RE: UT Trades via Auction20 Mar 2021 12:12
The true value is in the fundamentals Gecko it always has been, hence why it was a no brainer to load up on the 0.2 dip some years back. People can follow the SP every minute of every day, but that isn't where the value is, the value is what's in the ground and their plan to make money from what's in the ground, everything else is just noise, even more so in a FSP where the buyer is valuating things using DCF models etc.
To us right now, Rhodium is a stand out fundamental which is known to be at both assets, small percentages of the stuff changes the potential financials quite dramatically at $29,000 an ounce. Iridium and Palladium as they climb, also make a huge difference to things. It was stated some time back back that they were looking to use $2500-$3000 for the Palladium pricing forecast on valuations, i'm sure it was Dmitry who mentioned that in interview. That has proven to be an accurate pricing window from when he forecast it quite a long time ago. Now people are touting potential $3500 figures going forward, it all helps with the fundamentals.
The FSP will conclude, the chances of it being announced last week were perhaps quite slim due to the GF funeral situation in hindsight, but it won't go on forever and the binding deal will be announced, they even stated that further announcements will be made in the Monday RNS in dues course, so we simply wait for due course.
GLA