Member Info for MrSam

Except they have production costs so the margin would multiply it several times.

Crazy swings today. Trump has announced the straits now open...the modern day king canute ffs

Wti and brent price is narrowing. Was $7 at the start of the week, now $4. Is there any reason for this? I can see on the chart significant resistance for brent at $85 but appreciate input here. Many thanks atb

Hearing mutterings of $90 open tomorrow on oil. How long will that take us at that level to go debt free and accordingly profit per annum going forward. Based on an arbitrary PE of 10 what target share price will that lead to. Thanks in advance and good luck all.

Is that WTI or Brent?

want to be out of this over the weekend...lol

They don't want to release an RNS atm because it will draw attention to the company and thus pressure will be put on the UK govt to put them on the black list. Quietly accumulating here waiting for the next 50% spike which happens here quiet regularly. Atb

No sale doesn't change fact we have all the acreage to mine ourselves. 4p to 5p isn't an option unless Putin does a state landgrab on assets in which case it will become 0p.

And changes the 'good price to pay' to the current share parice!

To have got out with £500 profit...hope not to many get burned here

Surely a worldwide portfolio of metals is a good hedge against impending war...this rise has to have a few more days left in it. Gla

Reinvest the profits here in cut price eua shares once the ukraine situ becomes clearer eh postmanporsche? :-)

Been sat on the side watching this leave port for the last week! Chucked £5k in first thing the morning at 8.4 and up 20% already! Topslice when it's bagged for me if possible! Gla

But does anyone see any issues with CDL? Looks too good to be true. Not to much chat on that board but it's 5 bagged while I've watched it in the last 2 weeks and I've not dipped in. Cheers and apologies in advance!

Why is there no LOL button just recommend!!

Perfect timing from the big man ;-)

Please put me down for 17th Feb Ian...my 40something birthday. Hopefully this will come in before I retire!

In 5 minutes Rodders ;-) GLA

Happy to wait as long as it takes but wondering if anyone has any figures for how we are doing currently with regards production and sales of PGMs. Appreciate we are fully funded but would be good to know.

Good post in general mugwump but a few points to note.
1. You have forgotten cost of extraction, let's say $500 per ounce to be conservative. This drops things by 25% for starters.
2. Perhaps more importantly bead in mind that the price per oz of $2000 is only down to current world supply and demand. There will be posters on here that can tell us what the annual usage of the various pgms is. Therefore there would be no point us (or our buyer) producing say 2mln ounces in a year if we can only sell 500k ounces at good margin. However it may work in our favour if we can prove that we have perhaps 25% of the worlds deposits, (if we keep land grabbing this could be a possibility). We could then go down a de Beers diamond route and drip feed the market maximising our margins and thus the dividend. I'd be interested in other posters views on this. Atb.