Member Info for TigerByTheTail

Hi Moneyhawk!
Yes, I reckon the market hasn't picked up on the way that Leon has so cleverly constructed the Platcro business bit by bit. IMO, it will be a highly profitable chrome and PGM processing hub for many years to come.
The fine chrome IP is also going to be worth a lot of money. Apart from anything else, it will have a pretty substantial impact on the economics of chrome mining.

IMO, the best news in the RNS is about the Dilakong Fine Chrome processing, which clearly is working well now. Remember, this is material which has already been processed once, and which has previously been regarded as worthless. Yet Jubilee are now extracting a lot of saleable product from it.
I'll try and work out some figures tonight about how much revenue this could bring in if the same process is installed at the bigger Platcro plant. It will be a lot.
Ultimately, this IP could revolutionize the entire chrome processing industry.

I agree. Entirely satisfactory update. Being an intra-day RNS it has probably caught the market on the hop.
Very good news about Eland and about DCM fine chrome ramp up.
I've just added as per my "investment plan" here (which is, to essentially add shares on each achieved milestone).

Surely, the thing to do with Tjate is to sell it?
It's a legacy asset. Jubilee aren't a mining company any more, but a metals-from-tailings processor. IMO, this is a far superior business model: no mining risk, high tech, IP driven, low capex, fast payback, high margins etc.
Though Tjate is a genuinely valuable asset, Jubillee don't have the capital or the technical expertise to develop it. Maybe Northam (or another platinum miner) would take Tjate off Jubilee in return for their tailings?
Separately, gold has gone racing past $1,335 this morning, replacing palladium (!) as the most expensive precious metal. Platinum is recovering nicely from its recent drop.

Hi Hazrat!
I don't think many of the pumpers on this board actually care that Rainbow is a hopelessly loss-making enterprise. The narrow veins are a geological curiosity, but not economic to mine.
No, this is all about the pumpers finding a "greater fool" to buy their shares for more than they paid for them themselves.
If I were Martin Eales right now, I'd try and get a placing away on all the hype, and then use that money on exploration drilling. It would be a risky play, but they could hit paydirt, and (IMO) it's the best hope of long term survival that Rainbow has.

I make the ABX (Barrick) offer now worth about 158.5p per ACA share at today's exchange rate and prices. So, yes, the ACA "premium" to ABX's offer has decreased.
I also note the regular dip in ACA's SP on opening. I'm reading this as a daily attempt to suppress the ACA share price.
To me, it looks like Barrick's current informal offer has failed to win enough support from minority shareholders. Fidelity going public in the way they did feels pretty decisive. So what now?

FSJ!
I would say the 1p options and the Bunker Hill debacle (and the AAG mini debacle before that) are precisely why the market has zero trust in HUM management, and the share price is where it is.
The shooting, the pit wall cracks, the bridge being washed away and so on, are mere details in the bigger picture.
A takeover now is in all shareholders' interests (and it has been for a year or more). But it is NOT in the interests of HUM's incompetent and greedy board, who are being paid obscene salaries and being rewarded by effectively free share options equal to up to 5% of the company per year. That is why it will NOT happen.
And so IMO the share price will stay down here whilst other gold miners rise up on the rising gold price.

Anybody remember how Gascoyne Resources was being ramped on here a year ago?
Look, it's in liquidation now...
https://www.kitco.com/news/2019-06-03/Mine-Goes-Under-After-Mineral-Resource-Model-Hits-Reality.html

Hi DropInMonkey!
IMO, it all starts from the top. Good management can make a moderate success even of a bad resource, and bad management can destroy even the most hopeful prospect.
If HUM CEO Dan Betts were to resign and to be replaced with a competent professional, then I'd agree with you that HUM was worth the risk at this share price. But with Dan Betts still in charge? No, I don't think so. Firstly, he (and the rest of the BOD) will never agree to a buyout, even if it is in shareholders' interests. They are never going to work in mining again after this shitshow. Secondly, what guarantee do you have that Dan Betts doesn't fall for another scam like Bunker Hill; only this time he doesn't waste $2m on it, but enough to sink the company?
When the CEO is an idiot, (and an overpaid one to boot), it's best to steer clear.

That is some intervention from Fidelity, considering how major financial institutions normally seek to operate with maximum discretion.
It seems to me that Barrick need an "intervention" of their own in the boardroom before Mark Bristow destroys their business reputation.

Is this how the court case ends? Not with the bang of an Egyptian judge's gavel, but with the shuffling of some papers and a parliamentary rubber-stamp?
If and when the new mining regulations are passed into law, what is to stop EMRA, using its new powers, simply reissuing the 160km2 licence to Centamin, thus bypassing the courts and making the court case redundant?
(FWIW, I don't think these Egyptian legal developments are behind today's rise, because nothing is finally decided yet in Cairo, but hopefully good news should be coming from this quarter soon. IMO, today's rise is simply Centamin bouncing back after a big seller took the share price down from about 91p to 84p PLUS the effect of the rise in the gold price of the last few days. I'd love to speculate about the forward production outlook having leaked, or about a takeover in the works, but I think that is making things too complicated.)

Hi Shareminator!
I suggest you read the RNSs more carefully - you could find out that the payments for Eersteling are phased over time, for instance.
Your analysis is way off - literally miles out.

Hi Isas!
Be careful with term sheets. They don't actually mean any more than: "We'll maybe lend to you on these terms if our credit committee approves the loan after we've done our due diligence on you. Are you interested in proceeding with your application further?" They are NOT a commitment to lend money, and it's not some big achievement to receive them.

Hi VV!
Thanks for sharing your e-mail to Mark Bristow. I agree with you, though I would have struggled to be so polite about it!

Hi Fool!
You need to be far more careful with your language.
E.g. "Finance for BP is certain around June or July". This is complete bullshit. It is not certain in itself, and the timing is not certain either. Judging by the company's previous track record on finance, it is in fact unlikely to ever happen.

Hi TheGreenFool!
Re: Metals Tailings Reprocessing...
1. Old mines were often very inefficient - e.g. about 20% of copper ever mined in the past was not extracted and sold, but left behind in tailings. There are big opportunities in copper, platinum, zinc, nickel and so on (gold, not so much).
2. Potential supply of this (previously considered worthless) material is huge.
3. Modern high tech methods mean that the remaining metal can now be extracted efficiently from these tailings.
4. Business model = no mining costs or risk, low capex, fast payback, low production costs. In many cases, a tailings re-processer is the absolute lowest cost producer of a particular metal.
Trust me, this isn't selling Brooklyn Bridge. For a "mature" example, take a look at profitable and dividend paying Sylvania Platinum (SLP).
On another note, yes, it's true that most junior miners (producers as well as developers and explorers) are having a really hard time at the moment. That doesn't quite explain away Hummingbird's current woes all by itself, but it sure doesn't help.

Hi Sandy!
That idea is so ridiculous it made me laugh out loud.
Vast - institutional investors?!? Vast are many miles away from being of any interest to institutional investors. Either you know nothing about finance, or you're trying to rope in the gullible here. Which is it?

I just sold a few shares from my dealing account and bought a bigger number into my ISA (for CGT management reasons) and scored a contango - I bought at a cheaper price than I sold at!
What's that about?!?

Well, they placed - now 8.7bn shares in issue.
And so Vast will survive a few more weeks. Look out for some crazy ramping from the SVS clients (Castaway etc.) as they look to get rid of their placing shares at any kind of a profit.
Vast clearly don't have the Swiss Bank loan, and SRK's work is connected to it in some way (despite Andrew Hall's words). IMO, this means it is several months (and placings) away.
The share price will drop below 0.1p shortly (nominal face value of Vast shares), so the next move for Vast's board must be some kind of share consolidation, so that they can continue to place equity.
I still have a couple of awkward questions here:
1. Who is behind South African Trade Finance, the British Virgin Islands company who bought Vast's 25% share of Pickstone Peerless (a truly valuable asset) for a song? Are they connected to Vast's management / former management in any way?
2. Where has all the money raised over the last 9 months gone? Will there ever be a proper accounting?

Hi Rebess!
I'm going from memory, but I believe the 3 year forecast is due in H2 of this year.
As always, I'm far more optimistic (naive? trusting?) than you or many other posters on this board. I think CEY have deliberately set their guidance low this year, to leave themselves a margin for error, and that they will easily achieve it.
I also believe that the current dismal share price does not factor in any of the possible upside from the announcement of a new mine in Cote d'Ivoire, the sale of the Burkino Faso assets, the announcement of a solar plant at Sukhari (permanently lowering AISC), and / or a new mining law in Egypt, resulting in the resolution of the current court case and the opening of new ares of the Arabian Nubian Shield for prospecting.
This is "buy" territory for me!