Member Info for PIface

Nice to hear these figures mentioned. Some may be lost in transalation. If 2 billion turned out to be value of whole company with flanks that would be fine by me and I would want the deal as front loaded as possible - here for a good time not necessarily a long time though would keep it all under review. 250million a year EBITDA seems entirely possible given extraction costs are not high relative to metal price and it is true that would put a very high value in company, but would have to bear in mind diminishing asset. Would produce the profit to reinvest in other opportunities and we know of other areas already though so company can remain valuable though. 20 to 80p a share entirely a reasonable range to hope for I think in very near term. I like the amount by which one can be wrong and still come out smiling.

No they have 2million ounces of palladium equivalent state approved reserves at Monchentundra worth maybe £3billion out the ground and then a load of nickel and copper (think in region of half a billion when worked it out) and the flanks have an estimated further 13million ounces so times a factor of 7.5 for the pd. You could look on the company website or in the RNS. You seem to refer to WK perhaps which also has new flanks and Rhodium as well as PGM metals, more predominantly platinum than MT. TBH I wouldn't even be posting facts or summarising if had as little knowledge and certainly a lot of these posts lately saying the likes of "so it could be next year etc" as either a wind up or deramp or you are shorting it on IG. Talks with banks and possible buyers should be well advanced by now.

Fact is the autotrades seem to have a massive effect on share price due to peculiarities of LSE. Not used to seeing auto trades on such a small mcap company. I think it's worth over 8p but these A trades seem to thwart momentum a little.

Gold is a value store and plenty of it about. Palladium is different has more specific industrial uses and is in short supply and EUA have highlighted some recent examples of pd mine sales which are more relevant. Always will be and will always have industrial uses due to unique properties. Price of extraction doesn't go up so increase in prices should relate well to npv. Price increase very marked and has help transformed SP of some large companies who have it in their mix up to 10X. Could argue we have done most of that already but we were well undervalued before and think it can do at least 5 x again if not more. As well as the path of typical exploration companies being many barren years followed by huge pay day to make up for it. Such as would be due here.

It was forecast to reach $2500 an ounce this year and is well on its way so might smash through

it's gone now, might have to wait to see if was executed.

dm order in for a million at 3.86 on level 2

Expected retrace today was going to sell at 1.8p this morning if could and buy back at somewhere nearer 1.5p but got distracted (as usual I would just have missed my sell target anyway). It's due a re-rate higher it's 2 to 3p all day long much more on good news. If I wasn't waiting in EUA to kickstart my year would have much more in here. If it went much higher today would maybe have forced company to RNS which maybe wasn't for the best as they are quite tight lipped and likely dampen interest. We all know this is screaming potential if it can get past sales expanding too quickly and being a Woodford pick. Real solid good products might be best on AIM.

Good response Ian. Does look like subtle bashing if not genuine misunderstanding. The main divi would be a special one from MT asset sale could happen any time. The other pgm asset may start to produce a profit in 2020 and pay a normal dividend which would usually justify a big increase in mcap if happens (an AIM share hitting regular profit is kind of a big deal). Just pointing out that this share might miss many typical analysis tools for people generally looking at shares over 100 million mcap because it is in a pregnant pause inviting offers for its palladium pit before it takes up the finance option with Sinosteel which it can for up to 9 years from now to go into production. But there is 15million oz of palladium and half a billion pounds maybe of copper and nickel in them hills/flanks. Near to Norilisk operations the market leader but also interesting the big South African producers and the Chinese. If a deal doesn't happen the asset goes nowhere and is rising in value (pd price creating much excitement globally). We could become a big pgm player, or our competitors might not want another big player around. Nothing is certain but it's a nice set up and all the necessary noises and appointments have been made. Directors aligned with shareholders is a good thing, as in much less likely to pull a fast one. Actually if WK does hit profit will help a lot get beyond 4p as will reduce perceived risk of a non-event and attract investors not just traders. People seeing how far we have come will be wary of returning to old SPs and probably hoping for final, final flanks approval first and hoping that comes before the sale or not simultaneous. Or maybe it's just the MMs that want that as had plenty of chance to let it rise last week. GLA

noticed on the ticker SNG are discussing link/woodford and this letter https://equityincome.linkfundsolutions.co.uk/investor-communications/friday-10th-january-2020-investor-letter-regarding-the-winding-up-of-the-lf-equity-income-fund/ wonder if any significance.

Nowt like a price monitoring extension to get the heart racing. Woodford might be out or selling that would cause whispers. Or positive news about that or 2019 results. Or some article some where about trx role in booming area of surgery.

It was my understanding drilling was starting again in Jan with the placing and warrants monies. Hopefully that gets us going. The drill results last time were good and found other areas nearby and hopefully indicating much more at depth. I think where we drilled last time it was already known there was gold but it was abandoned a few years back for other priorities by bigger boys. It's great there is open pit resources to get going. Since then Mt Wright been a big success with similar pattern so hopefully we have same here at depth. That's how I read it. We also have significant copper resources elsewhere.

My hope is that there is a big intention from the board to monetise and create value for existing shareholders now. Looks to me they have had long enough in various jurisdictions to have to do this soon or get off the pot, with a big size 11 if needs be.

I was reading an article on weekend said how Russian stock market was underinvested/unfashionable despite some good yield performance. Clearly we are AIM and London listed but if EUA became the share of the year (probably needs a not impossible 40p sale for that, going off petrel last year) what a good advertisement it would be to attract investors and wealth into the country - or the opposite if any funny business. Just one little fact in my mind that keeps me hopeful. Then you look at Lekoil in Nigeria where the company was sold a fraudulent loan this year and it reminds you of the dangers out there (though suspect it will recover in medium term). My impression is Russia are old fashioned compared to UK public in attitudes and very much more masculine still, but not all bad as in honour still seems quite important and industry does not get over demonised.

We all know this is a strong investment case given the resource and it's setting and that's why its done so well up to now. Most people are ready for some news now. GLA

Looks to me like someone took a big position here late yesterday and some small holders who are bored just used it to cash in. Was wondering if pump and dump but too late in day I think lost its momentum overnight. Fairly confident this share will get its day when news overpowers skepticism.

Exposure good but must be quieter day. Hopefully means positive news is coming. Don't really want lots of traders hopefully they do the reading and see the potential this year.

Definite flurry of activity.

https://www.share-talk.com/level-2-tip-know-your-market-makers/

Read this article on weekend was quite interesting for relative newcomer though difficult to put into practice. I have level 2 on here only. Anybody formed any opinion on any key MMs here or what they are doing?

I was watching on Friday when we were 10% up and biggest volumes since Dec 23rd continuing most of day looking lively, but price steadying off to +4%. Looked like could let it go but lots of delayed reporting of big 4.1 trades dampened potential excitement early in day and a big trade on the eventual 3.8p finish came in 15 mins after close and seemed to possibly explain why it was held back late on.

My observation then was that MMs didn't seem to be paying too much attention and momentum that may have built was often interrupted when you hit an ask level or bid level from several hours earlier. e.g. you got through the supply at 3.9p easily but then an MM or 2 who had not updated for hours was there with just 4.0. Likewise once you got through a bid of 3.9p there was not much replacement but bid levels of 3.8 hanging around from much earlier in the day just becoming bid instead.

Might say SP is not that important at moment as talks but always lifts the mood when it is up. I've certainly not been too observant but on some other shares posters say things like "Peel been controlling this for weeks" etc.

Telegram group was a response to share bashers on here so a more sane and open conversation could be had with better control over wind up merchants. Also a bit more flexibility to share graphics. I'm not a member but keep an eye on it not sure if all is genuine but I don't associate it with any pump and dump type of crew or conspiracy. I think it's a good sign there is a fan base for the company but am ever wary to check against fundamentals of asset value and signals from the BoD. All positive but only risking what I can afford as is natural while trying not to miss what might be staring you in the face or at the least one of the best prospects going for an aggressive growth strategy. GLA

Chris Fraser was bullish after s2 funding fell through "my job is to deliver the project" and was confident. No - that's the job of the finance and operations team - your job is to maximise return of value to shareholders (not limited to yourself). Doesn't even know what his job is, unless he's in some kind of stooge position where puppetmasters been telling him "you just deliver the project, don't worry about the finances". He should be definitely out of a job by now if accountable to shareholders. Can't see Yorkshire ever having more projects like this after he is done with shafting everything but the mine. Also was appalling way govt justified not offering support for bonds due to fallen share price when the bonds would have rescued it. It's not to late for them to offer that support. It's a risky world you enter but you should be, when asked to build a tunnel to protect the "national" park, be given some assistance by the nation which stands to benefit in the end. Guaranteeing bonds is perfectly reasonable. I think myself SM have hit technical difficulties (leaks of a watery nature) and CF needed rescuing before he got any more out of his depth. I'm not invested only dabbkled briefly at 4.2p as I lost faith in the man after a couple of RNSs.

large trade 4 million shares at exactly 3.80 logged 16.45 may explain end today being a little odd.