Member Info for TigerByTheTail

Iridium - one of the "bi-products" that SLP produce - hit a new all-time high of $5,000 / oz this morning (JMAT).
Not buying iridium rounds last year at $1,500 / oz is going to turn out to be an expensive mistake for me, but I just couldn't stomach the 50% buy-sell spread! Based on its unique catalytic properties, particularly in the production of green hydrogen, I predict a $10,000 / oz iridium price in a couple of years.
Rhodium also hit a new all-time high this morning at $29,200 / oz (JMAT).
It's worth keeping an eye on the Tharisa twitter feed. Here THS show the relative basket prices of the major PGM producers - with Tharisa (since they produce a high percentage of rhodium) the highest of them. I suppose they justify leaving out SLP as they are technically a recycler and produce less than 100K ounces per year, but SLP's basket price would be just a little higher than even Tharisa's.
https://twitter.com/tharisa_sa/status/1367353648230055943

Iridium hit a new all-time high of $5,000 / oz this morning (JMAT).
Not buying iridium rounds last year at $1,500 / oz is going to turn out to be an expensive mistake for me, but I just couldn't stomach the 50% buy-sell spread! Based on its unique catalytic properties, particularly in the production of green hydrogen, I predict a $10,000 / oz iridium price in a couple of years.
THS produce about 6K ounces of iridium a year as part of their 6E PGM production (i.e. 4.3% of 160K), so iridium alone is worth around $30m per year in revenue to them.
Rhodium also hit a new all-time high this morning at $29,200 / oz (JMAT).

Rhodium up at $28,450 / oz this morning (JMAT price).
Iridium steady at $4,800 / oz, ruthenium also up at $350 / oz.
For those interested, over at Tharisa (THS) it looks like the seller may have finally cleared.

http://www.tharisa.com/pdf/investors/presentation/2021/20210301-this-is-tharisa-march-2021-bmo-global-metals-and-mining-conference.pdf

Hi Zoros!
I'd say John Cornford's analysis of Greatland was sober and correct. There is value in the company, but much less than its current mcap.
I hope he's right about Solgold. But I think we may have to wait for Nick Mather's departure to become official (and perhaps for round 2 of the Ecuador elections) first.

Well, I would be buying this morning on these very strong results.
But I can't, as AJ Bell (my broker) is down again (it has been all morning so far). Humph!

Hi Ronny!
Yes, but at some point the dam will break, and then things will move quickly.
It only takes one newspaper article touting THS (just look at the effect Simon Thompson at IC has had on SLP's share price), or for the seller to stop.

Rhodium up at $28,450 / oz this morning (JMAT price).
Iridium steady at $4,800 / oz, ruthenium also up at $350 / oz.
My guess is that our seller is Fidelity, but I've got no hard evidence to support that hunch. Any road, this share is simply mispriced.
I'm glad to see Phoevos is beating the publicity drum again (see RNS). It can only help to clear the seller.

They do say that diamond exploration follows the 80/20 rule, like so many other things in life. That is 20% of the people (i.e. those who truly know what they are doing) make 80% of the discoveries. And the BOD team do have an impressive track record of previous success, not least with African Diamonds.

Hi Si90!
The quick answer? Because AIM is like an impatient toddler. It loves listening to a "hope" (hype?) story, but it isn't so good at maths and waiting.
AIM is full of the most horrendous overvaluations and undervaluations. If you're into platinum group metals, explain to me the complete overvaluation of EUA, and the ridiculous undervaluations of SLP and (even more so) Tharisa (THS)? (You could buy both these highly profitable producers for the market cap of this Russian explorer with only a tiny officially announced resource).

It takes a while to find the link, but Vast have set up a diamond exploration subsidiary in Botswana. I have no earthly idea why. Separately, Botswana Diamonds (BOD), Vast's one-time JV partner in Zimbabwe, have applied for diamond exploration licences in Zimbabwe without Vast (see BOD board for link to magazine article). Botswana Diamonds already have a very strong portfolio of diamond exploration licences in Botswana (entirely separate of Vast), as well as their Thorny River discovery in South Africa (drill results analysis expected imminently).
Questions...
Have Vast and BOD gone their separate ways after their recent meeting in Zimbabwe? It wouldn't surprise me - Andrew Prelea and James Campbell (CEO - Botswana Diamonds, acknowledged world expert in his field, almost painfully honourable man) are very different characters.
Will Vast hype up this Botswana venture, as a way of distracting attention from the fact their Zimbabwe diamond plans are going nowhere?
Personally, I don't see why Vast just don't save some money by pulling out of Africa altogether. The biggest mistake this company ever made was selling off the Pickstone Peerless gold mine, of course. But that's spilt milk now.

There is also an interview with James Campbell in the same publication (dated yesterday) about the partnership with Burgundy:
www.rough-polished.com/en/exclusive/120433.html

I agree about fundamentals being ignored now.
E.g. Easyjet is back to where it was trading at in 2019 on reopening excitement - despite selling off assets and piling up debts over the last year. How on earth is it a stronger company now than it was then? Especially when we don't know yet how Covid will affect long term travel patterns (for instance, how many business trips will now be replaced by Zoom meetings?)
And Fresnillo, which has traded profitably through the crisis, and which has paid down a lot of its debts, is marked down!
After the dot com bubble burst, a tech entrepreneur famously asked their disappointed investors (who had bought at his stock's quite ludicrous highs), "What were you people thinking?" My guess is that we'll be hearing that line again sometime in 2022.

Still going up...
$27,900 / oz this morning (JMAT price).
Apparently, global platinum supply fell about 9% last year, driven by a decline in SA production. This would imply (since the vast majority of the world's rhodium also comes from there same SA mines), that rhodium production must have declined significantly as well. So, IMO, we're not looking at speculative money flows driving up the price of rhodium, but at an acute deficit of a metal that car manufacturers simply must buy. Here's the report:
www.kitco.com/news/2021-03-01/Global-platinum-production-fell-9-in-2020.html

Still going up...
$27,900 / oz this morning (JMAT price).
Apparently, global platinum supply fell about 9% last year, driven by a decline in SA production. This would imply (since the vast majority of the world's rhodium also comes from there same SA mines), that rhodium production must have declined significantly as well. So, IMO, we're not looking at speculative money flows driving up the price of rhodium, but at an acute deficit of a metal that car manufacturers simply must buy. Here's the report:
www.kitco.com/news/2021-03-01/Global-platinum-production-fell-9-in-2020.html

According to THS's own Twitter feed, PGM basket price is $3,902 / oz today. Against a PGM AISC of around $1,000 / oz.
That's one heck of a margin.
And the chrome operations will be making money at current prices as well.

Dead cat bounce. To be expected after such a sharp drop.

Look, Shareminator, you obviously don't "get business". A good CEO can't save a hopeless cause, but he can make the best out of a moderate opportunity. But a bad CEO will almost certainly blow even a golden chance. So, yes, I pay a lot of attention to a company's leadership.
(IMO) RSG had a spivvy salesman as their CEO. Hence, a lot of their problems. Fortunately, he's now gone, and Stuart Gale seems far more trustworthy. Certainly, the standard of the company's official reporting has improved.
As for Hummingbird, Dan Betts is still in charge. And, as long as he is, it's no more than a punt stock for me. IMO, he doesn't know what he's doing.
Oh, and "stocks lie, but in bonds there is truth". So we all need to pay attention to the world's bond markets (YCC and all), especially when thinking of a financial asset like gold.
Now can you stop your imbecilic harassment? Frankly, I don't give a monkeys, and you're just making yourself look as dumb as that BushyTailed Squirrel over on the HUM board.
p.s. I've had a good deal of media training, and I've given some hundreds of press and TV interviews. If my sincere opinion is that you are stupid, that is derogatory but not defamatory. There is a difference.

Addicknt is, of course, quite right - especially the last line of his post.
And Quady is merely displaying his remarkable ignorance again.

As said, investing is like riding on a public bus. You don't get to choose your fellow passengers. And you do get all sorts - including a fair number of people you'd cross the road to avoid..