Morning. Your either up early or work abroad like me. The plat market as definitely changed and if the world economies kick on and the auto sect improve we will be laughing. Im sure there is a lot of people that prob haven't got a choice but to upgrade the cars. Everything has a shelf life.
As for SLP I thought the later t presentation was fantastic. Really showed how undervalued SLP is and the potential. I can't see it take long for us to hit 25p+. Especially now we are in qtr 3 where I would expect us to be hitting 5000 ox per month. All the capes is currently over and we have 7 sod plants that will start filling the coffers. yearly dividend to look forward to and people forget potential left field news like sale of Harriets wish etc,
I got just a little more than that but it does send out the right signals to investors. Been trying to keep up with the general feelings of the unions and ANC in relation to mining companies. They may review their tax laws in recognition that labour unrest and pay demands have driven up the PoP. My view is that they feel 'stuck between a rock and a hard place' trying to balance investment, growth and votes. Not helped by tribalism. A situation that has to be monitored constantly by those invested.
I was initially a holder in JLP before researching SLV and sold up and ploughed the funds in here. Fortuneately I manged to sell at the 30p mark although I purchased SLP at a higher level than that! Agreed though, JLP is much more on the radar of investors than here and can be quite volatile. There is a risk of dilution though but not here....
AT - Re RUR - yes I thought the same and sold out over 12 months ago - though tempted to get back in for the special divi once the Gov'n pay up.
I wondered the same myself and 'contributed' a couple of thoughts. I came to the conclusion that quite a few of the pi's are gambling that the sp can be carried along on the reverse in sentiment towards PGM. I suspect that the swings in the sp will reflect that. Time will tell. That said, glad for those that have been invested for a while and hope they recover their losses.
Evenin' all. I don't follow JLP myself but just had a look at their board and saw there had been 36 pages of posts on it today. I know there's merger talk going on but can anyone explain why they have so many more followers in comparison to SLP? Would be interested to know why this is the case. Nice to see the share price holding up here again today, very promising indeed.
Hi leas, I too embarked on a game of number crunching speculation and came out with a combined annual dividend of 0.3p a share but as you say, what a difference a day makes and anything can and will happen. Good luck to you also.
Have you tried to work out the potential yield. I tried the other night using calculations based on conservative estimates. Your buffer should offer some comfort. I suppose you now have more options because of the recovery in the sp. Wow, what a difference a month can make. good luck with your other investments.
Good news re. JLP today our fortunes really are twinned with each other though I feel SLP is ahead with the business and JLP will be playing catch-up. I'm 75,000 shares deep which is 3x what I had originally intended (i'm either mad or have resolute faith in where the direction this AIM listed company is going) it's the averaging down that now means I'm sitting on a healthy 20% buffer. It'll be interesting to see what kind of dividend that brings me.
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