The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Mary. They have been telling us this for many many months, so nothing new to affect the share price. If or when they don’t get the permit they will lose most of their profits so the share price will plunge conversely. If they do get permitted it could soar, depending on the detail of what the permit it says. They have been suggesting for a long time, that it may be some kind of compromise. But it doesn’t look great with the negotiations, taking so very very long.
Rh continuing the 2 year trend and soon down 4 fold from the top as already hit 8000. Lucky we have chromium tho Keyes hope PGM recover before Karo goes into production so isn’t a white elephant and a drag rather than enhancement on profit. With chromium off the top the share price that looks forward is doing surprisingly well. Just wonder when the 2 year bear will turn. Presumably when we start reading how dreadful rh price is as too was marked by lots of news on it
With All that has been going on, this year’s results have been postponed, I wonder if we’ll get the customary end of quarter rns saying still no Inmacculada news, as promised this quarter, hopefully there will be some permit news that is good before the postponed result
Saab, if the permit is fully given then then the price will shoot up, however chances are that it won’t and there will be some compromise, and the price will depend on how good or bad that is, II wonder if there will be an rns tomorrow saying why it hasn’t come again this quarter?
r1234 absolutely. We need to tolerate and respect each others’ views; in the grate scheme of things in 500 years it will be meaningless history, even in 100, and we shall be dead. So dreadful how people fight so about it. I am writing this in a sweet seafood restaurant in Bari, Italy, talking to the waiter about how left and right in Italy are so intolerant and won’t listen to the other point of view same everywhere, we seem to become so polarised and not just have decent debate.
For each extra $100 on gold prive per oz and on 460k oz as Prof says then that is extra $46m of which I believe we get approx $22m (less 52.5%) so in answer to you question the difference for us between 1950 and 2100 is an extra approx £26m so broadly as Prof says
I look for the licence rns every morning despite expectation saying that we will get another end of quarter rns next Friday saying actually the elusive permit has still not arrived as promised the previous quarter but will be arriving in the next quarter….and so on
Because the bank failure changed things and as Keynes said when the fact I change my mind, and the price of Cey fell making them good value, and the directors bought, and quite surprisingly seems we might be at the top of the interest rate cycle. Nothing pleases me more than when he gets it wrong, now let’s hope he is not proved right and this is not temporary
Actually 100k from Horgan and 50k from Jerard is far more than management have been investing for a long while and I would say a very positive sign, I have now bought 30k at an average of 101 over the last week and feel comfortable to have done so
as said I bought just a few thousand more reinvesting the divi a few days ago at 94p so I am obviously a believer, just the share price is absurdly low at current profits but would be justified by much lower ones so plenty of wiggle room and a greta management plus market doesn't really realise we are now a chrome miner with PGM's
Hi visitor I did ask if my aisc is were in the right ballpark, it seems with Karo yes but Tharisa mine PGM you think is considerably lower if 1150, which is cheering, I will look at my sums again
On PGM forecasts two years ago Rh was in the $20,000’s, I said I thought it likely to fall and COULD even fall as low as $2000 , tho I didn’t expect anything like that much just a lot, particularly with the marginal reduction in demand as number of pure ev’s increases, a even a small reduction in demand can lead to a big reduction in price. This was a multi year expectation and I didn’t think it would go that far, however it is already down near $8k when it was over three times as much. I am not a permabear, just we have been in a two year so far PGM bear market and I say it as I see it. However chromium is in a bull market which I didn’t see and nearly makes up for it, and overall our very lowly historic PE has room to quintuple still making current share price reasonable (ie profits fall 5 fold). Finally I hope the PGM bear will turn before Karo opens plus Platinum (and Palladium) demand will grow, Karo is much less reliant on rh, and 10% gold. My other hope is that there is a hybrid explosion in third world to make up for ev explosion in first. And as said all this is just me so please do point out my errors, I never suggest I have it all right
Prof clever Mr Jones selling at 107. I couldn’t resist getting even more at 99. Hoc seems to be rising despite PM falls maybe on some knowledge or hope of permit problem being solved? Normally it is more expensive than cey but now a third less
I was talking about the immediate trend, rh down yet again today. But yes hopefully it will have reversed by later 2024 as you suggest unless we have a stinking recession
However I am in Suffolk where it is early to bed early to rise, however I am always surprised how often Razor is up before me and how many post overnight, most from Oz