Member Info for TigerByTheTail

Best of luck, Lucky. Come back soon.
I'll check out GRR over there weekend.

www.kitco.com/news/2021-05-27/Johnson-Matthey-to-put-cash-from-established-businesses-into-hydrogen-battery-materials.html

Hi Sotolo!
Give it some time. It took a while for the share price to rise after the FY2020 results - the big rise only really began a couple of weeks afterwards.
But, yes, this is getting a bit frustrating now...

Hi Noob!
If things ever got so bad between China and the West (and they may - e.g. over Taiwan) that the world effectively split into two trading blocs (again, as in Cold War days), then the fact that Rambler was located in safely pro-Western Canada would be a absolutely huge plus.
Yes, China consumes a lot of copper; but there is still plenty of Western demand for it as well.

If NN wanted MT's licence, then yes, they would get it via a court process in Russia. You don't understand anything at all about Russia if you don't understand that. To give you an idea, Potanin (Interros) is one of the oligarchs who have the power to order criminal prosecutions of private individuals / other companies via the dreaded Federal Investigative Committee. (Only a very few elite oligarchs have this power). You don't get in his way; not for no reason. He could crush EUA like a tiny bug if he wanted to.
When will you lot wake up? You are risking your savings in one of the most corrupt and highest risk jurisdctions in the world, on a tiny mining explorer with questionable resources and an ever more questionable relationship with the truth. It's complete madness.

Hi Bangrak!
I'm betting the Berenberg analyst spent all of five minutes on adjusting that rating. It's clearly clueless.
(In other news, rhodium has bounced back to $24,750 / oz this morning (JMAT price). The Kitco rhodium price has readjusted to be back in line with all the others - but just when we need to to be reliable most (ie. in a time of volatility), it will go haywire again. It's worse than useless.)

Hi Paul!
It's the collective holdings of PIs who use HL as their broker.
It's not HL as a "financial institution".

One lesson we should all learn as mining investors is that the single biggest risk of a mining company share price collapse is "jurisdiction risk".
That includes full nationalisation, or the seizure of mines on flimsy legal pretexts by the national government (e.g. Acacia in Tanzania), or the raising of taxes to nosebleed levels, or simply the country collapsing into civil war / chaos.
Rambler is located in a completely safe and mining friendly jurisdiction. It's worry free for investors large and small. Never underestimate the importance of that.

There is a big short squeeze on at FRES right now.
It could get quite interesting over there in the next few days.

Palladium has spiked this afternoon on this headline:
www.bloomberg.com/news/articles/2021-05-27/nornickel-says-arctic-mine-flooding-to-cause-palladium-shortage
IMO, there will be more tales of woe to come from Nornickel's arctic mines in due course. Especially if this summer is anywhere near as warm as last summer, which shattered all meteorological records there. (People grew strawberries in Norilsk!)

Hi Know0!
I can't trade right now. My broker (AJ Bell) has my shareholding here in some kind of limbo.
This doesn't bother me one bit, but if others have the same situation it might explain the lack of volume...

Hi TT!
Yeah, I know a bit about NorNickel! It's a long story, but it was once - sort of - the family business.
As regards Nornickel's prill split, you can find it in the latest Heraeus report, in the article on the UG2 reef. Here's the link:
www.heraeus.com/media/media/hpm/doc_hpm/precious_metal_update/The_Platinum_Standard_2021.pdf
NN don't produce so much rhodium compared to South Africa, but any new close downs of their mines (due to flooding) will have an effect on the rhodium market, simply because it is so finely balanced. That would also have a profound effect on the palladium market, of course. Frankly, I expect this to happen sooner or later as I know that the problems with mining in the (melting) permafrost in the Siberian Arctic are getting worse year on year. Also, the long-term underinvestment (aka asset-stripping by its major shareholders) in the company has finally reached crisis proportions - as shown by both the recent massive oil tank leak (root cause: permafrost subsidence) and the collapse of part of the concentrator plant.
As for the effect of the chip shortage, I know it's a factor in limiting auto production, but I'm not sure by how much. Both the Heraeus report and the recent Johnson Matthey report have a go at working out the balance of supply and demand in the rhodium market this year - both estimate that it remains in a smallish deficit.

Results call was excellent - Phoevos comes across as a top notch CEO, in control of every aspect of the business.
A few things that stuck in my mind:
1. Confirmation that operating costs of Vulcan fine chrome plant will be around $10/t of chrome concentrate - i.e. very low. This should improve the margin and profits of the chrome operations substantially next financial year.
2. Salene Chrome plant construction already underway, to produce relatively small quantities of 48% high grade chrome concentrate. Phoevos actually referred to it as a way to "test" the regulatory environment in Zimbabwe, which I liked.
3. First assessment of Karo in Zimbabwe should be completed and published by end September.

Hi Mr. Tibbles!
Glad to see you looking in here.
This one is worth researching again in considerable detail. You'll find the numbers (both current and forwards projected) are very strong. And it will take the world longer than may think to move to full battery electric vehicles; there are many serious constraints that need to be overcome first.

Conference call - internet.
https://mm.closir.com/slides?id=553426
For phone numbers see last but one RNS.

Mac!
Your ignorance of geology (and of the "maguchi i velikchy" Russian language) is so total is actually funny.
Half the stuff you quote on here actually shows the exact opposite of what you think it does. This 104.6K oz you go on about is almost entirely speculative early stage geological work. It will require tens or even hundreds of millions of dollars to prove up and then to assess its economic viability to mine. EUA paid only $500K for an option to assess this data because that's how much it is worth in the real world.
And a 104K palladium dominant resource is not even that much in world terms! There are plenty of bigger undeveloped PGM resources out there. (None of which are valued at even a tenth of the crazy valuation which AIM has put on this company).
In short, what you call your "facts" is nothing other than misinformation. I hope nobody believes your posts - it could well prove an expensive mistake for them.

Crusty!
And you fail to understand the equity raise.
Any money you like, the so-called "investor" has already flipped those shares into the market for a small profit (say 5%). The warrants are/were a sweetener to the deal - maybe the "investor" can make some extra money out of them, maybe not.
That's just how these things work.

I juts noticed that the headline for the interim presentation is "A Half That Beats The Years".
Very elegant. Very succinct.
Especially as the half we're now in for two months should be even better than the last one!

Hi Sotolo!
The capex for Doropo would be "only" $275m - not $550m. It's a long road, but that could turn out to be a decent-ish mine, though the economics aren't all that compelling.
Batie West has been rejected by Centamin. It's up for sale, but I doubt it will ever find a buyer, given the problems of operating in Burkina Faso. The money invested in it (both in buying Ampella and in all the drilling) is likely a dead loss.
Honestly, all members of Centamin's board who have been there for more than a couple of years should resign. Put West Africa together with the high-grading of Sukhari, and the subsequent production problems there, and all you can say is that those directors have either been negligent, incompetent, or worse.
Let's hope Martin Horgan can make a fresh start with Centamin and change the company for the better. The geological endowment of Sukhari is still one of the best in the world.

For those interested, Tharisa's (THS's) interim results are out this morning.
As you can imagine, given SLP's excellent numbers of late, they are also very impressive.
Meanwhile, rhodium seems to have stabilised at around $22,750/oz (both Metals Daily and JMAT are quoting that price). Ignore the Kitco price - I've no idea what's going on with them. This still means both THS and SLP are incredibly profitable at the current PGM basket price, just a tiny bit less so than the last few weeks. Let's say we're down from "super bonanza" to merely "major windfall".