Member Info for TigerByTheTail

Hi Velo!
No, I don't agree. JLP is a far riskier stock than SLP and THS. It could easily turn out to be a house of cards. Its finances and RNSs are opaque and Colin Bird is its Chairman (a huge red flag). Note also the big recent director sales.
Investors are pricing in that the execution of the Zambian copper projects will go perfectly (which they likely won't if the Hernia ramp up is any guide), and that the Zambian government will remain friendly (remembering their past record of seizing mining assets at will and JLP's unkept promises in relation to Kabwe).
I've invested in JLP as a punt when it was cheaper and I made money each time. But I don't fancy my chances at its current mcap.

Hi Gotreal!
JLP is a far inferior investment to SLP, for reasons that have been articulated many times on this board: dodgy and obscure RNSs, Colin Bird as Chairman, director sales of shares, Zambia risk (a big one, that), and so on and so forth.
A far better comparison for SLP would be with Tharisa (THS), which does have credible growth plans (as well as superb margins).

$23,800/oz now, JMAT prices...
And so the money keeps rolling in...

Hi Curius!
Yes, you would get the special divi...
"a one-off Windfall Dividend of 3.75 pence per ordinary share, payable on 9 April 2021. Payment of the dividend will be made to shareholders on the register at the close of business on 5 March 2021 and the ex-dividend date is 4 March 2021."

And it's happening again! Why does this share always fall on results days? No matter how good the results are?

Hi Stoodio!
I'd go along with the thanks to the board and management. This is a very well-run and highly profitable company.
Results this morning more or less as expected - that is, excellent. We should also remember that they only include the period up to December 31st, and the rhodium and platinum prices only really took flight in January. So current trading should be even better.
My long term concerns (life of mine, next project, Samancor dependency) have not been answered in this morning's RNSs. But they can wait a bit more.

Hi Scott!
Essentially, RMM had a near miss with bankruptcy due to bad management, underinvestment, and low copper prices. It was only saved by the conversion of its debts to equity at an enormous discount, resulting in a huge number of shares in issue and a trashed share price.
It is now a turnaround play - new, experienced management with enough cash to bring the mine up to producing at a decent rate, and of course behind it all a booming copper market.

Rhodium now $23,400/oz (JMAT prices). It just keeps on going up!
Iridium steady at its all-time high of $4,400/oz.
Chrome prices still on an upward trend as well - see this:
http://www.asianmetal.com/ChromiumPrice/Chromium.html
In short, it's bonanza time for Tharisa, given the mix of metals they are mining.
I missed the presentation last night, so I'll watch it now. Thanks for the link!

Hi Gnome!
Magpies like shiny things to line their nests - maybe we do as well. Hence our love of gold!
Or it could be just that we crave security in an insecure world.
I'm a Bitcoin sceptic. Still. Even though of course I made a mistake not buying it back when it was the price of an ounce of gold. Someday the central banks will crack down on it, and a lot of people will get left with nothing but strings of useless computer code.

The tweets as much as say that Thorny River results are not quite ready yet, but that they are coming soon!

Hi Gotaberiius!
If you look back a bit you'll see posts discussing the actual share of the profits that the BEE partner receives when everything is taken into account (and there are a lot of details in this). It's hard to be precise, but it is a lot lower than 26% - as a rough and ready measure I'd allow 15% (which is likely on the high side). Also, revenues are reported whole, but the BEE share is taken off the final profit calculation.
So revenues would remain (post smelting) at around $475m from PGMs. But THS's actual profit would be lower by the amount of profit share paid out to the BEE partner.
Chrome at current prices is nicely profitable as well.
Of course, the big assumption in this calculation is that today's spot price will hold level for an entire year, which of course it won't (one way or the other). There is also a "debt" to make up from Q1 FY2021 when prices were lower. And, unfortunately, there is no way to "lock in" current rhodium prices as there is no futures market for the metal.
But, anyway you slice it, Tharisa is currently a highly profitable operation and almost ridiculously undervalued by the market.

Here's Tharisa's own tweet:
Platinum $1 285.50
Palladium $2 377.50
Rhodium $22 290.00
Gold $1 808.85
Ruth $318.00
Iridium $4 390.00
Tharisa USD $3 507.52
Tharisa ZAR R51 474.55
*Brought to you by TreasuryONE*
Above US$ 3500 #Tharisa

RMM's market cap now is £25.23m @ 0.31p share price.
Tomorrow, after the new shares are formally issued, it will automatically increase to £33.1m.
If you just took Rambler as an explorer it is worth every penny of this market cap. There aren't that many copper explorers who can boast of 75m intercepts of 9% copper (and 2.2g/t gold).
But Rambler is a fully-licensed and working copper producer with experienced management and in an entirely safe jurisdiction, with large investments already made into its infrastructure. It also (now) has enough cash to upgrade its operations.
Oh, and copper is now in a huge bull market.
That makes it a "buy" for me.

www.kitco.com/news/2021-02-16/Northam-Platinum-posts-robust-operational-and-sales-results.html
Note how much lower Northam's basket price is compared to Tharisa basket. That's down to THS's basket's very high rhodium content.

Again.
$22,600/oz (JMAT prices).
And to think I once held a 10kg bar of rhodium in my hands. Why didn't I make a rapid break for the door?

Again.
$22,600/oz (JMAT prices)

Hi 799Boy!
God only knows! Obviously, we have a big seller around (see the huge sell printed earlier today). That's what's holding this back. (IMO, the seller's sales strategy is as dumb as a brick. If only they let the share price rise, they would get both a better price and greater volume).
In terms of "events", obviously the presentation on Thursday may help, particularly if THS have timed it to end with any news or the seller's exit.
The dividend payment (ex-divi on 25/2) may also attract some attention.
The quarterlies (due early April) should include a net cash figure, which will hint at quite how much money the company has made over the last six months. So maybe that.
Failing any of that, the interims come along on 20th May or so. Then, finally, the market will see RNSed in clear black and white what we're all going on about on this board - that Tharisa is hugely profitable and undervalued.

Hi Visitor!
Thanks for sharing!
As much as I respect Cobus (CEO of PAF), this is why I sold my shares in PAF a few months' back.
This is also why I have reduced my SLP shareholding to a symbolic (sentimental?) minimum whilst adding here.
And I'd still describe PAF and SLP as two of the better miners on AIM - they're both well-run and profitable companies.

Hi Nimrod!
The reason is nothing more complicated than a sizeable seller. Just take a look at the board - it's one way traffic but the bid doesn't move.
(Note that in the Chairman's Letter in the AGM RNS (just a few days ago) is was confirmed that production is on track.)
Hopefully the upcoming dividend will wake a few people up to the value here.

Well, I think the placing was necessary and for the long term good of the business.
Also, glad to see that corporate governance is being improved.
No doubt the share price will go nowhere for a couple of weeks, but the medium term outlook here looks good.