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It’s just gone up $1000 to $17,000 on Kitco as well. Forgive my laziness, but am I right in thinking SLP is generally more exposed to Rh than JLP ór THS?
Clearly, no-one is to be trusted on an internet share dealing platform. But it's often useful to hear all sides of a story to help with your own research. TBTT got EUA badly wrong, no doubt. He's helped give me confidence in other PGM stocks which have worked out well, even if not as stratospheric as EUA. Listen to everyone, DYOR and then make up your OWN mind. We still have control of them my friends, maybe not for long, make the most of it while you can!
Might I be so bold as to abbreviate to the real question there: "is there a reliable broker or analyst?"
Decent sale to a UK blue chip this morning. Bode's very well in my book. The sense of installing solar panels in Scotland is somewhat beyond me, but no doubt better brains than I worked it out. Should start the week off in the right direction.
This sort of discussion makes me nervous. It clearly doesn't matter an ingot whether something is labelled a buy or a sell on some platform. Why even discuss it? The direction of travel of the share is clear, it's becoming a little more than annoying, although still not drastic when you pan out to the yearly performance. But PGM prices are holding reasonably well, I'm flummoxed about the fall.
That article brought me here. I suspect I'm not the only one and that is the main reason for the rise today. All the same, a reasonably fair article, nothing's without it's downsides, the more the green lobby acknowledge this, the more mature the conversation can be, which we desperately need. And notwithstanding a probably pump from that invaluable bit of free publicity, this seems like an incredible opportunity. GLA
I'm struggling to find a good source for up to date vanadium prices, and I'm a little confused about the different forms it comes in. If anyone here has any advice I'd be most grateful.
I don't have tbtt's experience, but my Russian step mother and a burning from very dodgy dealings at Exillon Energy are enough to put me off Russian stocks. I respect their cultural tradition as highly as any, but you're swimming with sharks doing business there. In fact I think they should rightly rename swimming with sharks, dealing with Russians!
Indeed, I came to SLP via a brokers note last year which also touted Eurasia when it was about 1% of it's current value. I chose SLP and can't be unhappy with it's performance, but since recently discovering what happened at Eurasia I'm minded to diversify more than ever. Still, SLP looking good today, perhaps Eurasia is just a portent of what's to come!
Good to see all the cheer on the board. Just broke 9p as requested. Sorry for a very minor and probably obvious question. The copper resource is exciting me a lot, but everything I read regarding the potential copper resource talks of "Tonnes of copper units". As 'tonne' is a unit I'm unsure of the meaning of unit in this case. I've googled it but I just get lots of pretty pictures of copper kitchen units and I'd be a little disappointed if Jubilee were putting all that copper into what I can only imagine is a pretty limited niche market. Is a tonne of copper units, just a tonne of copper?
I was hoping for a bit of excitement here this morning after that news. It seems to me to be encouraging about the increasing automation of science that DMTR is potentially a useful part of. You would imagine Google could quite easily be interested in snapping it up.
I'm with you in THS TBTT. Great results. A bit underwhelming reaction. Never mind, a good prospect, as is JLP. I'm very happy to have my PGM investment diversified between three, after the lesson of putting all my golden eggs in the CEY basket. I'm out of CEY altogether for the first time since I started investing over a decade ago. I was strangely sad about it. Word on the street is the new management is on the ball, and they clearly have a great asset there, but there's only so much punishment you can take. And, although it's got a long way to go, Bitcoin seems to me to have too many benefits as a simple store of value not to have a good chance of replacing gold as the ultimate reserve in my very amateur opinion. At least the odds of it happening seem to me to be way better than the current difference in market valuations.
Toptiger - Just outside Bude. Normally a place called Duckpool. Not because ducks live there, but there's a little pool in the river that runs into the beach where they used to duck "witches". Without wanting to get into a discussion of the potential pro's and cons of extracting truth from some sections of modern society in such a manner, I shall say only that it's a mystical place very much worth visiting.
LunaNera - indeed, I'm sure it's always unavoidable to make some mistakes. The challenge must be to learn as much as possible to avoid repeating them where possible but also be at peace with them when they happen. I think this is different in nature, but there was a noticeable and unjustified drop in share price in CEY just before they announced the slippage in their spoil pile. Someone clearly knew what was coming. I even joked about it with someone on the CEY board, but didn't sell. On the other hand I did very well buying Covid testing stocks and selling at various points on their upward trajectory. So with those examples I lost a lot by not selling a short term problem and made a lot by making short term trades. If the goal of investing is making money, seeing a bubble and exploiting it is not without merit. But it gets you into the shortsighted mindset that I'm now trying to overcome. Everything's obvious in hindsight. I agree with you about fundamentals, the move to batteries and fuel cells seems to me to be clear, I've invested accordingly. But this volatility has infected my mind in a very unhealthy way, where I'm spending far too much of my life thinking of my investments and acting in much more short term ways than I probably should. It's salient to remind yourself that, in addition to the hope of making a return, you should invest in companies that you believe will improve people's lives in some way; that's why people will pay them for the service and you might make a return. The plan is to fly out to a remote beach in Panama where they don't have internet and surf and unplug for some months, try to cleanse my mind from this habit. I know people who's lives have been ruined by addictive trading, I can see how it happens. All the best.
Thanks Jeff. I've done well with this share for sure, about double in a year is not bad at all, I'm grateful to the board and the employees. I was partly just having a joke at my own stupid mind, feeling funny after a good surf. I've been investing a lot more since the crash and I've overall done pretty well, but the psychological aspect of it has become clearer and clearer. I've made what seem to be some obviously terrible decisions, I'm trying to make less of them, I'm hoping stepping back and trying to look at the workings of my mind from outside will help. A little reassurance with my investment here helped enormously. All the best.
Prices holding strong and SLP's heading down. Where are the howls of injustice my friends? It's un-bloody-fair, that's what it is, un-bloody-fair. And nothing's worse than that! I'm not giving the bastards my shares though. Not this time!
Are you just talking about an app, so the web based platform was OK, or do you mean the whole system? I'm in the process of transferring from AJ Bell to II after AJ Bell was down nearly the whole day when the vaccine news broke, and had been down on other serious fluctuations before. It's no joke being locked out when things are changing like that. I read that II managed to keep operational all day. If anyone can confirm that I'd be very appreciative. I like the AJ Bell interface, but none of that matters if the system is unreliable.
PGM all up, SLP down. I've been buying more. Getting quite overweight here, but it seems to be enough off the radar to have a lag between PGM price increases and share price. Well here's hoping anyway.
Indeed Mikemine, I know we are close to the wire (NPI) with our electricity production. With Carrie Symonds running the show, with the ideals and engineering knowhow of a fairytale, we could well be in serious trouble very soon. I know from working with the waste industry that Lithium batteries also rely on the fairytale that they just live happily ever after, when in fact they are a complete nightmare for waste management companies, regularly spontaneously bursting into flames. You would perhaps expect the market to deliver a recycling solution for them as more and more of them come to the end of their lives, but at the moment the upcoming tsunami of Li battery waste is worrying a lot of people, that is for sure. It's an example of the often crazy blinkered thinking regarding climate change and renewable energy. They shout from the treetops about including the externalities of fossil fuels, but turn far too many a blind eye to the problems of their favoured technologies. The cost of storage should really be incorporated into the cost of generating power from wind and solar, as the cost of disposal should be incorporated into the price of Li batteries, but that would be inconvenient for the green lobby. I don't think any of the cost comparisons I've seen between Li and VRFB's include decommissioning costs, but it can very easily ruin an industry, look at CFC's or nuclear power. Li might still retain some short term advantage, but there are too many compelling advantages for VRFB's in long term grid stabilisation in my opinion. It sounds like there is a lot of work going on regarding new electrolytes as well, I hope the company is keeping up to date.
For my own part, I'm sorry to say I was successfully biassed against it by the rest of the management, that were also my family, who had what I think now was an irrational hatred of wind and solar power. We would just say that with reliable renewables such as biogas and biomass you didn't need to deal with that cost and as we could store the energy in either silos or membranes we didn't look at the technology. I was far too busy with my business to look at things that weren't essential. Often the criticism was the enormous footprint needed to make a meaningful impact. Honestly I'm a little ashamed I haven't done more research into this before though. As for the rest of the industry, it will be a matter of cost benefit of course, and I guess that hasn't been there yet. It is probably more reactive than it should be, the problems with intermittency are of course well known, but we haven't yet had substantial blackouts. And I can say that government policy is driven a lot by the club ability of the companies and lobbyists more than it should be. Dale Vince I'm sorry to say is to my mind a charleton and, well leave it at that, but he's done a great job of gaining influence for instance. The large energy companies have been concentrating on demand management via smart meters, which are increasingly being shown to be unpopular and unreliable. I haven't even seen mention of how these could reduce the requirement for smart meters, but it's another big string in their bow it seems. Anyway, to be honest I'm really a layman these days, I think it probably just comes down to necessity being the mother of invention. Inyermittent generation is only going to grow, as the problems become more obvious I can see a scramble for storage coming in a very short time. There's a lot of money and electrical engineering knowhow in this country, both the landfill gas and biogas industries went from a standing start to pretty much full capacity within about ten years. As soon as brownouts become a thing I can see this taking off in the same way. Nice to have an investment I can happily leave in my portfolio for the long term and not waste my life looking at commodity prices, infection rates and all the other crap I fill my brain with recently.
Thanks Alfacomp. That was very interesting. I have some experience in this field having run an industrial biogas business for many years. It was part of a larger company developed from Gravel extraction to landfill and then into renewables from landfill gas and then biogas, which I ran, both of which were extremely successful. The next investment the company made was a completely disastrous investment into wood pellets, largely on the basis that the board had a very dogmatic attitude to the problems of intermittent renewables so wouldn't consider investment into anything associated with them, including batteries, that had problems of scale and degradation. The advantages of these batteries are incredible. Being able to safely run them down to empty is in practice invaluable. I have bitter experience of things inevitably malfunctioning and people not operating systems as they are supposed to, if you can design some of those problems out it's extremely valuable. The value of sleeping well at night as a manager really can't be underestimated! The enormous increase in number of life time cycles is also massive in terms of financing; being able to depreciate over fifteen years and then expect to get some free time out of them, rather than five years and an expensive disposal job is a game changer. The wood pellet disaster certainly demonstrated the advantages of using electricity or gas wherever possible though, lugging energy around in lorries is a mugs game when you can send it down cables or pipes. Working on solving the problems of intermittency seems obviously a better place to spend your time and money than going back to the stone age. It's particularly exciting to be able to get into this when it's so new, I find myself thinking 'if only I'd got into this XX years or months ago' with almost every promising investment, that doesnt seem to apply here. Sorry to go on, I haven't been as excited about an investment in years.