Member Info for moneyhawk

Difficult to tell how many they're selling. We don't appear to have a matched trade today, but the last one for 2,172,117 equals the amount of other trades today that look like they are part of it (except for the 2M trade).

Maybe in a few days we'll see a few more that end up matching the total of 9M+ trade from yesterday? Would explain where they've gone and why it didn't impact the price at all.

Staycalm, my guess for today is 4,172,117 :)

Will be interesting to see what happens if we do have a positive result. A sale after the drill is an option, which would be great and RMP more than likely to see a better % rise as a result. But DW has suggested going into production is also an option. If that route is followed, it will require more cash from the consortium partners, and there's only one way RMP would be able to raise their share.

By that point we should have cash coming in from the conventional farmout and maybe even the long awaited tax credits. Then there's the HRZ farmout to come, perhaps even Yukon Gold. Not ruling out a further placing for funding winx into production, but going forwards that won't be our only option for raising funds.

That is true, there are no guarantees that we will definitely have a farm out deal by the end of Q1.

Although DW hasn't said anything about end of Q1, he's only said Q1.

Therefore many have taken the end of Q1 to be the longest likely timeframe. I suspect the ambition is to have a deal finalised long before the end of Q1, and he's just stated a vague target of 'Q1' instead of a more precise deadline to allow more flexibility and avoid overreactions in the market if they go past that by a week or two.

Just thinking the same thing Staycalm. So far, 2 trades totalling 900,000 shares involved, (400k & 500k), showing as 'sells' for 2.515 and 2.52. The ask had been increased from 2.5 to 2.6 beforehand so it looks like they are actually buys to me.

I suspect we'll see the two matched trades covering the total later this afternoon for around 2.5p and 2.3p.

Possible that there's also a trade of 158,294 from yesterday to roll into the 2.3p as well, unless that one was covered from the large sale yesterday. (10:21 and 15:58 matched trades from yesterday)

Vig, it would not surprise me if all the money BMR is getting from selling JLP shares has already been allocated for something other than an acquisition.

My suggestion is not a serious one btw. But you never know, it does tick all the boxes. We're now on course for building up a very viable and profitable portfolio of projects that doesn't involve tjate, and to develop tjate now would be a big diversion from our current strategy. BMR have tweeted about making an acquisition involving a licence, which tjate has. It would provide AB with something to fleece a new group of investors with. CB would continue his involvement with tjate, which he used to pin all our hopes to.

I think we have to accept tjate isn't really worth much with platinum being so low. The £1b+ NPV was calculated when platinum was much higher. So a sale of it, at any price, would probably be in our best interests and the proceeds used to develop our current projects.

The latest assessment for the NPV which I saw buried in the 2017 annual report, and repeated in 2018, is an NPV of 1.4b ZAR. On current exchange rates that's about £77m. Spread over a mine life of 20 years, that's not very much per year for what will cost 100's of millions to develop.

Maybe the recent rises of pallidum have improved that figure? But its doubtful in my view that the economics of it will have changed enough to be attractive for the level of investment required.

Perhaps we could sell it to BMR in exchange for the Kabwe Royalty and the cash they've raised from selling our shares?

Depending on whether those other trades this month were also BMR, I make the total remaining 16,092,586.

If not, then BMRs total remaining would be 21,206,094

That last trade looks very much like it could be a BMR sell.

9,946,599 at 2.25p.

No impact at all on the price, so must be a buyer lined up for them. A couple more of those and hopefully things can start moving here.

It would be more surprising to me at this stage if DW was giving out quick replies on anything. More than likely we're in a news blackout period on anything Icewine/FO related due to confidential and highly price sensitive information being involved.

Possible that bids have been made by now and we're now in the stage of either bid assessment, negotiation on those bids, or even finalising the contracts. Also possible that we have more than one major that has submitted a bid, and I doubt DW will be wanting to shut the door on one of them without very careful consideration.

Tbtt, I doubt you're alone in thinking that. I'm certainly thinking the same way!

You do have to read the presentation pretty carefully to work out there are others involved and RMP don't have the whole 400m all to themselves.

The way it comes across from a quick scan read is that RMP own the leases and are drilling themselves to prove up 400m barrels.

Just a thought, if we were ever going to consider listing on the NYSE, then consolidation would be required, unless we see a very dramatic rerate of course. Listing requirements are minimum SP of $4 on initial listing, and a minimum price of $1 must be maintained.

That would be the only scenario in which consolidation would make sense to me, and there's no sign of a NYSE listing being on the agenda.

Don't really see why it would make a difference myself. Won't change the number of shareholders, just the number each shareholder has.

As far as I'm aware all institutional investors will be operating on defined criteria, such as risk, industry sector, what exchange the stock is listed on, current and planned activity, minimum MCap, assets, and various other fundamentals. If we don't meet the criteria for them investing, then we don't meet that criteria, consolidation won't change it.

Maybe that's just a typo and 'rs' was added to the end of broke by mistake?

yes, sound like he's on a mobile with poor signal.

I hope the emphasis he puts on vanadium does imply they are prioritising this. Although what he's said before is that zinc has to come first, and then lead and V pretty much come together. Also sounds like he is confident of getting sable, and all planning is now on the basis we do get it. If we don't, will be a set back. Not a complete disaster, but will obviously push back production starting by quite a bit..

Troajan, very true. But if the JLP presentations are to be believed, our earnings are going to be exceeding our current MCAP in the not to distant future. Even on a very low P/E, say 4 or 5, there's a big correction coming.

But no sign of it happening, hence I say the market doesn't believe it and proof is going to be required. (Admittedly it does sound too good to be true!)

Looks like Brom was spot on last night when he highlighted that uncrossing trade of 1.22p and what effect it would have.

Showing down today as a result, when in fact the mid price has risen from where we would have closed yesterday without that trade.

Sumoskier, I think we're all in agreement there about why there's such limited reaction to our prospects. Most likely reason is simply that the market doesn't believe it, and proof, via financial results, will be required.

I'm not sure if the managed trades we're seeing would be linked to a possible future placing. I don't recall seeing similar activity before.

My theory, (just my opinion, may be wrong), for what's happening is that a large holder wants to exit (most likely BMR), and they are selling through a broker that has struck a deal with one or more market makers. All the trades we see going through in the day flagged 'single protected transaction' are buys, and at the end of the day those buys are tallied up and the MM replenish their stock from the broker who is handling the sale. That would account for the trades we're seeing, and why the MMs are in no hurry to move the bid because they know they have a supply of shares at a prearranged price and are making money from those.

e.g. take yesterdays trades:
* 6 trades across the flagged 'single protected transaction', total number 258,493 - These are normal buys on the market
* 16:37 Trade of 258,493 @ 2.5p - This would be the MM buying from the broker to replenish their stock
* 16:42 Trade of 258,493 @ 2.3p - This would be the holder selling to the broker to cover the trade

Look on all previous days this month where we've had matched trades and you see the same thing.

Looks like the increased volume today has enabled a few more to be offloaded.

258,493 @ 2.5p and 2.3p

Total now 5,113,508

As on previous days with these trades, the amount matches all the other trades that are flagged as 'Single protected transaction'