Member Info for TigerByTheTail

Hi Swampmonster!
Show your calculations.
How does Hummingbird make enough free cash flow (at (say) $1800 gold price and current AISC) to fund the 40% or so of the costs (industry standard) it will need for the Kouroussa build. The sums don't work.
Deliberately misleading others (suckering them into investing into poorly managed companies) is "not a good look".

(Yes, I know ruthenium makes up only 2% of THS"s revenues, but all the same...)
The ruthenium price is going ballistic - it's leapt up to $775 /oz this morning. It's rare to see any metal nearly double in price in a matter of ten days or so. Iridium still stable at $6,300 / oz, after its big rises earlier this year.
Rhodium drifting a little - down to $27,750 / oz this morning, according to JMAT. Still, if you believe Heraeus, its price should average out at $29,000 / oz for the next six months, with the "price risk to the upside".

Hi Stoodio!
I have to be happy with my investing results over the last few years. And I did stick SOME of my money into SLP at 8.2p, and more later. So I can't say I've screwed things up.
BUT, the fact remains, I would have made far more if I'd just followed your simple rule: "stick it all in SLP and come back each quarter to see the size of your stash."
Mind you, with my luck, if I'd done that, an asteroid would almost certainly have wiped out SLP's operations.

Usual impressive company performance.
I agree that the Mintails deal looks - on first sight - to be a stonker.

Sam - the share price can keep dropping - that's the whole point.
Vast is in a "death spiral". That's what happens in one, the share price drops and drops and drops.
And it can end with Vast going bust as well. In fact, that's the most likely outcome from here, unless Vast can very quickly get the mine into operating profitably. (And from all we know, they are a distance aways from that).

Coming to this late...
First, my congratulations to the bureaucrats who negotiated this deal on behalf of the Government of Guinea - they have secured amazing terms for the Guinean people.
Also, my congratulations to Cassidy Gold, who will shortly be able to monetise their asset.
Looking at the deal, I think the market was right to drop HUM's share price on the news. I don't think HUM can fund it without an equity raise (unless the gold price goes bonkers), and I think (when the mine is built and operational) all the cream will all go the Guinean government.
IMO, Hummingbird should have walked away from such an unfavourable deal. But here we are - again.

Hi JSB!
There were some pretty lengthy periods of flatlining with SLP when institutions were selling.
I remember a very long one at about 37p as Majedie dumped their shares. (And doesn't that look clever now, eh?)
This situation isn't healthy, and it needs to be resolved somehow. If the company can't tell us the selling is done next week, they might look at paying out an especially generous interim dividend to encourage trading volume. Or they need to get out there and persuade some new institutions to buy the stake of the seller wholesale.

https://www.heraeus.com/media/media/hpm/doc_hpm/precious_metal_update/The_Platinum_Standard_2021.pdf?utm_source=newsletter&utm_medium=email&utm_campaign=the_platinum_standard_2021#msdynttrid=lKI40D_DcTnX2ROwxlH62bYNCioEmTBN9WjkvMBpdy8
The article on the UG2 reef on page 29 is worth reading, and is the market conditions summary at the end. Overall, I found it very reassuring.

Hi Bangrak!
Thanks for posting - very reassuring reading for my investment in Tharisa.
There is a good article on UG2 reef mining (page 29), as well as at the usual market summary (page 39). All good for palladium and rhodium, and the outlook is bright for iridium and ruthenium. Platinum's outlook is a bit iffy, but it's only 12% of Tharisa's basket by revenue.
Now, if this seller would just finish up and go away!

If you're Vast, diamonds are never.

Hi Layla!
So, if the BOD have always performed, where's the sale then - after all this time and so much hot air?
IMO, it's obvious now that there will be no takeover or asset sale. Nobody is getting rich quick here. Obviously, other will disagree; that's what makes a market. IMO, the clever are selling this morning.

I think we can now conclusively state that BorderBob is a paid poster / broker account trying to affect trading in BCN shares (obviously negatively).
It beggars belief that a humble US citizen investing in his first UK share (as he claimed) would know about the intricacies of Rule 8.3.
Cover... blown!

Ian!
You're quoting a company paid-for advertorial like it is proper journalism!
God, the naivety on here... (and that's the nice explanation)...

Hi Ethio!
I'm not denying the EUA share price reacted to the ACF report. I just thought it was a laughable pile of garbage - as a professional in this field.
Sometimes you have to admit that the opinion of the average ignorant get-rich-quick punter matters more than your own! At least in the short term.
This is what Buffett meant when he said that in the short term the market was a voting machine, and in the long term a weighing machine.
EUA will be weighed eventually, and its share price will collapse. But that day may still be a long way off.

Hi Kando!
I'd guess the shock from the bitcoin / crypto collapse has created a "fear" bid in gold (gold / bitcoin seem to have a negative correlation these days).
Silver and platinum are reacting more like industrial metals - with a measure of apprehension.

Hello there, my fellow vultures and other carrion eaters!
Yes, this forced selling indeed smells like easy pickings for those with patience...

No, not JLP. You're just being silly. Apart from anything else, serious corporate governance issues.

The original ACF report was the most comical and unprofessional piece of analysis I think I've ever read. (Remember, EUA pays for this "research" - it's not objective in the last).
So God only knows what ACF's update will value EUA at. Probably some figure equivalent to the entire GDP of the USA or something. I'll stick with my own valuation, thanks very much.

Inflation traditionally favours commodities - and SLP produce a basic commodity, PGM metals. So good, in theory.
But it's a complex question without a certain answer.

Share price is creeping up now.
I think we'll be into the 200s in June. We really should be there already.