Member Info for Sotolo

Centamin has can’t buy my mine, only half, as Centamin only own 50% of Sukari, would emra sell their half, and would a big miner want a JJ with emra, just wondering? Yes I was very bullish last summer and dreaming of golden flip flops but don’t remember dreaming £3, and posted selling quite a few when it came down to a bit over £2. Feeling much gloomier now but that could be a contra indicator of a returning bull, though I don’t think so…which just might prove it

Thanks, yes JM have a Rhodium fall of around $4500, so similar around 20%, as said I see this as very healthy pop in a crazy bubble, now hopefully it will ascend more gently

Yes they seem to calculate differently but the Rhodium fall is similar, so far around 20%, yes of course it would be great if it settled her at 20000, I would be utterly thrilled, but it seems very bubbly to me, and I guess either this fall was just profit taking and it will soar back up, or take a further tumble. However as said good our share price is pretty much ignoring this year’s huge temporary ups and downs.

Sorry Kitco has Platinum down over 10% from the top and rhodium near 25%, are their figures wrong or is this a mere bagatelle, I would call above 20% retrace a tumble; if anywhere near this is true would mean considerable more than that off profit since the top, though of course still great PGM prices if not great yield as keep pumping capital back in for not much more profit yet. I do however understand rhodium is quoted different prices in different places, and expect/hope for another high before the next cyclical, and more important secular, fallback

Holding up stunningly despite all the metal tumbles, but maybe because it didn’t rise this year with them?

Yes, but the fly in the ointment is falling gold which has had its dead cat bounce and is off down again but where $1600, $1500, or$1400 when we’ll be losing $50 per ounce mined this yea and next? Hopefully gold will turn back up at some point this year and we will be in good profit in a couple.of years but this year looks a washout. It ha seen truly horrid to see the fall from 220, wrecking many of our plans, and so hard to know what to do after a near 60% fall when same again is possible, well I’ll just hang on and feel miserable, 18th may help a bit but new concessions will only eat capital for now, and eventually dividend will have to give imho. Boohoo

My advice filter no one as you never know who will make you think and how, the point of these boards, tolerance!

Lucky guy, if I read it right sold 100,000 to buy 168,000 cheaper as a special deal we aren’t offered, they really feather their own nests, also pathetic signal not to increase holding by £20k . Gold has turned back down quickly, maybe he’s worried about the increasing tumble or with his knowledge just not a lot of faith in the prospecting or rathe poor without savings?

I ticked $25k but Phoebus looked like he was going for $40k or $50k, I thought he said he’d tell us later. I wondered if he was being excessively optimistic even if he may well be proved right. Tiger you are an amazing person, I was lucky enough to pick up 4 BAFTAs but say it was an entirely different lot of molecules that did that, so love the notion of a past life that may have been mine. Personally I don’t really believe mine was me even though I have the VHS’s of the ceremonies and statuettes. As said I later did some work for a TV station in Kiev. Now (right now) I am out with the chain saw and clearing brambles, as usual lamenting the profits I have forgone by not cashing in Cey and Hoc, and worried PM’s are just having a big dead cat bounce. Would love to know one day where your knowledge of Eastern Europe comes from as you seem wise.
PS rhodium price now below 20000 on Kitco so as expected, it was a crazy bubble, however very good news as it is more likely to rise further if it has a really good fall now, which the share price seems to have been anticipating

I ticked $25k but Phoebus looked like he was going for $40k or $50k, I thought he said he’d tell us later. I wondered if he was being excessively optimistic even if he may well be proved right. Tiger you are an amazing person, I was lucky enough to pick up 4 BAFTAs but say it was an entirely different lot of molecules that did that, so love the notion of a past life that may have been mine. Personally I don’t really believe mine was me even though I have the VHS’s of the ceremonies and statuettes. As said I later did some work for a TV station in Kiev. Now (right now) I am out with the chain saw and clearing brambles, as usual lamenting the profits I have forgone by not cashing in Cey and Hoc, and worried PM’s are just having a big dead cat bounce. Would love to know one day where your knowledge of Eastern Europe comes from as you seem wise.

…or the reserves fail, so not investing more yet means they would forgo super profit but more important to them not be out of pocket more than they have put in so far. Obviously makes sense for anyone prudent to wait. Of course us lot aren’t prudent and are betting on good economic reserves being proven, for a multi bagger, rather than failing and back where we came from, they are not like us who can afford to lose all our investment on the gamble we’ll make loads imho

On Kitco rhodium is 21800-23800, down a bit under 20%, sorry I was premature. Anyway Tiger a healthy correction as we discussed and expected on the approach to $30000. Hopefully it will turn back up, Thoebos seemed to think so, and it makes another peak of even $40000 before the usual 2 or 3 year bubble reverses, which can always be longer than you think. Share price still static.

What percentage do you guess smelter takes, would help explain price. V hard to work out future profit (for me anyway)

So surprising the share price is currently so stable, moving so little through the day and with so many buys at the same price. Usually shares with a narrow free float are much more jumpy. Even more so long term, amazing our share price exactly 3 years ago in Mar 2018 was….131p or the year before… 134p. While other PGM miners have shot up. However I suppose with little more than 15% of profits returned as a dividend, the yield is relatively low at around 2%, as so much profit is ploughed back in but doesn’t seem to have augmented the future profit…yet? Hochschild ceo keeps saying they too are very underrated in presentations but they too give a low dividend, which is great in a growth company like Amazon, but just hope their growth comes off as increased profit now. For me the big question is always how much Capex there is beyond the cost included in the costs per ounce, and how much this generates greater profits. I keep adding as the cash must be so great now and hopefully we’ll get through the 140p of the start of the year soon, and finally though the 153 of Dec 2017 (a year when profits were almost exactly last year but should be much higher now?

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I was immensely bullish on gold in March wrongly, Apr-Aug rightly, Aug-Oct wrongly, and given how gold had gone down, vaccine, 20 year bond bull turned and rates rising, soaring stock market sucking in golds money became bearish for the first time in a while, increasing with the death cross, sadly my bearish view the last 5 months has been entirely right. I am more right than wrong, I remain bearish now, dying to be proved wrong by market. I have been in this share nearly 20 years so have risen a few gold markets including the one that killed our Uruguay mine, and seen through an over 10000% share fall, so am naturally a bit nervous

Webb’s, I appreciate your posts as all the different views on here, your views have sadly proved right the last few weeks as the proce has steadily fallen so please keep posting, and everyone else, a multiplicity of views is so useful

I also expect the same presentation, but there is time for questions after that will be the interesting part, in particular what he thinks the probability and effect of the recently passed chrome export tax will be- chrome is traditionally more than half the profit without these exceptional PGM prices, and I notice the Vice President of the SA mineral council said recently "it will certainly reduce the margin of ore exporters", and some are likely to become unprofitable, though hopefully Tharisa will still be making chrome profits with the higher chrome prices and reduced Vulcan costs - oh and as ever please do correct me if I am wrong you wise generous and knowledgeable contributors already here, thanks

As I. The article I posted
Ast week about how the silver futures market actually works, sadly silver delivery at end March will actually make no difference to the price. Expect a bit of a rise now as a bounce and then a further fall if this is anything like 2013 which it seems to be.

Yup this is the bounce we have been expecting right on cue, should take gold up between 7 and 10% so cey near 120 or if we are lucky even 130 before on down., tho of course I hope on down doesn’t happen I expect it will, just as much as this bounce