Member Info for the_shareminator

Very little known at this point except that KEFI are cash-strapped and will come to the market to sustain ongoing group costs. In addition to that there is going to be heavy dilution although via what means is not yet known. The market has no appetite for Harry or this kind of deal. If there are additional amounts to be repaid it will only add to the uncertainty but this can still get a lot cheaper. Low 2s by Christmas at this rate

ragnar - like yourself I'm keeping a close eye on demand in the background. Part of my strategy are small limit orders. When demand rises and the sellers dry up as happened yesterday the squeeze pushes the price up and initially by quite some margin! 13.81 was offered to my broker despite the sell order position of 13.75 and likewise another small order filled for a different trader. Sellers then took advantage at 13.75 but we didn't see the other end of the order, I believe there is a big one at 14p. Possibly a couple of sizeable orders as we sped past 13.5 without so much as a hiccup. longtomsilver - It's a good price, profit is profit but I wouldn't be selling in any significant volume as the share price rises. This has shown no signs of slowing down and despite Pt weakness we are still benefiting from Rh and Pd strength, rising production, Project Echo benefits to gradually take effect.

Yes it's too early but if you've ridden this wave up from low 10s it's no big deal selling 5k worth at this level. The share price jumped rather quickly from 13.3 to 13.8 so I don't mind letting them go

It was one of my sell orders so looks like a new weekly high being established, almost 10 months ago since we were at this level :D

I believe the MMs just took bids at 13.81 - I may be wrong but that 5k could have been one of my limit sells in which case it looks like they are filling demand at 14p we will know soon enough

Have posts disappeared?

@MP - I note in one of your recent posts you gave examples as to how KRS could return value to shareholders. In my post I didn't mean to infer a 50% sale of the total stock we will hold. In fact I don't believe any large disposals would be to our benefit as we gain from both a high CAI share price (which would suffer if a large holder like KRS engaged brokers to fill enormous sell orders. This asset will continue to increase in value and as you've stated previously will look increasingly more attractive to major gold producers in the region. The fact that KRS's holding in CAI is currently undervalued compared to what it will be worth post the 500koz confirmed resource and new stock issue only adds to the future value potential here and CAI will likely rise higher on the resource statement update. I was involved in SMA a few years back and estimated their initial resource to within a whisker, their grades were much lower across the board, the intercepts were not as impressive and indeed the scale of the project was smaller if my memory serves. We will exceed 500koz, there is no question about that and seeing the most recent results which are not going to be included in the resource statement it begs the question just how large will the resource be in 6 months time. Last point compare the lack of speculation here with the outrageous bubble forming at GGP with absolutely nothing to show for it except the rantings of their CEO and involvement of a major. There just isn't the exposure here yet, only a couple dozen private investors commenting on this board in the past month or so. That could change very quickly once 600koz or more is confirmed to high grade. Expecting 1 million ounces is just scratching the surface. Good luck to us all of us invested early enough with the right idea

I would prefer the shares go to KRS, they could sell x amount and fund a special dividend whilst retaining a significant stake in CAI and boosting their cash reserves some

it means a 25m drill intercept at 3.41 grams per tonne at 88 meters along the drill (this is not the depth). The actual depth will be shallower depending on what incline the drill was positioned, normally to an industry specific standard. It's very near to surface though, 50-60 meters I would guess

Looks painful with sells going through as low as 2.69 today. Might the next placing come at a discount still? Why not 2.5p or 2p?

Delays and uncertainty, meanwhile the company will require financing to keep the licenses, pay the wages, continue exploring elsewhere. That's on top of the financing they will come asking for likely to decimate shareholder value. It's a huge risk to be holding through this period, never mind when delays are added on top and these are most likely conservative. Not sure why people hold onto such risky plays when the wise course is to use your money whilst waiting for the project to be derisked.

2P Placing

Gone through at 2, update next week?

Both KRS and LND are due a resource upgrade this quarter. I can't think of two more exciting plays with a 100% certain positive result :)

Jeffry it is "one of the lowest cost PGM producers" not THE lowest cost, that is the truth. Likewise SLP is one of the lowest cost PGM producers too JLP are currently produce almost1500 ounces per month with it projected to rise. SLP are producing alnost 6000 ounces per month with it projected to rise thanks to the Phoenix acquisition Unit costs reported are not necessarily a good comparison as what are JLPs other associated costs? We have not seen the actual profit after all costs, being small scale and ramping up these are likely to be higher than SLPs current AISC (minus project Echo expansion). On that note, Project Echo will allow the company to maintain current production levels and lower cash costs by about a third as was originally stated. This might now be around a quarter given the acquisition of Phoenix will bring higher costs. However SLP are confident they can reduce the cash costs of Phoenix considerably and boost PGM production. JLP have added risks in the form of additional financing requirements for it's array of other projects, BMR included. While these are classed as assets and hold tremendous potential value, the key word is potential. Nothing is certain in this game and right now these additional projects are burning cash. SLP are currently saving around $3 million each quarter I believe and will receive tax credits for the spends on Project Echo. If this stock jumped to 18-20p tomorrow I would consider JLP at it's current market valuation but this stock is by far, without a doubt the better value based on simple cash generation projections. There is no question.

Yes this is a game-changing event, the share price has just been slow to react. The Edison note I have yet to read but presumably was written before the crisis unfolded. Institutional investors are more likely to load up with the political situation changing for the better. What will drive this to �6 is the shortage of available shares. The stock has raced higher on relatively small volumes, you cannot set limit orders and quite often there is no available quote to buy when the interest grow. So it will take holders to dispose of stock but how many are considering selling on this news!? Only the foolish or desperate. This has a long way to go in the next couple of weeks :) Apologies for the waffle, nothing technical to add at this stage. I am in for the scheduled increases to production and with it a rising quarterly dividend.

Superb finish! Roll on 13s tomorrow. Platinum and palladium bounced well today, rhodium is up to $1515 All I waaant for Christmas issss yoooouuu at 15p!

Looks a decent range to buy in on I think but there may be something around the corner driving this lower, I don't know. Having some skin in the game isn't a bad thing though. If it goes lower could add more to the position. At 12.75 now and finding it difficult not to buy..

Nicely up again today. A new era beckons and with it investor demand will rise. �6 coming soon

strange she's drifted lower the past couple of days