Member Info for SiriusB

Q1 production numbers next week. Let’s see if they can continue to increase production offsetting overall lower PGM basket price. Would be great to see more chrome production at these higher prices

Great summary of Karo financing Visitor and thanks for sharing. I agree with what you say about needing clear guidance on funding for Karo however I am sure the company are biding their time and keeping all options on the table right now to secure the best outcome for shareholders. As you highlighted the PGM basket and Chrome price is key so if it strengthens in 2023 then funding organically should be the best option. I have invested in Tharisa for the PGM exposure as I believe prices will hold up well through the energy transition this decade and immediately as China finds its feet post covid. Parallels would be HZM. They decided to raise more money to cover increased costs but they have no cash flow option. That hit the sp hard but it’s recovered a bit as the mine development gathers pace, risk is reduced and Nickel price strengthens. Tharisa is at the start of this process with Karo but has more options on how to fund. It’s certainly an exciting 18 months for the Company that’s for sure.

Also interested in where you get the basket price from too. I just usually follow Tharisa’s update but haven’t seen one this week. Platinum flat but palladium down on the PM front

AIM?

Anyone grab the article under the free trial they can share please?

AISC last update $1637 (significant improvement from previous) vs Gold price now at $1618 as I write. SP currently reflecting this potentially loss making right now. We need price of gold to bottom and AISC to continue to come down

That trading update couldn’t have been worded more negatively. Decreasing output, increasing costs, weak prices, late milestones, etc yet still up 4%. Any other company would have taken a hammering. Just goes to show the current value here

SP behaving like this is going bust. See if 24p can hold. No doubt being driven by POG and rising costs. Such a shame after the positive results from Palito and trucking ore from Corringa over last few months. Has just been overtaken by events. Will be very hard to raise any money going forwards

They never do is my experience…for better or worse.

From 1st Aug RNS…

‘The Company and AOP have agreed that Shield shall not be required to allot shares to the AOP to the extent that following such allotment, AOP (together with any person or persons with whom AOP is acting in concert) would control thirty per cent. or more of the voting rights in Shield.’

Sound similar? Both have recently approved products on the market

RNS states they won’t go over 30%.

More interesting is the DNL offer today. Not good for LTHs but a good premium to last week. Shows that there is real appetite for M&A in the market.

This is just the result of the Loan agreement 1st Aug RNS isn’t it?

‘Immediately following the finalization of the Loan Agreement, AOP requested the conversion of a portion of the Shareholder Loan into 41,195,246 ordinary shares of £0.015 each in Shield ("New Ordinary Shares"). The conversion price is 5.5215p per Ordinary Share, calculated to be 10 per cent below the average mid-market closing price of the shares during the ten business days preceding the conversion date, and the loan balance converted therefore has a value of £2,274,595 (approximately US$2,764,659). Under the terms of the conversion, AOP will be allotted and issued 41,195,246 New Ordinary Shares representing circa 19 per cent.‘

Hi all, when do we expect the ONP to be back online? Thanks

What went on there at the close? Seemed to jump 5p. Is that correct?

Strong buying. Lots of people must be involved in the tie in process. I wonder if they are loading up given what they know on the ground. First new gas in 20 years!

Does coho tie in not start putting cash in the bank? Of course this will be used to fund ongoing development and exploration but it seems like PB is managing cash well given the priority calls made recently

Invisible hand = Burggraben selling out then. He sounds v. Bearish on oil market. Who will be right…perhaps both might be depending on timeframe

I probably do have a bit of a negative bias towards SRB after the ups and downs over the years. I am hopeful the update due in the next few days continues the upwards momentum to offset any weakness in the price of gold/markets. I also believe gold will push on at the back end of the year so lots to be excited about here. Just need MH not to snatch defeat from the jaws of victory and deliver the 80,000 oz pa he has promised for so long

Not everything going the right way but they certainly turned their operations around. Gold price is key for profits and it looks to me like it wants to head lower during the summer. This and overall small cap sentiment is key to the sp