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even the old faithful coming under pressure today
A fairly solid new base being formed here id say, happy to see it with all the crazy shiz going on in the user markets/picture. And oddly, rather out of character for SLP :) Times have changed for Sylvania Platinum...
You beat me by 0.02p. Not sure what difference that is, not a lot. Look forward to some more great analysis (in upwards direction that is).
" And I thought my 118.77 was good today. "
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Mark - Yep, just rechecked, 118.75 @ 13:34pm
Luna - Don't get me started on what's wrong in the balance sheet :) LOL !
- I'm interested in the future, particularly after the annual results are published in October (Year closes in May). Will be attempting to work out a reasonable price, difficult with nothing but years of increasing losses - nil earnings! And not paying anything until the SP ceases catering. If I put on the forum what computer bid I'm contemplating, - they'd lynch me as a deramper :)
One or two a bit touchy on that forum. They sound a bit like that JLP chap on here the other week.
Hi Velo,
ITM has an operating margin of -3,031.62%. I'd rather top up SLP at 118. At least they have a business.
And I thought my 118.77 was good today.
" H2 powered fuel cells "
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- Coincidentally, after that XRH0 business, that's where events have led me to, and in particular now looking at ITM, which I see mentioned below.
Looking like I'll take a small stake, in the near future - but on my terms, SP-wise.
Just had to take another top-up here @ 118.75 just now on top of 122 a couple of weeks back. Much happier with my holding now which has moved up from underweight to balanced. Open to further top-up's until July 1st.
Only thing is my beautiful worry-free 49p average is now in the 60p's.
- Which is pretty much where I started approx one year ago.
However there's an old auto-computer bid lurking at 115 if the SP dives any further :)
Metalsdaily $30k, a great thing to see.
H2 powered fuel cells are certainly this years' buzzword. Unfortunately, this space is so immature that it is difficult to see where this is going or whether this is going to take off at all.
If it does however, then that would be a nice cherry on top of the cake.
Reminds me a bit of the investment I made in Apple in 2005....
XRHO is only for those that find base jumping a bit boring, and punching hammer head sharks in the eyeballs as a last year's fun game. Everyone else is in SLP/THS/JLP/FXPO/ANTO/RIO/GLEN/BHP/UUUU/ and other metals.
The metals Yellowcake as in UUUU Uranium Energy Fuels Inc UUUU:ASQ is up over 500%+ in the year and is not going away. Unfortunately (imo) nuclear will always be an omnipresent factor.
Hi Velo,
I had no problems selling, the price offered was always as shown and was always offered. The only thing I’d point out is it’s a CDO backed by physical rhodium. The JM comment about illiquidity will be if you are actually holding a physical lump of rhodium in a vault
Thx woody
" (On Fiday, JM's base price rose far, far, higher intraday from opening to mid day than XRH0 did). "
For clarity:
(On Fiday, JM's base price for RHODIUM rose far, far, higher intraday from opening to mid day than XRH0 did).
Darrenp - Did you have any difficulty when it came to selling XRH0?
As the Johnson Matthey page reports, say that due to Rhodium's rarity it can be illiquid when trading, in that it's easy to buy, but can be difficult to find a buyer when you want to sell.
XRH0 my be a different case though when it comes to sellling.
(On Fiday, JM's base price rose far, far, higher intraday from opening to mid day than XRH0 did).
Total expense ratio amounts to 0.95% p.a. The ETC replicates the performance of the underlying index with a collateralised debt obligation which is backed by physical holdings of the precious metal.
I didn’t have to pay any additional storage fee as such, fees were taken just like any other etf/etc. I moved over to SLP in 2018 because ii wouldn’t allow me to buy xrh0 anymore and also HL who I also used back then wouldn’t allow to trade it either
Re SBSW & Hydrogen - I believe SBSW have just signed a strategic partnership with Johnson Matthey (JMAT) to provide materials for Green Tech research, both might be a good addition to a portfolio?
Re Full moon & equinox - spookily it was also a Triple Witching day on Friday!
Darren - Not quite so.
HL (my SIPP provider platform) say that, and won't let you trade them at all.
But in my AJBELL ISA acc there's no problem at all and they provide full and useful documentation too. Was going to phone them today to enquire about fees in this instrument as you have to pay storage fees for the physical storage costs of bottles of Rhodium. And as it's an ETC (like an ETF) won't there also be annual fund management fees also?
Haven't checked with my other ISA provider - iWeb.
Also need to check with my IG acc too.
" The last 52 weeks has been brilliant, but I'm always left with a feeling that there's a reckoning to come as things have been too good whilst COVID has been causing havoc. "
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That's a feeling many must be fighting to dampen down too.
Only problem with XHR0 is that there’s no kiid document so your platform won’t let you trade it. I purchased some of these for approx $60 in 2016 but sold them in 2018 when my platform wouldn’t let me buy them any more.
of the following green/Hydrogen shares (most with Platinum usage, not all) have gone down since the same point change of 1st Feb 2020: - Nel Asa (Norwegian), Powercell Swede (Swedish), Mcphy Energy (French), Ballard Power (Canadian), Plug Power Inc, AFC Energy, CWR, ITM, PHE, PPS. I was in all of them at various times, some I exited too early. Now I'm mostly in metals which still have more to come. The last 52 weeks has been brilliant, but I'm always left with a feeling that there's a reckoning to come as things have been too good whilst COVID has been causing havoc.
Fuel cells have been around for a noticable amount of time (late Victorian). NASA is using them with great success since the 1980s. Previously, the high Platinum content made them not so practical to use in consumer-space, but recent developments by Siemens/Bosch led to designs that required substantially less Platinum than initially thought and made the proposition a viable alternative to EVS.
Arguably, they are amongst the leaders in that space
www.bosch.com/stories/fuel-cell-stack/
www.siemens-energy.com/uk/en/offerings-uk/hydrogen.html
Indeed, as these develop demand for Platinum would be expected to increase unless the solution for catalysts changes completely (rather unlikely in the near future).
It's not the reason why I'm in here though, but I would not mind that extra bump :)
The reason I started building a postions a few years ago is because I see a superbly run company at an incredibly low valuation. Situations like this don't come up too often.
Just randomly checked, C/Kai
- Surprised to learn that the general top 25 Income ETF's pay massive dividends from 5%+ to 6/7 & 8% dividends. Obviously risk there as in all high divi paying instruments.
"I mean for physical ETF's, and also they dont pay a dividend while you hold either do they?. ..
where as a physical ETF is just tracking the commodity price up AND down at current levels isnt it? "
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Well, in essence yes, but it's a sort of Warren Buffett's lazy man's way to investing as he reckons the average investor fails to match the indices average.
Income ETF's do pay a divi's though. Accumulation ETF's reinvest the divi's back into the fund. You have to decide on which at the outset.
Not an ETF man (nor ETC either) so don't quote me on ETF's :)
Thanks for the informative back story TigerBTTail, on the Hydrogen economy.
Have now managed to dig up a sector containing 168 US listed stocks under the sector heading of: "Renewable Energy" containing the 'bad boy' stocks you mention.