Member Info for Makeabundle

I think TDT2 is less feeble-minded (he has an agenda after all) than desperate, as electrifying news reaches us from this key 115km2 area in the Urals. Certainly our BoD would be feeble-minded if they invested huge sums, as they have here, without pretty solid expectations of a bumper dividend. Who will we give the benefit of the doubt to? TDT2 or the BoD? TDT2 doesn't measure up, I'm afraid!

TrickyDicky will be highly critical of that Monster Dragline video and its ability to make a big difference! Just wait till it gets to the 17 km river course in the Tipil area in a few years' time.
Meantime it has lots of work to do! Pretty slow-moving piece of equipment but could electrify the NPV to the benefit of all LTH here - and maybe galvanize some of the bidders into real meaningful offers! They must be getting worried PGM prices will shoot up before they get their deal over the line. Just the way our BoD want them to feel. West Kytlim is the ace card
in all of this and they want all would-be buyers to know it.

Interesting that Tim has apparently updated his views about the Nazis in Ukraine. He now tacitly accepts Prigozhin's brutally honest, for a murderous thug like that who calls a spade a spade and does not hesitate to use it either, that this war is an opportunistic land grab and that his men are not fighting against Nazis. Perhaps Tim just likes to follow the leader, who ever that happens to be. If he gets an update on Nordstream that would be welcome too.

LRR - exactly the same occurred to me. Neither we nor the Board, above all the Board, want to repent at leisure!

Likely much much more than 65P when the war is over. I would have thought there must be quite a few buyers who, even now, would 'risk' 65P for the lot! - and quite a few who cannot take the risk that some one else will get it for 65P! NN for one.

If we knew what that offer was and it was available to the BoD right up to the invasion of Ukraine, we would be in a really good position to either praise or lambast the BoD. Personally I would praise them if they refused, say, 65P. I would be critical if they turned down, say,130P on the eve of the invasion with all the tension in the air at that time. That won't satisfy the 'take your arm off for 50P' brigade!

You spend 25 years on a project to let someone else get practically all the benefit in as little as 5 years when (not if) pgm and other metals roar again? I don't think the BoD are going to roll over - I like to think they are doing some here a real favour, although maybe not those who absolutely need the money now.

I have in front of me a print-out entitled: EUA deposit areas - by geographical location, deposit group & individual deposits, including totals for known/estimated resource quantities. Also another print-out entitled: EUA Deposits - estimated market value of resources once extracted at 14-01-21 commodity values. I note that the astronomical figures for Tipil/Flanks are printed in red - is this a warning that they are just educated guesses for what the BoD thinks will be found along that 17 kilometers of river course in the Tipil area for example? Anyway, a possible 48 billion dollar total for the extraction value of Platinum, Iridium and Rhodium would make this whole area, if proven up, a major rather than a minor component of EUA. BoD, please don't just throw it in to get a deal done!

Chairman Christian Schaffalitzky said: ‘In line with our strategy to expand the production volumes at West Kytlim, even as the 2019 mining season is ongoing, we are again utilising one of our Company's other core competencies, i.e. our in-house expert knowledge of geology and the Russian licensing system, to further increase our presence in the West Kytlim area and aim to grow the mine to be the largest alluvial operation globally this year. We are now established as a dominant player in the PGM space in the region and look to developing an operation providing a low cost PGM solution that is sustainable over potentially several decades.'
This is from June 2019. The original 21 km2 expands to 116km2 with flanks and Tipil.
In other words West Kylim is not, or will not, be a 'minnow' over the next few decades.
Even 68% of the value will be huge to any buyer who snaps this up in the near future for less than, say, 20P. Consider this: platinum on average over decades has traded at 1.25 times the price of gold, sometimes much more. There is little reason to doubt that it will do so again at some stage. Gold is currently about $2000 per ounce. Our BoD know all this of course. Every reason to be upbeat - and exceedingly patient.

Now Ryan has good cover - stage-managed? He can ignore the super-glue 'loctite' zealots of whom there will be, we hope, too few to stop the only sane decision, now that 'everything has changed'! I presume the moderate Greens do not want to spend 7 years in the political wilderness, or even more, if power cuts or blackouts occur to infuriate the electorate.

And sure enough more guff!

Better to be tediously right than wrong with malice aforethought. C.S. is indeed a trustworthy gentleman. Was much impressed with that video interview three + years ago - no guff and no fluff as RandRtrader would say.

No question for many on here - the BoD did not mess things up by refusing 70P or so , if that was the offer, which we do not know of course. If they refused double that after careful reflection, then most here would be critical, including myself, as storms clouds appeared over Ukraine. But then again, nobody believed that Putin would be so insane as to invade a huge country like Ukraine -so I prefer RandRtrader's measured approach as in his February post. Ignore the 'guff and fluff' on this board is his recommendation. Infrequent posters
tend to have more relevant things to say. Very noticeable on this board.

Up to 400 tons of gold and platinum. Mon dieu! as that Frenchman would say. Not mentioned by WAI because extraction is not economically viable and grades are just too low - that's how TD2 most likely sees it. You heard it here first. Or else, if within 5 miles of our deposits, get an application in quick!!

'You would have to be a complete dong to think West Kytlim was worth anything. It has only ever made a loss and the drag line is not going to change that'.( Your comment a month ago)

I will remind you of this comment when West Kytlim has been sold. When it is your defence will of course be: these people have been conned but they will not know it for a couple of years!! - and you will wonder why everyone is laughing at you - as I am now.

TD2 is getting really desperate with his insinuations. When you tell a lie tell a big one! That's the only way he can get by.

As each day passes it is strange not to see more nibbles at LOGP. Major shareholders will pay 1P to exercise warrants next time and maybe sooner than later as Boldy has hinted. Sorry if I am giving away a trade secret. I wonder what NorthAtlanticH thinks. Perhaps we are all a bit wary of Varadkar and his 'we' announcements, as if Ryan were in on the act! Anyone heard of heated discussions between that pair recently?

Sorry for that

Rees-Mogg: My dear Ryan, it is a pleasure to meet you. If I am correctly informed you are concerned about energy security for Ireland, are you not?

Ryan: Thank you for your kind consideration, Sur. O Ouai, these Russian ships off our South West are up to no good and we’re doin’ our level best to track them. Our frigate and two helicopters can’t keep up with them, Ahm sorry to say.

Rees-Mogg: Indeed but do rest assured that the Moffat Interconnector and its security receive our very best attention at all times. There can be no guarantees, of course, but interference with same would be very difficult for any enemy of the UK. We cannot disclose details of measures, recently reviewed in view of Nordstream, as you will understand.

Ryan: That is just what I wanted to discuss with you, if you don’t mind, Sur. If the woorst happens can you supply us buoy ship – I, ah mean we, have decoided to build a terminal for docking these ships -our next security review is sure to give the go-ahead very shortly –

Rees-Mogg: You are aware, are you not, Sir, that our North Sea gas is but a mere 30% of its volume as recorded in the year 2000? And you talk of guarantees? Can you offer a quid pro quo for such a guarantee?

Ryan: Ah beg your pardon, Sur? – ah ouai, we would be prepaered to offer a few quid over the odds for guoranteed uninterrupted supploy buoy ship –

Rees-Mogg: No, no my dear fellow! I was trying to be diplomatic but I see I must be plain with you. Could you in exchange supply us with your excellent-quality Barryroe oil that is so good it’s a shame to burn? I understand you have little use for it in Ireland as your country is soon to revert to the velocipede, for which you yourself are already setting a notable example in leafy suburban Dublin. I must confess I prefer my Bentley but that’s by the by.

Ryan: Now you’ve put me on the spot, Sur. I’ll need to consult my party first but if that oil is as clean and good as you say you moight just have a bargain now, so you moight.

Rees-Mogg: I would be mightily obliged to you, Sir. We are currently scraping the bottom of the barrel in our North Sea, you know.

Ryan: Leave it to me, Sur. Never let it be said ol’ Oireland ignored a friend in need!

Thanks as well, Swizz.