Member Info for theofficecat

https://invezz.com/news/2022/07/01/palladium-price-outlook-as-russia-looks-to-limit-production/

Suggest anyone looks at posting history of the likes of Le Cont etc always a giveaway as they usually troll other shares as well

@lovelyboy, not a lot I could disagree with on your post accept I am slightly more optimistic on timelines. Reasoning being that somebody thought it worth the time, effort and not small expense to successfully complete DD before Nyud licence issued. Now obviously that was very likely to be on MT, and perhaps the reason there is no offer put to share holders is they want the lot and waiting (like us all) on Nyud licence transfer, JORCS etc, maybe even DFS for MT.

Personally I think buyers are now slow playing a bit keeping an eye on developments in Russia. You got to be sure before persuading your own share holders/banks/backer to cough up Billions? Lets say for example Froneman desperately wants the Nickel. I am sure that he has enough contacts to approach the Russians to find out "informally" how any bid would be received? The Chinese of course know how it would go! NN and other Russian firms being on the ground absolutely know what we hold and the future value. The desire to grab us before someone else do must be very difficult as well. Case of who blinks first? Very high stakes Poker indeed................

goingunderground and I am laughing at your fantasy dealing, are you the wolf in disguise, loool oh and 5p did appear doh!

Ljm1976, If they don't already they soon will don't worry you little head about it

Now
£1= USD 1.21 £1 = Roubles 62.28

This will impact p77 financial report - foreign currency risk

The following significant exchange rates have been applied during the year:
GBP Average rate Reporting date spot rate
2021 2020 2021 2020
USD 1.376 1.284 1.348 1.365
RUB 101.37 92.79 101.18 102.04

lovelybou, good post as always, referring to the below. We do need to know when is that Nyud licence transfer happening as I think it is the key to other things. I think also it would be a SP changer!

By 31 December 2021 the Company had invested RUB37,180,000 (£367,464 at a prevailing exchange rate at the
reporting date) out of total RUB169,000,000 in respect of the Nyud license and project. Discussions with Rosgeo
regarding the project’s development are ongoing concurrent with CPR compilation including JORC compliant mineral
resource estimation and NPV computation by Wardell Armstrong International, Engineering and Mining consultancy
firm. The Nyud project is being used by the Company as the template for the remaining assets, which will only be
evaluated after the successful conclusion of the Nyud project

disagree, we have already seen sale but anyway we are selling to a BRICS company. The likelihood of it being NN gets stronger and stronger imo. Them or a Chinese Bank/Consortium of which Sino would very possibly be a part. Sino very interesting as they wanted in a long way back, sure they want more now. Plus Putin wants it to be seen business can still be done with Russia. Dmitry Russian, strongly suspect Queeld still firmly under Russian Control, Veles still probably still about and other Russian Investors. So not as if all money flowing out of country anyway. Selling Russian Subs to Russian or Chinese Companies, what's the problem?

stupid squid, no more! only 3 filtered after kira and montyrowka, ridiculous that someone known as a complete ****** across many boards is allowed to post at all

E1EO1, sure you know an impossible question but......lovelyboy posted a couple of times of what up to 80% of dividend returned to share holders could mean, and I agree. Look back over his posts.

Of course the biggest things is what is sold. I suspect Nickel and Kola may be lobbed into one sale now. Will Eua 2 hydrogen arm go forward now especially given Sakahlin is anybody's guess? Mine is no, not now.

Regardless of what we all hope the Geopolitical risks are going to bring in a decent discount to a buyer. Plus I am sure no matter the BOD say about patience etc buyers know they are getting desperate for a sale imo. 40-50p gives a pretty good mark up from here one I suspect a very large proportion of share holders would take in an instant. I would!

aspenwood agree, but not due until September

yes imo, this was included in last AGM, not this time

That, in accordance with section 551 of the Companies Act 2006, the Directors be generally and unconditionally authorised to allot shares in the Company or grant rights to subscribe for or to convert any security into shares in the Company ("Rights") up to an aggregate nominal amount of £500,000 provided that this authority shall, unless renewed, varied or revoked by the Company, expire at the earlier of 18 months and the end of the next Annual General Meeting of the Company to be held after the date on which this resolution is passed, save that the Company may, before expiry, make an offer or agreement which would or might require shares to be allotted, or Rights to be granted and the Directors may allot shares or grant Rights in pursuance of such offer or agreement notwithstanding that the authority conferred by this resolution has expired. This authority is in substitution for all previous authorities conferred on the Directors in accordance with section 551 of the 2006 Act.

The Group's risk on cash at bank is mitigated by holding of the majority of funds at "A" rated bank.

No significant amounts are held at banks rated less than "B". Cash is held either on current account or on short-term deposit at floating rate. Interest is determined by the relevant prevailing base rate. The fair value of cash and cash equivalents at 31 December 2021 are not materially different from its carrying value.

silly squid, no palladium at WK and costs coming down despite increased output and when dragline operational a lot lower compared to fuel. Somebody needs to step on you and squash the silly squid

WK income only up to end of 2021? big increase in mining and therefore income which of course will continue as costs drop, especially when dragline in. Self sufficient and just generating profit. Tipil and Flanks resource increase to income therefore LOM. Nice little earner our WK

I am of the very strong opinion that a firm offer will be put to the share holders before year end, war or not. Maybe within 3 months. I happen to think Putin wants his "objectives" achieved before Winter sets in. At the start of all this thought outcome was going to be Russia entrenched in East and not for shifting. I still think that. Zelensky will be pressured into peace negotiations no matter what is said in public. Sad as that is. The finances for the Europe to keep pumping Billions in heading into recession with spiralling prices doesn't add up. In the end money talks and Putin may well be right he can out wait the West unfortunately.

It may not be the £1 + that many dreamt of but it will be substantially more than the current SP. To me even year end wait is nothing after few years. I think the active interested parties know they will never get a better price than now. Once peace comes the price will shoot up. Wouldn't you want to buy now? That is why I have been buying and likely will buy more. Risk v rewards at this SP price bit of no brainer really

goingunderground you also posted the same day under re-entry points "10.7 and 7.6" obviously your last 2 re entry points, so like most you are well underwater now as well.

Still laughing?

Hoopoe, this might help, the key words being "member firms". So different legal entity to what they were and operating independently imo

"The Russia and Belarus firms have formally left the network and ceased to be KPMG member firms on 8 June 2022. This means KPMG no longer has a firm in Russia or Belarus."

lovelyboy I keep an eye on the likes of morningstar as well. The unfortunate fact is those figures of funds and II's holding is now rather pathetic. It has been all selling and virtually no buying. Makes a nonsense of those saying II's are snapping up bargain prices. It is simply traders and PI's churning out volume now 20 odd million a day is nothing really. 750,000 in 2 buys myself not so long ago. I may even buy more IF it drops more as I still believe in the outcome, eventually. I am lucky low average compared to many but boy it hurts to see those profits disappear. Hindsight and all......GLA make your own decisions, it is your money.

I voted for all the resolutions as see little point voting against, what good would that do the BOD already know PI's are peed off. The interesting thing will be to see the voting figures. The figures for the last special resolution showed that very likely Queeld voted against. Probably the BOD knew this was likely hence the rallying call to PI's was so strong. It only scrapped through, a few % the other way and it would not have. needed 75% to pass, it got 81%. 65% of votes were cast. Very high and a considerable increase on previous. This was undoubtedly due to the BOD issuing the rallying cry to PI's. Will/would it work again given the feelings by many?

This time of course resolutions just need a simple majority to pass but...........if PI's are apathetic this time, or cast a protest vote against AND the likes of Queeld/II's/Funds vote (they will vote) against they could actually fail to pass. What happens then doesn't bear thinking about. So if you want the resolutions to be sure to pass best vote!

Layla1 tbf Sakhalin-2 not exactly good news even if Shell were already pulling out. Looks like they may have had a deal for their potential stake (China or India?). Possible Putin will let them sell to an ally without a problem as it will be a fire sale anyway or could just take it off them.

I am still positive, still holding, I thought the Results/Report was all good, expected, no problems but now we all need something a bit more upbeat. I made my points again to them today and as usual will be put to the BOD for consideration. I strongly pointed out I understood "their" position on SP, as they stated in RNS. But that share holders do need a bit more from them in the way of positive leadership rather than keep head down leadership (even if that might be best in circumstances). I don't think SP will have any negative impact on "assets sale" but it definitely would IF full company sale. Whatever happens surely worth much more than where we are now although fear it might get bit worse than better. They seem determined to drag us to the depths of hell! GLA no point posting more until news.