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$5m is about all you can expect here for Q you will also see they probably cut back on Cap ex as that is $3-4m a quarter and not included in this AKA very little free cash. A reason why no buybacks have started again i'm sure. The time here is not now.
...should look rather a lot like Q1 profit, bar adjustments. Once it's out, do the brokers and the Investors Chronicle guy adjust their forecasts? This continues to trade on an ex-cash forward PE (given current basket price) which is significantly higher than it has been historically.
Considered SPPP but with the FX charges and different time zone, decided the beta and dividend here, was worth a starter position. Will add again if we get a recession, industrial metal sell off or general market sell off.
Do any long term holders here, have investment preferences to get Beta to PGM prices, that when compared to Gold and Silver seem to have asymmetrical risk reward profiles. PHPT, PHPD, SPPP etc.
But I bought back in here today!
I previously bought in sub 7p, to go on to sell at 12-14p range(still find it hard to forgive myself)!
Gla.
So far the company showed exemplary stewardship. whatever the weather, good captains sail their ships successfully.
Been tracking these…expect a significant jump imminently
Https://uk.finance.yahoo.com/news/palladium-surges-12-uk-sanctions-170805942.html
Precious Metals up 5%
What's the divi going forwards me wonders...
On HL dividends were reinvested today. That probably explains it
It is more realistic to work with existing infrastructure first, esp at the levels we depend on it.
See Warren Buffet's thoughts on this matter.
The low hanging fruit is with tighter emission controls (not just cars, but also power stations and industry) and near zero carbon synthetic fuels (these are tested in aircraft as we speak).
Claiming that toys with a huge upfront carbon footprint are the solution, is irresponsible.
Cop 28 has failed (once again) to ban fossil fuels suggesting catalytic converters will be around for sometime yet.
Not news to anyone here already probably but enough to get other people looking for how to invest following this.
Something's cooking with the SP this afternoon, nice rise. Not complaining.
GLA
Mr Rocka999,
I understand it is the charging temperature that is critical (the discharge or operating temperature is less of a factor).
From my understanding:
lower temperatures (whilst charging and discharging) reduces the performance of the battery whilst operating at those conditions - and then under normal conditions the battery will revert back in accordance with the life status for the battery. Lithium based batteries cannot be practically charged below 0degC as current needs to be small (so central heated garage maybe required) .
Elevated temperatures (often defined as +40degC) I am led to believe charging batteries at elevated temperatures may result in a possible irreversible reduction on battery storage/capacity. From reviewing some specs (Lithium laptop battery and others) this could be up to 20% of the total storage capacity. The other point I have noticed from certain specs - this behaviour could result not from multiple charges at the elevated temperature - but from a single charge or just a few charges at the elevated temperature.
In comparison to petrol fuel cars - consider the following:
In winter - consider the car has changed to a smaller fuel tank and you use a narrower fuel hose to fill it !
In very hot summer - consider dropping a few bricks into your fuel tank and they can never be removed.
My thoughts are - main concern would be the irreversible drop on charge capacity from charging at elevated temperatures. Even for a climate like uk - it actually reached 40degC the other year - then everyone will also need air-con units in their garages during overnight charging. Please don't ask what to do if not got garage!
I attached the following link - which I think has lots of the points mentioned. It be a nice little research project this - as there are so many devices now with batteries.
https://batteryuniversity.com/article/bu-410-charging-at-high-and-low-temperatures
This is the time of year when you find out electric cars are probably not the future ............
This is a great company and has made me a lot of money, but I am still a bit sceptical about the future of catalytic converters and electric cars!
10% rise
Precious metal prices up ++
Gold now $2,030
If platinum went up 100% today this would increase the net profit here from $19m to $38m, If Rh went up from $4k to $8k today it would be $32m. Still just 30% of what it was making in 2020 when the share price hit a high of 150p....Fundamentals matter to investors and to prospective buyers. If this had more cash in the bank than its cap or was trading at sub 50p you might get more interest but it's not. All you will get now is see-saw range trades.
Buyers like companies with no debt and a large cash position.
Growth to come.
SLP ticks the boxes.
Look at Wheaton group and what they have been buying in recent days in SA....
Is $944 and is still going up while the SP in here is either flat or kept down.
The EV bubble may be fading as supply exceeds demand with slowing global sales CME: Lithium prices have fallen by about 75% while cobalt is down by over 50%
https://twitter.com/Mayhem4Markets/status/1725429695884259466
Good morning.
I agree on FCF. I would've thought bottom line Q2 is similar to Q1 if the average basket price is similar (which it is for the quarter to date; Rh marginally higher, Pt and Pd marginally lower). Perhaps I haven't understood the revenue adjustments. Anyway, you think 15-20m for the year, I think 10-12: either way, I don't think this is a buy....yet.
The whole natural resources and energy space is a good buy I think. The green lobby seem not to understand that wind, solar and the laughable EVs are....whisper it.....made of stuff that comes out of the ground.
CYB, I would say $4-5m q. But the cap-ex is capitalized and it's $15m pa so cash build is actually not much. SLP needs to conserve cash until the basket price rises substantially.
Gold and other precious metals surging. Rhodium too most likely.
Tipped as a recovery buy last week based on the recent investments...
Nice to see Mr Reynolds adding today although Rh pricing still remains uncertain for now