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Member Info for the_shareminator


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Member Since: Thu, 13th May 2010

Number of Share Chat Posts (all time): 10,580
Number of Share Chat Posts (last 30 days): 24

Last Posted: Thu 19:54


Post Distribution over the last 30 days




Thu 19:54

Strange time for an offer to come in, almost seems orchestrated but hey ho it's not a bad offer considering the pressures facing LMI. I said last year Sibanye would likely make an offer and with palladium outperforming, easing concerns over the Stillwater merger it will allow them to swallow up the 5th largest PGM producer in the world which should place Sibanye in the top 2, possibly the number 1 PGM producer. I don't expect the offer of £1 share equivalent will be reached, Sibanye stock movements will see to that but can't see why the share price isn't up to 90p+ given the liklihood of the deal succeeding
10 Dec '17

This is certainly worth reiterating, the price action in the past two weeks is very encouraging, $60k/tn up to $75k/tn
https://www.lme.com/Metals/Minor-metals/Cobalt#tabIndex=2
8 Dec '17

20p that's some discipline! I'm sure for many of us if we hold to that level it will be a life changing sum but I am quite risk averse these days so honestly speaking I intend to drip feed 5k at certain intervals to derisk along the way. Buying back larger amounts if there are dips which there surely must be at some point
7 Dec '17

The other end of the order is revealed :)

So that's £140k mopped up at 14p yesterday to add to the £67k mopped up at 13.45 a day or two earlier.

Now the waiting game begins again as the big background buyer(s) seek more shares.

Happy enough to be vindicated there was a big trade brewing at 14p but a little disheartening to see people sucked into selling at todays prices. We are well on the way to 15-16p and as Dan the Man says, should be much higher
7 Dec '17

Very little known at this point except that KEFI are cash-strapped and will come to the market to sustain ongoing group costs. In addition to that there is going to be heavy dilution although via what means is not yet known. The market has no appetite for Harry or this kind of deal. If there are additional amounts to be repaid it will only add to the uncertainty but this can still get a lot cheaper. Low 2s by Christmas at this rate
7 Dec '17

ragnar - like yourself I'm keeping a close eye on demand in the background. Part of my strategy are small limit orders. When demand rises and the sellers dry up as happened yesterday the squeeze pushes the price up and initially by quite some margin! 13.81 was offered to my broker despite the sell order position of 13.75 and likewise another small order filled for a different trader. Sellers then took advantage at 13.75 but we didn't see the other end of the order, I believe there is a big one at 14p. Possibly a couple of sizeable orders as we sped past 13.5 without so much as a hiccup.

longtomsilver - It's a good price, profit is profit but I wouldn't be selling in any significant volume as the share price rises. This has shown no signs of slowing down and despite Pt weakness we are still benefiting from Rh and Pd strength, rising production, Project Echo benefits to gradually take effect.
6 Dec '17

Yes it's too early but if you've ridden this wave up from low 10s it's no big deal selling 5k worth at this level. The share price jumped rather quickly from 13.3 to 13.8 so I don't mind letting them go
6 Dec '17

It was one of my sell orders so looks like a new weekly high being established, almost 10 months ago since we were at this level :D
6 Dec '17

I believe the MMs just took bids at 13.81 - I may be wrong but that 5k could have been one of my limit sells in which case it looks like they are filling demand at 14p

we will know soon enough
4 Dec '17

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