Member Info for oufc

Looks like another day of buying that's being to be soaked up by the seller, hopefully the interims at the end of May will generate enough volume to finish off the selling drag and it will be time for the much needed rerate. In the meantime the pgm basket price seems happy to sit at around $4,200 so the cash keeps rolling in.

There's an article with Afritin in Modern Mining if anyone is interested.
https://user-54716422671.cld.bz/Modern-Mining-April-2021/16/

Just a case of patience here I think next upward movement in share price will be on news of successful by-product methodology.

In my view the silence has been caused by a delay in the initial production of copper concentrate from Phase 1 of Roan project.

Leon has been on the front foot when everything is going in the right direction, i.e. production up, financials up.

Hopefully the delay is just a consequence of short term issues rather than a more structural problem , Im still holding and in theory everything points to an upward share price movement , perhaps Leon will maybe learned to tone down his enthusiasm and not predict things on too tight a programme and allow a little wriggle room.

Excuse my ignorance, but do we extract PGM's from the chrome tails? (like the JLP system), if so will the Vulcan plant also increase our PGM production as there's less material to treat with the ultra fine chrome element removed?
I assume not and we are mining certain reefs for pgm's and different reefs for chrome, but would be interested to know.

My reading of it is that they were hoping the tantalum could be magnetically separated from the tin concentrate, this would have been the easiest / cheapest route, so they tried this approach first, when that wasn't good enough they have begun trailing the next upgrade and will continue with this approach until they have achieve an efficient process. This will then be trailed on bulk samples and required plant and equipment added to the plant. I'm confident they will be successful, it will just take some time. It looks like work on the Lithium separation process is being investigated in tandem with the tantalum so the Phase 1 (IV) expansion wont be from a standing start.

Hi FireAnt,

This is just a trading update the figures will be given in May with the final results, they wont be world shattering but hopefully iodine prices will continue to recover and they can be a bit more forward looking.

If the share price doesn't move after the 6 month interims in May, where the full picture of a company throwing off cash should be set out in black and white, I will be amazed ( and very disappointed!!). This combined with a healthy interim dividend and more news on the potential expansion / diversification projects should really put the company under a spotlight for investors.

Good bit of general background information.
https://www.edisongroup.com/edison-explains/tin/

Hi TBT
Well I added a few more this morning, although I've got a feeling your right and we will have to wait until the interim before we get a major move in the share price.

I think initially the biggest effect when we start production of tantalum is achieving proof of concept , they will then be able to increase efficiencies along the way. The company has got amazing potential, when we have both products up and running effectively it should be possible (easier) to raise the necessary finance package for the phase two main plant

Hi TBTT,
Excuse my ignorance, Ive been looking at Sibanye Stillwater, and it appears the only way for me to take a position would be to purchase American Depositary Receipts (ADRs) on the New York Stock Exchange (NYSE) in the United States of America. The ADRs trade under ticker code SBSW (previously SBGL), I trade through ii and it appears they dont allow trading in the JSE shares. Do you own/ have knowledge of the ADR shares (seems that 1 ADR represents 4 ordinary shares), do the adr shares rank equally to the normal share issue for dividends/voting and such like?

I know its unlikely but if the current PGM basket and chrome prices hold up for a full 12 month period we will be getting close to a company with an annual revenue of a billion dollars ....wow!

Unless of course I've got a decimal point in the wrong position!

If the current spot price for Metallurgical grade chrome is $180/t does anyone know a ball park price for the higher value Specialty grade chrome we produce, as its around 24% of our total production the uplift must make an appreciable contribution to our revenue.

Hi TBTT,
And, as everyone is aware, ignoring any minor inflation/fuel etc increments, it doesn't cost a penny more to produce that extra $73m of revenue ( on an ounce by ounce basis at least), so while the tax bill might go up a bit our profit levels for the period must be a company high!

Well I brought a few more yesterday, but only came onboard this month! Seems to be well positioned, if they can successfully sort out the bi-product streams this will prove up a massive commercial opportunity and should hopefully enable the finance to be sorted out for the 5,000t a year scale up.

That compares nicely to the Rhodium average price of $9,740 for the first two quarters. Everything is lined up for a great set of interim results.

Good presentation, with an updated document, the 6E Prill split is handy and useful for potential investors, as is the commitment for the interim dividend, margins on Chrome at $180/t are adding to an already healthy free cashflow

JSB1989, thanks for the figures, which ever way you cut it, that's certainly a healthy cash build. This weeks webinar will hopefully highlight this, although its looking like we will have to wait until the Q2 update or even the interim results before the market takes this on board and we get a re-rate. With the updated presentation we should also get some more information on the Zimbabwe projects which could be an interesting use for the cashflow.

I'm sure its been answered before but what percentage of iridium makes up our Prill split, it may well give Rhodium a run for its money eventually, its getting close to doubling in price in 2021, and even at lower quantities will help support the basket price.

Blimey , has the share price still got a heart beat!