Welcome Sallywoofs! You are a prolific commenter. I will need to remember to check the PGM forum over the weekends in future.
From what I can understand you are loyal CLQ supporter, great to have you here, a lot of the regulars on this thread are also CLQ investors as well.
I recommend you when you have time to have a read through the most recent company update from PGM. It has some great info on what they plan to do and how they plan to do it and i think it will answer some of the questions you have.
It's strange that you think CLQ will beat PGM to production, I don't think many people here would agree with you. All the info is in that presentation but to summarise, PGM capex will be somewhere between 10 and 20% that of CLQ, they already have a site arranged with the neccessary infrastructure and the plant they are building is much smaller a quicker to build.
You have said you have been an investor in PGM for a long time so you will remember that the scandium "contacts and counterparties" that CLQ have now, were previously those of PGM and why wouldn't they be, remember of the 3 serious NSW Scandium plays, PGM have the highest grades and Owendale was the pick of the bunch.
Finally I'm confused by your assertion that CLQ can price scandium where it wants as a byproduct? Why? From their PFS they plan to price it at $2000 which actually is $500 more than the $1500 price tag in PGM's PFS.
All in all I feel you have come to some strange conclusions about PGM and CLQ's competition for Scandium. Really CLQ is cobalt now, Friedland realised the world is not ready for large scale Scandium oxide production yet and pivoted, as did PGM hence the situation we find ourselves in now. IMHO i think in the short term Friedland may look to have their Scandium processed by Platina or SCY. Actually with regards to scandium I consider Scandium International to be more Platina's competition.
The concept of OBM as Wini puts it has been discussed at length here. I'm not against it in principal but Platina needs to get it's value for Owendale. I would let go of Owendale for $250m (bargain price) or just under $1 a share if Friedland wants it, but realistically not even he has that sort of money, at least not while he's trying to fund a $600m+ capex for Sunrise.
There are many out there that do have that sort of money though, so who knows. It's been long thought that pirates are lurks of the port bow, I seriously doubt that it is Friedland though. Thankfully our top 20 are solid and although there may be a few unknowns in there I think the chances of a hostile takeover are limited.
Cheers,
DMac
PGM Price at posting:
12.0¢ Sentiment: Buy Disclosure: Held
