Afternoon15 Jul 2009 16:21
All. Back from the horse riding and being robbed by some highway storeman in the onsite shop (Im sure dick turpin wore a mask !)
Yorkesta, well, we have done alot of number crunching on SLV alone over the last few months, at a very conservative pricing you were looking around £1.44, looking forward over the next year to 2 to 3 was not shy of £3 assuming all PGM production was as it should be. SLV in its ownwrite was just coming into its own, steelport coming online in june, whilist not completly doubling PGM wasnt a kick in the knackers of it. We also worked the numbers on various pricing points, and the conservative end of the scale was the £1.44, the opposite end of the scale, and were not talking stupide increases in platinum, was not that far shy of £3 (over a 2-3year period).
Make no mistake about this, Rukki deal WILL go ahead. Whilist we let the dust settle, alot of us felt that the price was a tad bit to cheap, that somehow we had been cheated.
However, a combined Rukki/SLV et al will be very well capitalised, Rukki have also got shot of the crap that was their russian side of the business loosing oodles of cash, and with SLV coming on board, should lead to a very capablae and capitalised company. (I dont have the exact numbers as Im typing this from the holiday lodge, however if you look back over the last 3-4months, youll see the numbers) :)