BTW, I will intend to keep re-posting this unless someone from Yahoo gives me a credible reason why I should not.
Yahoo -- if this is flagged multiple times, please look into whether the flagging is coming from the same (troll) ISP.
(A re-posting of a deleted post)
Just a friendly reminder, in case anyone is new to this board and doesn't already know.
Prettyfunny, truetugoodtobe, palsucksbucks, idetondesmet, and up to a dozen others screennames are all the same person. At one point, I suggested that people might want to flag and report this as abuse, since this troll uses the different names to bump it's posts to the top. I got about 8 thumbs down on that suggestion, which was pretty confirming. Since then, this troll will give me at least one thumb down on anything I post.
I don't know if flagging it's posts as abuse will result in anything . Yahoo appears either unwilling or unable to stop this troll. Maybe once every few weeks someone might remind newcomers about our resident troll. However, be forewarned that this may lead to stalking, or counter-accusations like suggesting other screen-names are the same person.
To be clear, I do not post under any other screen name than this. One name and a few posts each day is enough of a waste of time for me.
Whether you flag, report, and/or ignore is up to you. PLEASE, do not respond to or reply to anyone that you believe to be one of these palsucks aliases. You have to be careful, because this troll also has a habit of making a new screen-names by changing one letter in another poster's screen-name.
Prettyfunny? Not so much.
Please … don't feed the troll(s)!
Did you notice that our posts and replies have been removed from Yahoo?
It maybe time for any serious poster to find a message board that encourages honest posting above trolls and leave this one to the trolls.
"Let me check with boots."
Are you talking with your cat again?
Seriously, NAP's board is headed by a lawyer. One would think, if they were about to go belly up, that management would be encouraged to be carefully about using language which could be considered misleading the public. Not that they haven't intentionally mislead before. Maybe they assume that no one will sue if they don't have any cash?
Feel free to send a message off-line, if you wish.
If this catches on, it could be a really big deal, as the cars would use several times the amount of PGMs.
Only 70 in CA? That's it, for 2015?
Gov. Brown signed off on $50M in May to double the amount of hydrogen fuel stations. There are 9 now, 17 in progress, and another 28 to be funded by this large grant ... from a state that has no excess funds. So, California seems to be taking this very seriously. At only 70 cars, that would translate to 2 stations for every 3 Mirais. So, the car (which comes with it's own subsidy) would sell for about $45K, but the underlying infrastructure costs about $1 million per car.
Let's hope this technology takes off, for both the sake of PGMs investors, and taxpayers.
I hear what your saying, and am not a buyer of PAL. But it makes me scratch my head as to why these two would go on record about 2015 plans, making statements like, "Cementation has been engaged to sink a shaft to the 1,400 mark", if they were about to fold up. One would think they would stay as far away from the media as possible if they are about to run out of cash. As I figure, end of Q3 cash balance could be depleted within next few week.
There were some interesting words from PAL's COO and Gen Manager in today's article, "Lac des Iles realigning following summer fatality". The first half was about July's fatality and related safety concerns. Toward the end Gallagher and MacIsaac sound surprisingly optimistic. Not sure where the funding for expansion would come from, at this point.
"The real prize is the hanging footwall of the Offset Zone, and the company will spend $10 million this year to define the ore body at depth, MacIsaac said.
On the list of projects for 2015, NAP plans to change its stope design to improve productivity, streamline the material-handling process and improve the reliability of its fleet. Cementation has been engaged to sink a shaft to the 1,400 mark.
“There’s a huge opportunity at depth, we’ve just got to get that drilling done and basically extend the life of the mine,” MacIsaac said. “Currently it’s sitting around 2019, but there’s no reason it can’t be extended out to 2030.”
Gallagher is confident in the viability of the deposit and the project, calling it one of the best out there, especially in light of the socioeconomic challenges plaguing palladium producers in Russia and South Africa.
“We’re definitely in the right metal at the right time,” he said. “We’ve got a great ore body. It should be simple to mine; it should be fun to mine. But we’ve got some baggage, we’re behind the eight ball in a number of areas and we’re trying to play catch up.”
NAP is aiming to have a preliminary economic assessment completed by the first quarter of 2015, followed by a pre-feasibility study for the third quarter. "
I came across this short blurb on IFRAsia's site.
"There’s no update either on a US$150m issue for Platinum Group Metals Ltd, which ended a roadshow on November 11. Whispers on that deal had been heard at 10%–11%."
If true, that sound's in line with expectations. Not great, but not terrible.
Yes, it increases ownership. However, since they had to issue more shares to cover the additional capital requirements, this diluted share value. Given solid profitability, the short term pinch should flip to a longer term benefit. We just need PGM prices to co-operate.
Thanks for taking the time to explain your perspective. You posted that you have "been told that the modeling done for healthy profitability for PLG was done with an average price of Platinum at $1100." Is it possible that you may have mis-understood what someone told you? From everything I have read, PLG's profit models are based on a weighted average basket price. I would be very interested in reading anything that supports your perspective over mine. This basket price would currently be slightly below the $1100 mark.
I find it more meaningful to look at all-in profitability vs. gross operating margins, which don't account for overhead and cost of capital. I would very much doubt that PLG (WBJV specifically) would be profitable with Pt at $900 per ounce, given that Pd is not likely to sell for more than Pd. However, I also don't expect that Pt will go to (or would stay near) $900. Too many mines would not survive that number.
Yes, it's a nice move up in metal, today. Hope that continues.
Jack, I hope you don't take my challenges the wrong way. I don't dislike your posts, nor give you thumbs-down. Every once and a while what you post seems to beg to be challenged, though. It's kind of a weird position for me to take, since I'm optimistic on PLG, but if no one else will ask …
How can you talk about the pure profit margin increase of $15M on a $20-25 one day move up (or only a $10 - two day move) and not say a word about how the $300 decrease in Pt over the last four months would impact the future profit picture?
Here's a more complex challenge, since you brought up changes in profit margins -- If the current Pt/Pd prices stay as they are, what is the expected WBJV profit margin?
Optimism is fine, one sided reasoning will always beg to be challenged. If you think I'm summarizing things incorrectly, or am asking unfair questions, I'm happy to review any clarification.
In some ways, I want to thank you for making me question the basics, such as profitability thresholds. It helps in decision making.
Best of luck.
-- don't get emotional about your investments
Very good point to add! Not always easy, but very necessary. I've seen too many good people swept out to sea by emotional tides -- loading up with everything looks so good, and being frighten out near the bottom. This need to be tempered with DD, as with some miners (i.e. PAL) the bottom is likely the end.
I mis-estimated the global slowdown issue. I read headlines about China is "not growing at it's 7.5%" every six months or so. About 4 our of 5 times these headlines made have a good pull-back to buy into PGMs, as their auto market was still going at double digits. This may be the fifth time. Not sure. I also mistakenly thought that Japan's reaction to their sales tax hike and the reaction to the end of US Fed tapering would be more short lived.
"The dollar may be relatively strong now, but it is also under attack as the Reserve Currency, as it has been for awhile."
If that attack continues, that could bring metals back up.
I was able to unwind some of my mis-estimation in SWC calls yesterday, but will be eating some of it.
So I guess point #8 might be
-- learn from your mistakes.
Now that Yahoo appears to have corrected their letter "a" issue, I'll summarize a few points of caution which I tried to make earlier, when my posts were mutilated.
-- Know that no mining company is ever "a sure thing".
-- Know that PLG, as appealing as it is, is no exception to that rule.
-- Understand / appreciate the real risks, especially underlying metal's price swings.
-- Don't assume that you can calculate valuation better than most institutions.
-- Don't assume that you can calculate valuation. Period. At least, not without a crystal ball which will give you future metals prices … which for PGMs also means providing accurate global growth forecasts.
-- Stick to your limits.
For me, the last point translates to don't put more than 10% in any one company; or 20% in any industry; or more in any speculative stock (which this is) than would cause deep regret for months, or years, to come, if it were to turn south. I've learn this last point the hard way. Some missed opportunity is worth forgoing to avoid such pain.
Good luck to all longs.
Lower case letter a. a aa ba "a"
Upper case letter A. A AA BA "A"
It doesn't give me much fAith in wAnting to invest in An internet compAny which cannot even displAy An AlphAbet correctly.
Nope, th#$%$t's not it. It's h#$%$ppening to lots of posters.
Y#$%$hoo is h#$%$ving #$%$n issue tod#$%$y on one or more of there servers, in which #$%$ lower c#$%$sed letter #$%$ comes out as #$%$.
Y#$%$hoo is hAving #$%$ problem with the lower cAsed letter #$%$" with some posts. I'm not the only one.
BTW, JAck, the thumbs down wAs not from me, enough though I didn't completely see things your w#$%$y, I respect honest disAgreement