Member Info for Wolster

No ramp here Drunk, I just state that your a BB abusing c***, doesn't sound like a ramp to me.

Its even better Drunkfool if u just belt up.

Who gives a f*** drunkinfool, as per usual I'll state polite BB etiquette, If you sell np - just why the f*** announce it = W*****R imo

Cheers never new what a squib was. Does make the saying a damp squib more correct then ??

Moneymaker looking for lower lows are we.

Lithium is amongst the most common elements around vs Paladium amongst the rarest.
Lithium projects have popped up all over the planet (as before only the pottery industry used the stuff) vs Palladium in decline (as its usually a bye product of Platinum mining - which due to low price has been in decline)

Its not comparable you de-ramping *****************

However higher future commodity prices expected (re NN guidance, demand, inflation re QE, production issues in SA) means bidders maybe willing to pay more now vs even more later.

Therefore increasing chance of sale.

It goes both ways Calimari

The only thing extra you need than an RNS, is a BOD you can trust.

Seems another tick available in this department to.

Another "Benny" with a drivel filled history.

Retired Banker ,At least this is worth a conversation

"Stating the obvious - but if this company was so obviously worth 100p / 200p or even 350p as many on this BB suggest then why has the sp normalised at 17-20p after a month of open market trading ?" who knows, why last year was the SP 0.5p or 3p (when I noticed it), it almost looks like the MM's looked at our old valuation BB posts & picked the lowest reasonable one, they couldve just as easy gone for 57p frm that report, my guess would be some LTH started selling in decent enough numbers at 20p (as frankly they had made a fortune at this point - so why not) & the MM's had plenty of buyers at 17/19p to fix up.

"I think the flanks licence has to be the sticking point." - agree, if it was in our hand, maybe we would be at the 60p mark.

"A crude rule of thumb is that proven reserves in the ground are worth around $100 p.oz +/- $50. So they Montrachundra reserves might value EUA at $2.5bn but the flanks add $1.5bn ... nobody could make a sensible offer with that sort of unknown variable." - agree, I was surprised the for sale sign didnt occurr until after flanks notification, presumably all offers say upon receipt of flank licence then we will offer $........etc....at least legally we are entitled to the flanks (yes I know its Russia)

"Even more likely is a huge haggle with the Russian authorities over granting the licence based on royalties ... perhaps they're asking for 10% of Sales as their cut to grant the licence ? " - Well it is Russia & there are risks, however the massive palladium pile is in the ground their so we take our chances.

"Either way this needs to be resolved before the sale can proceed." - agreed & a re-rate will happen when it does.

"As for going it alone and Trader68 view that holders have nothing to lose until we're at 70p ... I think he needs to look at many, many miners who have run out of capex cash. Borrow money, burn through it, borrow more and soon the bondholders have the upper hand ... sp drifts down to 10p and holders of $250mm of bonds now have 90% of the "new equity"" - WT will help mitegate this risk.

"There is still a lot of risk here - but too much reward to sellout now !" - Nothing is risk free & I believe in this BOD (something you dont focus on ( but if Amerisur teaches investors anything) it is critical)

People come on here & generalise all the time, saying us rampers club together & bash negative comments.

I disagree.

Apparently im a ramper (despite never ramping the share), I merely defend the share im invested in from unsupported negativity.

I find Racey's post thought out & considered, for what thats worth (nothing).

lol GP
"I find it amusing how on this board particularly, any view that doesn’t tally with the blind optimism of some of the gobbier posters is leaped upon. Why the need people?? "

As a gobbier poster ill take the bait.

"Sadly mining it ourselves isn’t very likely as the BOD’s position has always been to get this to a position of sale - they having being taking a wage so it appears a regular drawdown isn’t what they want. Anyone seeking to purchase this will however want to mine it themselves and will only do so if it’s worth their while." - stating the BLEEDIN obvious wont score you much Kudos.

"Paying market price for materials that are still in the ground is ludicrous." What is this market price you refer to, most Value atempts I have seen have heavy discounts applied during calculation, indeed they have far more thought applied than your throwaway comments of doom.

"I’ve been in other takeover situations like this previously and have seen all the hyped projections before, not least from AMER. Although in retrospect now we got away from that at the right time." Amerisur is not comparable, re Oil in decline/out of favour vs Palladium/Precious metals on the rise, Amer had AWFUL lifestyle directors giving out shares for the boys at the drop of a hat (clues for this way before sale), were on the cusp of a shareholder revolt (which preceeded the sale - hardly a receipy for shareholder alignment during a sale process), & had missed production targets for years whilst always promising jam tommorrow. I dont see the correlation, so this is garbage.

"The BOD are selling this now because now is the right time, make no mistake".ofc it is Mr state the BLEEDIN obvious

"I’m concerned it’s not with Flanks approval." - Do you really think the BOD will sell this Co without Flank value being included in the deal after all these years - laughable clown comment

"I’m holding for now but do fear a fire sale." - Do use a favour & crawl back under your rock till next quarters outburst wobbler.

Well thanks for your musings, that was a great quarterly (infrequent poster) update of how your mind works.

I'll consign it to the bin if I may.

Didn't they sell part of their stockpile last year if I remember rightly to help control Palladium price (or cash in on the high depending on your viewpoint :)

Good for you "seethreeIPO" I however thinkanyone comming on this BB with an "I'm Out" connotated post = a tool, using the BB for their own trading purposes.

As I vilify other posters coming here with trading comments I cannot ignore you.

Once again ill use the word "Benny" at random, not directed at any individual.

I dunno, if you believe in the outcome - does it matter.

Also its given us LTH an opportunity to use our ISA allowances & generally jiggle/top up/acquire a greater share holding, so im fairly relaxed, at least I know ive cut my tax bill to the lowest I could.

(I dont mind paying tax per say, but as a basic rate taxpayer all my life & taking some massive risks/stress to get to my current position, paying a huge tax bill in a single year, vs those who have the opportunity to accrue their wealth over several years (something I have been denied) is galling)

JSP123 Premium Member

"Not sure it is tripe" - yes it is & your history is littered with this sort of drival.

" Seems like a reasonable question" - nope do your research leach/soon to be moaner on any down days same as you post on other shares.

"Some have been here longer than others and it makes sense as part of the research to try and use their knowledge" - Yep & we have seen your needy types aplenty & frankly they do not assist the BB (at least your post count is fairly low, so ill give you some credit.

"After all it benefits everyone who is invested long or short term if more investors stay and buy more shares. I think that's what helps the SP go up. As you are invested here that will of course help you too." - Actually not, I & most LTH are here for sale, therefore no matter if you(abit of a whiney wibble wobbler) bought the shares or not it wont help me one iota.

Stop repeating the same old tripe JSP123, we arnt your nanny - you jog on & do your own research.

You posted a similar posts only the other week.

Just do your research.

In fact thats the kind of stating the bleedin obvious comment that my Mum would come out with.

Its abit stating the obvious 'SpinShady' none of the replies indicate advice, but thanks for showing up & telling us all whats what.

200k, You didn't happen to have a short open a little while ago did u Blackbuck.