Member Info for Mikiesunday

Just highlights our flexibility in production.

Slightly weaker chrome numbers than i was expecting , but i can see why with the PGM number. They must have used a feed tilted towards PGM’s, with the marked rise in the PGM basket. Smart move. Can see a switch back to chrome emphasis in the fourth quarter with the increased chrome price. Especially with the joint venture in place for PGM’s. Great update and smart move to keep drip feeding the good news. Our new FD really got his head screwed on.

Indeex Seis, im getting quite excited. The impact of the 2 new thutse modules was seriously curtailed by falling chrome prices in the first half. Feels like the gods are finally on our side! Chrome is definitely the one to look out for in the full year accounts. Could finally produce the numbers we predicted some time ago. This would make the current share price ridiculous!

Congrats to JMK & Dr MP. Sounds like very solid news. Had to have a little top up at these prices.

Nice to see Tharissa reporting chrome prices at $297 per tonne. Hoping to see 500k tonnes produced in last quarter. Current quarter could be explosive. With the previous 2 RNS’s adding nearly $10m over the next 12 months, we could be in for some serious growth if the chrome prices holds. Exciting times.

With copper and PGM prices being exchange traded, there is no surprise they are dropping.

There is some comfort in chrome, that is not exchange traded. I am hoping chrome prices remain stable and even keep rising.

Not just that Seis, the substantial increase in chrome ROM purchased, drained the cash, whilst waiting 75 days for the money to return. This would have seriously lowered the cash at hand on the accounts. But should reverse itself in the current half as well as chrome margins jumping.

Shouldnt be long to wait now Gray. I hope they get an early quarterly out, with guidance for the rest of the year. Hopefully they do this within 2 weeks.

Moneyman, any kind of stable increase in copper will cause a turn around in the share price. If the copper concept is proven with numbers, this is massively oversold and we can expect a re- rate. Its just a question of building up to 25kt then. Copper margins will widen with productivity increases. The last 6 months would have seen all the costs with very little production. Lets hope this 6 months sees a jump in production.

Frog, a little humility is rather becoming in these situations. Everyone knows and can read. More important Leon should be apologising for misleading shareholders yet again. His mis truths and thats the nicest way they can be described are shocking. He has a back catalogue bigger than Elvis Presley. He is the route of the problem here. Time for change?

Northern, my understanding of Project G, involved refurbishing the on site concentrator. I believe the end of Feb, was the target date. If so and completed, this could add a fair number of tonnes to equation this month. We should get an update with the accounts.

Next day Kalan!

Frog, 1kt of copper per month is much more important than the IRH deal at this stage. . It means we are heavily profitable. Probably means we can go it alone on the big waste project if necessary. Also means everything works at a commercial scale. It will be a proven concept. Just a matter of time then. IRH is the cherry at this stage.

There are numerous reasons for the late results. My favourite one, is they are waiting to confirm 1,000 tonnes produced copper in a month for the first time ever. I will not say my worst one! The problem is we just haven't got a scooby as is usual with Leon! If you trust the latest tweets, all appears to be rosey, but they were cut short. Communication has to change or it will be up to us to change the communicators.

Not so sure Frog. With the Mufulira tailings, there is plenty of scope to process these at Mopani. If the price rises, the Mufulira project becomes more relevant.

Morning Dorf, wiser than ever. I feel we are at a cross roads. I sincerely hope Leon comes out with a blow the doors off update and we all muster around him. There is so much potential here, it just has to be exploited. Lets hope Leon is that person.

Possibly Seis, or maybe just trying to detract from the lack of progress.

Whichever solution is chosen Frog, we need to start making progress! I think they bought M approaching 1 and a half years ago and have basically produced nothing. Its an open pit mine and that is not acceptable. There needs to be some clear direction and leadership. Whilst i thought 18 months ago the direction was appearing from mist, the leadership is sadly missing. I’m hoping someone in the organisation is going to step up to the plate and get production moving. The next update will be very telling. We can have all the projects in the world, potential coming out of our ears, but if it is not harnessed and developed, we will be having this same discussion year after year as we have been. Its time for Leon to step up or step aside. The next update is crucial.

Seis, the only other advantage of IRH would be their spare processing capacity at Mopani. This said i would rather go it alone. The potential profits out way a slower start.

Https://www.proactiveinvestors.com/companies/news/1068022/copper-equities-set-to-rebound-as-price-gains-outpace-sector-performance-1068022.html?rel=scroll

@ northern, @ seis, the cobalt price may move the mufulira **** heap project up the pecking order. i believe there is spare processing capacity at mopani as well. this could become a main priority, although if the drc turn the taps on, the price could drop dramatically.

more relevant atm is the pgm stockpile. tharissa’s basket price announced today is around leons target to bring the joint venture into play. this would be instant dollars on the bottom line. time to act? or is there concern the pgm price cannot hold? a bird in the hand springs to mind.