SPD - Southern Palladium

[System]

Southern Palladium Limited is engaged in advanced stage platinum group minerals (PGM) exploration and development through its acquisition of a 70% interest in a South African private company, Miracle Upon Miracle Investments Proprietary Limited (MUM), which will be completed immediately prior to its listing on the ASX.

The remaining 30% of MUM will remain held by a company wholly-owned by the local Bengwenyama-yeMaswazi community (Bengwenyama). MUM holds 100% of the Preferent Prospecting Right to the Bengwenyama PGM Project, located in the heart of the Eastern Limb of the Bushveld Complex in South Africa. The Company was formed in December 2020 specifically to acquire its holding in MUM, with all of the previous MUM shareholders to be Shareholders in the Company and, in the case of the Bengwenyama, being both a Shareholder in the Company and retaining a 30% direct interest in MUM.

The purpose and strategy of the Company is to bring the necessary financial and technical resources to MUM and, in partnership with the Bengwenyama, to advance the Bengwenyama PGM Project.

It is anticipated that SPD will list on the ASX during June 2022.

Southern Palladium Limited

Southern Palladium Limited is an Australian public company which holds a 70% interest in the Bengwenyama palladium/rhodium dominated PGM project located on the Eastern limb of the Bushveld, South Africa.

www.southernpalladium.com

 

[Dona Ferentes]

Listing date	08 June 2022 ; 11:00AM AEST ##
Company contact details	https://www.southernpalladium.com/site/content/ Ph: (02) 9299 0901
Principal Activities	Platinum group minerals exploration and development.
GICS industry group	TBA
Issue Price	AUD 0.50
Issue Type	Ordinary Fully Paid Shares
Security code	SPD
Capital to be Raised	$19,000,000
Expected offer close date	06 May 2022
Underwriter	Not underwritten. Bridge Street Capital Partners Pty Ltd (Lead Managers).

 

[Dona Ferentes]

SPD listed yesterday at 64c, and has been trading between 60c and 70c

 

[Dona Ferentes]

SPD listed at 64c, and has been trading between 60c and 70c

and a couple of weeks on, sold down to 54c and now back to 60c. Now they have to get on with the work; so far, it's a geophysical survey. Early days.

 

[mullokintyre]

SPD has , like me, been in the doldrums for a while.
I think February 2024 is time for its renaissance, hence my punting it in the Feb competition.
Mick

 

[mullokintyre]

SPD has , like me, been in the doldrums for a while.
I think February 2024 is time for its renaissance, hence my punting it in the Feb competition.
Mick

I decided a while ago that if I am entering these stock competitions and choosing stocks that I would also put up a small amount of real money in the stock.
Makes me take about a couple of milliseconds in thinking about the stock in qustion.
I did so with SPD, but today I took my money and ran away.
The last few stioks I have chosen have all had good runs, and in a few cases I was on the leader board, but was back in the also rans by the end of the month, and in some case I lost money.
So if I get 20% plus gain in a bit over a week, then I am taking the money and running away.
mick