Member Info for TigerByTheTail

Not really - just saying it as I see it.
And HUM isn't a bargain even at, say, 18p as things are now. This company badly needs a change at the top.
BTW, do you seriously think a post on a bulletin board can move the share price of a $100m company?!? Because I don't.

HI BushyTailed!
Thanks for your concern. As I've explained before on this board, I'm not currently a shareholder.
I keep an eye on HUM (and lots of other stocks), in the hope of finding a true bargain.
True bargains are rare things. HUM isn't one yet - but could become one with the right change in management.
FWIW, the last true bargain I found was SLP, and currently I'd suggest taking a look at fellow PGM/chrome miner Tharisa (THS).

Hi BushyTailed!
Let me introduce you to Unlucky Mine Syndrome, or UMS.
UMS happens when a mining company suffers a series of seemingly unconnected disasters one after another. Let's say a few artisan miners get shot by the army, rains wash out a bridge and cause a steep pit wall to crack, the CEO inexplicably falls for a pump and dump scam and blows $2m of company money on it, more rainy season problems, logistical problems as a result of a coup, actual grades don't match with the mineral resource estimate, the mine manager has to be fired, costs spiral out of control, and so on.
Yes, so many problems affecting one poor miner, it seems so unfair!
But the truth of UMS is that it doesn't strike by chance. Rather, that strong management would have avoided most of these problems, or at least mitigated them. And Hummingbird's management team, led by the low-powered rich kid English graduate and former stockbroker Dan Betts really isn't up to the job.
There are almost no institutional investors left now, so there's nobody powerful to put pressure on the Chairman to replace the woefully inadequate CEO. And the board is stacked with Dan Betts's family and allies, so the chances of action from them is also low. And so Hummingbird goes on, a rich kid's mismanaged plaything, not helped by a falling gold price, and sliding slowly downwards.

HI FindersKeepers!
There's no way of knowing who sold big at the close of play yesterday.
My guess (note, guess!) would be that Sustainable Capital are selling down to zero - they've already dumped a huge number of shares all the way down from 40p, so why stop now?
Some of those big players you quote are aggregated PI holdings, aren't they, rather than proper institutions? E.g. HL, II and Halifax.

I'm puzzled about the share price action as well. I've just checked what I can:
1. Chrome prices - still good and 30% up off their lows (according to AsianMetal.com)
2. Overall PGM basket price - at an all-time high? (or, if not, very near it).
3. Production - on target to meet guidance, confirmed in recent AGM RNS.
4. Chrome tax - no recent news that I can find. It may have been quietly dropped as an idea.
5. Rand - dropped slightly, which is helpful to THS.
6. South African headlines - I can't see that load shedding is worse than usual. And yesterday's budget didn't increase corporate taxes as far as I can tell.
7. USD to GBP - recent moves weigh on dollar earning companies like THS, but it's not a huge deal when set against the increase in the PGM basket price.
Any other ideas / theories / explanations welcome, because I'm flummoxed.
All I can propose is that the market seems to be unaware of this share, and the seller is holding down the price.

Rhodium now $25,450/oz (JMAT prices).
Tharisa ex-dividend this morning - pays out on 10th March. Looking forward to the next dividend that should come with the interims - if THS stick to their "no less than 15% of NPAT" dividend policy, it really should be quite a big one, even if only covers six months of profits, and not a full year.
Still, the main interest here must be capital appreciation. On fundamentals, the current valuation is frankly silly. And , much as I love SLP, how is it possible that SLP is trading at 121p this morning and THS at 130p? There is no sense in that at all. SLP at 121p should imply a THS share price of at least 180p, and probably nearer 240p.

Large sell after hours at 17.15 yesterday - 1.6m shares.
SC still selling?

The palladium price has jumped almost $100 today. This is the reason why:
www.kitco.com/news/2021-02-24/Russian-mining-behemoth-Nornickel-partially-suspends-mines-due-to-flooding.html
This has also affected the nickel market. It won't affect the platinum or rhodium markets so much, but there might be some small effect there (not that the rhodium price needs any extra help anyway).

Now back at the price of the big equity raise to build Yanfolila all those years ago (22p).
I.e. nothing at all to show for all that work!
This company desperately needs a boardroom clear-out. But will it get one?

Hi Raxfactor!
Thanks for posting.For a moment there I thought Sibanye Stillwater must have come across a vein of almost pure rhodium. But then I realised that the prill split is quoted by revenue generated, rather than ounces produced. Which does rather change things!

Spiralling costs does tend to cause negative sentiment.
Especially when the cause is only partly explained (yes, it's connected to grade issues, but it's more than that, only God knows what).
And also gold is currently in a descending channel, and the share prices of most miners are slowly deflating.
The only positives I can see coming here would be either the confirmation of the mining licence for Kouroussa or a decent Life of Mine extension for Yanfolila.

Hi Stoodio!
I agree that the Q1 2021 results here should be spectacular. Not only has the rhodium price soared since January 1st, but platinum has also improved dramatically, and iridium (one of the bi-products) has almost tripled in price.
But - to be pedantic - the results will arrive at the end of April, not March.
Rhodium new all-time high today, by the way. $24,500/oz, according to JAMT.

No, Mac, the EUA deposits are highly unlikely to contain much rhodium.
80% of the world's rhodium supply comes from South Africa, and much of the rest is from recycling old catalytic converters. In particular, the UG2 reef of the BIC is very high in rhodium content. Investors seeking exposure to the current booming rhodium price should look at Tharisa (THS) and Sylvania Platinum (SLP) - both of which produce a very high proportion of rhodium (over 10%) in their PGM output. They are also excellent, well-run, highly profitable companies. Other options include JLP and the platinum majors like Sibanye Stillwater and Northam; though the rhodium price effect will be diluted there.
There is a small amount of rhodium in the deposits that Norilsk mine. And there may or may not be some rhodium in the EUA deposits - we don't know. But it would be highly atypical if it was a significant amount.
I do hope that most readers on this board are aware that most of your other posts are full of misinformation as well.

Hi 799!
No, I can't tell you if it is one seller or several - there's no way of knowing that. In truth, there is no way to be absolutely sure that we have an institution selling at all, though I'd be amazed if I were wrong. This has been going on for some time - really since the share price peaked at about 140p. How many more shares are left to "distribute" I don't know.
As for the value here, I think that's obvious. I can't help thinking of all the institutions who sold out of SLP way too early. That flatlined at about 37p for ages whilst Majedie cleared, for instance.

Hi Gotreal!
No, it's you that hasn't got a clue. And you are deliberately misleading in your quotes as well - a $50m investment by Tharisa to produce several hundred thousand tons of chrome per year starting late this year is NOT a pilot plant.
But good luck with your investment in JLP. And do ignore the fact that Colin Bird and Leon Coetzer recently sold massive amounts of shares in their own company. And whatever you do, don't notice the irreconcilable differences between the operational results reported in their periodic RNSs and the hard audited figures in the annual accounts.

Hi Stoodio!
Rule 1 of SLP investing - always buy the dips.
It's always worked out nicely so far!

Hi Fishysaurus!
The next quarterly results should be spectacular, given the average rhodium price so far this quarter (and platinum is helping as well).
IMO, either the expectation of those results or the reality of them will cause the next move up.
As for JLP, IMO it's more likely to halve than double.

Hi Gotreal!
There are so many errors in your post that I can't be bothered to correct them all.
You really need to do some basic research on who developed the chrome / PGM processes that JLP use (answer: SLP and THS, not JLP), and so on. Currently THS are way ahead of JLP on fine chrome, as they are building a $50m full-scale fine chrome plant ("Vulcan"), not just a pilot operation.
You also need to do some basic research on the risks of Zambia (start with Vedanta), and how JLP scandalously acquired the Kabwe assets from the now all but defunct BMR, and the assurances they made to the Zambian government at the time which they have not kept, and which they show no signs of keeping. Oh, and have a look at Colin Bird's past as well. And at JLP's long record of failure in executing major projects.
As said, JLP is a high-risk punt stock. Leon Coetzer is a very convincing salesman, but he's telling you only his version of the truth, which is far from an objective one. IMO, JLP is currently way overvalued.
You see, I know much more than you do, so don't accuse me of spreading untruths.

Now $23,800 / oz (JMAT prices). It just keeps on going up!
It's crazy, of course, that THS isn't trading at its all-time highs as well. Business has never been better. But whatever institution has been offloading is still offloading, and it is squashing any upward movement in the share price.

Hi Draft!
No, that's a sacking. No thanks for his work, no best wishes for the future, just a terse 3 line RNS.