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Just doing a quick calc on the new JV resources based on the Sibanye stillwater merger
Sibanye paid 2.2b for 19m oz palladium @ $600/oz (roughly)
taking Mac's figures that we now have 60ish m oz of palladium equivalent :
$2.2b x 3 = $6.6b
for ease of numbers, lets say palladium is $2400oz compared to $600 in 2014:
$6.6b x 4 = £26.4b / £18.8 = £6.20
i think they reported after hours so as not to affect the SP during trading hours, because they happen off book
it is my understanding that the MMs will execute these trades at a price that the buyer/seller wants
im not very good at deciphering these things but i think it was a buy because at around 1500 the price moved up fractionally
I believe these two trades were conducted at 1457 and 1458 and after that there was a little bump up
everything really is starting to fall into place as to why they they said 'rival bushveld'!
they've played an absolute blinder and i have a feeling they have some more up their sleeves!
Thanks for all the info and calculations Mac :)
Hi MAC,
Just a quick question for you if you dont mind as im a novice compared to you and others with the licensing stuff...
none of these new mines with rosgeo are voltechundra, so do we think we might have acquired the licenses to that too?
i think you said that the license had been acquired but we dont know yet who has won it?
apologies if this has already been asked/ answered
thanks!
i think tomorrow at the open will be absolute carnage! (in a good way for holders lol) there will be a massive scramble to buy shares and it might already open at 34 ish or higher. trying to keep my expectations low because this share hasnt always reacted how i have expected it to in the past but i feel as certain as i could that tomorrow will be mega!
But i do hope that you can get your last top up in early Carskennygreen, good luck to you!
there are many uncertainties about the RNS but there are a couple of things we do know for sure
1. WOW THATS A LOT MORE RESOURCES
2. the BOD have been consistently working hard in the background for increase shareholder value
3. the BOD might want to retire and have a full company sale, but they are NOT stupid. Why would they let this go for anything less than what it is worth when it is an absolute monster? they've got a lot of skin in the game and have worked on this for years. This will be their culmination and they arent going to hand it over unless its for a price they want
full faith in the BOD to bring this home in the best way for SH, whatever form that may come in
Afternoon Robert, you've always been a very level headed poster and never wavered from your higher end estimates and its posts from people like you which have kept my faith. I've always wanted you to be right but looks like you had a better idea than most after all about the true value of this! Have a great weekend mate
I do remember someone saying they spoke to keith a while back and he sounded very happy.... well now we know why!
I did want a full sale for the company but now i think id want eua to get rid of wk/mt for a special divi and mine this themseles to see the true value for the company. But either way.... ITS AMAZING