Member Info for Sotolo

Yes we are very due a dead cat bounce, I am hoping nearer 120 before it turns down again, to sell some, but I expect that figure may be far off and I will just have to sit it out.

Why do you think the share price is very low compared to what the company is achieving? It was very low at a few pence but now 10 times higher it seems in the right ballpark, going up and down within it depending how many people want to gamble, until we get some further news good or bad imho

I bought in too and have added, however you are right, the big question is IF rhodium stabilised at $20k

Tiger I make it 15000 Oz at $30000 = $450,000, take off tax and expenses and reckon £300m k + but still a very large amount given our market cap, but still crazy given market cap of £360m. Even if rhodium quarters still a good PE,tho amazing to see how Tharisa jumps from a very low to very high PE and back again year by year.

Although silver may well continue falling back, I think no one has noticed rare earths doubling. When Hoc bought out Biolantanidos the market poo pooed it and our share price tumbled. What is the case now?
Is there any idea yet how much of which metals Biolantanidos has, what it could produce annually and how much to extract. Ie what proportion of the business will it be, just tiny? And when could it contribute to profits.

On another note isn’t it likely that rhodium will have at least a bit of a retrace at $30000 which is a big figure. At this price our 15k annual ounces would be worth an amazing $450k less extraction costs which are only a small proportion at this price, overhead and tax, leaving maybe half our capitalisation to be earned this year from rhodium alone IF price holds up. Of course chrome another matter with potential export tax. How far can Rhodium bubble go, it is chasing Bitcoin

Great upsides Tiger However Isn’t Rhodium getting wildly overbought, and aren’t platinum and palladium on way down already with PM’s. I agree our forward PE is ridiculously low but if the metals start falling it may keep a lid on the price despite that. Plus worries will come in about the increasingly fast reduction in internal combustion engines….?

Yes some analysts are still looking for gold to rise but more and more are forecasting further down, UBS just joined in and have lowered their forecast for gold prices this year, anticipating a $150 drop, with their analysts looking for $1700 gold by the end of September and another drop from the end of December 2021 to March 2022, taking gold to $1650 per ounce. Sadly more and more now think this downward trend will get going even further. Even Dominic Frisby of MoneyWeek normally bullish on gold, says that gold is now losing the narrative game. However as you say by the time we get to mine who knows what the price will be, however there is a long time for potential mining to become unprofitable before we start extracting gold, which is why this share is such a gamble and why many of us love it. However iti s intolerant of some permabulls here to rubbish the bears, just with insults (and vice versa tho don't see much of that) it could go either way and all voices are welcome to me, including those who have sold out, potential buyers and anyone bothered to be interested. And I don't mind the rampers, (some of who have been on this board a long time) or the shorters (fewer), as they only make noise, it is the long term price that interests me which will be affected by the discounted return of future mining affected by a combination of what we find, the cost of getting it out and how much more or less it is than the gold price then, as it is the last that pushed our last mine to loss, saw an over 100 fold fall in the share price, and ended in it closing. I have been here a sadly long time.

Gold is very fickle and often does the opposite of what all the forecasters suggest, which can be self defeating as everyone positions for that direstion. However more forecaster are calling for long term down than up now, when they all do we should turn, UBS just joined in and have lowered their forecast for gold prices this year, anticipating a $150 drop. With the analysts looking for $1700 gold by the end of September and another drop from the end of December 2021 to March 2022, taking gold to $1650 per ounce.

Gnome you have a strong point as ever and I have been arguing so - have you been reading Sunetra Gupta - but the reply is that if we hadn’t locked down etc, deaths would have been far greater. Sweden is the interesting one tho has now succumbed. I argue that Hong Kong flue in the 60’s killed as many but we can barely remember it as we didn’t shut down so didn’t have any of the health and financial consequences from that. However since then we have become far more concerned about every life which is rather sweet. I think the saddest thing is how people take such entrenched views on either side, just as with Brexit, gold market conspiracy theories, Cey rising or falling, etc, so it is harder to have a reasoned debate. If only Covid had led to more tolerance and more nuanced arguments, but this late stage in the 100 year economic cycle is sadly never a time for that so rather scary.

Razor, we need more humour on this board, it made me chortle. Now full of hope holding on by finger nails till 22nd. You are like so many her a true gent, like a village pub of good friends as we all go through this together which ain’t easy. Thank you

Absolutely right Clutterbuck,

Razor, that is v witty! X

10 yr tips (inflation linked) rising but not as fast so gap and all important for us real interest rate rising. Question if or when Fed will get worried as increases costs for governments of servicing the huge debt

Sorry Steve. Wrong board thought you meant Hoc. As said should have sold all with Tiger over 200 but only sold a few. I have bought some Tharisa based partly on what he has posted on that board, up a healthy 6% today. . I feel tho Cey may fall further but I am looking toward 2023, I am no good at timing so stick. Hoc doesn’t have similar upside news, not the long mine life, not the 7% divi (for now) so hope to take advantage of a turn up and sell some of that. Cey will be lousy this year but looking forward to the long term

Steve because I get really jittery as we head towards the bottom, I know when I finally decide to sell will be when it turns, so I don’t so it carries on down. Yes I should have this morning However I also think there will be a PM bounce at some point in the not too distant future and am hanging on for that that tho may never come but if/when it does hope I will be brave enough to sell then around 230 before we plumb depths of last March. So I appreciate your push.

Tiger sold his Cey at a bit over £2, and has been investing in another miner Tharisa. It’s profits from Rhodium alone this year should be near 10 times Centamin’s total profits, at a third of the cap, its Forward PE is a tenth of Cey at 2 or 3, so I can see Tiger’s logic. Tiger et al thanks for posting your views on when to sell/you have sold, even if I sadly didn’t follow suit, and also miners you think have better prospects to give us all ideas while Cey stagnates.

I bought another £10k just after opening at 132.6,, went back just now to buy same again and now 140

Have a look over on kitco at silver price suppression squeeze and other myths that explains why taking delivery of silver will have no effect, really interesting watch

Thanks as ever Knight, interesting. However the rules are subject to change as the Hunts found out, and our board don't see a takeoff having hedged a third at $27, so far proved right as silver begins its fall (dating the chart in the article). Personally the Chairman and CEO have both sold a third of their holding, the CEO after this was published and the Reddit silver stuff, hardly a ringing endorsement. I wish you were right....but I think I believe our board's actions more, and the charts that suggest we head south