Member Info for charles432

With the US deficit reaching $40 Trillion , I can only see gold re-rating to totally unexpected levels. Since most gold miners today have a cost base around $1500 per oz., with gold treading water around $4000+ per oz. when the market wakes up to Gold miners prospects, I expect share prices to steadily rise.

The PGMs are moving up very nicely and I have no doubt the market will shortly realise the true value of SLP.

A bumpy sp ride , it appears that a small GP creates a rapid sell off . Although this maybe entirely due to MMs . Long term holders must keep the faith and all will be rewarded.

Investors on this board either have faith in NT and BOD or they do not. Those with faith just let us wait for results. Those with no faith please go away and find another place to waist your time.

Martin Lewis and his tail gate lawyer mates are now back trying to extract cash from the banks for mis-sold car finance The average claim maybe about £750 but half of that will go to any lawyer employed by a customer to undertake a claim. The effort for individuals to make a claim maybe just too much, and only the lawyers look like making money.

What Martin Lewis and his mates over look is the fact that the country is at present entering a savage oil price hike. It will probably need massive financial help to get the UK through the current energy crisis , which as sure as hell is going to need bank loans to many companies and individuals. The UK high street banks do not need continual demands from lawyers whilst they try to help the UK through this crisis.

My comments about supply of PGM's can all be found on Kitco.com . Also with the Western world now increasing arms supply , Europe no longer relying on the USA , there is a large demand for PGMs for arms manufacture , communications devices etc. Also big demand for PGMs in aerospace industry , from Fighter jets to commercial airlines. The demand for PGMs grows as their supply becomes more reliable , catalytic converters on cars are becoming less of the major demand centre for PGMs.

There is a shortage of Pt and Rh for industrial use and these two PGMs are steadily moving up , this shortage is likely to persist for years. Although Pd is also moving up , it is much harder to assess Pd prospects since Russia is a major supplier of Pd. But the established de-watering plant by SLP for PGM concentrates to ensure a regular supply at known concentration of PGMs to the smelter is a major step forward . it helps to establish SLP as a major supplier of quality regular PGMs.

The diversification of SLP into Cr concentrate production will add another revenue stream for the company , and also ensure that the PGM feed here comes from freshly mined material , not the treatment of waste tails.

My comment about getting the team in place for Raglan comers direct from N T's comments to Vox markets on 10th Feb.

ECR's problem now is to recruit the correct team for alluvial gold recovery at Raglan. The gold here is grains , small nuggets and maybe a large ingot. All present in the top two or so meters of soil. This gold is immediately available for sale. The problem is to put a correct team in place . Considering the problems Starmer has in the UK in appointing the correct persons to Office , the above task will not be completed quickly by ECR management.

The car finance loan scandal appears to have started to die a natural death. Only Martin Lewis and his lawyer mates are still advertising for the general public to make claims. The more adverts for claims the more certain one can be that the Lawyers are not having it all their own way. Lloyds has become over the years very experienced at handling such claims, onward and up for the Black Horse.

I believe SLP true value is in excess of £2 a share as mentioned by other posts on this board. The company is well run and has recently just completed an expansion program, which has come to fruition at just the right moment with the increases in metal prices. My fear is the company will be taken over and then share holders will loose the benefits from the current well run management team. At take over stage I feel I would have to sell out, I hope this does not happen, and all share holders can benefit from increased dividends which will shortly arrive.

Now my main interest in ECR is Lolworth which is years away from possible development. I accept that my investment in ECR is speculative and I could loose monies invested. But I have belief in the current management team, whom have established the start of a plan to move the company from Gold Exploration to Gold Production. Hence I am prepared to wait for the team to deliver , and I know this will take time. "Rome was not built in a Day ". My advice to those on this B.B. whom are not prepared to wait is to sell up and move on.

The proposed interim dividend of 12 SA cents to myself appears very miserly , about 0.3p . The last time gold exploded and gold miners had their accounts stuffed with cash , there was not that much reward for share holders. In fact many gold miners embarked on vanity products which ultimately just denied share holders from an expected return. I hope this gold explosion is not going to see a repeat of the past.

The thought of Angela Rayner to replace Starmer as PM is very depressing , but she appears to be a Labour Front Runner as replacement . She is left wing and believes in Tax and Spend. Rayner would almost certainly introduce a Bank levy , which would hit Lloyds. The Bond Market has reacted negatively today to the idea that Rayner might become PM, and the UK is having to pay out more in interest on Government borrowing.

As the gold price reverses and starts to rise again so PGM prices move in a similar manner. The company is well run and will do very well at current PGM prices. The company also has a solid record of returning excess cash to share holders when possible. Current share movements are a result of gold price volatility.

I believe ECR currently has more share holders selling than buying . Thus although circumstances are excellent for ECR the share price will not rise until weak holders are flushed out.

Now it is all about patience , patience and more patience ======= everything comes to those that wait.

All the very best to all.

I believe the share price will only explode upwards once there is an RNS giving full details on gold recently recovered at Raglan, in the meantime patience is needed.

Currently gold miners care awash with cash , but dividends from miners have as yet not increased in line with mine earnings , hence share prices are not supported and thus fall . It is all a matter of wait and see , but PAF with its low cost base will do very well at current gold prices.

Well the share buy back plan has kicked in , and this always supports the share price . For myself Lloyds remains the UK's number one bank , with its progressive dividend policy , share buy back plan and a well led management team. A top FTSE 100 company.