Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Steve we quite agreed about Horgan’s obfuscation about the share price at the presentation, if using different words. So excluding gold rising or falling from here, as you point out here, the big question is if/when profits will rise which is when ounces are met and then rise and AISC is actually seen to fall so could be at results but really for profits and shares to double more like a year or two if happens imho
Viz 100 yr cycles as I think Machiavelli said
Hard time create strong men
Strong men create good times
Good times create weak men
Weak men create hard times
We have unfortunately been at the last. Put another way this generation has forgotten the 1930’s and 40’s that everyone did everything to avoid for next 70 years till forgot. So not only for our dotage but great for grandkids. Hence gold
Long 100 year cycles Mr Gnome, your grandchildren should have a fab time as have we. On another note I posted here this summer, when Hochschild got its Inmaculada extension, that its share price was way under Cey but should quickly return to its historic norm, around 40% above Cey, particularly with quieter Peru politics too. I posted further, a couple of weeks ago, when they were level pegging around 80 that Hoc should soon rip ahead and get over 100p, it did yesterday and if it doesn’t overshoot should end up near doubled in a few months to 120, wish I’d had the cash to buy more, but at least when I raised cash a few weeks ago to buy the Fisker Ocean EV, to cheer us up in this despond, I sold Cey THS and Japan and hung on to all the Hoc and more I had bought in summer. Now I am just hoping that hanging onto Cey and particularly THS will result in the same. Cey seems fairly values till when (if) as promised profits pick up again, but THS is valued on its PGM when actually most profit comes from chromium now, that is going great guns, just as Hoc had been valued on silver when actually it is now mainly gold. Also unlike Cey and Hoc, THS has great management so that is the one I hope will double again one day, as Hoc has nearly done, but not tomorrow. Cey not for a year or two unless gold takes off
PS my non financial and non share buying (sensible) partner over heard some of it and exclaimed “ I wouldn’t invest in them they sound so boring, how can they make a business grow when t✝️are so dull and unexcited” more or less what you were saying Boblitz.
Annoying to hear Horgan obfuscate on the rhetorical question of why share price is low. The answer is blindingly obvious that profits are so reduced. But he tries to blame poor UK mid cap market (which hasn’t fallen anything like Centamin) or the Israel Gaza situation caring and informed as a. ‘Significant shareholder myself’. I had a bit of time for him but not when he doesn’t just come straight, second rate I would say
Weekly PGM basket on THS website today
Tharisa mine $1355
Karo Mine $1244
Last week $1453 and $1272
The reason Karo moves less is that it is much less exposed to rhodium, which is just 14% of its basket, interestingly gold is also 14% of the Karo basket. However Karo at these prices is really a platinum and palladium mine with a bit of rhodium and gold
Chromium is just a tiny bit down, staying essentially flat
So this is the beginning of reduction in PGM output along with Karo delay etc. Hopefully the appalling prices will mean more than enough mine closures to level with the reduction of PGM use. I had my new EV delivered today, one less CAT, and our chromium will make us one of the survivors.
Well I spoke a bit too soon, back near $1400 let’s hope a pullback and not a false dawn. Chromium stil staying flat and money must be rolling in at these prices
Rebess., I would concur. We don’t have to agree with each other. In fact it is positively helpful to read views from all sides some of which we will disagree with, but focus the mind. We live in a sad period when many only want to read or hear views like their own. So please all keep posting, including Siko, but do try to keep it civil, this is not the school yard that many would like to return to, though certainly not me. So thanks all, have a great weekend, and let’s hope we head north next week.
Siko your thoughtful and gentle contributions are much appreciated by many here, as is your knowledge of Egypt, but above all I appreciate your courtesy, it would be wonderful if all here could be as courteous but we live in an age of polarisation and anger. Thank you, you are wise not to get drawn in, albeit I do hope you continue posting about the feeling in Egypt, also as servicing debt becomes harder and its economic and political ramifications.