Member Info for Sotolo

Thank you, around the highest basket (esp Karo) in quite a while and chromium, strange shares opened so down but should quickly bounce back

I too reinvested the dividend yesterday afternoon at 52.3, 10% more than the shares we bought and posted last week but still a fantastic price

Stanley that was the years from before the election of Pedro Castillo when Edoardo seeing what was coming sold 61.7million shares at £2 and we fell nearly 4 fold through the threatening politics and Inmaculada riot and closure threats until the regime change. Since then the mantra has change to you can always sell for more. So hold on the future is now bright especially since are also investing to replace falling output from old/closed mines. As written I have been rebuilding to the core I hold. Full of hope, lots of potential imho

They have cash, we have the debt for Karo so need to conserve it for that I think…

Well no dividend again, but understandable as they still need to conserve cash to pay down big debts of last couple of years with the heavy expenditure on Mara Rosa etc to buy production to make up for ounces they have lost at their tired mines. About time. However IF gold prices hold up or rise and IF no more disasters political or natural, then the future looks good, jam next year but better than the last couple of years’ marmite imho

The Oracle is quite right, Hochschild is now a gold miner with a bit of silver

Sorry to post again but again by my calcs the basket is much as it was 6 months ago but share price down 40%

Also interesting that THS PGM basket’s biggest constituents now are, by my fallible calcs, Platinum 36% rh 31% iridium 15% and palladium only 13%. While Karo basket has Palladium and Platinum as biggest both at just over a third followed by gold 16% and then rhodium. So Karo basket has been recovering a bit faster this week. Remains to be seen if Palladiumnis a dead cat bounce or proves real

I too have maybe rashly bought a few thousand more

Is this exciting iyho?

15% up in just a few days, I don’t call that sluggish but rather wonderful the last few days

Aha Steve knocking off at 2pm, how lovely, are you a British workman, explains a lot x

We usually have them a couple of years out, they have proved very useful over past few years enabling us to sell silver at $26+ which has been v useful when Pallancata silver so expensive to get out and prevented even bigger losses from that mine. This is a nicely electric share when it works

The RNS looks interesting though more years of jam tomorrow as they continue to invest heavily in building output back to replace the underinvested worn out mines they ended up with, however at least that huge problem was recognised, is being addressed and the future looks bright for the family and those happy to stick with the shares long term. In the meantime the gold and silver prices will hopefully help out though of course some of our output is hedged

Money man, thanks for the gentleness and being a such a gentleman, looking back through the figures you are right and maybe PGM’s have found a bottom, though a bit worse for Karo where Palladium is getting on for half I think. Also the basket is up a bit today so you are even more right. However PGM profits are down over the last couple of years along with the share price that seemed so cheap then but maybe expected this.

What about the hedge, and the Pallancata shutdown?

Money man, unfortunately the profits may fall as much as the share price with the continuing falls in PGM’s so the PE may remain around where it was. The world’s largest car market continues to increase the share of pure ev’s, already nearing 30%, even a small drop in demand for PGM’s can reduce the price a lot unless supply falls too and this is just getting worse. Luckily we have the chromium as long as this price stays up, but it seems to have halted for now while still plenty of inflation. Just as long as it doesn’t do a nickel. So the price seems fair to me for now with the Karo worry on top. It isn’t a great time to have a lot of debt and a capitalisation now just £144m. I wonder what they’ll say in the next report, they seem rather defensive now which I find a bit worrying, though all this is only my totally uninformed and unprofessional opinion as these bulletin boards are used and I certainly don’t suggest doing anything though I am still holding.

According to gold website the metal has just hit an all time high in sterling. What we need now is it for it to make an all time high ex inflation, ie in rel terms, to take account of increased costs, and bring the share price back to an all time high in real terms which is about 3 times what it is now

Thanks Steve, where next?

Mr Tibbles thanks for posting this; it is impressive if frightening how successful the fake news proponents have been in tarnishing the 4th estate, the 4th pillar of democracy, so that now made up news is thought by many to be truer than the real thing. Undermining psb’s is a key part of this, and a great success story for Moscow, although it has a long history from Octavian falsely smearing Anthony for his affair with Cleopatra to Lord Northcliffe Goebbels and Stalin, however never has there been technology like this to disseminate falsehoods so successfully, as the St Petersburg troll factories did in recent elections. It is becoming hard to know even when what we read about Cey is true when so many believe what they read on the net that tarnishes those working so hard to give us the truth. So I may not agree with you but thank you especially when you talk about Centamin from an honest if not always informed viewpoint like most of us.