Member Info for rustybucket

Looks like algae trading designed to disrupt proper trading.

Small trader, I disagree on your evaluation of GGP, IN my opinion it is the high gold price which is keeping the share price going. The joint ventures, will either cost, or be at a price of dilution of existing shareholders It is pure speculation as they do not know the cost to produce and the further costs still ahead.

Pog is different, it is already producing, it has the pox hub which gives it more avenues I do think that next year the company will start a dividend again, but, personally I think that is the wrong course of action, until they sort out the bonds, or at least advise of a clear path to what they are going to do. Part repayment an another bond issue, part repayment different type of debt etc etc but whatever way they refinance it should be at better rates than now and we already have the savings on the long bonds that have already been converted. In the present climate the next results should be the best for a long time as hopefully they won't have the convertible bond write down to cloud the figures. I think POG is very well positioned and the new CEO has a history of paying dividends with Highland gold.

Not without risk an its gone very quiet on Temi and IRC and it would be nice to get an update as to where we are with these.

As soon as the results are out, and once there is some clarity from the audit, or even a positive update, will send this higher. In my opinion GGP needs multi millions to get to being a great gold producer, and I see big dilution for GGP shareholders.

I would much rather be in pots shoes. My opinion only. I also fall GGP is overvalued, and POG undervalued. Again my opinion. But it will be years before GGP is profitable. POG is already there. Both GGP and Solg have been pushed up by the high gold price, which of course benefits POG, But I would much rather be in pog. Just for clarity, I would say that as I have an investment in POG, BUT HAVE NO INVESTMENT IN EITHER OF THE OTHERS.

I have just had a tip that stt1 is applying for the investor relations manager.

18-Dec-20 16:35:06 32.40 13,350,958 Buy* 32.20 32.35 4m UT

Cant understand why it was in auction, there are normally only auctions at mid-day at the end of the day, and if stock moves more than 10% any way ???

He has sold at least 12 times since July 2019 sometimes to settle tax bills. He now has 1.4m more shares than he had then so Personally I don't see whee the issue is.

In my view, for what its worth, the company, have urged on the cautious side with the numbers. At the next update, I wouldn't be surprised if we get a pleasant surprise. Time will tell.

Flyinghorse1, the sell was done after the news was out of the way.

The Ubercase news was on the 14th December, he sold on the 15th December which was reported on the 16th. For all you know, he might have wanted, or needed to sell, before this, but could not because he was not allowed to because of the nature of the UBER case. There are closed periods when directors can NOT sell.

If you have no trust, then if you have any shares, there is always the sell button.

I would never disagree about not having all eggs in one basket. I had ( for me ) a Large holding in Thomas Cook, I made a mistake in a couple of stocks, ( including POG ) and was forced to sell Thomas Cook, against my wishes. Both the stocks I had invested in, did badly initially, but, in hindsight, even though they did initially do badly they did better than the unfortunate Thomas Cook. If I hadnt diversified I would nearly have lost all my invested money. So I agree about diversification.

As per the comments on POGS share prediction, it was a little tongue in cheek in relation to your comments about IRC. Most of the banter on here has been good, and we will never agree on all things. I hope you get it totally wrong on IRC and it ends up being very profitable which in turn should help our share price.

I do believe that most of the banter over the years has been good and I wish you well with your stock selections.

Commenting from Yury Makarov, Chief Executive Officer of IRC said: “I am pleased
that we are able to operate at a high capacity this winter, a testimony to the hard work
that the K&S site team is doing. Our focus is now on resolving the backlog in mining
which will help K&S to unlock its full potential. The impact of the COVID-19 pandemic is
posing logistics challenges, and the Grodekovo-Suifenhe border crossing has been affected.
Fortunately, the impact is mitigated by diverting our sales to seaborne customers which will
also diversify our customer base. We welcome the robust iron ore price and iron ore is one
of the best performing commodities in 2020. We are pleased to be operating at this positive
pricing environment.”

K&S – Operating at c.90% capacity
Robust Iron Ore Price Environment
Thursday, 17 December 2020: IRC Limited (“IRC” or the “Company”, together with its
subsidiaries, the “Group”) is pleased to announce that K&S is currently operating at close to
90%, allowing the mine to take advantage of the current strong iron ore price environment.
Meanwhile, as shipments to Chinese customers by railway are temporarily affected by logistic
issues due to the COVID-19 pandemic, K&S is stockpiling the excess production and is
planning to increase its seaborne sales to mitigate the impact.
Under the current cold weather, the Drying Unit plays an important role in the production
process of K&S, as it removes excessive moisture from the iron ore concentrate to prevent the
product from freezing. With some of the capacity issues addressed last summer, the Drying
Unit is currently performing satisfactorily and, coupled with other mitigating measures, is
allowing K&S to operate normally during winter. The current production bottleneck lies in the
mining works. As previously announced, the third-party mining contractors have encountered
certain capacity and equipment availability issues. Although the contractors are gradually
increasing their work rates, the mining volume lag currently remains the major limiting factor
in the production of K&S. Nevertheless, K&S is still operating at close to 90% despite the
mining issues.
Generally, most of K&S’s product is sold to its Chinese customers by rail. Recently, however,
the Russian Railways have been experiencing traffic congestion, mainly due to logistics and
efficiency issues at the Suifenhe border crossing caused by COVID-19 and many trains are
idle on the tracks. For this reason, Russian Railways are not accepting shipments to Suifenhe
until the congestion situation improves, and thus K&S’s railway shipments to the Chinese
customers are also suspended as a result. As the traffic congestion issues may continue into
the first quarter of 2021, to mitigate the impact, K&S is currently stockpiling the excess
production and is reducing its reliance on railway transport by expanding the seaborne sales
programme in order to help with cashflows.
– 2 –
The lower iron ore production volume forecast from Vale and international trade tensions
have recently intensified market concerns over the supply of iron ore. Together with the strong
domestic demand in China and the recovery of international steel production, the price of 65%
iron ore increased to an average of US$159 per tonne in the first half of December, the highest
level since 2013. The price of iron ore has surged by c.60% since the beginning of 2020. As
K&S continues to operate at high capacity, IRC is well-placed to capitalise on the strong iron
ore price market.
Commenting from Yury Makarov, Chief Executive Officer of IRC said: “I am pleased
that we are able to operate at a high capacity this winter, a testimony to the hard work
that the

Either way I still believe convertible options at 10.7p will put a break on this rise - that's me being a realist not a pessimist.

The share price at the time was just over 11p.

Well, by my calculations this morning's price move has cost Polygon a little over 1/2 million ... how sad !
I am slightly disturbed by the speed of this move, its the sort of thing that smells horribly of insider trading and therefore the leaking of sensitive information by BoD. We aren't really due any updates this month but maybe Pavel intends to blow his own trumpet with an announcement on the 1st anniversary of the POX Hub going live with a statement that he is Superman and everything is now going ahead of plans because of his turnaround. Either way I still believe convertible options at 10.7p will put a break on this rise - that's me being a realist not a pessimist

10-Jul-19 09-Jul-19 Sell Ofer Druker 115.02 GBX 320,929 499,808 He has been selling on a regular basis. Hasn't hampered the share price. And you would sell, if you are getting regular shares for free.. . Look at the sale in July last year, then look at the shares he had left then, and the shares he has now.

That hasn't hampered the share price. As for dividends, I am with GDOG on that one, but this company has a history of paying dividends, and for an unknown reason the stockmarket in the UK seems to like companies that do pay dividends.

Retired Banker, I hope your prediction about IRC, is as good as your prediction about POGs share price that you advised everybody, would be held back by the convertible bond convertible price.

We had agreed to sell IRC, which I posted at the time I did not agree with. I just hope that IRC can make hay whilst the sun shines, and try and repay a bit more than there contractual repayments or at least amass enough cash, or do what POG did when we were finishing off the pox hub by hedging some of there production at the high rates.

If IRC can turn this around, then maybe one of the bigger boys might come sniffing, or IRC become a success in there own right.

But I saw no reason to sell it off before, I see even less reason now, and to give it away, in my opinion for what its worth thats ridiculous.

Freddie2 that is not correct, I believe it was only joined up within the last 12 months. One of the countries was very quick to build there side of the bridge, the others, I believe the Russians were very slow. Should not be long now though.

Updownflat. I dont believe we lose money on concentrate bought in, I have said all along that we will not make anywhere near as much on concentrate as we do on our own. We dont have anywhere near the costs on concentrate we have on our own, and if there wasnt enough in it, I cant see us buying and processing it.

I am not going to debate it anymore though, simply because we dont have the figures and unlikely to ever get them. So its all speculation.

updownflat whats 20% GM ??/

As I have already said uptown flat, it depends on the price we pay for concentrate. Some people were coming on here saying the company was going to produce up to 1000 per annum. The company revised this down to between 600 and 650.

With gold price the way it is we should be able to make very good money on our gold. The amount we make on concentrate bought in depends on , mainly the amount we pay to buy it in. If it is not profitable then we shouldn't be doing it.

But it stands to reason that if something costs £1 to buy and you only sell the end result for 95p you lose money.

But, if you buy the same thing for 70p and you sell it for 95p you make money. As I have already alluded to, we should only b doing this with spare capacity and we should be processing as much as our own as hat should be more profitable.

But the processing costs for concentrate bought in should be significantly lower the stuff of our own we dig up, for the simple reason we don't have the expense of digging it up. Or do you think its not that simple and I am missing something. ??