George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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The bizarre thing with the Mello bash was that Bruce didn't even mention Rhodium or Iridium, it was all about Platinum and having lower costs than the larger producers. Bruce was once again the weakest link on the panel imo. It was actually Jack who introduced Rhodium into the debate. Where you detail he speaks of all being aware of SLP I think he would mean all stokopedia subscribers and he is probably right as he and stockopedia have brought it to their attention. I'm sure the majority of Advfn and LSE users won't be aware of the metrics available here at the more than reasonable price
Apologies.
With "their performance is measured" I meant the pundits, not the company. To be clear.
Don't get spooked out of a good position. As more people want in, it is in their interest to do this as low as possible (as is mine).
mra1984
"(1) These twits from conker's corner - they keep tweeting out this rubbish without even fact checking, listening to there podcast where they think SLP is risky just because the share price has gone up a lot and then start talking about platinum a lot...ok weird, no knowledge or mention of Rh and Rh market deficit"
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In principle, this is correct. As the price increases, especially like in this case, so does downside risk.
But that is not telling the whole story. Looks at the quality and value ratios and it's extraordinary. And now momentum comes into play as well? The valuation is ridiculously low. To keep it simple, the sector average is PE 15. Never mind any other objective measurement.
Their performance is not measured in the value of wealth they contribute to their readers, but as to how many people continue reading their musings. Not quite the same. And yes, there is a bit of a contrarian play with SLP, but that's exactly where the fun begins ;)
Happy holding.
So someone rains on the parade. And?
Seriously, so what? If that manages to convince people to part with their share in a fantastic business, then the opportunity we should welcome is to say thank you and purchase what they are so willing to part with.
People buy and sell for all sorts of reasons. I was never too bothered finding out why. But when the sell sentiment overweighs and they part with one of the best propositions I know, then the only thing I regret is that I never know who these anonymous entities are so I can express my gratitude.
So, everyone. please do sell your stakes in this company. You will have a grateful buyer waiting for your unwanted shares.
Yes, mra1984 - I've been reading similar too.
I call it the unused to success syndrome.
Something not exclusive to others but ourselves too. Take myself for example.
I made a complete and utter mess of topping-up last summer/autumn and achieved NIL top-up's from September up to currently. So maybe after my posts below, March might be the perfect month for me to place smaller top-up's to try and break the duck as placing too high a top-up can induce such anxiety?
My inability to achieve top-up's and those reports by the writers you highlight is the same disease I reckon. Too much prior failure induces recency bias so leaves us unprepared for when success and opportunity comes knocking.
If they have influence as you claim, then like another poster further below - then bring it on :) I need those top-up's before the SP travels any higher.
there is some annoying people out there starting to put a downer on SLP which is frustrating as if we are going into a 3year min period of insanely strong Rh prices then SLP should be beasting it!!
(1) These twits from conker's corner - they keep tweeting out this rubbish without even fact checking, listening to there podcast where they think SLP is risky just because the share price has gone up a lot and then start talking about platinum a lot...ok weird, no knowledge or mention of Rh and Rh market deficit
(2) Jack Brumby from Stockopedia keeps spouting on how everyone knows about SLP so it must be no good because everyone is in it apparently, what?!
(3) Steven English - guy from Stellar Asset Management who knows diddly f all about mining saying costs will go up on mello when SLP themselves have them going down on a two year outlook
I'm sure SLP will be fine but it's annoying as these twerps as massively influential and spouting this stuff all online, particular the conkers corners guys are the worst. They go on and on about share ramping if the share isn't theirs but then shares they own like Duke say, they tweet all day about but that is ok but that hasn't risen a lot yet. Like they are not successful investors it seems at all... they both totally ignore momentum and market dynamics.
Well would you believe! Not too shabby all the same :)
Stoodio
I have 120.5.-. Regardless, it was a rather good call and legitimately in range since it even topped that intraday.
How accurate are your bets?
Best (and enjoy the glory)
London stock exchange has the closing price at £1.2456. Anyone got an alternative close price?
If it is the above, then I’m sorry for misleading everyone and being a half penny out ;)
Whatever the 'conflicting views', taking a look at the fundamentals one sees exemplary ratios and returns. 30%+ ROE, negative debt, huge cashflows, a ridiculously low P/E and a PEG of 0.065 TTM and 0.2 forward. If this doesn't scream value, what then please does?
In the bigger picture there is a strong demand for Rhodium going forward for the next few years, Platinum demand is expected to grow due to the rollout of hydrogen cells (amongst others). Let's not forget about Palladium which is frequently used in organic chemistry due to high functional group tolerance.
And someone is covering their backs? Seriously?
Right now the case is so strong that I am treating SLP like a high interest savings account. Looking forward to the dips. Thank you Mr Market, I sincerely hope you panic more often.
https://www.bnnbloomberg.ca/commodities/video/conditions-may-be-ripe-for-a-precious-metals-super-cycle-commodity-strategist~2148255
More comments re cyclical overshoot in commodity prices. It sounds like the analysts are trying to cover their arses by holding divergent views at the same time.