Member Info for Krayl49

plumbers you said 'we don’t have the finances to commercially mine this for many years.'
... but Sinosteel have already financed it.

Something is afoot - price just rocketed to 1.40

Aston - I was told off on the SXX board about EUA about a year ago. I have since banked a lot of money and am hoping for a lot more (its made up for my SXX losses!)

Hi Aston
New to this and trying to research. Don't understand your last post. Is there a summary somewhere?
Thanks
Krayl

AstonMartin1 - I have been looking at CLON and see it has a recent rapid rise without any obvious reason - why do you think it should go further?
I am talking on this board as I originally got into EUA from the SXX board (at 0.5p) and like to spread potentially good news.

Nornickel
"In March 2019, Roman Abramovich sold a 1.7% stake in the company for US$551million predominately to British-based and Russian investors." He still has a major holding in the company.
At 30/6/19 they had working capital of $1.28M. They have since raised a $750M bonds issue and were rather vague as to why they had raised the capital.
An obvious buyer?

Why is it 3p?
I have been expressing the same worries for a while, even though I believe in this share and think the offer will be a minimum of 23p ($750m).
The only comfort I can offer is - 'why was it 0.5p for months?'. The basics haven't changed and it now seems to have settled around 3p (and I am sitting on a 6x profit).

Norilsk Nickel raised $750m on Oct 28th. See
https://www.bloomberg.com/press-releases/2019-10-28/mmc-norilsk-nickel-pjsc-mmc-norilsk-nickel-successfully-places-a-usd-750-million-eurobond-offering-maturing-in-october-2024
If this is part of the money to be used for a bid then it equates to 22p/share. Not a bad place to start from then go up!

Manipulating a share price is illegal, yet we talk about the MMs doing it continually. Are they really doing it? Do they have some sort of exemption?

Nice thought but to get the arithmetic right, $1.8billion is 53p per share.

Just to get the arithmetic right, $758m equates to 22.5p per share. It then depends if we are talking about the company or more probably the assets, and maybe just the proven assets.
Anyway, I like that as a 'minimum' starting point!

Autotrader have a Bentley Arnage at £9990 - might be possible!

So they are late reporting - good research - thanks

Thanks for that - very interesting. Do you reckon that these are late reporting - or are they actually after hours?

General view seems to be that they are totally inaccurate.

.... and why I shouldn't be worried -
Let’s run some figures purely for the operation at West Kylim. This is in production and the company are aiming for 25,000 ounces of Platinum next season. Let’s take a conservative 20,000 ounces. Currently platinum is $937 per ounce. Dimitri in his interview said that their production costs are $300 to $400 per ounce, which at $400 works out a profit of £418 per ounce or £8.4 million per year.
The p/e ratio of mining companies is all over the place but if we use a conservative 10 we get a valuation of the company of £84 million or 3.3p per share – purely on existing operations.
I had considered top-slicing but it just isn’t necessary.

I first got a heads-up fron the SXX chat about a year ago and when I reasearched it appeared to be a no-brainer. As soon as it started to rise 10 days ago I doubled my stake.

Yes it's all in ISAs!

..are going to be restless
You're not kidding! I have 9 million shares bought at an average of 0.65p and I am wondering if I am going to make a million quid.

Dimitri seemed keen to get some return on his investment sooner rather than later