Member Info for charles432

It was good to read in the RNS that PAF is recovering and selling copper concentrate from its Tennant investment ,

another revenue arrow to add to the PAF bow.

The establishment of an effective dewatering plant for PGMs is very important , as it means the smelter receives a supply of clean dry PGMs of fixed concentration on a continuing basis.

This is important step for sales management and helps to consolidate the companies place in the PGM supply chain.

I have a recent speculative investment in ECR. As far as I can tell the company is about to take off with a definite plan for gold production at shallow depths. But my main reason for going for what I regard as a speculation, but with great prospects, is that I regard N.Tulloch an d the B.O.D as honest men. I have known over the years, some AIM companies, where frankly the B.O.D are a bunch of crooks.

The company is awash with cash , yet only suggested a possible 0.5 p interim dividend.

Result the market is disappointed and share price falls.

The Trump Factor appears to be morphing into sell USA and buy Gold , long may it last.

Share holders of PAF are in for an exciting ride .

Pt and Pd appear now to be trading according to industrial demand , steady as she goes , which is great for SLP . Whereas gold is currently greatly moved by way out moves and comments by Donald Trump , and nobody not even himself seems to know what he will say next.

But I do worry that the recent prolonged and heavy rains in South Africa may have affected SLP plant operations.

For myself Lloyds remains the top UK bank , with its progressive dividend policy , share but backs and well led management team.

I agree Waterloo the share price is doing just fine , and my limited system tells myself that there are more buys for PAF than sells. Thus I do not expect a share price collapse and in time the share price will move much higher as the market notes PAFs earnings

Everything is progressing very nicely , all LTI have to do is to exercise patience.

Pj70 I do not think the company needs more cash for expansion. At the end of quarter 1 there was over $60m cash on hand , also as the Thabo JV ramps up output , so SLP loans are due to be repaid. But if management should decide to develop one of SLP northern assets then I could be totally wrong.

It appears at last that PAF is joining the London Market , boots and all. Patience is being rewarded for long term share holders.

All the very best to current and future shareholders.

I can see no reason for PGM prices to fall in 2026 , if any thing they will continue to rise over the course of the year.

I estimate that SLP will have earnings of at least $30m per quarter before tax, and pay interim, final and bonus dividends for calander year 2026. The company has a proven record for returning surplus cash to shareholders. A share buy back scheme may also be implemented.

But my major interest in SLP arose from the last quarter's report. Here PGM plant recoveries were raised from 55.24% to 58.49%. Now this increase in PGM recovery maybe because the plant was maintained at a steady state, or it maybe due to the fact that a higher PGM plant feed was present, 3.71 g/ton rising to 3.82 g/ton. Historically it has proved very difficult to recover more than 55% of the PGMs present. But if SLP with its expertise can recover above 60% of PGMs present; then profit outlook for SLP and shareholders will rise exponentially.

With current PGM prices, the SLP share price will rocket when the next quarter report comes out. The company is well run with a solid earnings base and a great future.

The UK car market is very competitive . The UK Banks made so called advantageous interest finance loans to car dealers and reaped so called many benefits at expense of the consumer.. But I can see no reason that stopped car dealers from using the benefit from these loans to lower vehicle prices and hence beat their opposition, with no detriment to the consumer. Thus the major problem I see arising from the car finance scandal is that Banks such as Lloyds do not know how much cash to put aside to cover scandal costs.

But the Labour Government see the car finance scandal as a means of injecting cash into the economy, and hence creating growth. The government appear desperate for car mis-sold finance compensation to start as soon as possible.

I believe that this time next year the S/P will be well over a pound. The PGM prices are not as volatile as gold , but are at times dragged up by gold . And in reverse do not descend like gold. The company is very well run and I think in the coming year will pay a bonus dividend. Also chrome is becoming a further revenue stream for SLP

My only negative comment about SLP is that the comment does not issue information to the market on a regular basis , the more the market has to guess about a company';s progress the more negative the market becomes.

Well PAF is joining the FTSE 250 which is good news But I wish the company would issue quarterly reports , pay an interim dividend and have an active meaningful share buy back scheme. Such steps would greatly increase interest in PAF on the London market.

But by passing my negative comment above , I believe a major positive for the company is how it offers advances for the local population , especially Black women who are now a meaningful slice of the PAF's employees.

Frankly I could not follow the last RNS. I wish the company would only use simple English , I like Waterloo wonder what admin error is being hidden.

Jammin I base my belief for future Gold Price on comments by analysts at Kitco.com

I believe a fair G.P. is $3750/oz

with Pt at $1750 and Pd at $1500/oz , but all will be revealed over the next year as markets return to more normal functions and the Trump

factor dies down. and Financial control in USA firmly with Federal Reserve.

Bailey at the B.O.E. is a worry, his prime task is to get Inflation down to 2% for benefit of whole country, including Banks.

Now Bailey has the B.O.E. advertising for Black Students only in certain areas, it is a big worry when it appears Bailey does not believe in meritocracy.