I was wondering the same thing steven, but the share price may push past recent highs of 9.5 - 9.75 next month given the market expects cash in the bank to increase again.
The possibility of an interim dividend being announced may also happen given the amount of cash SLP will be holding. Share buybacks at this price would be a good use of company coffers.
I'd like to see a new project announcement, given the distressed state of explorers with no cash we should be looking for assets with near term production potential.
PGM basket price looks to have bottomed in October and despite Platinum weakening further this month, the PGM basket price is higher! Looks to be averaging $860/oz this quarter and Platinum put in a good day on Friday. Bodes well plus the exchange is working in our favour given the USD strength which makes unit costs in Rand appear weaker.
GBP may weaken early in 2017 as Brexit pressures emerge. Not sure the UK economy is all clear yet either.
Barring any news we'll have to wait until 26.1.17 for december quarterly figures before the sp rises in anticipation. Last quarter was excellent. however there will be more days off for holidays this time around. We'll see what impact that has had next Jan. At least the co. is generating healthy cash flows which is good.
As with most things in life (and money) there are two sides to the coin and as the downside has already been aired, perhaps we should look for positives.
The real issue is not who she is, but is she competent and what is she doing to earn her keep: one might argue that this is a sinecure, but it could equally be true that she will try harder to justify the appointment to be seen as "on merit".
Currently, I am not particularly happy with Alma, as I see no evidence to suggest that they are reaching out to PIs and that is a wasted opportunity (regardless of any effort made in the direction of the IIs).
The contrast between SLP and JLP is stark: this is the good company and that is the PR triumph for the silver tongued Leon, who promises the earth, charms the money out of punters to whom the sharks off load shares and warranties and delivers failed businesses with alarming regularity.
So, IMO, instead of descending into a bout of self harming (the purpose of the company detractors), we need to be asking if the second generation of McConnachies can get the Old Man up to speed on webcasts and twitter etc., the modern means of communicating and perhaps do a presentation or two for PIs and perhaps give us an inkling of what is intended for the cash stash.
Confirmed. If you type Robyn Terry Mcconnachie in google an article pops up at the top of the search in Mining Weekly and it details he has aDaughter Robyn-Lea, 29 (in 2015). This is clearly a misappropriation of company funds and I'd like to see the tender process Alma were involved in and why they were preferred bidder and while they're at it what they actually do for Sylvania Platinum. Naughty naughty I hope one of the bigger funds have the legal facilities to pursue this.
... number of first time posters on LSE claiming to be long term holders is always suspicious .....
So a bit of digging:
Robyn joined Alma in 2016. She has seven years Financial PR experience gained in South Africa and the UK. She was a part of the publicity department of international aluminium group Alumicor Pty before joining leading AiM focused Financial PR agency Threadneedle and subsequently Newgate Communications.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.