Member Info for raxfactor

Bold tweets coming out of tectonic, very positive for those invested here
https://twitter.com/tectonic_gold/status/1406861943424438273?s=20

Info tweeted by THS
The latest use of platinum group metals (PGMs) is the new computer chip 3.0. This new computer technology is going to be a first of its kind. Not only will the chip contain platinum, but it is also going to use low power intensity. Read https://bit.ly/3viNoaH

Tweet by ttau looks like they are feeling positive.

https://twitter.com/tectonic_gold/status/1404336455028285442?s=20

Perhaps this will calm a few nerves, Castillo to respect market economy if declared winner.

https://www.reuters.com/world/americas/perus-castillo-respect-market-economy-if-declared-election-winner-says-adviser-2021-06-09/

If a few are fretting over the demise of sp action its reassuring to look back to Dec 31 2020 and check our commodity prices and compare with today.
Pt Pd Rh It Ru
1079 2832 17000 2550 270 share price 140p 31/12/2020
1150 2782 21500 6350 700 " " 137.5p 10/06/2021
Taking into account we have had six months of production far exceeding the figures stated and made profits for fun the sp is below our price at the end of Dec 2020.
Let's be honest if our commodity prices had slowly increased to levels being achieved today I for one would have been pleased.
There needs to be some perspective THS are in a superb position both operationally and financially, sometimes the market just doesn't see what I can see, it doesn't make the market right.

From time to time I flit over to BSE glance over their recent RNS's read the board, to see if there is any info relevant to us, someone had posted about CMET a mineral sands company not yet in production not even built located in Sri Lanka their grades are 4x better than ours, I kid you not, best in the world apparently.
Downloaded the comp presentation yes it's true, they are not using WCPs for production but slurry spirals and trucking to port for separation and export.
So much smaller in scale, 1.65mtpa, low capex $35m
All interesting stuff, I am not invested but will watch with interest how this competitor gets on, to see if they achieve their objective production on time, I am not so sure it will be as easy as they think, plus as always it's all achievable on paper not so in the real world.

Some good news which has been a long time coming, note they admit it has been more challenging than originally thought to bring this drill home, the extra 10,000 boe/d equivalent is a significant increase in production when completed, it's been worth the wait.

In the crazy world we now live the statement below makes my mind boggle, nevertheless all companies are now forced by governments around the world to sign up to this money/tax grabbing scheme, pleased for the company but sad that folk the world over believe this nonsense, it's a bit like a PCR test, *******s masquerading as science.

The successful recompletion of R3 will increase the Rhum production capacity utilising the existing facilities located on the Bruce platform and will, therefore, not lead to significant additional CO2 emissions. This is in line with Serica's stated objective of reducing the carbon intensity (i.e. CO2 per barrel of oil equivalent) of its production operations.

Hi Sturm,
I have posted previously regarding Venezuela their reforms depended entirely on a stable oil price as their entire economy was/is dependent on it, they would of been successful if the oil price had not crashed to $20 due to US deciding to become the world's biggest oil exporter having never being an exporter previously which bankrupted them, political agenda from US probably aimed at Russia but wrecked Venezuela.

I am in agreement, laws may come into play aimed at multi national companies who bob and weave over tax, flout legal requirements via bribes etc, forget about obligations to local communities, however Ptal are working with the local communities, are Peruvian run and are working together with the state run refinery, each dependent on the other for success, maybe Ptal not as much as they once did with the Brazil route now proven for their production.
Peru is in a mess economically, they need more investment not less, more jobs and revenue to improve their economy for the better, so from this perspective they need companies to be persuaded to invest more create more jobs and wealth for the population, care about Peru and its environment, this is not going to happen with a big stick, but control of corruption.
It will be interesting to see how it all plays out, as we know ptal from a company perspective are performing well, going from strength to strength regarding production, under cost drills, planned drills, cash on hand, cash generation, and a strong oil price, while the sp is heading south.

Hi Visitor,
Always enjoy reading your detailed comments as this is no exception.
It did highlight how investors see SA as an unsafe jurisdictions as opposed to Canada/US and regardless of the opportunity will give a company a wide birth, or be very cautious before taking the plunge.
The mention of strip ratio and grade deterioration caught my eye regarding higher AISC moving forward but as mentioned if a higher grade area was being mined then they would increase again, but in fairness there has been a slight decline over a number of years. That will be something I will monitor in future results.
All in all I thought it strengthened the investment case over SLP + JLP especially as they missed the significance of BEE + refiner fees, which answers their concerns.

Interesting and in depth review and analysis of THS, its worth your time if you are invested here.
Throws up some questions regarding financial anomalies and over exposure to Rh compared to other producers, I am sure others will have opinions on their dissection of the production and financial figures.
Pleased they have taken the time and effort to produce this video and air their views.
https://m.youtube.com/watch?v=nw4r_lKuWlc

They probably have hedges in place after being caught out when coal prices spiked a few years ago, they then hedged after learning from that experience.
Below is coal type OPG import from Indonesia.
Thermal coal price Indonesian coal 4200 GAR -USD per metric Ton which is selling currently at $72.15, so the price has gone up a bit from the $65 of a few months ago.
https://m.indiamart.com/proddetail/coal-4200-gar-10077741273.html
Price in rupees converted to dollars.

I am not sure, order book was up on last year what I am not sure about is margins can they make any money?
Came across another comp doing similar Nexus haven't checked them out, the difference they were mentioned on a VSA Capital podcast as a good opportunity on new infrastructure. Nobody seems to be tiping/covering FCRM to get the story out and they themselves seem happy to be in the background.

Hi Harry,
Still keep a look in here to see what's going on, thought the cash received yesterday was good news, but had to laugh when I saw the recent £20m win for smart meters the company was E energy, who are they you might wonder a Bayford group company, so in reality they didn't win it it was handed on a plate.

Good update, everything seems to be going to plan, nice to see some caution with additional hedging due to H2 being the period when most development capex will occur with new wells coming on stream, downside protection if Brent falls in price.
Extended sales agreement with Petroperu, with improved terms under low Brent prices.
The Company is reaffirming its 2021 average production target of 11,500 bopd with current production is 10,225bopd, with another 1200 bopd to come back when the water disposal pump enhancements are completed on the two shut in wells.
Cash pile growing $75.8m and will continue to do so.
Pleased with the professional way they are going about their business.

Sibanye stillwater + impala platinum sponsored the research for the substitution of palladium with platinum, with Johnson mathey also partnered the next funded research is palladium for rhodium their reasoning is basket price balance, and market development
Anglo plats also comment in this short extract 5 mins

https://m.youtube.com/watch?v=LDSkqn9SBuQ

Viable - living a life under such stress for so long must have your body and mind in a constant state of alert, in near fight or flight/freeze mode.
I would imagine adjustment takes a long time for a new reality to calm thoughts and reactions which by now must be second nature.

I am more optimistic for ptal due to it being run by a Peruvian, and working closely with a state run enterprise the refinery, who currently need each other to deliver on their objectives to be successful.

As for migrants, its not only the UK, Europe as a whole has faced similar problems, I suppose the solution would be for the economy to provide jobs and a future for all, with the people moving to these areas of employment.
Much easier said than done in world where automation is dominant, with large labour intensive jobs in decline almost everywhere.

This video linked below details the huge size of the operation from mining material, processing to the finished product, then transportation via rail with their own rail carriages to port for export by sea to their customer base in Europe and Asia.
The skill of the workforce to make it all happen, and the length of time to appreciate this superb feat of engineering 3mins.

https://m.youtube.com/watch?v=AErUM2hq2pI

Hi viable,
I reckon you have timed your top well, six months of a continual rise in the price of Brent to the high of today while our sp is back were it was six months back, while progress has been made on drilling production and outlook in the same period.

I believe it's the same for all producers in the PGM space non have a high forward p/e rating, all are undervalued on their current earnings, and all are being ignored by the market.
The revenues being generated are mind blowing compared to MC, I can only think that consensus is that prices will recede, but we all know that's not going to happen due to world agreements on emissions from catalitic converters.
Demand is here to stay as long as we have ice vehicles good until 2030, and emission standards stay as they are.
Is this a once in a lifetime opportunity?
For producers now I think it is, I don't think it's as bright if you are talking brand new mine from scratch, which would be years away from production.
I get the impression PGMs are an ignored section of the precious metals arena all the experts Rick Rule etc will talk gold,silver and copper all day and when they do mention PGMs is usually platinum alone and never as a group which PGMs are, you can't have one without the others.
Ramp over but not just for THS but all the other producers as well.
The only real area of concern is jurisdiction SA has its risks hopefully the success of PGMs will help the SA government implement some changes for the better.