Member Info for olddrongo

HD43 wrote "It's more likely the chrome concentrators were built with our shares with the intention of always selling to this particular owner"

I know others might not agree but this is looking like the most obvious reason for this debacle.

OD

The RNS effectively rubbishes the rise in PGM prices insofar as it's relatively insignificant compared to chrome.

The tolling agreement is terminated and it does not make much profit.

The increased chrome production now greatly increases the size of the PGM stockpile.

The understanding regarding the sale is that because we don't own the ROM PGM material, the profits are never going to improve much despite the PGM price rally.

So, am I missing something here. Why don't we process the stockpile which is a by product of Chrome production and not have to purchase PGM ROM material at inflated prices, probably from the entity that now wants to buy the business.

OD

Seis, you make a very valid point. But, how transparent is Leon going to be in ensuring he does not pass purchased stock over to the buyer and then perhaps also leaves unsold chrome & PGM for the buyer to get credit for - all for the $90m transaction cost.

OD

As I posted last week, I think Air Products is the company. Even though they are not proceeding at Immingham [yet], they are still expected to be shipping ammonia from NEOM in 2027, so they are gonna need to crack it somewhere.

OD

I am a long standing JLP shareholder, but I too would welcome an averagely sensible bid for the lot. If I had my cynical hat on I would be thinking that this part disposal was by prior arrangement, whereby JLP proved up the tech and then sold out to a party that owned the resources.

OD

The NEOM green energy project in Saudi should start producing ammonia from 2027, the date that AFC said that revenues would commence. It must be Air Products

Remind me what happened with Star Zinc?

Price of platinum is now over 1100 - why are we even contemplating selling this core part of the business off? The % profit increase should now be considerable.

OD

I don't see how this benefits Slater. Infact, I don't see how this partial sale benefits any of us.

OD

Iky, you sound more and more like Trump!!!

The price is rising,

Is Colin resigning!!!

My money is on the runway!!!

Does anybody understand how the ASX listing will work. In particular how does GGP create shares for the ASX market if there is no placing at the time of listing. Or can shares be swapped from London AIM to ASX.

OD

Expect Colin has decided to stop using analytical as his LSE username!!!

Over the years many PI's with various shares have commented that it is good for the share if long term institutional investors are invested. I'm struggling with this notion because all I see is they get cut price shares in the placings, sell up to make a quick profit or eventually sell down [as is happening here] to depress the share price over an extended period when things do not go to plan with the company involved, as per JLP atm.

Anybody else got an opinion on this or am I just stupid.

The RNS will probably tell us that those big shiny yellow diggers are on 24 month delivery!!!

OD

Akhan, most on here are just like you. We should all have been certified insane for following the little birdie for so long but you never know with birdie.

OD

Let's hope the lawyers have not been too involved since December; otherwise we will need another fund raise just to pay their fees!!!

OD

How long ago was it when Birdy posted a picture of some shiny yellow diggers on Twitter saying ready to mine.

Mr Bird, I challenge you to join this forum and post to substantiate some of your previous bluster. No wonder the share price is only 1p.

OD

Gray, exactly my thoughts. Never straightforward with Leon.

OD