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it is chat, i screened out a lot of tsx stocks over the weekend, incl eric nuttalls top picks in his portfolio, and none compare to AOI. I think being a fund manager he might be constrained / waiting for them to hit the magic 1 billion value, who knows
the latest dividend release (75mill) to AOI seems to have focused value.
i very rarely tip stuff for other people but this one, back when it was $1.20 in the late summer, today will be nearer $2, was a bit obvious, but its one of those shares (and think tharisa will be very similar) that chugs along the flatline for ages before the mkt realises....
it has all the hallmarks of slp except has huge exploration upside. very high fcf, low mkt cap, very well run, and in a great current mkt, all very very similar to slp
it will consolidate lower because as you say, been on a tear, and will prob add when it gets there
@toptiger
In answer to your previous question - No. I've not purchased AIO yet. I can see it's on another tear.
solar is also ok as a supplement, and a very good idea in countries near the equator, but not northern hemisphere
agreed stoodio, the problem is its the man in / on the street that is going to pay the price for much higher oil, and gas, the decision makers like our great leader wont give one as they are all on expenses, its disgraceful really, unless you buy oil shares to offset, they will lose out big time, but most cant
might not be a problem with petrol queues if the price hits 1.50 a litre !
oil demand, despite the green "revolution", is growing by 1-2% a year, and as we know oil investment is massively down, which will cause problems, despite oil having 47 years left at current rates. even if the green thing takes off (and i think it will stall at some point), oil demand, despite the switching, will increase, due to population increases
every country should go nuclear, its the only way, its what powers the universe, kind of a hint there, rather than wind turbines (which dont power the universe funnily enough)
There is only one electric car in our street. the charging cable attached to the integrated lamp post sure as hell looks ugly and could easily trip someone. I coudnt imagine if the whole street had cables like this. Unless the battery tech improves significantly, it stands no chance of mass adoption.
toptiger, never a truer word. All the hokum pokum surrounding the new green economy? Vlad the Impaler put it best when he took Greta the Goof to china town at a conference a couple years back, when he effectively told her, stick to barbie dolls.
Oil. Oil. Oil. And PGMs.....
the fossil fuel plays will benefit far more than the new green stuff UNLESS there is a clear winner on track that will deliver fairly quickly which is a very hard task. It is a million miles off and with govt incompetence, i'll stick with oil for the next 10 years, clear winner
'point at every single parking bay'
Plus the infrastructure to supply. The cables to the streets will have to be able to conduct the energy to charge all those cars when they return home from work as well as coping with all the electric heat pumps turning on just as the evening meal is being prepared.
Massive investment required in supply infrastructure.
Hydrogen fuel cells use platinum, although other materials are possible nowadays. The engineering challenges are substantial though. The US attempts to build a hydrogen economy since 2003 and it's still not delivered and far into the horizon.
Electric tech is very good and nice, but one needs quite a bit of fossil fuels for the batteries, and there is the recycle problem. On a practical level, the range may not be enough for a lot of commercial use cases and it would require a substantial investment in infrastructure (of which I haven't seen much yet). So it's ok if you live in an urban area and have off street parking and can run a chord to your EV. For others (most) it's not so practical unless there is a change point at every single parking bay.
Interesting - what parameters do you use for this screen (if you dont mind sharing)
“While PGM-based catalysts are expected to benefit from the fuel cell electric vehicle technology within the hydrogen economy, their applications extend way beyond just powering a new generation of vehicles.”
Everything aint moving to electric or hydrogen :)
If everything is moving electric or Hydrogen how will that affect production of cats ?
the next correction/shakeout takes place in the market, SLP will be well placed to take advantage with its cash pile; meanwhile there will be some punishment for not being a more adventurous. I'm assuming that they have a plan, because just sitting on the cash without one comes with greater penalties...... Not suggesting that they rush out and try to make a deal, as fools and their money are soon parted, but there has to be a long term plan.
I am a longterm holder so well in profit on this one, but the recent weakness I think is only a shortterm frustration.
I run a screen on Stockopedia that I call "Stalled Momentum Quality" it picks up shares that have good fundamental value and quality, but are going through a period of sideways movement.
SLP has just dropped onto this screen, the last time it did that, within a week it had rocketed away again - here is hoping.
Not a bad buy :)
This is trading at enterprise valuation of 2.2 net profit. Some AIM shares trade at 6 to 12 times net profit, ive seen. Fair value for is easily 150p+, imo. The current price assumes a total collapse in PGM prices, which is highly unlikely, but not impossible. **** does happen. Also, i do have have an open postion which if counted would make my multibaggers a 6, not 5,, but I prefer to count actually closed positions.
I not one to predict where prices will go, as they can be make no sense sometimes , so I do have a mental stop loss to manage my risk, in case the unthinkable does happen. However, no risk means a savings account at less than 1 percent interest. So, no thanks.
EPS is going to fall of course, because earnings has fallen with the fall in Rho prices. That would already be priced in to SLP share price now. Not sure why this Ben chap expected more profit when the Rho prices has fallen 50 percent in the last six months? And more free cash? Thats correct, at current prices net profit per quarter is $20 million. Thats goes in the bank every quarter. So the coffers is fattening every 3 months. The point is to of buying now is exactly because of the 50 percent drop in RHo prices due to microchip shortage. Thats why its a bargain. Many people like to buy at the top, but I've had 5 multibaggers this last 12 months, and it didnt happen buying at the top beleive me. Capital liberium believe, microchip shortages peaked last month, so Rho prices should be back up from this month. I wouldnt have minded buying gas or oilers but not now when the higher prices have already been priced into their share prices. before would have been nice. Sure you can wait until RHo goes back above 15-16k before buying and stress about buying above 100p when it does, but I rather be buying like i have done, when RHo prices appear to have bottomed and put up my feet and enjoy the ride without having to micro time the perfect trade, which I wish was that easy.
Are you sure? Ben has now reduced the EPS down 15% to 38c this week, so the broker report only issued last month expecting more profit and more free cash looks to be well off the mark just like we said it would be. Using the last 3 months' prices (FYTD) EPS will be nearer to 32c or 23p and I do not see Rh rising much, Pal chart looks weak, all PGM's sub 200 day. The chip situation is not expected to ease until Q2 2022 and this inflation business is biting into everyone. Gas and Coal are the places to be right now and through winter, everyone ditched coal like they did Rhodium (it's boring & not needed going forward) now they need it desperately with the price driven up over $200+ a ton and $150+ on June 22 futures. Copper looks lifeless but ok for $4.20. SLP is fair value at 86-102p IMHO the lower being at today's prices the upper based on the last 3 months (FTYD). The moment china starts making lots of cars again, the price of RH rises above $15-16k then it's very likely game on here again and more so over on THS, but it's not going to be 2020 again. 2020 was for Rh what 2021-22 is for gas & coal.
Plenty to look forward too. Dip seems a good opportunity to get in sub 95.
If Rhodium rises then happy days.
message for chatmandu,
did you ever buy any aoi ?
All just fun and games.
I stand by my prediction of well into triple digits October/November :)
Looks like a nice buying price, adding
Two weeks ago, we bounced off a low of 11,250 Rho price., followed by a two week rally. As nothing moves in a straight line, we had a slight pullback yesterday, but knowing that Microchip shorages may have peaked last month gives me confidence that the rally will resume, and that the low was actually a bottom. Even at these prices, SLP is massively proftiable.
This share is one of my most comfortable holdings. I got in at 86p, a point away from the a second bounce off support at 85p, giving me a risk of 1p, for a 100p reward. i.e 1:100 risk/reward ratio. SLP is does not have volatile intraday movements, its more of a slow and steady ship. Thats why this share is not a good one to day trade for small profits. In fact taking small profits is a losing strategy in the long run. yes, you may get lucky from time to time, but sooner or later, Taking small losses, and letting your profits run, is the best strategy that works in the long run. As well, picking good shares with lots of cash in the bank, and strong earnigs, and zero debt, makes this a low risk share. Charts are important for timing however, as you dont want to be buying at the top. At 150p, may here were multibagging from 10p, and profit taking is perfectly normal.
I see 150p+ in 3-6 months.
All imo, and DYOR.
A double bottom pattern is complete when the price rallies above a the bounce high, which is around the 105p level in this case. HIgh volumes arent mandatory but do increase the probability of a valid formation. Yes there was a slight pullback today from the downward trend line, more likely to do with the pullback in RHo prices today. I would only worry if swings downward are accompanied by large volumes which they are not. I have closing support at 85p, if that breaks than further moves down is possible, but I would worry about that situation if it develops. So far support looks strong at those levels, given the formation of a double bottom at those levels. Shakeouts sometimes happen, doesnt mean it will. There is also fundmanetal case to consider here as with rising cash in the bank, increasing by $20million per quarter, that will buffer any further downside to the price. Normally, the best time to buy is when the price are above the rising Moving averages, but in this case, given the fundamentals here I think we've hit the bottom in prices. I wish you luck on you 76p order, my money is that you wont get it.
However, as mentioned SLP share price mirrors closely the price of RHo., the charts practically are the same and so are the timings. A rise in RHO will see a mirrored rise in SLP. And we all know that the Microchip shortage wont last forver.