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VSA Capital morning miner reported zircon prices are flying at the moment amongst the usual round up of daily mining news.

With copper prices tipped to trend sideways before moving upwards the price action here looks suspicious, we know about high electricity prices and oil/diesel increases is there something more?
Even if production is reduced as a trade off against electricity use ATYM should still be sitting pretty.

Once the refinery is fully open for business this problem is only going one way conflict, we have a government cash starved of $ heavy investment in a refinery which is being prevented from being fully operational.
Until now it has been easy to talk as a resolution isn't critical but now time is running out and at some point in near future this needs to be settled. It's obvious that with a high oil price Peru as an oil dependant nation can change its reliance on outside influence and determine its own future while generating wealth it's going to do what it has to do to secure the generation of the much needed $ the military will step in as it's of national importance imo.
Hopefully it won't come to this and government can deliver on promises made to the satisfaction of all, with the disgruntled parties backing off, PTAL for its part I am sure has the support of the locals as it is backing it's words with actions which the community can see.

Pull backs like those seen today are a buying opportunity imo this operation has been seriously de-risked by the proving of the plant and operation throughput, how many times have you seen or been in in other companies when the plant doesn't function to spec has to be modified production reduced to minimum rates or stopped altogether while rectifications can be done, with months of lost time.
None of that here we are operating as per design specification on time on budget and with a high gold price.
With markets all over place recently who knows why someone would sell here and now while prospects are superb for us going forward unless they had to.

Russian GDP is approx half that of the UK and I assume oil/gas and grains make up a fair proportion of that combined with other mining commodities, mineral sands not being mined at a significant level 2% if at all. Ukraine contributes about 5% of global supply which some will be disrupted.
All in all this conflict sad as it is imo won't effect mineral sands as much as grains or oil/gas.

According to VSA Capital morning miner CAML results will be the best ever on record due to low costs and high commodity prices and rate as a buy which you would expect as they are the brokers.

Nice to see the market respond the message from SEPL yesterday, which lets face it, the deal is transformational us.

Great RNS, this is what the market needed to hear well done Segan.

Segilola Gold Mine in Nigeria continued to perform at budget and above design capacity without any unplanned stoppages in the month of February. Total gold production for the month was 7,082 ounces with regular gold exports occurring throughout.

Throw in that the plant is exceeding design capacity consistently and they expect to meet the years guidance I would of thought that's speak for will probably exceed guidance.

Good to see us ticking up decent rise in Canada on Friday be interesting to see what happens today.

Excellent listen was fortunate to hear most live, very informative.

Commodities are going crazy at present oil, copper, nickel, pgms while mineral sands demand is robust this is not being reflected in our sp at some point this will change.
Although the general market is getting a battering some rises are staggering in commodity stocks.

This deal seems to follow the pattern JSE are doing with their Maari acquisition by the time that completes it will cost nothing plus a cheque to boot.
So hopefully if I have understood the deal correctly we will get some financial benefit off the agreed price for taking responsibility and running the assets until legally ours.

Today has been a poor day for the market pleased KMR has bucked the general trend however I note we are still lower than my last post on Wednesday, I suppose we can't have it all.

Pd,Rh and Ir all on the move ticking upwards improving the SLP basket only wish it was due to ending chip shortage rather than military conflict.

Great to see the recovery here on such a bad day for the markets in general, I feel sure there will be more buying opportunities in the days ahead, keep some powder dry.

Bought these this week, South American harvest mediocre at best currently, fertilizer and herbicide shortages for North Americas and the Ukraine/Russia area accounts for 29% of global grain wheat/corn demand which is probably going to see a lot of disruption.

The news is not going down well in Canada at the moment down 14% should be interesting tomorrow, these incidents are always a risk hopefully this will be settled quickly and not turn into a long drawn out stalemate.

The sideways movement and fall in the sp doesn't reflect what is actually happening with KMR as a company because with its products selling at high prices and demand robust our cash generation will be high.
The market will unfortunately wait until we publish some production and sales revenues as proof of what is happening.
A good time to take advantage of market conditions

Good to JSE moving back up after the disappointing response to the guidance given for this year, although not as high as many of us would of liked to see we are still very well run business with oil at current prices a very profitable one as well.

Results from Base resources at a record for the six months just recorded bodes well for us.

https://m.miningweekly.com/article/record-revenues-for-base-2022-02-28