Member Info for RMR1969

HeresHopin

I think it is the trigger to now take the SP to new highs, in line with the charts we have seen.

Very happy for all genuine holders here.

Just a couple of points from the RNS dated 30th Sept 2020:

1. Platinum prices have recovered from a reaction to the Global Pandemic in March and are now trading at greater than US$870/ounce1. Palladium continues to perform strongly, well established above US$2,000, a 26%1 increase year on year, driven by predicted continuing strong demand from automakers (tighter ecological standards and higher loadings of palladium per vehicle) against tight global supply. Rhodium, now the most valuable PGM in our metals' basket has reached US$11,000/ounce1, a 120% increase on last year. Gold is also up 26% year on year trading above US$1,800/ounce1.

2. The Company is now producing 4 PGM* (with rhodium now a significant contributor to the Company's metal revenue) and gold, according to the production plan and receives revenue from the refinery on schedule.

Imagine, just 4 months ago, Rhodium at $11,000 an oz......! Will be an even bigger contributor now I imagine......!

quite right, the assumption by many on here seems to be that it is EUA managing the timeline, but as I suggested yesterday, I think it most likely that they are probably not, they will certainly not be in control of all the variables going on here.

For those frustrated here, try having money tied up in Bould Opportunities (Bou)......!

Now that takes patience, this is a walk in the park.

Still hopeful over there too though.

Hi MrYFronts

Not too many as you know, it is a scarce resource, hence very valuable.

In 2018 South Africa was the largest producer of Platinum group metals with 110mt mostly from the Bushveld Complex, Russia second with 21mt, mostly from Taymyr, third was Zimbabwe at 14mt followed by Canada at 9.5mt and the USA at 4.1mt.

So, a complex to rival the largest 2 producing areas in the world is, as I suggested, quite some statement from an informed, experienced, knowledgeable and respected PGM professional. So, yes I do regard it as a big statement indeed.

MrYFronts

Do you not agree though that this is a huge statement from a seasoned, respected, knowledgeable and experienced PGM professional?

He is not going to make such a claim officially without very good cause and information, thinking it is one thing, stating it in official documents is another.

Thanks Montyboz, that was it.

I wanted to see it again in context, as I have often said, it is always helpful to go back over things from the past from time to time.

It is a very big statement to make, and bearing in mind his position and his undoubted knowledge and huge experience within the sector, it is most certainly not a statement he would make without due thought. He knows only too well what a claim this is and yet he is still prepared to make it in an official RNS.

Interesting, very interesting..................

I know CS made a comment somewhere about 'rivalling Bushveld etc etc' - try as I might I cannot find the RNS where this was said although I do know it exists as I remember reading it - can anyone help point me in the correct direction. I have been trawling through the RNS and have now become RNS info blind!

Thank you.

TMS

Yes you are right, there have been no firm offers, I agree else they would have had to be RNS'd as per the code.

HOWEVER, that does NOT mean there have been NO OFFERS, unless a company is prepared to go hostile they would not put in a formal offer unless they were of the opinion that it would be accepted.

So:

1. Hostile offer - not happened as yet and unlikely to ever happen IMO. In relative terms this is a small 'market' - key personnel who are closely connected, talk frequently, work together to 'manage' the overall supply, people who have often worked in key positions within each company, it's incestuous like many such markets, they will be talking all the time off the record, it is not in anyone's interests for this to go hostile. If that happened now can you imagine what would happen to the SP as soon as whoever was doing it crossed the threshold for reporting......! Massive SP boom.

2. The BOD own a very large % of the business, in order to get any sort of agreed takeover they would have to be on board, so absolutely no point making any formal offer until they had discussed it with the BOD and the BOD had given an indication that they would support it. Why show your hand, why suffer the embarrassment of having an offer declined, why go through all the work and preparation knowing an offer is going to be turned down, you just wouldn't do it.

So yes, no formal offer (see points 1 and 2 above), but I repeat again, this does not mean that no offers have been made, just not one that at present the BOD find acceptable, however it is also feasible, possible and quite probably likely that an offer has been made already and it is being held back presently from being 'formal' until all the ducks are lined up - don't tell me that you believe such things don't happen in business, that would be incredibly naive of you.

In short, you point is correct, but means absolutely nothing IMO.

As someone stated earlier, it is perhaps unlikely for an RNS to arrive first thing Monday morning as people in Russia would just be getting back to work so at best perhaps intraday or mid to end of week for an update.

Fear not, the DFS for WK will pop up at some point, so if there is anyone looking for a cheeky top up, early doors Monday may provide a very good opportunity, I myself will be looking out for any dip on no RNS in order to top up some more, personally, and it is my view only, anything around 30-31 is an easy 10%, I won't trade it, I will buy and hold, not sold a bean and not going to until this has played out.

GLA

crippz

A couple of points:

1. There is likely much more gold under GGPs various sites bearing in mind where they are and what has been found to date
2. GGP are Australia based, some prefer the relative 'stability' of that vs Russia
3. GGP have an agreement with NC to mine, it is heavily derisked
4. GGP's gold has already been proved up as part of a MRE, or at least some of it has

For me, EUA SP should ultimately go higher and most probably more quickly than GGP but currently, and based on situation as it is, equitable value seems reasonable.

Let's leave the Frances talk now, nothing helpful in it, she simply filters anyone who dares question her anyway (myself included), even when done so reasonably and politely. She says she is lawyer, so I reckon if she is, then most likely can take care of herself just fine, if she is not, and it is all a story to garner attention and add weight to her views, then, well................

Montyboz - with regards to any feedback pertaining to Frances, I assume you mean the person on Twitter, I have been critical of her, it has absolutely nothing to do with being female and everything to do with what she says and how she acts, don't make it a man vs woman thing.

She has pumped EUA vigorously for months posting dozens of times a day, then suddenly she says she has sold a large part of her holding and spent the next period of time running down the Board and calling the whole sale into question, a massive uturn, now she is back on board ramping it all up again. sure people can change their minds, but it is the way she has gone about the whole process which irks many.

That is what people don't like, man or woman they would get the same response from me.

I don't always pay an awful lot of heed to SP predictions from such sources, however I thought it interesting that in a report on Share Tips for 2021, Atlantic Capital markets list:

Bab****
Vodafone
RDSB
Johnson Matthey
Assoc British Foods
Easyjet
Reckitt Benckiser

and......Greatland Gold

Puts us in strong company and interesting that they place GG amongst all those big FTSE players.

It is correct to say that there is sometimes 'nonsense' posted on here, however I feel the need to defend LSE BB a little, the alternatives as I see them and review from time to time are:

Twitter - some interesting info from time to time but overrun by the mad Frances who is up one day and down the next, buying and then selling, ramping then deramping, it's all over the place

Telegram - mostly gifs and inane chat

ADVFN - not many posts and most certainly nothing that adds much value, I cannot ever remember seeing anything on there which is original, quite often just critical of LSE but offering nothing new.

IMO, LSE has provided the best information once you remove the obvious rubbish and trolling.

There, said it.

I imagine it is this person......

https://www.researchgate.net/profile/Dmitry_Zhirov

....Uh?

Patientone, although you say you have not been looking for the past couple of days, you did somehow manage to post 24 times across the 4th and 5th of January, 12 posts each day on here.

Just saying - maybe a moniker name change is required.....

ftsedow - totally agree, stating that the BOD are messing with us is at this point very disingenuous.

Approval was 'expected' by the end of December, if it was even a day or so after that which is quite reasonable we had a short day on NY Eve (Thurs), then NY Day (Fri), then a weekend, then Russian holidays and we are only at Wednesday morning........come on guys, many on here work in business, you know how it works normally, let alone at this time of year when you need to have certain people available for things to happen as smoothly as they should. Oh, and there is a global pandemic going on in case we had forgotten, people off work for all sorts of reasons........

No concern here at the moment for sure.

Mrred - thats a sensible perspective and quite right

Realism79

A quick review of your posting history over just the last few weeks identifies an inpatient investor pumping shares and making predictions about rises which never come true.

On that basis I think anything you say should be treated with some scepticism. I do of course however respect your right to an opinion, you just don’t have a great track record.

Best of luck in your other investments.