Member Info for Sotolo

Dasut no one here ever minds your two pennorth, you are so valuable to the board with your mining knowledge, it is great how we all bring different things, Gnome with his macro insights and reading links, Siko with his local and language knowledge, those who are exuberant and the natural sceptics, and Market who keeps posting interestingly despite on his uppers. Dasut and all, so appreciated and I have a good feeling about the company….now don’t all run for the hills.

Well the great thing is we are getting very close to being able to buy more shares at the offer price back in December of 17p, which was then limited somewhat unfairly to friends, but now we can get them cheaply too tho of course without the warrants which should have raided the company half as much again so there is £6m cash or 3p a share. And with little different information it was easy to sell over 20m more shares at that price so hopefully a floor

Yes Marmot, Eeyore or a realist, gloomy the last 6 months which has sadly turned out rather right but over optimistic before, Mr T is definitely Winnie the Pooh and of course Tiger by the tail is…Tigger, Mizolgit is Rabbit, Gnome is Owl, but who are you? Have a lovely weekend all, we have held up well the last few days, but I do hope falling gold doesn’t take us back down, roll on 2023 when we will need platinum flip flops or even rhodium ones…..

falling gold

Vicjain do Omi have the right to sell their 20% and is there a formula for working out the price or is it only if Newmont/Agnico eventually fancy and at whatever price they feel like giving, last time form memory it was around 10p?

As breaktwister says and I have pointed out Newmont/Agnico 80% for financing it so no need to buy out the other 20% unless they really want to much later, and no one else can so the value of this share is in a duture dividend stream 10 years down the track if it materialised

Bought some more just now…madly?

Rhodium off nearly 10%this week, I do wonder if we saw a double top just under $30k. However what really surprise me is how in the company presentation they offered a choice of Ruthenium being $25k $30k $40k ie in essence continuing to rise with no option of a fall despite the price being so toopy. So either they are right or more likely only giving the optimistic scenario, which is slightly worrying if a supposedly sensible company is caught up in the hype and the possibility that the market will only go one way….up. As we know it can go either way. And many of us investing are factoring in profits at lower rhodium me at $10k which still makes Tharisa a decent buy, but of course hoping for more.

Most sadly on down for now, will it break the 190 low of last 8 months and make new lows, after all on Mar 23rd last year it was 88. Hope I’m wrong but ha ent been through this fall

I think the secret to not losing is the opposite, cut your losses and run your winners, when a share falls 20% sell, then the more than20% risers should outweigh the max 20% fallers. Yes average down can work but is a bad idea on a share with an unknown future as can be increasing your losses. I would rather add as it rises and cut on a fall, or just stick around

Sorry a bit late. Yesterday and today silver dropped 4.5%, that would be around 13% off profits, hence share price, if sustained, for a pure silver miner, or around 7% off for Hoc. So we survived well ….so far

Rhodium now $28400, down $1400 since Monday, but I make the basket still above $4100

No one has a clue where Bitcoin or gold for that matter will go, economic forecasting is notoriously hard and monkeys with darts usually beat analyst. For Newmont it is a tiny amount of money, on which could make a lot or just lose all, hopefully same for us and we like they think it worth the gamble

then subtract tax and non aisc capex etc, to get to around $200m+ profit at these prices,

DRyland, it is a pleasure to read your sensible post as ever. I quite agree rampers are as dangerous or more so than shorters on these small cap boards; so it always surprises and saddens me how many readers don’t want to hear arguments about why the share should fall as rise. This board needs fact based arguments on both sides, to help investors with knowledge about the company, rather than just that the share should be this or that price. In the end the fundamentals will out, and let’s hope they turn out good for us long term holders, they have certainly changed for the better since Uruguay times - I am still upset about management not letting us know about the true nature of our rising costs that forced our mine closure - unexpected me - partly mitigated by the Anza buy, so I still don’t trust them, but do Newmont and Agnico which is why I stay

Yes a huge revenue which would still give a very sizeable profit, forward PE seems under 3? Usually THS PE falls to about 6 at the peak of the cycle, maybe it is half this time because the share price believes this cycle the price is so overextended?

Yes it should bounce but will 18 prove a double bottom from which it does so, just as the double top above 40, or will we go back down where we were?

Was that a Rhodium double top we just saw, with it down $700, like the grand old Duke of York it has marched all the way up and….or is it a small pull back to muster the energy to break through 30000. Alway hard to say where bubbles end as go further than anyone would have thought, and the current price would have seemed absurd a year ago, but Phoevos appeared to twinkle he thought it would go on up in his presentation. Any thoughts?

I absolutely am and probably unlike you have been here since the early 2000’s. Why on earth would I have wasted my time posting to this board over many years especially when almost no one else was reading it. Stop being so suspicious or silly and even worse only wanting tampers on these boards which makes them pointless lol

I valued them highly when they were mining, their costs were around $1200 and gold had risen to $1400, the company was only valued at $10m but was in theory making a quarter of that, only it wasn’t as costs kept rising without as being told faster that gold, so mine closed down. Then I values Anza at almost nothing as we didn’t have the capital to do anything. I sold half just to make a very big tax loss. ThenNewmont provided that, for a large stake and was worth 10p so sold some more, but drifted back under 2p, and had forgotten about them/psychologically written them off, then Agnico came in too and they show to 20p then 40p and sold some more. As said they don’t really have a value just what someone else is prepared to pay for them, as you say expectation and speculation until we find what ounces and costs when there are metrics used in mining to calculate potential future, and you can see if they are much cheaper or more expensive than this, but not yet.imho