Member Info for TigerByTheTail

Platinum price recovering well after its recent drip down to $830 or so (dragged down by gold weakness, I think).
Palladium and rhodium still very strong.
All well.

Not at all. I just know some geology. Note how they are still searching for the mineralised core.
This isn't a commercial find - yet. It may or may not become one in time.

Well, I'm happy as the share price will boom today.
But, in truth, there is more hype than substance to this discovery so far. Grades may well disappoint when drill hole is assayed.

Hi Aprogerson!
(All from memory and IMO - please check actual dates and numbers...)
Sustainable Capital are a Mauritius based institutional investor who specialise in African companies. They upped their holding in Hummingbird during the darkest days of the pit wall disaster, eventually reaching a position size of about 14%. They have been selling down (i.e. taking a very decent profit) for some time now. I don't know their reasoning, but they have also been selling down their (profitable) stake in Tanzanian gold miner Shanta Gold, which to me also seems mistimed. And investing in Gem Diamonds, which seems crazy to me, given the dire state of the diamond market. But what do I know?
Sustainable are not a distressed seller; rather a determined and disciplined one. For instance, they took full advantage of the recent spike in volume to offload more shares, but they didn't trash the share price completely. I think their last RNS said they were down to 6.9%. That could be the end of their selling, but I doubt it.
6.9% is a lot for PIs to absorb - realistically it's too much. So I think at some point another institution will step in a strike a deal with Sustainable. Maybe that will give us an opportunity to pick up a few even cheaper shares, maybe not.
Personally, I think that without Sustainable, Hummingbird might be trading at 45p to 50p right now. So 35p seems a decent bargain to me. This too will pass.

IMO, HUM will rerate when Sustainable stop selling.
But when that will be, I don't know.
For now, HUM is on sale at a bargain basement price. Don't miss out!

Also, Resolute published an RNS mainly dealing with some of their own woes yesterday, which included this positive information:
Mali Government Update
Resolute notes the appointment of former Malian Minister of Defence and retired colonel Mr. Bah N'DAW as interim President and Colonel Assimi GOITA as interim Vice President. These appointments were made as part of new transitional government arrangements expected to be in place for a maximum of 18 months to allow for and plan new democratic elections.
Upon his inauguration on 25 September 2020, Interim President N'DAW stated "The transition period which begins will not dispute any international undertaking by Mali, nor the agreements signed by the government".
N.b.: The mentioned agreements include those relating to gold mining in Mali. So we have a near guarantee of 18 months of peace and quiet on that front.

www.voanews.com/africa/lifting-sanctions-against-mali-hits-snag
Actually, I think this wrangle is just Ecowas trying to save some face. I'd expect it to be ironed out in a week or so and the sanctions to be lifted. I refuse to ever call a military coup a good thing, but this one had been remarkably orderly and in some ways constructive.

I'm not sure how you spin this typical AIM manoeuvre as good news for Bacanora shareholders. BCN are paying to own less of a supposedly valuable asset! Oh, and aren't BCN already a public company themselves? So the quoted reason for the transaction is ridiculous.

Well, if you'd asked me 3 months ago what the share price would be two weeks before the BHP deadline, I wouldn't have answered 26p, that's for sure. Scunnered.
A 50p offer is looking very attractive right now...

It's right at the bottom of the RNS.
Ex-div 9/10, dividend paid 6/11.

Hi ToS!
Thanks for introducing me to the wonderful word "scunnered". I had to look it up...
Scottish
Feel disgust or strong dislike.
as adjective scunnered ‘he seemed even more scunnered with me than before’
More example sentences
Origin
Late Middle English (first used in the sense ‘shrink back with fear’): of unknown origin.

EPS of 10p per share for half-year, interim dividend of around 6p per share (ex-div 9/10), Q3 on track... and the share price stumbles on open.
AIM never ceases to amaze!

Hi Shareminator!
We'll have to agree to disagree on this one. Yes, Resolute is indeed cheap, but I think it is cheap for good reasons. Not least, it's long history of deceptive and misleading financial reporting.
I'm not a shorter, and there are a lot of other (gold)fish in the pond, so I'll leave it there.

https://edition.cnn.com/2020/09/25/investing/platinum-gold-precious-metals/index.html

Hi Ragnar!
My EBITDA estimate will probably come out very close to yours (not done it yet) as we're using similar assumptions.
I do think the cash pile may not grow as much as we think, though. This was flagged in the annual report and in the presentation as well - I think we'll find that the smelters are delaying payments somewhat, and that there will be a corresponding growth in trade receivables rather than actual cash. Q1 is also one of the two quarters when the corporate tax bill comes due, isn't it?
Meanwhile, gold has started slipping again, and (after a brief rally) platinum is sliding with it. I make both huge buys at the bottom of this dip, but judging it ain't easy!

The oddest trade has just popped up - for about £1500's worth of shares at 19.75p on the bell this morning. Hence the bizarre drop.
Any money this is a fat finger error and it will be reversed in due course. Probably was meant to be 59.75p.

Anyway, the platinum price is recovering a little today after being dragged down by dollar strength and gold weakness. (Palladium and rhodium held up relatively well). So SLP's share price should move back up again.
I'll try and work out an estimate for this quarter's profits over the weekend. It should be a very good one for SLP.

Hi Craig!
Market-makers on AIM shares can see stop losses and do drop the Bid price to trigger them if it suits. And if they do it well, they can trigger a cascade of stop losses so that a share price to fall rapidly. But there are rules they must follow, and though the rules can be bent a little, they can't be broken outright. Dropping the Bid a couple of pence to collect some cheap shares they can and do do; but dropping it to 19p suddenly and without cause would trigger an investigation and consequences. And they don't want that; they're doing very nicely as things are.

I think the 19p was more of a computer glitch than an actual quoted price.
If it was a quoted price, then - yes - stop losses could have been triggered. I hope that's not the case!

All I can say is that if this does drop to 19p, I'm all in. But it won't. So this is a silly post.
I've got no idea why the MMs give us this scare every few months. Probably seeing if they can trigger any cardiac stop losses and buy the shares cheap off the heirs.