The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
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I learnt from past mistakes and now always carry a little extra cash just in case:) Carpe diem!
We finished strongly today and within touching distance of penetrating the falling line of resistance. With a decent thrust the tight resistance should fall and we should be well out of the bottoms, and ready to enter a new phase of price action.
All I can say incredible opportunities here, who needs a gold mine ....when the future has a silver lining ... full body all over
Had 3 good days on the trot - hopefully a 'happy ending' ...to the week...
Let's see past this BS SP by close of business tomorrow please. She want's 95p BADLY. Not the masseur that is... haha
Yeah I had the options of a fluffy finish but was sh ! t out of cash :)
I'm booking a full body massage for tomorrow -- albeit a regular type.....
£1.40 December 31st, 2021
£2+ December 31st, 2022
Marineclark, I had a great full body massage lastnight :)
I also did some deep crate digging into the chinese dark web lastnight and unearthed some startling news regarding new electric vehicle manufacturers!! Absolutely startling!
They key takeaway was nothing short of mindblowing :)
The propaganda we're given does not tell the true story. The fact remains that regardless of chinese government support for the EV manufactures. Did you know that over 300 'lesser known' EV manufacturers and production houses have gone bust over the last 3 years? While demand and output (sales) of EVs is till only forecast to be 'up to' 10% of total sales by 2030, the demand for PGMs is only set to surge to highs we haven't even tipped the scale of as yet.
Buckle up and enjoy the f88king ride :)
Happy with any upward trend :)
Stoodio, I will be enjoying the fruits of my labour(putting my feet up) in three-six months just like all holders here who bought at these prices. The great thing about this share is that it mirrors the prices of PGM, which is easily checked, so it is easy to work out future earnings as the ounces sold is fixed at 70,000 ounces annually. Chart wise, still some a bit more work to do to break out of the down trend, but given a enterprise valuation of peanuts, i.e 2 times net profit, and in six months 1.6 times net profit if prices stays the same, I can confidently call this the bottom. I'll will be treating myself to a massage in six months, when the price doubles from here.
Velo, i sometimes get the feeling that nobody sees SLP the way I do. Patterns. Operations. Newsflow. Then I ground myself and inform myself that I'm no better than the man next door.
Watch this (like you won't be!) October and November. DOMS.
:)
" A paltry £1.20+ to start within the next couple weeks will do. "
-----------------
Yes :)
Pulls on party-time bald-head cap and commands: Make it so Stoodio!
Halespur - my Rh data is taken from the Johnson Matthey site. In general they all rise and fall within reason of each others platforms, so if JH have Rh rising for an extended period (7 days so far) It's more than probable that all sites are rising in unison albeit with slightly different specific numbers as each platform deems. So the general thrust direction should tally wherever you look for data. It's beneficial to use the same source data in making evaluations and not use differing sites on each update review, though.
The SP swings and spread here is just criminal tbh. Games. 95p paid. Next sell 89p.
5% spread. F88k outta here.
According to the professional report dated 27th September Rhodium is at $15750 in the past week not $14500 today
Boom time baby - let's get back some form of normalcy here please. A paltry £1.20+ to start within the next couple weeks will do. :)
That’s 7 straight-out trading days where Rhodium has risen consecutively to today's $14,500.
Now that's a trend :)
Took its time to feed through to the SP, but clearly the market is trying to establish a suitable SP area whilst these chip conditions brood over all.
A few on here maintaining that the chip condition will ease sooner rather than later. (I hold no view on that).
However, if that view is to hold water, then there are some way-markers in Rhodium's back story, that will have to be overcome first.
Can't get any decent tools on Rhodium because no one's platform is supporting any algo's in it. XRH0 has them in spades, but it's not quite the real deal is it? So will have to eyeball it, old-school-style with Swing Lows and Swing Highs.
Each old Swing High represents a defence (resistance) force that will have to be overcome before the Rhodium price and hence the SP can travel up further without hindrance.
First up is quite a weak-looking Swing High (not really a Swing High) and that was on 13th Sept @ 15,250
- Note, that's the first target. Get an assault force team on it.
Next up is yet another weak resistance at 16,850 on 8th Sept.
Now those are easy-peasy take-downs. Regular troops could tackle those. So if the SP stumbles on those and pulls back, then the case for an early recovery recedes.
Suppose Rhodium does take those down, then now special forces will be needed as the 1st Sept is the first true Swing High sitting @ 17,600 on the 1st Sept.
Take that down and all hell breaks loose, so air cover will be needed from there on in.
That's because the daddy of all mean-spirited murderous terrorist resistance lies in wait @ $19,000 - a month long (August) strong support level (now reversed polarity to a resistance level).
It's that level that could likely stop any advance, and hence any further SP increase.
So, to sum up:
15,250
16,850
17,600
- are dead easy. We're at 14,500 tonight. Spitting distance to the first target. Time to get real disappointed if the front line troops get their Rrrses kicked back by any of those grannies.
19,000 is where I expect serious big trouble. Take 19,000 down and there's a box full o' medals waiting.
But 19,000? Remains to be seen.
That's where my doubts lie.
You have your orders. Now mobilise your troops - and move 'em out!
The goalie has football pie all over his shirt
https://www.youtube.com/watch?v=JJNLVT2luxg&ab_channel=HighlightHeaven
watch and marvel.......
Paltry volume today and look what the SP is going. IYKYK.
Tiger, yup. And he's been doing it for 3 years. Absolute GOAT. Man needs some respek on his name :)
in the meantime anyone see justin tuckers game winning kick against detroit last night ?
Rhodium up a smidge again :)
Ker ching.
Fishy, I think there is still a deficit of Rhodium of about 100,000 ounces in the supply chain, so as the microchip shortage eases from October- Liberium believes it peaked this month, the price of Rho should rise again, which it has been doing, bouncing off a bottom of $11,250. I dont know what the lag is between Rho prices and SLP share price, but as the Rho price continues it upward and sustained move, SLP's share price will no doubt be returning to the 100p+ range. After all, £80+ million in the bank projected for next year is serious dough. I think the lag has to do the the sale pricing of RHO, as I think it is calculated on a rolling month or quartely basis, not the spot price on the day it was sold, although thats my guess, so the rolling month/quartely price will show price lag because of how its calculated.
If the automotive chips shortage is forecast to end Q1 / Q2 2022 then I would expect that the automotive industry already has visibility of their delivery pipeline. In that case they will be placing order for all the necessary component to match this uplift in production.
My guess would be that the cat suppliers are already in receipt of these orders and will be utilising their PGM stocks / ordering more to meet the forward demand already.