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It has been the 30th January more often than 31st January, and one year it was 28th January!
But it's never been Feb 1st or later.
So, maybe a slim, outside chance, it's published tomorrow morning instead???
Bring on Monday :)
All three PGM prices up today, platinum by 2%.
Aww :(
Hi Velo!
It's a little bit libellous to put in writing if I am wrong.
Suffice to say, if I'm right it wouldn't be good news for EUA's shareholders.
800 posts earlier?
- Neah, now 1600+ toxic posts so far today on the EUA board.
" I have a theory about what went on with EUA. "
-------------------
- Go one, spill the beans. Let's hear it :)
The "joke" was that this heavily promoted Russian palladium explorer, with a Russian C2 resource of 2m ounces and a "target" of 15m more, was at one point worth more than SLP, JLP, and Tharisa combined, with enough mcap left over to buy PAF and HUM as well.
Only on AIM, eh?
Having a mere two decades of experience of business in Russia, I have a theory about what went on with EUA. Time will tell if I'm right.
Anyway, sorry for wandering off topic. Back to SLP - a thoroughly reliable and undervalued debt free cash rich PGM producer.
Tiger, I know nowt about EUA so really should shut keep my trap shut (800+ toxic posts today alone & rising rapidly on that site - and all of them burying hatchets in the back of each others skulls).
But I find its balance sheet an easy read. It's illiquid.
Don't think it can meet it's debt obligations/bills a moment longer. It has almost no cash on hand the highest net debt ever in it's history - I'm betting with high certainty it will file for insolvency imminently. Whatever is in the ground they control will be up for sale by the receiver. Just my blasé IMO :)
Hi Stoodio!
Talking of instant 50% drops, that's what EUA has just gone and done. (RNS on key insider selling shares).
I mean, it had to happen. And, IMO, the drop still has some considerable way to go before the shares reconnect with their fundamental value (I think it is about 3p). But still, I'm sorry so many people have lost so much money, even if they were foolish and naive.
Nice to see Rhodium price holding steady today after falling consecutively over last 5 trading days, still up over last several months. Demand likely to remain strong and forecasts for 2021 are good, which should further boost revenues and net profit for SLP.
Glad to be back in here again after being out for a short while! Managed to buy a good few at 103/104 this morning. Could not get any quotes below that price for any decent volume.
Amazing fundamentals and making stacks of cash. Hopefully a retest of recent 121p highs soon enough! Listed on Aim behaves like a FTSE.
stoodio
Indeed a correction by 50% is hard to conceive (it would need to be a similar panic we've experienced 10 months ago). It was a welcome panic though. Some of my holdings in SLP indeed halved and this was a welcome opportunity to add more. With a balance sheet like this one would be hard pressed not to seize such opportunity.
I agree with you and doubt this will happen again to these levels.
PS: It would be Camel Blue -- this is by no means a recommendation to buy them or an endorsement to smoke. But since you asked...
Tiger, understand your point, but it is now inconceivable that SLP shall fall to 27p again. Not happening. Unless somebody pushes the button in the biscuit. If there were to be a covid like correction however, then 70-80p is conceivable yes. But I think we are past that type of turmoil.
IMO, the only conceivable reason for SLP to drop by 50% is a major market crash, like back in March last year.
In a crash everything gets sold - the good and the bad - due to margin calls and forced liquidations. The last time round SLP dropped from around 65p to around 27p, so, yes, you don't need to get stoned to imagine that happening again.
Last time round I didn't own a single share when the crash hit. But I don't think I'll get so lucky twice.
Sorry have I missed something, who's talking about SLP halving in value here? And can I have some of whatever it is you're smoking?
True dat but the trick will be not to be in when it does halve.
Funny that... I am secretly hoping for it to halve during a correction.... so we can scoop up even more at discounted prices ;)
No Craig I don't think we will go to 18p or anything like it. I was just responding literally to your post. Truth is I don't know what is going to happen just like the rest of us but end of quiarter results must be due this week according to the key dates on the website and that should give us a steer. I am just hoping that there is a big jump before the big market correction that surely must be heading our way given what is going to happen to the economy going forward.
Price target of 145p? That's totally unrealistic!
200p would be appropriate. ;)
If people don't realise what a no brainer thing of beauty SLP is by now, you can't help them.
Hi OH
I tend to agree with you. It’s interesting to re-read the chairman’s comment on in the windfall dividend paragraph of the FY2020 financials. A number of us are quoted, including yours truly (a number of times!)
Best wishes
CYB
You think we are going to go below 18 pence!! That is ridiculous
Well we seem headed that way and I'd take an 85p divi! Not a specific to Sylvania thing just a general divi thing I've noticed.
If that statement was remotely accurate we’d still be below 18 pence.