Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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That’s 7 straight-out trading days where Rhodium has risen consecutively to today's $14,500.
Now that's a trend :)
Took its time to feed through to the SP, but clearly the market is trying to establish a suitable SP area whilst these chip conditions brood over all.
A few on here maintaining that the chip condition will ease sooner rather than later. (I hold no view on that).
However, if that view is to hold water, then there are some way-markers in Rhodium's back story, that will have to be overcome first.
Can't get any decent tools on Rhodium because no one's platform is supporting any algo's in it. XRH0 has them in spades, but it's not quite the real deal is it? So will have to eyeball it, old-school-style with Swing Lows and Swing Highs.
Each old Swing High represents a defence (resistance) force that will have to be overcome before the Rhodium price and hence the SP can travel up further without hindrance.
First up is quite a weak-looking Swing High (not really a Swing High) and that was on 13th Sept @ 15,250
- Note, that's the first target. Get an assault force team on it.
Next up is yet another weak resistance at 16,850 on 8th Sept.
Now those are easy-peasy take-downs. Regular troops could tackle those. So if the SP stumbles on those and pulls back, then the case for an early recovery recedes.
Suppose Rhodium does take those down, then now special forces will be needed as the 1st Sept is the first true Swing High sitting @ 17,600 on the 1st Sept.
Take that down and all hell breaks loose, so air cover will be needed from there on in.
That's because the daddy of all mean-spirited murderous terrorist resistance lies in wait @ $19,000 - a month long (August) strong support level (now reversed polarity to a resistance level).
It's that level that could likely stop any advance, and hence any further SP increase.
So, to sum up:
15,250
16,850
17,600
- are dead easy. We're at 14,500 tonight. Spitting distance to the first target. Time to get real disappointed if the front line troops get their Rrrses kicked back by any of those grannies.
19,000 is where I expect serious big trouble. Take 19,000 down and there's a box full o' medals waiting.
But 19,000? Remains to be seen.
That's where my doubts lie.
You have your orders. Now mobilise your troops - and move 'em out!
I'm a big believer in ROCE (never invest in airlines!).
On that basis, it wasn't really investable until 2019.
Operating Income divided by the Capital Employed.
ROCE % since 2016. 5.46 10.1 11.9 16.3 35.3 54.6
Compound average growth rate 22.3%
The goalie has football pie all over his shirt
https://www.youtube.com/watch?v=JJNLVT2luxg&ab_channel=HighlightHeaven
watch and marvel.......
Paltry volume today and look what the SP is going. IYKYK.
Tiger, yup. And he's been doing it for 3 years. Absolute GOAT. Man needs some respek on his name :)
in the meantime anyone see justin tuckers game winning kick against detroit last night ?
Rhodium up a smidge again :)
Ker ching.
one for the traders for the present time
Said it last week, watch out for the gym equivalent of the DOMS here.
Delayed Onset Muscle Soreness.
Those months Velo was no fool with, July and August, just decided to take on the mantle of October / November. Thats it thats all.
:)
It makes sense that pgm price movements will impact SLP but reversal seems overdone.
Rerate opportunity with value fundamentals and cash mountain for shareholder dividends.
Dyor
Glalth
Fishy, I think there is still a deficit of Rhodium of about 100,000 ounces in the supply chain, so as the microchip shortage eases from October- Liberium believes it peaked this month, the price of Rho should rise again, which it has been doing, bouncing off a bottom of $11,250. I dont know what the lag is between Rho prices and SLP share price, but as the Rho price continues it upward and sustained move, SLP's share price will no doubt be returning to the 100p+ range. After all, £80+ million in the bank projected for next year is serious dough. I think the lag has to do the the sale pricing of RHO, as I think it is calculated on a rolling month or quartely basis, not the spot price on the day it was sold, although thats my guess, so the rolling month/quartely price will show price lag because of how its calculated.
If the automotive chips shortage is forecast to end Q1 / Q2 2022 then I would expect that the automotive industry already has visibility of their delivery pipeline. In that case they will be placing order for all the necessary component to match this uplift in production.
My guess would be that the cat suppliers are already in receipt of these orders and will be utilising their PGM stocks / ordering more to meet the forward demand already.
Johnson Matthey had Friday's close as $14,400
Rhodium Price per Ounce $13,550.00
opps mining .. dam beers
Looks like fiddlers elbow time again for the SP.... meanwhile somewhere in south africa a miming company is dancing to it! Happy friday
Watch what happens here before the next results. Explosive. PGM's been shorted the s h i t our of over recent months and the reversal is underway IMO. MM's moving SLP as they have had the power to do for as long as I've been a holder.
The reversal will be sharp and swift on this money printing machine.
prob because you bought **** loads yesterday stoodio :-)
Rhodium heading back to where I said it was going :)
Thanks for excellent posts today, marineclark.
You would t know Rhodium was up by today’s trading and the drop in the past 20 mins.
Rhodium up 7.45%. Wont be long folks.