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Yes indeed Langford. looking a bit further

ounces x1000 aisc gold price revenue millions cash millions

2023 450 $1,220 $1,983 $892 $153

2022 440 $1,399 $1,794 $788 $156

2021 415 $1,211 $1,797 $733 $257

2020 452 $1,060 $1,766 $828 $310

We get 47.5%. The dividend policy is to give a lower share of profits than under Pardy but that is already baked in to our much reduced dividend so with considerably higher profits the dividend should rise, looking forward to Finals. Bought a tiny few more at 92.8 as market really doesn’t seem to get it unless I am missing something. I need a harder look comparing all inc cash to last year

Bought a few more at 93.1p a bargain

Phew it has been a long wait. Finally decent AISC, decent ounces and decent forward guidance. On these figures and Cey historic PE our share price is well undervalued. Very much looking forward to the market reaction at the finals, and hopefully starting today. Also a dividend recovery.

You may well be right but currently already quite a bit over 10% worldwide and rising which makes a big difference to PGM prices as we see, even if this rises to 20 or 30% likely to make a more considerable difference unless production falls to match. China is a huge dent in the ice market

“Electric vehicles will account for 62% to 86% of global sales by 2030, with China reaching an EV market share of at least 90% by then, according to an RMI report in September.” Says automotivdive etc. If true PGM prices will be shattered, lucky we have the chrome and helps explains our currently absurdly low share price

I make Karo currently around $1200 at which price they are putting hundreds of millions into a mine to lose more money. I suppose the big question is as marginal PGM demand falls way as the world’s largest auto market got to a quarter of cars sold entirely electric last year and getting on for a third this year and rising fast, whether enough PGM mines can go bust as prices tumble to keep the remainder in reasonable business

Tell AJ Bell OMI is listed in London on the aim market and to buy there

Thank you Mike

It looks to me that Tharisa hasn’t posted the weekly PGM and chrome prices for over a month? Why? Just too grim or another reason? Also Mike why do you think the PGM price will recover - do you imagine supply will fall even faster than demand, as the auto industry electrifies

So farewell 2023 and glad to see it go, many nasty things including for us seeing our share fall about 13% despite gold rising about 13%. For rival FTSE 250 Hocschild, better news lifted it 50% in 2023, let’s hope Cey can finally recover the profit to pay a decent dividend and lift their shares too. I am not relying on the board but hoping the metal will save them/us which is of course not a great view! Here’s hoping …..and may 2024 be wizard in all respects to all here and our fellow planet inhabitants human and wild (or both)

Well sadly platinum back below 1000 and palladium has tumbled 2.5% so basket not great, hence miserable and fai share price if assumes trends tend to continue and our basket has been resolutely falling for a couple of years

Platinum +2.05% Palladium -2.33%. Lovely to look on the bright side but it is the whole PGM basket that counts

Mark Twain also invested in mines and conclude “a mine is a hole with a liar on top”. However gold is doing what it has done in many past years and should rise into spring though as said before Hochschild should continue to rise faster than us. Happy holidays all,

It will take a while, of course we are adding to that immediately postponing Karo

….and Hoc back in FTSE 250 today

At last the shares appear to take note…Karo is also near 10% gold and 45% platinum and palladium so slightly less ice exposed so the rh collapse matter slightly less with only 4% rh, and maybe platinum and palladium will recover

So 2c dividend as expected or for us just over a penny ha’penny. PGM expected production next year down near 20% on 2022 but chromium up 10% which is the right way round! The yield at these share prices is over 6% which ain’t bad unless you paid double for the shares ie 120p in which case you are getting 3% and considerably less than before. I agree with Phoevos that the PGM supply will be reduced as these reduced prices as becomes uneconomic for some mines, I am not so optimistic about the demand side and that new uses will make up for the dramatic fall in demand for catalytic converters in the next decade. We shall see. Lucky we are now mainly a chromium mine, unlucky that we are investing to become mainly PGM again.

Mr Tibbles you are very kind man whatever some here might think of your politics. All best

Ah finally got a date for the finals, this Thursday