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Also bid offer is the same to buy as to sell very strange mm competing for stock.
so SLP's market cap now exceeds THS (at the moment atleast). This is a crazy buy signal for THS and I have taken this opportunity to add more.
Slp and Ths reminds me of the dance between Cey and Hoc, when one shoots up as the other treads water, then the other plays catch up. Hoc was behind Cey a year ago, then rose to nearly double, now only 60% ahead, and falling maybe back to parity as Cey does its rising which has just begun. Shares like these go up not like elevators but stairs. So as others have posted ths short term movements and comparisons are just noise. Ths has been on this stair for a while, I expect it to shoot up to the next and play catch up with Slp’s recent rise soon.
I am hoping for a nice sustainable rise once FIL have cleared or whoever else is behind this SP capping.
I am also expecting a nice dividend of 4.5p to 5p to be announced in the interim results and a further 5.5-6.5p as a final. That would be a good 7% based on today's SP.
May have a few more over the next few trading days just to round off the holding.
I’ve not been watching the sells that closely but I don’t recall seeing many of that size. Could this be the final batch being let go? Fingers crossed. GLA!
It's amazing how well the price is holding up against FIL's large sustained selling.
One thing is for sure, when it does end, boy are we off.
Big sell - 910,000 shares - just printed.
It will be interesting to see how this trades tomorrow. Are the brakes off, or are there still more shares to soak up?
L2 now 1 v 1
They have marked the price up on a high uncrossing trade last evening and that before, which has enabled them to show a red price once trading resumes in the morning.
It's 2% up on the ask today yet still the price is showing as red, makes you wonder if there is a rason for it....
Been watching L2 and attempting to get a feel for the way mm's operate on THS. Every stock has a different pattern . I was particularly interested in who the lead mm is, and if they were handling the Fidelity sales. It's a bit more difficult here with the very low NMS and the very low volume, but thing look like they are beginning to stir. Currently L2 1 v 2.
Or even this year Ragnor - a steady increase and up 18% already this year.
Now buying at 149.40.
Opinions? Is this finally the start of a break-out, or just another head fake? Are Fidelity done, or is this just the market-makers looking for volume?
Its easy to get frustrated by the slow SP movement but look at the SP from April 2020. That is a magnificent, low volatility, steady uptrend with only one brief 10% correction after putting on 75% in a month. Any minor dips have been bought into almost immediately. We are poised here with an incredibly low valuation supported by record basket prices and an unbelievable cash flow yield, the complete opposite of the rest of the market which is starting to look a bit frothy in places. All this despite huge churn over the last few months, where have all the shares gone? We are an impatient lot but just sit back and enjoy
i have an easy finger in the air target (which will be broken through no doubt) of £2 for slp and £3 for ths, no analysis just what they will both reach within 18 months or less
once my mcro stuff comes to fruition will add more ths if stays here.
but, as stoodio predicted and i agreed with, its ok just looking at gentle share prices, then one day you wake up and ths are 180 and we all said well that was obvious.....
it just takes time for mkt things to unwind
and each bday rhodium is very high, almost half way through the quarter (for slp anyway) so always next quarter to look even more fwd to
Agree TopTiger,
SLP is having another run after good results and the ST article this week. He has already mentioned THS so it is on his radar and after the end of May results will definitely be more on his radar.
Still have the Fidelity sell to contend with but they have been selling since late last year and the SP has done pretty well since then even with that.
By September I hope to be looking at the 150's firmly in the rear view mirror.
highanddry,
am in similar position, but take a different view
ok, so most are in both so we can grin at the slp rises, great company etc
BUT
ths will get there in the end, just not on our timeframes, but we know it will happen, going by slp rises
and there are very few shares where you can see the future, and be allowed to build a position at your leisure.....
and at some point the likes of simon thompson over at IC will switch his attention more to ths i think.
was also a fan of cey, not really anymore.
I was just about to post something similar on the SLP board, but guess here's the appropriate place to vent. My largest holding by a long way is still SLP, but I've been increasing my THS and JLP holdings substantially recently having been burned being overweight in CEY last year and finding myself even more overweight SLP this year. It's certainly churlish to complain when it's sitting near all time highs, but I wish I'd stuck with SLP so far. I can't understand why it isn't reacting to the PGM prices like SLP and JLP. I guess it's the growth trajectory of SLP favouring the management of SLP over THS. Making similar profit from much smaller base is a pretty good recommendation. But it's getting increasingly difficult to justify, it's tempting to rebalance, but SLP just keeps out performing. I guess diversifying inevitably means something will underperform relatively, another investment psychological barrier to overcome. I should be happy they're all doing well. Wish I'd stuck it all into Ethereum now as well of course.
The narrowing gap between SLP and THS market caps makes me chuckle. I have sold all SLP and bought THS for good reason. SLP LOM is 8 years compared to 14 years open pit +40 years underground for THS. SLP has higher net cash by c$57m as at 31 March 2021 but not investing for growth atm and with no clear direction to what they are going to go with that money. Whereas THS is spending c$50m this year to increase their chrome capacity. It already produces 1.6 times the PGM compared to SLP, has a higher Rhodium split and will go on to produce PGMoz in the next 18 months. THS is more diversified than SLP. Since both of them operate in the same jurisdiction, THS atm is a much better investment than SLP, all imo.