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Https://www.miningweekly.com/article/zambia-president-hakainde-hichilema-to-deliver-keynote-address-at-mining-indaba-2024-01-23

Should be worth a listen. Maybe there will be news from Anglo / Arc to talk about by then 😁

Http://tinyurl.com/25xmy57p

Still digesting the RNS, some good, some frustrating, some indecipherable as usual!

Some people I have filtered in the last year….

NorEscO, Travelcard, DonkeyOatey, Takenorisk, PeggyCilla911…. And many many more! I’ll leave you to draw your own conclusions of course 😉

Https://x.com/kobold_metals/status/1749497533800296497?s=61

The JV with TYM gets a mention in this little presentation.

Thanks @aprogerson but I've had the hysterical NorEsco and the rest of the reprobates filtered for a long time and that's where they will stay!

You must have a very short memory Frog, seen the light! He's done nothing but lie about the company since he first showed up here, why would you think he would change now?

There's no shortage of interest in the shares, you can see that by looking at the size of the buys.... looks like another tree shake combined with the usual herd of scaremongers... it's all getting a bit tedious now! Just remember that with limited liquidity a sniff of good news and the SP will move up even faster than it's been maneouvered down!

Do you think those assets just appeared out of thin air?

Hornygoatweed, every post you do is the same thing… if you have no faith in AIM companies why are you even here?

A few weeks ago when the price was moving up, nobody was complaining, some people who are now bashing the company were ramping the heck out of it! What’s changed? A few traders have sold up, big deal.

You realise that if they can't raise money to sustain the business until it becomes profitable then it can no longer operate as a going concern? Seems like cutting your nose off to spite your face!

You're calling the management clowns and yet this is the same management that has managed to amass licenses with very good potential, have one JV ready to go and likely others in the pipeline. If you have faith in the assets then you should be holding or buying more. If you don't, move on.

Here's a PGM cost curve for 2020 with some of the major mines:

http://tinyurl.com/yck9vjxf

I've marked Pilanesberg, which is very close to the Thutse operation, that one closed down late last year due to the basket price. Next to it is Impala Canada which has recently announced a possible restructuring of the business due to the palladium price. All things being equal I guess it's fair to assume that every operation above them on the cost curve is struggling / loss making.

If you take into account the chrome credits for Jubilee's operation, it puts them at a cost / PGM ounce in the order of US$300/ounce... right at the bottom of that curve.

Here are the average metals prices for the current quarter and the previous 2 quarters (numbers are calendar year rather than financial year)

http://tinyurl.com/25e5xwhr

Some might find it useful if they are trying to estimate financials. I don't think we are making a whole lot on PGM's at the moment (maybe US$1.5-2.0 million per quarter) but as throughput at Inyoni increases, the fixed cost / ounce will come down, improving the margin. Hopefully we should see evidence of that in the next set of numbers, as well as the effect of Thutse coming through on the chrome earnings. Chrome concentrate prices have been remarkably stable for the last few months... is this the new normal?

If you think the halfwits posting negatively here are going to have a significant impact on the share price I think you are giving them far more credit than they deserve!

This should confuse the traders as FOMO kicks in nearer the investor call, with the possibility of assay results between now and thursday…. Do they sell into the rise and potentially miss a big spike? I think I’ll just sit tight and let the game play out 😉

From what I remember, the price of rhodium crashed because a lot was dumped onto the market due to buyers not wanting to hold too much with lack of demand in automotive and glass industries. There was expected to be a correction back to around US$6,000 / ounce at some point I believe… maybe this is the start of it? It could just be a blip of course.

Hi Mikie, yes I’ve noticed it’s been creeping up for the last few days. I haven’t seen any obvious reason for it, there must be some increased demand for it somewhere I guess.

I haven’t directed any posts towards you Moneyman, maybe you misunderstood my quoting of Bushytailed.

TR1 @ HUM. Sad face.

“ I certainly ramp for 2 years and lose 70% before I mentioned that I sold much much higher. ”

Hehe, thats the first true thing he’s ever posted on this board and even that was a Freudian slip!

Several cases in point going through as sells now…. Guess what… they’re not!

Next week 😀