SLP
13 Jul '12
Cant even get 10,000 on IG markets. I predict IO news Mon / Tue
BaileyClarkPosts: 379
Observation
| Opinion: | No Opinion |
| Price: | 14.75 |
Price rise
13 Jul '12
More strange goings on in the wonderful world of Sylvania shares! At least this time it's in our favour for a change so here's hoping it continues. Found this article while searching for an explanation - relates to platinum output slump forecast in SA. Have a good weekend all.
http://www.businesslive.co.za/southafrica/sa_markets/2012/07/13/platinum-supply-seen-declining-on-sa-output-slumpleasPosts: 2,353
Off Topic
| Opinion: | No Opinion |
| Price: | 14.75 |
MRP
13 Jul '12
Volume is well above the average, but non of the trades look like institutional buying. Looks like there may be good news out there. Lets hope the momentum continues throughout the rest of the day. I will be interested to see what the NAV for SLP will be when the quater results are in. I suspect that they will be better than expected in a 'bombed out' sector.
MRPoissonPosts: 1,840
Off Topic
| Opinion: | Strong Buy |
| Price: | 14.25 |
Volume
13 Jul '12
Some nice volume this morning. Something brewing... back to 20p+ soon.........
Wilson22Posts: 220
Observation
| Opinion: | No Opinion |
| Price: | 13.00 |
Sp
12 Jul '12
Totally agree guys, want to get more. If everything is on track, there must be soon bounce due.
leasPosts: 2,353
Off Topic
| Opinion: | No Opinion |
| Price: | 12.00 |
Wilson
12 Jul '12
At this rate the MC of the company will be worth the same as what they valued the iron ore side of the business last year. MRP is right. Defies logic. Spot price of platinum has fallen, but it is still a precious metal. The large producers will limit the amount being mined for production so it does not exceed demand. The market, particularly AIM on prices in the here and now. We need the quarterly results to confirm the company is still keeping their extraction costs down and an update on the MRG deal.
MRPoissonPosts: 1,840
Off Topic
| Opinion: | No Opinion |
| Price: | 12.00 |
Wilson
12 Jul '12
Your not alone. defies all logic beyond belief. Crazy world of AIM
Wilson22Posts: 220
Observation
| Opinion: | No Opinion |
| Price: | 12.00 |
Sp
12 Jul '12
This sp is crazy, really don't understand it
BaileyClarkPosts: 379
Observation
| Opinion: | No Opinion |
| Price: | 12.50 |
MRP
11 Jul '12
The price of platinum has been falling again of late so that can't help but you have to wonder how much lower this can go. I'm also awaiting the trading update in the hope it will provide a bit of support. Longer term we need to see a solution to the over supply problem. Disappointing to read comments from Aquarius last week that they felt others in the industry weren't acting to address this issue as they had.
MRPoissonPosts: 1,840
Off Topic
| Opinion: | No Opinion |
| Price: | 13.00 |
SLP
11 Jul '12
Down again today... MM's allowed to drop the bid to 12.50 with no buying pressure whatsoever. Well, just over two weeks away from the completion of the IO disposal to be tied up. We should also receive a quarterly update to 30th June in the next couple of weeks too. Lets hope we get some positive news!