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Dunno what's the better option - stay or take certificate? What would I need to do if I took certificate? Should I register it anywhere?
Thank you Velo, interesting as always!
Nope, you can sell on opening and still be eligible for divi
Divi is 50c not 50p
More sellers than buyers, I suppose :)
Rising metals helped to rise on xd day!
Rhodium has just got back to 20k (Matthey)
Yes, totally, blame the western goverments, not Putin.
And stop panicking, you don't know how this whole situation will unfold, so far Russians are struggling and Ukrainians are bravely fighting - whatever plans Putin had they need to be re-adjusted. Occupation of Ukraine is impossible for Russia, too much resistance. I think most Putin can get is Ukraine to stay neutral and not enter nato and eu
When you're sure that Putin is done and going home without destroying / annecting area where the mines are
Stock Exchange market doesn't dislose type of transaction (buy/sell) - it is just additional algorythms that try to determine whether transaction looks more like a sell or more like a buy. But sometimes it is in between of bid/ask price and algo isn't able to determine what it actually was and colours it grey
Company is registered in Switzerland, "only" mines are in Ukraine
NAV at 8.6p, ST valuation of sum-of-the-parts at 16.5p, well managed and growing business - I think still presents a very good value when you can buy at 5p. Lots of room for upside, especially in long term.
Made it to the top of Simon Thompson's Bargain Shares 2022
It was hard to get any at the opening, managed to get in at 5p.
I agree with you - 100% EVs are not a given. There is a possibility that govs may say "ic is not sustainable, you people gotta share cars" and ban ic anyway - but I think it would too painful for society to accept.
I will be on the lookout for another day of MMs shananigans and picking up good stock with 15% morning discount :)
I have managed to get some right after the opening. The story hasn't changed, we know PGM are lower atm, the outlook into future hasn't changed. Plus MMs wouldn't be themselves if they haven't catch some stop losses of a good stock when they have a chance to justify the drop :)
"Lower PGM feed grades and recovery potential associated with significant increase in open cast RoM sources received during the quarter. This balance will be addressed with PGM recovery expected to remain in the 52% to 54% range during the next financial year; and Higher costs associated with the securing of and the logistics around additional RoM sources at Mooinooi has impacted overall operating costs. "
What does the author mean that this balance will be addressed by PGM reamining in the 52% 54% range? Will it remain at Q4 levels or remain at overal FY 20/21 levels?
I totally understand that when a solid stock like this, that many of us have overloaded our portfolios with goes down, it can create a lot of emotions. But for gods sake, it's not a bloody crypto, that has nothing behind it. You have bought a piece of well managed, successful company, that also pays divident. The story here hasn't changed. Rhodium went down, probably because car manufacturers are struggling with chips and lowered production, but fundamentals of the market stayed the same - once the car production will go back, so will the rhodium price. On top of that, 10-20% SP decrease is nothing special with this stock - it happened a few times over last year, each time bouncing higher, each time people getting worried and each time Buffet's saying "be gready when other are fearful" was a good advice. I guess in few days we will see an RNS saying Africa Asia has sold more of their holding here. All you need is patience, the value here will come through.
Super interesting Velo! thank you for posting!
well done with waiting out, I have pulled the trigger at 119.90, just as it got below 120 :)