Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Thanks for the responses, appreciated! Just been looking at A rhodium article. All makes sense until the end and the forecast prices! https://www.google.com/amp/s/capital.com/amp/rhodium-price-forecast-will-deficit-lift-the-market-again
I am not offended easily Stoodio! The movement of SP on all stocks is fascinating, especially when it doesn’t make sense to me.
I have quite a bit of skin in SLP but also keen to learn more on investing, especially my SIPP. I learn partly by the differing views on here. :-)
Dear Chatmandu,
What a thoughtful post and truly appreciated. I did reduce my holding (think it was at 98p) by half and bought back at 86, which was a bit risky in some respects but luckily it worked and I am now in blue numbers. I based my reduction partly on the advice of you, and others, on this board and it was absolutely the right thing to do. I now monitor prices and potential sells on a spreadsheet. I have sell parameters in place for any drops, to protect my finances now, good advice again.
I will start to top slice in increments at £1. 18 onwards, should we get there. Ideally, I would let the whole investment ride for a year but the volatility is still there for me and I have a family house to buy.
I would be interested in views on the switch to electric, considering 15% of cars sold in the UK last month were fully electric? Faster than I anticipated but under unusual circumstances. Economies of scale will start to come in to play, although I am clueless on whether this will mean a sharp rise in Lithium pricing.
Thanks again for the advice!
Thanks Luna Nera. I do enjoy reading the posts on this chat site, are so many thoughtful and knowledgeable people on here. I’m relatively new to trading and it is great to keep picking up the nuggets of information and positivity. Choosing PG ends as one of my first forays into this world maybe was a bit risky. I have time to let this grow. Good to see Rh on the up again.
Down almost 6% last 2 days, thus the drop, I guess. How does our current basket price compare with last year average and what would this mean for FY profits, if the status quo was maintained, just for interest?
PGM’s just starting to move upwards. Rhodium up a bit, so predictably SLP goes red. Can’t make this up.
Stoodio, I do hope your 1.40 is right! The finances suggest it could, especially with another profitable quarters results in the bag.
The global tailwinds of stock correction doom are lingering.
Chatmandu, I couldn't agree more and have cashed in 30% of my SIPP already. I still see a positive outcome for SLP and finding it hard to sell at a loss, although my average price is now 99 (I did listen to the sound advice on here).
I do wonder what the floor for SLP is considering cash + assets + future profits looking positive, even at these prices. Surely that cannot be below 80p, as this would mean trading with 42% of its value in cash by end of September.
The chip shortage will certainly be continuing well in to 2022. However, over the next year the expectation is for the backorders to slowly reduce and automobile manufacturing to rise, albeit slowly but still increasing from todays levels. Rhodium will creep towards surplus, putting some pressure on price, before reversing this trend as production for cars ramps up later this year/early next year.
That said SLP has over $100M cash as of end of June. This is probably nearer $120M now and I assume significant receivables, which should be valued as part of the business. So, I agree 200p is wishful at this point but 100p is way of the mark considering current assets and even incorporating a modest short term drop in PGM's