be on the cards (4.7p is strong resistance however) - it should play out in the coming days.
In the real world - results will show increased production and benefit from a small part of the pgm rise - on the downside 15.6 million dollars for chrome and pgm assets to dish out plus Kabwe spending (unquantified) and 2x fine chrome plants to pay for (pgm plant at DCM to pay for as well when permission granted). Placing plus increased production and increased pgm prices should help significantly in meeting all payments and hopefully for all investors a further placing should not happen. Good luck TG5 - being in the blue is a good feeling - long may it last.

Up a bit down a bit up a bit d...……
Very nice sideways action - hope you have your shares - if not - as the headline says - the sp is low.
All that's needed is 100T to get it started.
p.s. masterman cannot be trusted - just examine his tin comments - he knows the truth and goes with the hype.

Just re-traced about 50% of todays rise and short term indicators looking good - so added another 55% giving an average of 78p.
My average was about 18p last time I bought - those were the days eh. GLA.

2 points:
1. looking at significant revenue and cash flow in 2020.
2. They want the licence to mine gold before they commit to infill drilling - they could drill now but then be reliant on the licence for mining so safety first they get the mining licence before they spend cash on infill drilling - it makes sense but even more sense when you are cash strapped at the moment until La Parilla starts making a profit - he doesn't mention that bit though.
Not a game changer - it's the same old same old - show us the tonnage - meanwhile the sp keeps going sideways until it breaks out - hopefully up thereafter.

Agreed Franny. All decisions I take are mine and my responsibility. Just saying be very wary of the resident mr positives who frequent every share that tanks. No need for putting the boot in when the tanking happens either. These bbs are a great place to share knowledge. Unfortunately most want to just win an arguement.

Yes there are a lot of nasty people about. The ones who kick you when you are down are the second worst.
By far the worst though are the ones who always post positively and encourage everyone to believe that this one is a 'no-brainer'. They are the ones that cost you money - the other ones kick you when the serial rampers have already cost you.
p.s. a p.e. teacher friend of mine bought SXX cos his mate put him onto it. He had never bought shares before and didn't know what they intended mining. That steered me clear of that one.

I bought in yesterday Jimmy having watched for about 18 months. there is strong support at 75p and it looks like it has bounced of that level again.

Not sure Ihave done well. Maybe should have gone back in fully sub 4p. Time will tell. Clarity on finance keeping me out for the time being. Still think sub 5p is cheap in the medium term. Say 18 months.

It touched 3.5. Bought afew at 3.85 but sold them now. Just trading at the moment.

The brother inlaw lives on Al Raha Beach a few hundred yards from Masdar City - been over a couple of times - fabulous place - a good grog shop just near the boundary.