Member Info for Mikiesunday

Hey Seis, Thanks for the chrome work, just taken a look and i think the correlation is pretty evident. However, the really interesting factor is the price of chrome is still increasing quarter on quarter. This is making Leons latest expansion of 200k tonnes, ramping up to 360K tonnes, with a fairly short term target of 720k tonnes look inspired. Which ever way you look upon this, it is either phenonomal luck or superb timing and planning from Leon and the board.

Hey Ray, its screaming buy- loud and clear.

Well, what a lovely couple of days with leon throwing Canesten all over Bushey. The last two updates have been incredibly solid, with the latter clearly adding significant value to proceedings and immediately. With the financial year nearly up, i am expecting a stronger second half performance compared to the first half. Windsor production will be a well appreciated addition, whilst i am hoping Inyoni will out perform the first half. Plus ofcourse it looks like 3,000 tonnes of copper too. There is a small amount of cobalt kicking about too! I wonder if the new chrome plant will have any impact on the figures yet? Really looking forward to next year, not only with Roan cooking all year, but the new chrome plant appearing like an oasis in the desert. Not to mention the Northern project or Eastern limb unfolding! Oh my, how times change!

Seis, they must be planning to run Windsor for an extended period until the Eastern facility is up and running. Great news for the bottom line. Will help fund the Northern project. I can see it all coming together now. I have just re read the RNS and noticed the facility has been completed and is now commissioning. Thats great news, but cant understand why we are just being told? This is great news, but why hold it back until now, when the plant is completed. Maybe didnt want the disaster that happened to Roan? Wonder what else is on the go?

Haha Bushey, you were much more entertaining as Plat Hunter! May i suggest the Canesten Kid for your next evolution!

Well, what a sight for saw eyes that is! Couldnt have come at a better time and is certainly most welcome. Very importantly, Zambia is as per guidance. An annualised processing capacity of 360,000 tonnes run of mine per annum by the end of June 2023! Thats incredible! They state work has already started, but is that possible? I guess this means Windsor is going to be kept busy for a while, until the Eastern facility is up and running? Great news, especially for the bottom line, anyone had a stab at the potential chrome earnings from this?

Seis, im certainly glad i didnt buy Hum when he was pushing it, i would have lost a considerable sum!! @ Happy days, Im thinking , if he says sell, then its time to buy and if he says buy, then its time to sell!

Yes indeed Gotreal. I used to be an avid reader of the hunter, when he was incredibly pro Jubilee. He mainly posted on ADVN then, constantly in battle with an individual called Krypton Snake, defending Jubes, making a great case for the future, predicting anything was possible. All of a sudden Jubilee started to move and he sold out out in the 4-5p range. I was a little shocked at the time as he was the one who really got me into Jubilee. He made such a good call for the fundamentals and the technicals that would follow, it was hard to ignore. I guess at the end of the day he is a two bit trader, but i am very grateful to him, as he got me hooked and i firmly believe the fundamentals here are still off the scale, except we have some good technicals as well now, which is highlighted by the asset value. He came back as Plat Hunter for a while but i guess his credibility was shot at that point, so has now manifested as Bushey. He's obviously a tad bitter now. Large pint of Murphy's for Bushey!

Full year 2022 total assets £294 million. That is making the market cap look way undervalued, especially as the total asset value is likely to have increased by the end of next month. If that is not screaming buy, i dont know what will?

Morning Seis, lets hope so, the route map to Northern glory would be a sight for saw eyes at the moment. Keep us updated on all your little finds, no matter how small, they're great for my morale, so must help others too.

Looking like the pressure mounting to sort Mopani and Konkola. Hopefully news soon. https://www.lusakatimes.com/2023/05/25/ctpd-urges-zccm-ih-to-quickly-resolve-issues-that-led-to-the-companys-temporal-suspension-on-the-london-stock-market/

Hey Scott,

You are sounding broken, not surprisingly either after the last 2 years! But just remember we are making good money, admittedly no where near the highs of former basket prices, but still we are banking millions every month. There are many reasons the mood could change here, but i feel there are two very depressive factors. Firstly metal prices mainly PGMs have fallen dramatically and the share price is clearly tracking these. This can change very fast and at some stage the world economy will pivot and the world will be our oyster. Secondly, there is fear of dilution for the Northern Project. personally i feel this fear fades with every month that passes. Again, i feel, if this fear is negated and the pathway to 50k tonnes a year is illustrated, there will be a mass scramble for shares here. Sentiment can change in a heartbeat. We have only just been updated with a very solid first quarter this calendar year and it was intimated we would be updated on the Northern project by the end of the current quarter.

Hi Seis, was hoping for a little detail. Hopefully agreement cannot be far away. If HH told Leon it would be sorted in April, agreement must be close and we could hear anyday now. I think once the financing route for the acquisition is announced, there will be a sunstantial re-rate as long as its not funded by equity. Once there is a clear route to 40-50k tonnes of copper per annum, there will be a scramble to get on at these prices. Especially when you look at the shortfalls in copper supply predicted in the near term.

This could be very interesting. Any one got a way of monitoring/ watching? https://www.lusakatimes.com/2023/05/18/president-hakainde-hichilema-to-address-a-press-conference-today/

@ Dorf, we have just had friends from South Africa stay with us for a few days. They state load shedding has been particularly bad, but they have installed a battery back up system and now have no worries with load shedding. Presumably you have done the same Dorf and i am guessing anyone in a position to do this would. We have been told by the company they have installed a lot of power units to help alleviate the problem. This has been backed up by a solid first quarter as recently reported, which leads me to believe they will be able to improve on this in the current quarter as they come to grips with the issue more and more. The scare mongers only have one purpose, but in my view the ship was well and truly put back on course in the first quarter as demonstrated by the quarterly update, setting up the next growth phase nicely. Just need metal prices to respond now.

Yes, your right. Does Dr Mathews Phosa have any left?

FFB, those option shares have been well documented now and relate to matters some time ago. They cannot come as a shock to anyone. I think that almost extinguishes most of the options remaining. Has anyone got the figures to hand?

Leon clearly is a winner. All winners from time t o time, make a mistake. Its not about the mistake, its about the recovery from the mistake. The greatest leaders the world have ever seen, have all made mistakes and i back Leon to become a great leader of a world wide company. He is growing a company fairly rapidly in a macro that is difficult to say the least, most would say incredibly challenging. Yet we are now producing multiple metals with massive growth already pencilled in. The biggest factor affecting the share price at present is metal prices and Seis on several occasions has demonstrated how the share price is almost hand cuffed to rhodium/ pgm prices. This will change as copper production becomes more apparent, but in the meantime we are handcuffed to rhodium /pgm. However. the reduction in rhodium prices does offer an incredibly cheap entry price to a copper play. A lot of the expense and planning have now been made on the copper business, which makes this a great entry for anyone looking to get into copper. I think most economists are now agreed we are very late in the increasing interest rate cycle, with consensus saying cuts to interest rates Dec this year. If this remains the case, at some point the market is going to price in this stimulus and metal prices are going to increase, pushing up the rhodium/ pgm related share price with the added bonus of copper production and hopefully a very advanced northern strategy. There is a lot of pent up energy here waiting to be released. That is my reasoning for being a buyer over the last 2 years as well as previous years. For me its not about month to month trading, its about a long term growth strategy that will multi bag many times and lead to a handsome dividend. With the potential when funds allow to replicate time and time again.

Hi Dorf, It is frustrating, but at the same time it does feel like matters are getting very close. I would imagine there are lots of different entities ( political and non political ) involved making this a very complex situation, to iron out. We certainly know, Leon is a deal maker and i am fascinated to see how he is structuring this deal. Especially if the rumours eminating from our chairman and Slaters are correct and there is to be no equity raise. You are very right about patience, but i dont think we have long to wait now. Every week we are banking more PGMs and copper now, so a little more patience may just make the long term so much more profitable with no equity raise. The next step changes everything and transforms the company. I am happy to wait a little longer, especially if the new 40kton facility works out, coupled with expansion at Roan. Life after that will be considerably easier and faster.

A couple of very interesting and relevant reads. https://www.lusakatimes.com/2023/04/29/copperbelt-residents-demand-decision-on-kcm-and-mopani-mines-from-president-hichilema/
https://www.lusakatimes.com/2023/04/30/government-says-it-has-found-solutions-to-challenges-at-konkola-copper-mine-kcm/