Member Info for Wolster

We are hitting a liquidity crisis now, so all bets are off - everything (be it safe haven/Bitcoin/Precious Metal) is being sold for cash.

Just imagine if this starts hitting Property & Inflation - the real nightmare begins.

Hopefully it will dawn that, the virus (which will not go away quickly) will pass & that those still left in the race will pickup the batton & crack on.

As long as EUA has cash in the bank & the ability to get the sites up & running & producing as fast as possible - happy days.

Well at least we can look in ourselves on progress (using google maps) & our fuel cost will drop .

By the time a decent haul of Palladium comes out of the ground the prices may well have recovered.

Last thing I'll say (as im not invested here atm - not through lack of interest tho, have been very tempted), last I heard break even was £3,000 per BTC, (carnt remember if that was £/$ - & I maybe outdated now) the profit margin has halfed today £6,000ish to £4,500ish, another morning like that & its breakeven (losses with depriciation).

Now is not the time to bag a bargin - but to sit & wait - Surely.

(I'm not being smug/****y either, dont worry we are all in the larger ****ty boat - my Palladium bet isn't looking any rosier than here atm - just be careful out their folks)

People holding BTC were hoping it to be a safe haven asset & some diversification away from other asset classes.

Sadly today has shot that theory out of the water imo.

The key for me is the flanks - not to worried how it flops after that.

With flank approval we remove any(majority) of dodgy Russian deramp material.
With flank we increase the value of the company by a decent multiple no matter what.

After that the sale is crystalisation premium only vs a longer slog with most likely greater reward. At this point id imagine its down to personal investment choice.

Flanks is the main hurdle(risk) / opportunity(reward) - & as we have discussed to death the chances of us not getting the flanks (esp with our closeish relationship with Rosenedra) is low(given the reported laws) (but falls into the deramp camp of Russian corruption on the world stage etc...) represents our main risk even if low.

The permits are definately a barrier to entry for start ups - less so for NN tho & they probably realise they have dropped the ball leaving a large resource on their doorstep (I wouldn't bank on this staying that way going forward).

IMO this is it boom (Sell - after flanks) or mine what we have (Initial drop - on lack of sale, followed by gradual rise higher than current SP), but im sure NN will frustrate further advancement in the area.

Clearly im responding on this forum (where a de-ramper(Tigerby the tail) to EUA arrived from - because id rather chat about it over here vs clutter up our board) - suffice to say sorry for those who dont pop around other boards just to **** off shares they arent invested in (but are in related fields) but the guy needs calling out.

All this company needs is a potential buyer to get the share rising - rather than falling, wonder where I can find such a company in the PGM game ?

Oh yes nice post Tiger if you wern't pumping SLP so heavily it may have more credibility.

I think he is refering to shorters buying back the shares post divy (at the ex divy price - & somewhat saving their necks).

Makes you wonder what new world order will look like when we are unfrozen - damn well hope an offer is going to be proping us up.

Incidentally not a shred of news about gearing up for the season - we can only hope that means the offers are landing.

Flank or Offer news will be needed to protect against a fall when we get relisted (lets face it we need a decent material reason to be suspended in the first place for this level of time, to ensure confidence isn't lost)

In addition prior to relisted (esp if the reason isn't STRONGLY positive) id expect a massive short attack (in all its forms) - for one we had a strong rise into suspension & since the rest of the market will have dropped 10% its put our heads over the parapet even higher.

Therefore it maybe the order of the day to put Sell prices on shares again - to prevent shorts borrowing them for any dump they may plan.

Hopefully the news will be STRONGLY positive after this suspenstion tho & then no worries plain sailing.

Shame Platinium - (our Hedge metal), took abit of a clobbering was over $1,000 last week.

If there was a share to be trapped in during an escalation of Coronvirus, I suppose a Paladium one on the cusp of a takever would probably be the pretty optimal (well except for a mask maker & whoever finds a vaccine for the damn thing)

""refinance the companies debt" not pay it off then?"

Typically these rollover type agreements do indeed pay off the old debt (& therefore refinance the whole package on new lower interest terms), the old debt having been used up in earlier years projects & is therefore not available going forward.

About the most interesting post of today.

$4.150 Billion
$2.5 Billion (Existing debt)
= $1.65Billion for Capital Expenditure (not sure if that is Capital Aquisition vs Capital Expenditure tho)

In fairness most of that post you wrote.

But am I throwing a 42p or a 5p handgrenade who knows depends which side of the bed you got up on.

I think its quite simple pick a stock that you believe in & then back it (unless a fundimental change occurs(not tripe on a BB) - then re-evaluate it) I dont think its a complex issue Mr flip flop.

Bot Fly

I actually dont mind most of what you say (as it usually has more meat on the bones than some of the more negative posters we have to deal with) so I dont really interact much with you, however I do struggle to pin down your position - as it seems to change depending on the current SP (& presumably your current investment choice) for example:-

Back in Decemberish SP 2.6p ish your view seems to be 42p per share (& at these prices I assume youve gone long) in a response to something Stockdale had said :-

"stockdale

That's your problem. You're so far inside your own echo chamber you're completely incapable of hearing or understanding anything that does comply with what you've already decided is true. If you spent a bit more time trying to understand instead of shooting from the hip all the time you might learn something.

As for the maths let me make it simple for you.

15m oz. in the ground.

The average price paid for gold in the ground was $63/oz when gold was selling for $1,200/oz back in 2015.

Palladium is currently $1,800/oz+ so assume $94.5/oz in the ground. 15m x $94.4/oz = $1,417.5m or £1,134m at £1 to $1.25.

2.7B shares in issue into £1,134m = 42p/share.

If you'd spend a little bit more time doing some meaningful research instead of attacking people becuase they're not saying the same as you it might give you a better understanding of what you've invested in.

TDT"

Whereas now with the SP 7.2p (suspended) on the rise due to CITIC leeks & reports putting the company at 65p(with flanks) you seem all to negative - which leads to the obvious conclusion your investment decision has altered - maybe to a short (given the rise from 3.3p to 7.2p in a week - I am certain many felt a pullback was imminent & sold)

It is therefore very difficult to take what you say as nethin but boosting your current position in the stock.

I have far more respect for the posters who maintain there stance no matter what the current SP might be - you dont therefore fall into this category.

My original posted relating to valuation @ 12.75p per share used the 4/12/19 report (pre Flanks etc...)

4/12/19(used in the 12.75p report) - 9/1/20 - 20/2/20

Palladium (Troy ounces) US$ 1,760 p/oz - US$ 2,118 p/oz - US$ 2,783p/oz
Platinum US$900 p/oz - US$ 974 p/oz - US$ 1,000p/oz
Rhodium US$ 5,279 p/oz - US$ 8,200 p/oz - US$ 12,250p/oz
Iridium US$1,460 p/oz - US$ 1,480 p/oz - US$ 1,505p/oz
Gold US$1,400 p/oz - US$ 1,551 p/oz - US$ 1,610p/oz
Copper US$5,730 p/t - US$ 6,134 p/t - US$ 5,755p/t
Nickel US$13,224 p/t - US$ 13,805 p/t - US$ 12,875p/t

Not bad - in fact very strong, only Nickel below 4/12 figures used.

Plenty of potential beyond 7.2p imo, bed wetters need to get there acts together tbh.

What a difference a few days make per Smoke 5th Feb SP 5.75p

"And so much more growth to come here IMO.

Got to be people looking in here wondering what's going on. It only takes a glimpse till you try to find a reason not to invest. Hours later concluding there isn't a reason why not to, only see the SP up another pence. Lol.

Serious note, the journey won't be up in a straight line. But the destination will surely be multiples of today's SP. GLA."

Clearly after the ramp he sold, despite it not yet reaching multiples.

"Having the choice would you take 5p now or risk it for a little more and possibly lose it all(most of it)?"

Lol what a flake - do one fool.