Morning guys. Wow, what a start to Monday morning! The new Chairman has certainly got to work early - no sooner is in the door than the share price is up 50% and now talk of twice yearly dividends. Perhaps I am still asleep and dreaming? A complete change of approach for the business and probably why we have seen changes to the board recently. There must have been those who wanted to to follow an exploration and development path and those who thought this was the best way to release value. Now we know what was happening behind the scenes. Very astute of L&G to get in when they did.
Thanks for the link. The news may attract a different type of investor now. Perhaps L&G knew this already and took a position based on dividend and outlook. If the political situation in S.A. gets sorted then the yield for the longterm investor could be very promising.
New Presentation out. I notice the cash pile has plumeted to a mere $7M; be interesting to see the quarterly accounts when they are out next week. I see the long term platinum production growth has been pushed forward a little with 200k ounces now predicted for 2020.
Great news re- dividend policy; should be a great hold to 2020 and beyond providing we don't get bought out!
The presentation worked for me this morning. Cash in banks gone down but it highlighted the strength of SLP position compared to ots peers and how undervalued we are. Thi shsould be re rated back to the 20's very soon imo. the once we cement the 60,000 oz per annum I cant see why we dont push on to the 30's.
Great news, that should help keep the wolves from my door when I retire. Be interesting to see what the ii's think of the news and whether or not it attracts attention from other producers. Lets hope the momentum is now behind us to get above 20p prior to the 1/4 results.
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