Member Info for TigerByTheTail

Hi Antharry!
"faith doesnt make you money, unless youre the catholic church. facts do."
Thanks for the post - I like that line. That's quality investment advice.

So Mr. Sidley,
You claim to own other shares, but you never post about them. Only about Vast. Hmm...
And your periodic appearances here closely correlate with attempts to ramp the share price to sucker in some unlucky PIs, before that ramp is inevitably followed by a placement / a death spiral conversion (and your own disappearance back into the shadows). Hmm...
I, for one, think you're an intern sitting in the corner of a dusty's broker's office, not a PI. Have I rumbled you?

Mark Sidley's here;
That means a placing's near!
(Ot at least an Atlas conversion).

Not Thorny Rover related news?
We know - as James has said so - that BOD and Diamextract/Burgundy are working on an action plan for the Botswana Sunland and former Sekaka assets, to include drilling later in the year. Details of that could be announced.
Also, I know it may seem improbable after all this time, but the legal impasse over Maibwe will be resolved one day. The new administrator of BCL is at least getting on with the job.

Hi FrostyJack!
It's simply the rules that the Takeover Panel impose in such a situation.
Yes, many of the RNSs will mean very little, but holdings and dealings must be disclosed. Them's the rules.

Hi Oufc!
It's worth keeping an eye on the big picture. Here are the monthly averages for the key rhodium price (now @50% of revenues) since the beginning of Tharisa's current financial year:
October 2020 - $13,977
November - $15,093
December - $16,426
January 2021 - $19,770
February - $22,502
March - $27,473
And, so far, in H2 (i.e. post interim numbers):
April - $28,775
May (to date) - $28,600
The interims themselves should be excellent. But the company should currently be performing even better.

Hi Carlito!
Then, by that logic, I must be part of the same dastardly team. But I can guarantee you that I'm not.
I missed all the fun on Wednesday, but I agree with The Mad Stork's overall analysis.
The incredibly lengthy Final Sales Process has failed to produce a sale. Or even a named bidder or a firm completion date. Therefore it has failed.
I doubt that a sale will ever be concluded, especially at the crazy prices thrown around on this board. IMO, all this talk of special dividends and so on is just blowing smoke in investors' eyes.
I still make EUA to be vastly, almost incredibly, overvalued at the current share price.
Finally, I also note that now the FSP is over, that opens up the door for a placing (as per the permission granted at the EGM). If I were on the BOD, I'd be sorely tempted to take advantage of the current bloated share price and to raise as much as I could asap.

There will be an investor presentation on 27th May at 17.00 for Phoevos to talk (brag?) about the interim results.
You should be able to sign up on investormeetcompany.com.

Hi Ragnar!
I'm not saying Karo is an easy project. Or even that it is wise - does the world really need more PGMs coming online in the late 2020s?
And my guess is that Zimbabwe wouldn't be able to come up with its 50% of the funding, so that would have to be funded somehow.
But it is possible to mine successfully in Zimbabwe, as CMCL are proving. In terms of sovereign risk, I'd be more worried about jurisdictions like Tanzania and Zambia. They're on the down slope, whilst Zimbabwe is recovering from its nightmare.
Anyway, I'm happy to wait and see what the DFS due later this year looks like. Karo, or Salene Chrome, isn't why I'm invested here.

Hi Mac!
You're showing off your almost total ignorance of geology again, I'm afraid.
Both the rhodium and iridium content of the ore is low, judging by the numbers that you yourself have quoted.
You've got it backasswards again.

Hi Raxfactor!
To back up your post, it's worth keeping an eye on the example of Caledonian Mining (CMCL), an AIM-listed gold miner whose main asset is the Blanket Mine in the the south of Zimbabwe. They operate in Zimbabwe without particular problems. They are expanding production after completing a major capital project (a new deep shaft), they regularly hit their guidance numbers, they are profitable, and they pay dividends every three months. I have a small shareholding in CMCL I bought a few years' back, and I can only say I'm very happy with the company's performance.

It's not a reputable company-approved "secondary listing".
Precisely, an over the counter broker (i.e. a boiler room) in New York is making market in unregulated HUMRF paper, which it itself has issued. That HUMRF paper is only backed by HUM shares as long as the broker honours its own promises and remains solvent. Investing in HUMRF paper is therefore, IMO, only for the extremely foolhardy. As for the price of those HUMRF "shares", well it goes up and down like a yoyo, and at times the spread is as much as 50%. All in all, the price of HUMRF paper means very little to HUM.
Anyway, talking of mugs who got in too early and paid too much, you must have bought in to HUM at what, 33p or so?
And, yes, not holding. Just because something is cheap doesn't necessarily mean it is a bargain.

The truth is we should have all been buying ruthenium (as well as rhodium) four years ago. $40 would have bought you an ounce of this minor PGM back then, now it will set you back a round $500, and its price is rising quickly. As with iridium (now $6,300/oz), I think this price explosion is linked to the coming "hydrogen economy".
In other news, rhodium has turned back up to $28,000 / oz, and it seems to have found a trading range between $27K and $29.5K / oz. And may it stay in this range for many years to come - Tharisa really don't need its price to go any higher, this is already a bonanza. (All JMAT prices).
Platinum and palladium $1,230 and $2,850 / oz. (Kitco). So the Tharisa basket price is still very high, but a little below its record.
Interims in two weeks time (25/5). Hopefully, they will make the current share price look very foolish.

HUMRF is a tiny "over-the-counter" listing on the pink sheets in New York. It has no liquidity and the share has previously been pumped and dumped over there by boiler-room scam artists. (Think Wolf of Wall Street).
If you doubt this, ask Border Terrier over on ADVFN - he's a victim!
The price of HUMRF has no real importance or meaningful connection to the AIM trading price.

Come on, folks. HUM has a seller (Sustainable Capital) capping any price rises. They still have around 2.5% to offload into the market.
And it is a very poorly run outfit with spiralling costs in a deteriorating jurisdiction (Mali).
Not everything that is cheap is a bargain, sometimes things are cheap for good reasons.

Yep, no doubt he found that truth at the bottom of a bottle of malt whisky. But it's still a good quote.

Hi Spindler!
"When things become serious, you have to lie."
Jean-Claude Junker, former EU Commission President

Nope, the post just caught my eye on the side column.
To be honest, this never-ending soap opera is getting boring, so you'll hear less from me. But still very confident of my final valuation. But how long the BOD can string out this "final sales process" is another question. Could be months yet.

No, DJG, you're a first class coward. And a liar, for pretending that you are acting in other's interests, when really you're acting only in your own. Please accept my complete contempt.

Hi Rusty Dog!
Your comparison is ridiculous, Sibanye Stillwater is a well-managed profitable PGM miner operating in one safe jurisdiction (Canada), and one fairly safe jurisdiction (South Africa). Its PGM reserves are only one part of its valuation.
EUA is an early stage explorer in high-risk Russia with 2m ounces of low-grade Russian C2 reserves, and some other exploration targets and potential finds, that may or may not add up to something after large amounts of money are spent on them. Oh, and it has a tiny "mom and pop" mining operation in the Urals, which is meaningless.
I'm still going with a rough valuation of around 5p per share for Eurasia.
I wonder when this never-ending sales process will finally end. It hardly feels like a buyer is eager to get the deal done, does it?