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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: carranza2 who wrote (174897)	7/15/2021 10:06:58 AM
From: TobagoJack	Respond to of 218125

In the meantime i pulled trigger at equal weight for platinum and palladium metals, and shorted puts on SBSW given its high implied volatility premium, strike 15, getting 1.05, when share is at 17, expiration October. Might do more as night wears on and reports from the front line in S Africa flows in. DRD feels sort of solid, so far, as if it is correctly priced already. The options are not liquid at mid-way between bid / ask, iow, the prospective counterparties are cool cucumbers counting on the military to do its professional job.

To: carranza2 who wrote (174897)	7/15/2021 7:25:37 PM
From: TobagoJack	1 Recommendation Recommended By Julius Wong Respond to of 218125

The latest sbsw/drd porns (1) SBSW presentation July 1st on its site and on YouTube sibanyestillwater.com (2) DRD presentation July 14th on its site drdgold.com Download DRDGOLD's presentation » US$ 10B of reserve (@ 1,800 per troy oz) US$ 20B of resource (which should go up somewhat just like a mine resource would rise as price rises) @ all-in sustaining cost of US$ 1,144 per troy oz, and no debt risk, pays out quarterly, yielding at 5+% on annual basis, and 8+% current run-rate. More tailings can be gotten from SBSW at any time on market terms, with hydrogen metals upsides. All for US$ 900M market cap, within arena of either devastating deflation or crippling inflation, either way toxic mist for fiats, inducing dramatic volatility of everything we know. But for S Africa, the next best thing to physicals in vaults. Let us see what the S African army can do to maintain law & order, and defeat domestic terrorism.

To: carranza2 who wrote (174897)	7/15/2021 8:47:06 PM
From: TobagoJack	Respond to of 218125

heavily recommend you spend the time 70 min to view the sbsw presentation video Message 33399669 wandered into the coffee shop and accosted by pretty girl who is feeling generous on a sunny day very sexy heavy emphasis on dividend payout, in amounts and in dividend yield targeting buying back 5% of shares outstanding over coming 10 months shall call residual (2017 vintage) debt back and if necessary re-issue at substantially lower rates murmured special dividend at year-end valuation talks / re-rating talked hydrogen metals talked EV (batteries ... fuel cell ... catalyst for hybrids, etc) talked (looking for 1M oz annual producer outside of S Africa at correct price to be paid by using ideally not using shares as believe shares undervalued) possibly expanding footprint in gold (currently 16% of total operation) highlighted battery metal operation in Finland mentioned potential substitution of rhodium (90% of global production in Africa) with palladium (thus requiring 6X palladium for each oz of rhodium substituted) talked DRD, that looking at growing the business for more gold dumps and 'other' metals talked Generation Mining talked massive uranium tailings on the surface part of gold dumps that is process ready waiting for price signal, funding would be 'easy' recent insider sales are part of LT incentive coming to maturity and requiring tax-selling last bit talked Basel III bottom line, want to be 'industry-leading sustainable dividend company' overarching takeaway, one word, 'buy'