Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Same thinking Art-trader, If it is $30-50m profit every year it is doing better than most in this cesspit of a market.
Smart money will keep buying every time this becomes undervalued to take advantage of the dividends.
I would settle for that!
I called the rebound today on outside matters and really do believe that most investors here are worried about “what could go wrong” We made $100m last year on a spike and next year it maybe $50m … a 50% drop by…. Will be reported but really $50m net profit ? think about it and then look at your other investments … I think milking the cow every day is the way to go and when we have double the cash in share value let’s just pay ourselves out and go on holiday… it could be sooner than we think
Lack of workers during the pandemic caused shortages in the chip industry which caused the car industry to shut down production due to NO stock on a Just in time Industry. General motors shut down and the US Government got involved and have opened new Fabs to ensure this doesn’t happen again. USA have invested billions. China in the meantime warned against manipulation and then wanted to control/invade Taiwan for theirl chip industry. India meanwhile are invested too… it takes time to build the new fabs but everything will be back on track in the new year. This is the reality and demand will be amazing for PGMs … BUT when other factors such as speculation into futures are shorted it makes a mockery of demand BUT (another big but) means the shorters have to buy back and the new FABS need PGMs . The book orders for new cars are growing and something has to give and I think it’s going to be a mighty explosion. We know there’s a shortage of cars and when you put all the parts together there’s going to be a mighty Elon Musk sell off of his own shares while he piles into PGMs
We should be back to £1.02 tomorrow for starters .
All the big car manufacturers have had to severely cut back on production due to a lack of chips. This was largely their own fault as the lack of demand for vehicles during the pandemic caused them to cut back on chip purchases. The chips used in cars are pretty basic (i.e. well tried and tested) and not so profitable for chip manufacturers, hence their reluctance to retool production lines for car manufacturers post pandemic. I don't know how or when but I am certain that in the future the auto industry will never allow itself to be put again at such a strategic disadvantage.
Today's rise may have been due to Liberum putting out a note saying the sp should be 36% higher. Personally I think that when the auto makers get on their feet again, it will be a lot higher than that.
As for reading material I find that mining dot com is a good source for all things mining. It certainly covered the political shenanigans in Peru and Chile. GLA
The World Platinum Investment Council said yesterday jewellery demand was expected to increase 13% year-on-year after a 13% drop in 2020. Overall demand for platinum was set to total 7.9Moz in 2021, resulting in a market deficit of 60,000oz, the council had said earlier this month.
Hmm, am I being too negative! I have been through the mill with SLP a bit and I just can't get my head around how it should be valued with so many variables.
Can't say I minded the rebound today though. That made me happy!!!!
Lol ic52 … you seem so wrong for this share chat ….must be the agenda … gl with whatever
Artrader, there are numerous reports on the surplus of platinum being higher than ever by year end. I hope you are right on the Jewellery! Platinum seems out of place at half the gold price but still a surplus
Hochschild (UP - + 20% today) has now almost FULLY recovered from the Paddington Bear mauling it took and I think we'll follow suit here as confidence is restored and the rule of law has returned. Nothing more to fear here even Platinum Jewellery is making a big comeback for Christmas I might scrap the Mini and convert the catalytic converter into a necklace.
If the company has no debt and keeps delivering year on year good return on capital employed. Institutional investors will keep investing, dividends will keep coming and share buybacks will influence the SP not month to month volatility in PGM’s.
Many trade on the Volatility but sometimes holding for a longer period in a good company will show the true value.
There is a book called 100 baggers online that you can read as a pdf. I would recommend it as it has helped me become a longer term holder without panic when things go down 60-70 percent.
Thanks what website did you use trying to expand my horizons (a google search will obviously find it but why not ask at source)
One of the reasons for the recent drop was caused by Peru putting the fear into the mining world having told HOC to pack their bags. Their shares tanked 75% and sent a wave of selling throughout the world after all if could happen to HOC then what’s to stop other countries from breaking the rule of law? But now the Peruvian government have clarified the situation and restored order. All miners should recover today including the darling of them all.