Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
lamstreee, you confuse me the most
you were so positive about EUA and then gave up, saying youd sell 700,000 shares
since then youve tossed in the wind - saying itll be a mega deal to saying shareholders will be disappointed
i think its obvious that you sold before the rise back up and are bitter about it, youve been hoping for an entry point back in since then
just give it a rest, you made a bad call, dont blame anyone but yourself for that
that anyone could deramp this RNS
last week they were saying 40m oz at MT hasnt been proved up so its not worth above current sp, WK gave us an RNS stating 43% more than was expected and they deramped that, and now we have been given A GIFT OF AN RNS saying we have access to 104m oz of PGMs totally unrelated to FSP at WK and MT and people are pathetically slanting it negatively
you have to wonder about how sad these people can be. this BOD have been working tirelessly in the background and all the waiting will be rewarded for it. Makes sense now that they were talking about an area to rival bushveld
so just ****s off with your deramping, this is an absolute triumph by any standards
even if the FSP is months away now, we have guaranteed value here
No raise prior to this RNS, shows how water tight this whole thing has been! Amazing that this could have beenkept under wraps
Just proves this BOD are world class,- these few months have been challenging but itll be worth it!!
RUMS ALL ROUND
Palladium price predictions over the next decade:
Year Mid-Year Year-End Tod/End,%
2021 $2,893 $3,073 +17%
2022 $3,297 $3,381 +28%
2023 $3,945 $3,950 +50%
2024 $4,458 $4,960 +88%
2025 $5,354 $5,836 +122%
2026 $5,842 $6,280 +139%
2027 $6,715 $7,147 +171%
2028 $7,460 $7,880 +199%
2029 $8,297 $8,712 +231%
2030 $9,112 $9,522 +262%
2031 $9,589 $9,981 +279%
2032 $10,372 $10,761 +309%
i have a feeling that it will be concluded next week. Lots of potential deadlines that they might be working to:
before easter holidays
end of march
end of tax year
travel ban is over
but theres also a part of me that think deadlines are arbitrary for something like this, it'll be done when it is done and i think it'll be mega. After all, why would they sell for anything less than mega when they know if 3/5/10 years time what they have in the ground will be worth multiples of what it is now
Hi Nukuj,
I might be wrong but I dont think its just shorts that have to close by 28th, i think its all IG position on EUA are closed. I think its also just CFDs, so you can buy the physical shares back but i think the profit margins are greater with CFDs. very happy to be corrected!
just an absolute scam of a platform that they can do that, more proof that the markets are skewed in favour of the big boys above the PIs
Hi Ian,
i believe this will be my 3rd guess but I'd like to throw another in the hat if i may.
Can you please put me down for 1st April - it's my sisters birthday and i've invested some money in EUA for her so would be an amazing present! Plus, i feel end of March could be significant and its just before easter holidays and end of tax year - lots potential deadlines in there!
As always, thanks for your tireless work in keeping this game going, you're a real star x
Thanks Travis and CAW for trying to shed some light on all of these trades! Youre doing a sterling job deciphering them
And thanks also to all the other tireless posters for their continued research and contributions, this board would be nothing without the them keeping up morale
GLA, its gotta happen some day!
anyone who is talking about a death spiral clearly hasnt been following Zoe long enough to know about the cycle
this happens everytime, massive rise followed by a sell off and consolidation. It always consolidates higher than the previous cycle - last time it rose to about 95p and then back down to 69 and hung around in 70s and 80s for a few weeks before the next rise. the time before that, rose to 82 ish and back down to 59.
this time, it will probably fall to around 79ish again and then back up up up up
the smart investors are those topping up on the dips, not panicking. this is a great share and could make investors serious cash in the future. not to mention, there's big money behind it now
i was in from 35p and sadly had to sell out at 88p due to an urgent cash call, so im waiting on the sidelines whilst i gather some cash to get back in but i still fully believe in Zoe!
No one can call this without knowing what the BOD have been doing in the background for the best part of year, but WK update didnt disappoint so i have faith that MT wont either
I think it could go for anything between £1 and £3.70, id be v happy with anything in between
Lets hope to see the monstrous RNS tomorrow morning! gla
Am i right in thinking nn shares cant be held in an isa? As most of my shares are in an isa, as im sure lots of peoples are, what would this mean for us? Would we just receive the cash equivalent?
I feel similarly Worrier, I am also very new to this but if we are going by the Sibanye Stillwater deal.... I've worked out a very crude price of £4.17
I'll show my workings and am very happy to be shown where I'm going wrong!
IF we have 40m oz......
based on Sibanye deal for 19.9m oz for 2.2b, that would be $110m / oz
$110x 40m oz = $4.42b
price of palladium then was c$600/oz. Lets say palladium is $2400/oz now
thats $4.42 x 4 = $17.6b / £12.64 b
£12.64x 0.33 = £4.17
I'm aware this is very optimistic and very simplistic calculations but also doesnt take into account the low extraction costs EUA benefits from
Please dont crucify me for this, just trying to show my workings!
You're right TBTT, its not vaguely comparable because the price of palladium has gone up nearly x4 since 2016
What was uneconomical for Anglo American to mine in 2014 and gave away their stake in is now the last unconsolidated palladium play in the world and worth a fortune
So if we are using the Sibanye Stillwater acquisition as a benchmark, even if EUA had half their resources, this would still mean double the takeover price