Member Info for Monkey70

If, and this is a very big if, the company did a RI for 250m shares which is about 9% of the total share capital - I would, in theory, presume the SP would drop 9% BUT it can go the other way because of the reason for the RI which would be to bring added value to the company itself.

GLA.

Casa - This was also before the WK resource update (+43%) too, wasn't it?

GLA.

Very quiet and low volume today. Down 4%. Last top-up this month (1,035 @ 25.7).

The calm before the storm? Fingers and toes crossed :)

GLA.

As has been said before, the market believe we are worth no more than £700m and will keep us within this range till FSP news.

I was going to say, perhaps an increased resource upgrade for MT but after what happened with WK, they will drop us again (laughs)

I expect FSP news and a conclusion between now and the end of June and I will look to top-up whenever means allow - like this morning.

Chilled with a rum.

GLA.

Very true, OKForNow.

This share has taught me something priceless - patience - the best things come to those who stay the course.

Have also had a cheeky top-up after rummaging down the sofa. 1,045 at 25.95p. Inching closer to that 300k share figure I targeted a while ago.

Chilled with a rum. Ignore the green noise.

GLA.

That would make sense, EE.

By PUSU, I presume you mean something along the lines of a 28 day deadline to come up with a binding offer that is within the catchment area of what the BOD value the company at?

GLA.

Mike - Be selective. Use the filter button up there. Works wonders for me.

GLA.

I concur, Montmuzard. MT is the cornerstone of the Kola Project and, IMO, it will not be split.

GLA.

"This is an investment for the patient. SP is falling a bit now so there will be some moaning. "

The only moaning will be from the traders, holders who do not fully understand EUA and the usual suspects - the bots.

For those of us holding out for the end-game (the majority, IMO) it means nothing. A very positive outcome which gives the BOD a stronger hand in negotiations (as mentioned in the last RNS).

Chilled with a rum.

GLA.

https://www.miningweekly.com/article/platinum-sits-in-hydrogen-economys-sweet-spot-wpic-2020-10-20/rep_id:3650

This was posted on the Telegram group. Good read. Demand outweighs supply.

GLA.

What a lovely scenario, PompeyRod - I'll be the first to get you a drink if that comes off :)

BTW, would the Japanese have been able to 'gate-crash' the FSP if they were not part of the initial bidders? Or do shipmates' reckon they were in from the start in one form or another?

GLA.

GS - MT is the 'cornerstone' of the Kola project so, IMO, it will be included with the JV areas.

GLA.

Strong buy NOT weak buy. Bloody rodent :)

RMR - Aye, we sound grossly under-valued at something like $6.6bn after reading your post :)

If that is for MT and, say, in the data room, there are drilling reports that lean to 'proven' rather than 'possible' for everything else including MT flanks - oh, and not forgetting the 104m Oz......

I would not like to put a price on all that however, I feel even with my £3.75 take-out for everything, the buyer(s) are getting a pretty good deal and will make much profit over the life of the mines. This is lower than a respected Twitter poster who believes it will be a quid more.

https://twitter.com/DShox1/status/1379426426978361345/photo/1

This is a once-in-a-generation opportunity for whoever is interested with the green revolution, the bullish price forecasts, the low extraction costs, nearby infrastructure, local skilled workforce, security from the state, no debt, one of the best in his field in the new role of CEO (for the buyer) and truck loads of PGM's along with a multitude of battery metals even in the mining waste.

What is not to like? I will be adding to my 294,350 shares if I get the opportunity at these prices but I believe we will be sold before I get my salary at the end of the month.

Feet up with a rum in the glorious sunshine.

GLA.

PS This is for palladium not platinum - the latter has a forecast to be bullish but not to the same degree as the former.

Interesting. 12 months from now it is forecast to be $3,800, 24 months - $4,900 and 36 months - $6,200.

https://longforecast.com/palladium

We have an appreciating asset and this, obviously, will be taken into account by the buyer(s) in their bid(s).

GLA.

Mike - Anders is as straight as a die.

Not everyone wants to live in a £10m mansion and shout their wealth from the rooftops. Especially if you are from Yorkshire, like myself :)

GLA.

Fully deserved. An astute gentleman with a good eye for an investment. Still remains a big holder for the end-game.

GLA.

That is a well thought out potential scenario, Caw. Enjoyed reading that and it is certainly more than plausible.

Enjoying the sunshine with a half-chewed frisbee and a mental Sprocker.

Home straight :)

GLA.

Montmuzard - I agree in part but the FSP has been going on in an official capacity since July last year and if there was a strong likelihood of not getting 'fair value' as defined by the BOD, we would have activated the SinoSteel contract before now. UBS would have been informed what the ballpark figure is.

It would be a hell of a gamble for a consortium to call our bluff as they stand to lose (not only revenue but customer supply chains) while it is win-win for us (worse case, we mine ourselves and reap the rewards a year or two down the line). Not only that, they risk someone else snatching away what they want. We hold all the cards, IMO - and I still believe the Rhodium is their trump card (DS mentions this several times).

Perhaps, it was a condition of a binding offer for these changes to be made for the new buyer but if that was the case why couldn't they have done it themselves post-purchase? Or like you say, could be brinkmanship.

It is certainly hotting up :)

GLA.