Member Info for SANDMAN99

Looks like something happening. Time to top up?

It will be a huge challenge and preventing corruption will be a gigantic hurdle that needs to be addressed.
However if all goes well it will be the best thing that has happened in South Africa for many years. The building of the two new power stations has proved to be a bridge too far, let's hope they get it right this time.

I am afraid that this is a way of life in South Africa Tokols.
Corruption runs deep through every entity here.

Wonder if David Brown has sold his shares?

Creeping up on the JSE

https://www.miningmx.com/top-story/38961-former-implats-ceo-david-brown-backs-darwendale-to-take-its-place-in-pgm-industry/

There is no rail link to Vele, not even part of the way, besides they would need to build load-out station.
to get the coal to Mussina & truck it from there.
I just hope there are no nasty surprises when they try and restart Vele after all these years.

https://hotcopper.com.au/threads/ann-mcm-makhado-thermal-coal-off-take-signed.4717402/

Equates to approx $102M profit per annum at peak (less transport costs) for phase 1.
Can at least double that for phase 2. Not too shabby.

Remember that they signed heads of agreement with China Railway
last September to fund 85% of the EPC. $85 million
So probably little if any dilution if this agreement goes ahead.

Yes Vele requires an upgrade before it can go back into production, and although the engineering
has been done they would still need to do the construction work which in my opinion would take
approx 6 months.

If you take away the top twenty shareholders, it leaves a float
of only 12.2 million, so if the top 20 are not selling then very little liquidity.

Hopefully the following will occur
1. Second off-take agreement for Makhado
2. Announcement of engineering programme for Makhado
3. Second CGA to be announced

I think it is worth remembering that only 21% of shares are held in public hands equating to approx 30 mil shares,
which in the grand scheme of things that is not a lot. So it is the minority that are controlling the share price as they
are the only ones trading. It only takes 300 people with 100,000 shares and there is your 30 million.

70P EQUIVALENT ON JSE

Now 10.44 on JSE

Interesting article from 2012. Note the SP equivalent to R97.60 after consolidation.
https://www.iol.co.za/business-report/economy/coals-reserves-in-soutpansberg-rocket-fivefold-1318546

Starting to move on the JSE

The exploration and development of the Greater Soutpansberg Project
(“GSP”) coking and thermal coal prospects is the catalyst for the
long-term growth of the Company. The DMR is considering the Company’s
mining right applications for the Mopane, Generaal and Chapudi
projects comprising the GSP and these licences are expected to be
granted in H1 FY2019.

https://www.enca.com/news/parliament-withdraws-expropriation-bill