Morning all. Blimey, what's happening with IRON? I see there was an RNS today showing Odey has sold around 4.5 million shares and the share price is up strongly again. No announcements from the company itself though. Feels like the good old days having shares that are going up in price rather than down.
Difficult decision to make, both companies are very much undervalued. I see IQE have done well today, and of course IRON. Amplats are doing a strategy review next week and likely to mothball a couple of mines. They may take out 200,000 oz of platinum from the market. I can see the Pop overtaking Gold again, but precious metals are def back in favour. I can now see some light at the end of the tunnel. Enjoy your evening.
Very tempted to top up again here. Have a feeling that things could take off soon but would have to sell some of my POG holding to free up funds. POG is due to update sometime in January so any good news could send the shares up. Difficult decision but sometimes you have to change horses to win the race. Ironveld is absolutely motoring at the moment - unbelievable. The eurocrisis seems a distant memory at the moment.
Pop currently trading $1620, gold has spiked to $1675. Looks like precious metals are back in favour. That cash pile should be growing nicely now on the back of production. Lets hope any sp north is gradual and steady. Stay under the radar for as long as possible. Good response in sp today in JLP, not to mention IRON. GLA
Love the idea of the platinum coins to solve all debt problems. Reminds me a bit of that film where the chap had a million pound bank note which he couldn't spend anywhere so got everything for free! Personally I'd like to see Platinum marketed more widely as jewellery as an alternative to gold. People these days seem to want exlusivity and to stand out from the crowd and platinum would fit that bill. We just need one of those US rappers to change his bling to platinum and we'd be minted.
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