I wrote this on the 5th January: "Chippy ... if you can explain to me why the share price jumped from the 20s into the 80s other than it being purely PI FOMO momentum driven then I am all ears. There were 4 gaps in the chart this morning and the one at 66 still isn't actually closed.... the lowest one is 38p."
Well.... its not far off 38p now .... but that gap still hasn't closed.
God... How boring it is to read random comments because people don't have the patience to let things play out. The value will out when it will... Impatient speculation and disgruntled negativity is so tiresome... Go and play with Bitcoin if you need a volatility fix... ??
Given that HL and II and I expect many other companies still show the FRR holdings in accounts do we really believe it is necessary to prove holdings to the email address that others have sent theirs to? It seems inconceivable that it could relist and the various investment companies not recognise the holdings that are registered and notify the FRR registrar?
The main difference is that JLP is in a period of rapid growth and brining on new revenue streams which accounts for its price action... which will continue ...with some retracing and pausing for breath as the holders shift around ...but SLP is not a growth stock operationally...and bringing on a new mine is hugely capital intensive, takes years and is high risk.
"and that the Zambian government will remain friendly (remembering their past record of seizing mining assets at will and JLP's unkept promises in relation to Kabwe." Please don't spread untruths, TBTT.... Kabwe is progressing as planned. And the Zambian government is actively working with the company as it has the ability to clean up the problems left by miners - which JLP is not. That's why it can get a return on investment far quicker than miners...and it is not beholden to miners for its future growth. Samancor seem rather keen to work with them now...don't they? ;) By the way, both SLP and THS are desperately trying to emulate the fine chrome operation which JLP has been successfully running for quite some time now but have so far not got it right:
"Following PROMISING RESULTS from the Company's specific fine chrome recovery RESEARCH research and test work initiated in HY1 FY2020, a circuit configuration and technology has been identified to enable the economic recovery of fine chrome from some existing dumps, which has historically been uneconomical to recover. This latest development COULD enable the Company to re-treat low PGM grade tailings resources that would otherwise have been sterilised thereby extending the operational life of PGM operations at selected sites. This would also add value to the host mines through increased chrome recovery and production and the Company is currently engaging with the host mine in relation to this." Promising results...research... could enable ...all sounds still a bit experimental and in the future to me... JLP has process innovation and leadership on its side too!
And still no one has answered the question, other than through metals price inflation, and possibly improved recovery by copying JLPs fine chrome lead, what is SLPs plan for growth? I know what JLPs is and it is as a diversified specialist in metals recovery which along with the usual PGMs plus Zinc, Lead, Vanadium etc includes sitting on billions of dollars of Copper and Cobalt tailings....all above ground with no mining risk and a time-to-cash of mere months. Please tell me...what is SLPs plan?
Where are Sylvania's plans for growth...? Giving back cash is a sure sign of a company run out of ideas as to how to provide a better return through investing in growth. Have a look at the JLP price action recently and you will see the difference.
"The iShares Physical Silver ETC seeks to track the day-to-day movement of the price of silver, less fees, by holding silver bullion. The silver bullion backs the securities issued and is valued daily at the London fix price. The silver bullion is held as allocated silver bars with the custodian, JPMorgan (and/or its sub-custodian)." As long as they are actually buying it ... Isn't that the issue with any fund...? Better of with producing miners or physical....?
Surely, the SEC, FCA etc are going to have to act to stop what is now blatant market manipulation. Banning way out of the money call options and naked shorting should be the first step. Most of the players on WSB are kids ... One of them losing £30 makes a story on the BBC ... there is going to be a lot of pain for a lot of people at some point when the music stops. https://globalfinancialdata.com/the-piggly-crisis