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Can platinum really be t-h-a-t far behind? - it is apparently 30 times rarer in the mix than its illustrious companion. Pity platinum wasn’t the Gold Standard - could the Green revolution be revolutionary in more ways than one - and put platinum back to a premium?
Take away the Rosgeo JV total from the 184.6 oz platinum equivalent total referred to in the RNS 8th February 2022 and you are left with nearly 80m oz. If you allow just 3% as the average price for all these reserves and resources at an agreed Platinum price of $1000 you have $2.4B. This is before you consider the value of both the Nyud Licence and the recent extension to the NKT licence as well as WK. Have we got a happy Chimp now!?
Throw a green cordon sanitaire round the bots to prevent disinformation, inconvenience and to promote a healthy board. Contemptuous neglect work wonders.
Most unfortunate time to sell 1.2 million shares, I must say. I take it that is Richard 98? If so, I've had him in a green cage for months now. He must have been really rattled to do an insane thing like that. Sorry Richard, I didn't mean to rattle your cage as hard as that! Or maybe he was being a little bit 'cagey', shall we say, about his true position?
That seriously rattled a lot of green cages - excellent work as ever, jaygee!
Mjd2020, thanks for taking that malicious prat Offler apart. Platinum in South Africa is mined at increasingly great depths with an average AISC approaching $1000. The BoD commented years ago that alluvial WK will still be producing when the others are gone. Is it time to show Offler a green card?
Offler, have you not considered that Potanin and the state-backed Chinese might be the only ones left standing at the negotiating table and that two giants are fighting it out for our tier1 world-class assets?! It is possible, you know. Bruno and friends should cheer up a little, just in case that is what is happening!
RNS 16.12.21
Nickel is the main metal comprising half of the value in the metal basket on a Net Smelter Royalty ("NSR") basis.
If that was the case then, it must be much more the case now, considering that Nickel is higher and Palladium much lower at present.
Superior strategy here is to keep buying more and the ill-wishers behind green bars. I do take my own advice! By the way, I went over to SOLG to check out the recent excitement and lo and behold, I’m greeted with (you’ve guessed it) a fair number of green bars. Now, where ever have they come from?! What a way to waste away your life.
If Platinum were at its long-term average premium of ca 25% to Gold its price today would be ca $2800. How much longer can the price stay this low, I wonder?
Something that stops the Chinese returning to Bejing with broad smiles on their faces. Mind you, if they paid 2.5B they would still be grinning.
There is definitely massive value. There is absolutely no chance that this will be sold at 40-45P, if it is true that there are still genuine bidders who wish to secure these world-class assets with future metal prices in mind. China is currently hoarding and trying to add to its copper reserves, because there will be future shortages of this key metal in the next few years. It is not the only key metal in EUA's basket, however.
I’m sure you’re right but I can’t see what they’re stirring in that pot.
Trust our BoD to adopt the best tactics in the circumstances. If we are in the dark what about the buyers? They too will be wondering where the money is coming from and if it is likely to be running out. It is all designed to ‘concentrate’ minds, increase competition and sharpen appetites. The message might be we are in no hurry and are going to wait as long as necessary and can you really afford to wait much longer to secure these assets for the future with future prices in mind?
I think they will be satisfied with the 15% tax. I also agree that lack of communication and news is probably not all down to NDAs or the BoD. The BoD may originally have expected to be able to publish that DFS for example but were advised not to. If so, you cannot blame them for complying. There is every incentive for the state to want to see, indeed to insist on, fair value being achieved. Most promising for all bona fide holders of this share.
‘Britain behind Moscow terror attacks, claims Kremlin’
No doubt a few of Putin’s fans on this board along with G.Galloway will be able to offer evidence - after all, It is most suspicious that Obama was in London three days before the atrocity happened.
Dutiful servants, all of them. Preexisting cognitive faculties, if any, must perforce fail at the foot of the master - otherwise a terminal fall from grace may well ensue.
Putin’s lapdog, I would say.
The Kremlin has launched a disinformation campaign spreading false claims that MI6 and other Western intelligence agencies were responsible for Friday’s terrorist attack in Moscow.
A network of automated “bot” social media accounts has been sharing links to fake websites, designed to look like well-known news outlets, that blame the West for the massacre that left 167 people dead, The Insider reported.
According to a report by Facebook parent company Meta Platforms, the spam attack was carried out by the Russian IT companies National Technologies and Social Design Agency, both of which fall under EU sanctions and have been linked to the Kremlin.
I found the perfect camouflage for the robotic Mizman - key colour is green and is guaranteed to obscure him to perfection.