Member Info for Quiggers52

Yes indeed. If AET was so good at 27+ for McDaid and Co why is it not a bargain basement at these prices? Why are they not buying in more to instil confidence?
Why indeed....we all know the answer to that question.

More like ignorant people who would be much better served trying out at the racetrack, more chances of getting their money back.
Totally and utterly clueless. Couldn't read a balance sheet if their life depended upon it.

Sheff - who is upset now? haha. I simply took prior 4 Qs and averaged the net prof margin to get 40% (consistent with their long-term performance) so hopefully not too contentious.
We already know what the prod. oz. is likely to be - 72k. What we do not know is the basket of course. So I assumed a low estimate to be conservative: $1,580.
Last 4 Qs:
Basket price X Prod oz. measured against net revenue, the latter is on average 74%.
Q1: Basket $2,897 [A] | Prod. oz : 15,771 [B] | Gross rev. [A] x [B] = $45,688,587. 6E rev (actual): $32,300,000 i.e. 71%
Q2: Basket $2,892 [A] | Prod. oz : 16,605 [B] | Gross rev. [A] x [B] = $48,021,660. 6E rev (actual): $35,000,000 i.e. 73%
Q3: Basket $3,327 [A] | Prod. oz : 15,840 [B] | Gross rev. [A] x [B] = $52,699,680. 6E rev (actual): $41,300,000 i.e. 78%
Q4: Basket $2,589 [A] | Prod. oz : 18,837 [B] | Gross rev. [A] x [B] = $48,768,993. 6E rev (actual): $37,646,000 i.e. 77%
These 71%, 73%, 78%, and 77% numbers are facts and average out at 74% (this is again consistent longer term not just last 4Qs)
So using an estimated basket of $1,580 and Prod. oz of 72,000 gives $113,760,000.
74% of this is 6E rev estimate of $84,546,000.
40% of that is $33.8m or £27m (depending on exchange rate.)
It was this estimated $27m which I used to get to a cash-adjusted forward P/E of 4.7
Hopefully, that is clearer.

It is those Manilla envelopes. AET ordered A4. That was their mistake; they needed A3 at least and possibly , with each passing month, getting bigger all the way.... up to A0 (I am only half joking)
What do YOU think is causing the hold up....?!
Just put is down to something called Covid, it still wears thin but everyone else does.

WoW - don`t waste your ink. Your words will fall on deaf ears.
There is no cause of action here. None. At all. These folks are like lambs to the slaughter. They hear what they (and only what they) want to hear. Let them waste their hard earned on lawyers` fees. Every six mins - ka ching. I ought to know, I am one of `em (as you know).
Some people just have to learn the hard - the really hard way I guess.
To all those brave enough to listen, don`t follow these people down a rabbit hole. You will get fleeced. Repeat: there is no cause of action. Get over it - move on.

"the directors job is to represent the shareholders and they are legally required to do so."
Kev: Only with a solvent company.
It is statements like this which cause some of the problems. I understand the sentiment. It is simply wrong in the circumstances.
When the business is insolvent, the directors` duty to act in the interests of the shareholders, is displaced by their duty to act in the interests of the creditors. But hey, don`t take my word for it.
The UK Supreme Court said pretty much the same thing recently. I posted on it about 6 months ago here. Just Google "Sequana"
GL

I agree.
Stop dreaming. Take responsibility for a bad decision however hard that may be, stop blaming others (or trying to) and move on.
There is NO cause of action here.
Do not invest any more of your time on this planet on this nonsense.
You have already lost your investment in CINE.
GL

Just imagine how those CS AT1 Bondholders feel.
The equity shareholders took priority over the bond-holders!
Don`t ya just love the Swiss.

Kev: You own part of a company whose assets are dwarfed by its debt burden.
How do you feel about being obliged to stump up cash along with all the other "owners" to repay that debt? Have to sell your car, your house and other personal assets.... Not interested? I don`t blame you.
Thankfully, you don`t have to and your losses are "limited" to the amount you invested.
That is what the "limited" in a limited liability company means (whether it is private or public).
I am amazed people are still buying. Actually, not really. It is just a further sign of the Robin Hood app `casino` mentality.
GL

Agreed Pd is optimistic and nothing more than 1) I was a bit rushed and did not update my sheet; and 2), to counterbalance the Rh estimate, which is probably overdone at 5k.
Pd not THAT material as it is 17% of prill split (roughly).
Hope it holds at this until Thursday wherein I will buy back in.
(Luna will be happy.)

I took SP of 87p to give MC of £232,383,486.35. Cash less debt of £100m to give adjusted MC of £131,903,101.35 and assumed net earnings of £27.57m based upon 40% net margin on production of 72k oz multiplied by a basket price of $1,580 which implies:
$5,000.49 Rhodium (currently, $7, 850)
$950.10 Platinum
$1,974.49 Palladium
$4,150.79 Iridium
$1,850.00 Gold
$484.21 Ruthenium
This gives a conservative P/E of 4.78.
(Dividend of 9p - £24m - not included.)

50% of the basket in terms of rev split is RH.

Trading View showing PE TTM at 4.4 but even that is not cash-adjusted.
Not worried about the Rh spot even at 5k per oz (let alone 8k) that is still plenty of cash for equity holders by way of divis and/or retained earnings.

More to the point, that would be insider dealing and a criminal activity.
PmcD may be many things but I agree that is not one of them.
Whatever info or rumour was leaked it did not come from AET that is for sure.

BTW, Who was that newbie prick on here, claiming I was just hot air, what a W+anchor.
Just did what I said I wouldn't and got another few. Just shy of 195,000 vol now. I reckon I hold more on here than anyone. Not in the big boys league mind you.
this is just for fun.

HL too

I can see his point, which is a valid one. I`m not him JHC I wish I had that time for silliness with multiple usernames wtf.
Nah, just very disappointing and losing conviction. Like a proper mug will probably stick in another grand I thought my average of 20 was safe. Christ how wrong was I.

RG not a forced seller.
Santorini spot on. You lot are biased cos of your holdings. He would not be selling if he thought this was going to close imminently, wake up and smell the you know what. I stand to lose about 25k here but at least I can see that and not an ostrich.
Gutted. I hope McD has the cajones to tell the truth and not some B/S.
The only good point is he will lose as much or more than me. That is some consolation.
Oh well, keep `em and hope. What else is there. Maybe RG`s rumour is hot air. Who knows.

If "ifs and and were pots and pans, there would be no need for tinkers"
You wish. Based upon what:
Facts...
No contract, only a wish
no revenue
no profit
nada, nothing
expect this to go back to 15 p before too long.
**** it. Piece of **** investment. McDade now an ever bigger joke than he was before.
prove me wrong

Answer: not long.
Expect wind up announcement shortly and then this fiasco will be dead and buried.
No revenue.
Cash depleted.
R&D: nil (there are no funds)
Expenses: recurring month after month only outcome = equity raise
I spoke about this 2 years ago saying it did not align with IFRS.
Penny stocks AND AZ = NOT scam but = you must be mad to invest in this. THOSE that do I have no sympathy for you. Go and do something else with your time. Get a life. Did you really think being a millionaire is the equivalent to being part of the SYME millionaires club? (i.e. those "fools" that bought a M shares?)
My Sympathies.

How many more weeks can they keep going (as in paying the wages of their staff)?