The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
As the value of my holding keeps on rising and I’m sure many others are too. Got fed up with people repeating that negative thread. 30%+ rise in the sp a week or so not quick enough? Also, I see that over £1,000,000 in buys came after the close so consolidation above 40p by those happy to invest is creating a solid platform for the next push up.
GLA(patient)H - and the rest just sell up and move on to somewhere you think will get you megabucks in ten minutes, and stop cluttering up the board.
TC
Hmmm. I like the idea of being in a cult - can I be a Druid, please? It could have been looking at that sheep’s entrails that led me to accumulate when sp was bobbing about at .35 - .55 of a penny. Then again, it was more likely the blindingly obvious value that I could see back then and which is now being realised in the wider market. Great that our cult is attracting the envious bile of those unwilling to invest or too lazy or just plain thick. Long may their bleating continue.
GLAH
TC
Don’t waste your time with jr wotsit - just stick in a green bin with the rest of the garbage. Is heartening to see the deramping brigade have been given given some work, bless’em.
Good to see the sp held above 31.5 - bodes well for next week.
Hope your weekend is good.
GLAH
TC
Breakout of the pennant triangle? Will see tomorrow whether sp can hold above 29p and better still, close above 31/32p by day’s end. Given talk of MSCI, closing on end of month and NN event, the length of time the lawyers have been working on this deal, Xmas looming, and FOMO, could be the fuel for a substantial rise. Well, I certainly wouldn’t want to be out over the weekend, would you?
GLAH
TC
Already posted but worth another view: https://www.mvis-indices.com/factsheets/download/MVRSXJ.d.pdf
EUA on P2 and best performing.
GLAH
TC
Really appreciate these updates, Tilly. Even LTHs can flag a little with so much dross cluttering up the board. You, Mac and crew providing facts is essential to see through the fog. Long and strong.
GLAH
TC
And now it’s reappeared: £136K buy. Big kipper as Tills would say.
TC
Now that is weird - I am certain I just saw a £100K plus Buy trade appear timed as 5.54 or thereabouts. Now has disappeared. Must be the grog.
TC
Well, if LSE is to be believed, 5.1m shares sold today with a value of £1m and over 6m shares bought today worth £2m+. Good old MMS!
Also, if you don’t mind me talking dirty, I note that the chart is looking distinctly pennant-like and we’re reaching the ‘tip’ so to speak. Sudden surge upwards in the near future, anyone?
GLAH
TC
Adopting same approach as I did with EUA 2 years back: research, research, research then buy while cheap and stick in the bottom drawer and ignore the noise. Risk - reward looks pretty good to me.
GLAH
TC
Morning, Tilly. I guess the number of bot flies we have buzzing around the board this weekend will show how much more blood MMs want to suck from PIs next week. If only our W**ky from across the pond, think your theory could be spot on. Have a great weekend all.
GLAH
TC
Palladium back above $2,400 oz ($620 oz in 2016)
Gold above $1,900 oz ($1,200 oz in 2016)
Nickel back above $16,000 tonne ($8,500 tonne in 2016)
Copper back above $6,000 tonne ($4,000 tonne in 2016)
Sinosteel Monchetundra EPC signed in 2016.
Monchetundra Flanks licence acquired 2019
FSP running
Resources value climbing
Clock ticking.....
GLAH
TC
Palladium, copper and nickel all back to one year highs and derampers doing me a favour by scaring off the poorly researched and impatient, and offering me more chances to top up on the dips! Couldn’t ask for a better combination in the lead up to the main event!!
Exactly how much copper and nickel is there in the enlarged MT prospect? Was some 60,000+ tonnes of the stuff in the original acreage. 7x the palladium with the flanks so 7x the copper & nickel? ; P
GLAH
TC
...bodes well. If swayed by the inaccuracies, do your own research and you’ll see through their ‘arguments’ pretty quickly.
GLAH
TC
There was a time a couple of years back, when I and a few other die hards, with the sp bobbing around under 1/2p, would trot out our case for EUA for any that would be willing to read our fact-based views. I recall many tussles with TDT, the resident deramper, and a very capable adversary. Sinosteel, price of and demand for Pd, definition of ozs (yes, really), development of WK, potential of Sem, WK, and MT were all argued over, and estimates of value suggested. Then, I considered 8p minimum on 2m ozs and more like 18-24p. How naive that all seems now! Since those difficult days, when we were shouting in the wilderness, EUA has provided numerous detailed updates and gained significant value through additional licences and much more research has been made available by EUA and PIs. All this is now easily accessible and that is why when another ‘innocent’ question is asked by a ‘genuine holder’ who ‘tops up on the dips’ and has done his ‘research’ I dump said individual in Dusty bin. If researched, then why the question? If not, then, simple, do the research. I feel I now have the luxury of not having to do the evangelical bit (but I do respect those that continue to fight our corner). We’re so close to completion of this journey that if folk are genuinely swayed by the attempts at sowing doubt, then let’em sell up. Does that seem intolerant? Perhaps, but if folk have put hard earned cash into a share yet are swayed by these ‘genuine questions’ and not willing to conduct their own due diligence using readily available factual information, then I consider them worthy victims of the derampers. Goodness, I enjoyed that rant. And if you want a laugh, have a look at my past predictions. Thankfully, I was way out!
GLAGH
TC
NM
Ending the week on a 7,000+% gain is very uplifting... and looking forward to a 20,000+% gain in a short while.
GLAH
TC
I remember back in 2018 thinking 8p was a realistic sp and 22p would be fantastic. I’d done my research and saw Sinosteel’s contract and the WK, MT and Sem resources. Fast forward 2 yrs (and too many shares bought and sold) and I see copper and nickel have doubled in value since the 2016 Sinosteel deal was signed, Pd has quadrupled, more REEs have been found, the volumes of ore at both WK and MT have increased many fold (x7 at MT?), and now I’m thinking 88p is a safe bet and £2.20 would be fantastic. Now that’s the kind of inflation I like!
GLAH
TC
Hi, Ian. Would you please put me down for Thursday 1st October - sale of MT, plus share of profits, with WM and Semenovsky to be taken forward by EUA, and a special dividend for shareholders (55p). Now there’s a guess and a half for folk to laugh at!
GLAH
TC
I know you know but good to read nonetheless:
‘Palladium is back, moving surreptitiously from the COVID-19 lows of March, in a smooth rally with few stops that has added a whopping $1,000 to futures of the autocatalyst metal...... Hitting a low of $1,355 on New York’s COMEX amid the start of the U.S. coronavirus lockdowns in March, palladium futures began a largely smooth ascent from May. By July, the price had soared to a four-month high of $2,420. By that point, it was already up $1,065, or 79%, from the March trough. ..... A study of spot palladium, which is a fairer indicator of value in the autocatalyst metal, showed the emergence of tipping point for a breakout.
Spot Palladium’s Next Logical Target: $2,610. Spot palladium’s $2,292 peak on Tuesday led to a symmetrical triangle that if sustained could add 320 points at the height of the formation to the northside, charts showed..... The spot price of palladium scaled a record high of $2,881.33 an ounce on Feb. 23, just before the coronavirus pandemic began crippling the world economy.
Until then, explosive growth in the world automotive sector, led by China, had fueled highs almost every day in palladium, a silvery-white metal critically short in supply but also critically important as a component to catalytic converters and emissions purifiers of gasoline engines.
Since 2010, above-ground stocks of palladium have declined by 5.3 million ounces (165 tons), or about 30%, analysts said.‘
Barani Krishnan Investing.com
GLAH
TC