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jlp, ths and slp all down, so cant be pure order filling here, though think it is, strange with rho stuck at 14100 and pl/pt firmer
Yup and adding more .. good price
I am adding
Ive just re bought so itll probably tank now :(
Price of RHo is holding. As long as it holds than I'm in. No need to repeat the fact that the microchip wont last forever.
Chatmandu, This drop was expected after X-Div date
There's so many large buyers being let in through the back f kin door here it's hilarious. Always been the case IYKYK :)
Watch what happens when the orders are nicely filled for the quarter :)
Platinum in Dollars up 9.55% in the last month.
Palladium up 6.91%, reversing earlier falls.
For what it's worth, I don't think charts mean much for SLP.
The share price is too dependent upon external prices - ie PGM prices. This isn't a company with fairly static input costs and a set profit margin. It won't matter how many triple bottoms or candle patterns form on the screen, if the metal prices rise, SLP will rise, if they fall, SLP will fall.
We're still emerging from covid. The cost of living is rising in Europe due to energy prices and shipping costs. There is pent up demand for cars, but economic uncertainty and rising living costs may impact that. The chip storage continues.
I'm not expecting a sudden major increase in the share price. I expect it will continue to trade in quite a large range. The upper and lower limits of that range may have moved up a bit, but I don't think we're going to be looking at a linear increase in price.
I continue to hold.
Bangkok if you listen to the youtube results presentation, Jaco mentions mine life supply towards the end. Can't remember from the top of my head so i'll let you watch the Q&A and I think its long enough..
Not a holder anymore, in fact almost entirely cash at present, but always like to check on some old winners......One unique comment in that rather plagiarised report was the mine life/tailings....this hasn't been said officially in an RNS but "management" has said it to Edison while doing whiskey shots one Friday.
SLP, if you believe that the life here goes on beyond 10ish years then put it in an RNS with a probable. If you won't then it's crazy Edison using a 20-year term in the cashflow forecasts to arrive at a target price based on something someone said in the toilet of a bar or something like.
yep, looks like some order filling last few days
at 16.36 today 611,639@109.90
Definitely a buy, todays high was 106.5 and UT was 106
Thanks for the responses, appreciated! Just been looking at A rhodium article. All makes sense until the end and the forecast prices! https://www.google.com/amp/s/capital.com/amp/rhodium-price-forecast-will-deficit-lift-the-market-again
The price action is normal for a consolidation period(base) where the price moves up and down inside a tight range. The base is only two weeks old ; it usually takes a bit more time(4 weeks+) to clear out all the sellers(profit taking from lows). Growth shares are more like escalators not trampolines. The breakout to the upside will happen soon enough. With time, as the sizeable cash dumps into the coffers each quarter, this will will rerate to close in on the mispricing on this stock.
IC152 ... if it helps I find Simon thompson investors chronicle is worth reading his tips!
Hi ic152.
Don’t forget that we went xd for four pence last week so 105 pence today is 109 in “old money”.
Also, income investors may well have lightened positions a bit post xd date.
I am not offended easily Stoodio! The movement of SP on all stocks is fascinating, especially when it doesn’t make sense to me.
I have quite a bit of skin in SLP but also keen to learn more on investing, especially my SIPP. I learn partly by the differing views on here. :-)
All meant in the best possible taste :)
I think you may be right Nutmegmilk! Bit slow there.
I am adding if I can grab some more at 104p that would be nice!
I think he is been derogatory AF as fuc....... maybe lol
Hey Stoodio, what’s AF?
Yeah. Stocks go up and down. Weird AF to be honest.