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SPD - Southern Palladium

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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.

 
Listing date08 June 2022 ; 11:00AM AEST ##
Company contact detailshttps://www.southernpalladium.com/site/content/
Ph: (02) 9299 0901
Principal ActivitiesPlatinum group minerals exploration and development.
GICS industry groupTBA
Issue PriceAUD 0.50
Issue TypeOrdinary Fully Paid Shares
Security codeSPD
Capital to be Raised$19,000,000
Expected offer close date06 May 2022
UnderwriterNot underwritten. Bridge Street Capital Partners Pty Ltd (Lead Managers).
 
SPD listed yesterday at 64c, and has been trading between 60c and 70c
 
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
 
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
 
I decided a while ago that if I am entering these stock competitions .. 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 question. I did so with SPD, but today I took my money and ran away.
and up 40 percent last week ... 50c => 70c
 
and up 40 percent last week ... 50c => 70c
based on

12 June 2025
A$8 million Placement to accelerate DFS and mine development at Bengwenyama PGM project
Highlights:
• Firm commitments received for a placement of 16 million new fully paid ordinary shares at A$0.50 per share to raise A$8 million before costs
• A$4.6 million cornerstone investment by one of the Company’s largest shareholders, with strong support from a small number of new and existing institutional investors
• Placement done at market (no discount to previous A$0.50 per share previous close on 6 June) and a 10.5% premium to the 10-day VWAP
• Strategic capital raise provides balance sheet strength to advance the next phase of Definitive Feasibility Study work and staged mine development at Bengwenyama, with minimal dilution and changes to the group’s capital structure
• Targeted funding support ahead of key near-term milestones, including the publication of the optimised Pre-Feasibility Study, the expected receipt of a Mining Right, and ongoing DFS work

Screenshot_20250616_104940_CommSec~2.jpg
 


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