Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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£2 per share, not me.
I can't help but think SLP remains a great takeover target in the real world for another larger that is also probably both producing a lot of cash at the minute and for which equity raising or debt finance are cheap and acceptable.
I honestly see this is a fairly likely outcome at some point. I mean why wouldn't someone make an offer of £2 a share for the business without the cash ( let the company declare a big chunk of it pre-sale ). Be interesting in a few months to see whether the board would recommend £2 a share and a return of say 25p a share as a dividend.
Stoodio, indeed.
Jumping off only makes sense once valuation reaches exhuberant levels. That's a long way off from the levels we are at. We would be looking at P/E's at least ten times our current level... at least...
" Velo, I have it around 2030 too. More than happy with 9 years for the board to figure out what they'd like to do next :)"
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When the abundant cash pile is often brought up I wonder if it's a war chest buildup for the long term future change of the business?
Whatever, in't old'n days when asset strippers like Goldsmith and Slater stalked the landscape, having a large cash pile was testament to putting out a sign saying: 'take me, take me' as bait for the takeover merchants, as Goldsmith was fond of asset stripping to pay for the takeover (and joke he got the company for free) hence the banks would loan him anything he asked for as he stripped lardy companies to the lean and mean category. Both asset strippers were hated but they did trim fat from companies that need sorting out. Some spent their cash unwisely racking up debt to make themselves unattractive.
So with few asset strippers about these days large amounts of cash isn't the same kind of bait anymore.
Luna, so long as that cash keeps rolling in I'll be riding this thoroughbred gun-ho all the way to Albuquerque, New Mexico and back many times over until she's correctly priced.
Where we at fellas? £1.38? Funny thing is, stick another squid before that to make it £2.38 pps, I be looking at that thinking "fair enough". That's where we at.
Velo, I have it around 2030 too. More than happy with 9 years for the board to figure out what they'd like to do next :)
Hi David!
Rhodium doesn't have a spot or a futures market - it is all directly traded between buyers and sellers. Thus, the true price is shrouded in client confidentiality.
The best way to keep tabs on it is via Johnson Matthey's price tables (search JMAT rhodium price), which are updated 4 times per day. JMAT are one of the leading refiners of PGMs (along with Heraeus and BASF), and what you're seeing is their "ask" prices. These are higher than the prices that sellers like SLP or THS will be getting, but they will reliably show you the way the rhodium price is moving.
I've never managed to understand what the Kitco price for rhodium is actually reflecting (in the real world). In moments of market stress (like during the meltdown a year ago) it can be wildly unreliable. Kitco prices are fine for platinum and palladium, though.
Current price of rhodium today is $29,200/oz (JMAT price), just drifting downwards slightly, and just under its all-time high of $29,800. Iridium is flat at its all-time high of $6,300/oz, and ruthenium (of which SLP seemingly produce a lot) is making a new one at $445/oz.
If anybody is quoting you $17,800/oz for rhodium, it's either as fake as a round of gold-plated tungsten pretending to be bullion or it's a buy!
Thanks Toptiger. You could well be right. I did get the impression that it is fairly lightly traded.
but i personally use metals daily
you could also use a quote of XRH0, db physical rhodium etf, which will mirror rhodium fairly well
david,
not sure rhodium is real time, prob has a few fixings during the day
tbtt might know
Does anyone know of a reliable source for this? Kitco seems to give only historical data, Matthey similar but very customisable. There are others, one of whom is quoting $17,800 per Oz which I'm praying is wrong! Google give $29,500 but when you click on the link (which opens MetalsDaily) the quote is $29,300. Any ideas on where to find a reliable real time price?