Member Info for raxfactor

Rhodium $18550 jmat new high

The roadmap makes good reading with existing healthy production and high oil price it bodes well for continued success. More drills scheduled for this year, the bond to be fully repaid this year if cash flows allow with 25% being paid off shortly which will allow dividends to be introduced. Good to see they are still strengthening ties with the indigenous population, there are still risks on that front. Operationally PTAL have done better than anyone could of hoped there is no reason to suggest this will not continue.

What the right hand gives the left hand takes away as far as production is concerned from their operations with a slight mod to forecasts of 66 - 68koz.
Good to see water issues being addressed although South Africa has seen significant rainfall recently enough to damage crops so hopefully that bodes well for SLP.
Share buy backs still on the agenda as and when appropriate which will be cancelled, pleased with the divi and the companies approach to solve its production difficulties.

With oil being in the news and opinions beginning the question the net zero renewables route as it becomes obvious that it is fanciful at best and completely unworkable in practice, we have had 137 trades so far which hardly a stampede.
Lots of good coverage on twitter I wonder if this is just not known to wider investment community, as the production and financial generation prospects and profitability is up there with the best.
I know we have disruptions in Peru that may put investors off however there is political risks in many countries.

Now if you had a log burner ........lol

No surprises although guidance at under 20k doesn't include the Maari field which is expected to average 4,500-4,700 bbls/d (gross) in 2022 but has been excluded from production guidance pending further clarity on the timing of closing the acquisition.
This would appear to be a reason for market response it's a saga that seems to have no end, until it gets completed nothing can be taken for granted, which we knew about anyway.

All recent Ptal news flow has been superb and today is no different, brilliant flow rates from the longest well they have ever drilled, then coming in at 17% under budget, nice to see the market respond accordingly.

Grateful for the informative posts and nice to see the tick up today which is more supportive of what's actually happening at the mine and future projects.
The story here just needs a wider audience via interviews and publicity, however the story is too good not to gain traction.

Seems as though there has been plentiful rainfall in the last few months in S. Africa as the comments below explain.

They were as exasperated as Mongoato as they helplessly watched the rain damage their crops. This has caused severe delays in planting in some areas. It may sound paradoxical to say that rain has been destructive. Farmers need rain but in reasonable quantities, and that’s not what we’ve been seeing in the last two to three months.

Excellent review of the mineral sands market, with the metrics all explained we should be at aths, however we are not, still think our bod are at the top of their game?
https://www.livewiremarkets.com/wires/booming-mineral-sands-prices-illustrate-shortage-of-everything-scenario-driving-commodity-prices

The results look satisfactory to me in the midst of a world crisis and then chip shortage, in addition these results don't reflect the recent surge in basket price this month, which hopefully is a sign of returning stability and normality.
Water shortages is a ongoing concern which doesn't seem to be getting any better, however other than that they are running a tight ship.

PTAL getting plenty of good publicity and recommendations on twitter fortunately we can walk the walk to back it up, production figures looking very good.

Save is in Nigeria, from others invested there it comes well recommended, however I have small stake in Sepl also Nigeria, I had I stake in Eland who Sepl bought out via raised debt, so I have a bias towards Sepl, no fireworks there but it looks steady as it repays its debt.
Nigeria comes with its own well known risks.

I reckon we are in buyout territory, based on a booming market for mineral sands, the recent WCP move proved this is doable again in the future from an engineering perspective, so no risk there, suppressed share price and we have a board which needs rejuvenation.
Some companies out there will think this is an ideal opportunity to move into this space or grab more market share, they will have long mine life and product demand, and probably more important a board who would probably bite at the first offer and recommend the sale to its shareholders.

Good to see new ii joining the major shareholders list despite our recent troubles with 5% stake, a confidence booster and thumbs up to the management team, I am sure there will be others waiting in the wings to follow Fidelity's lead

What cracking update, the management here deserve all the plaudits that come their way, no debt with cash growing at a rapid rate due to high Brent price plus our premium and hedge free.
Lots of opportunities going forward on numerous projects with the board seeking out further gems, reassuring to know they never pull the trigger unless their strict criteria is met.
They have guided us through the lean times successfully and are reaping the rewards now through their expertise and wise management skills.

Hi Viable,
Not sure about that as a strategy, I followed BXP a pharmaceutical company in Bangladesh duel listed here and there the disconnect was massive traded way higher in Dhaka than here, the gap never closed while I was following, but it is interesting to note and follow the differing prices for the same company.
Wonder if your broker would allow you buy on JSE trade might cost more but you would get more shares for your buck.

Good to Pt price breaking $1k, with Pd breaking $2k its been a while for both and Rh with $100 nudge in the right direction prices for PGMs on the rise?

Slip of the key board the 60 should be 40, I know you you know.

So although all invested here knew about the BKR settlement the company said nothing as the date approached, even less when it was passed until now 20 days later and there it is a paragraph tucked away between info about the gas price our hedges and cash balance.

The BKR net cash flow sharing arrangements came to an end on 31 December 2021. From 1 January 2022, we enter a new phase for the Company where we will be retaining 100% (2021: 60%) of the net cash flow from the BKR fields, benefitting fully from the recent increase in production levels

If this news was oh by the way we have just successfully drilled three new wells they came in under budget and our production has increased by 60% the market reaction would be going crazy, as it is we trading lower than December last year you couldn't make this stuff up.
As I often see written on many boards, which are out and out gambles and hoping for the best, I wouldn't want to be out of this over the weekend.
What a great RNS .