Member Info for ic152

Chatmandu, have to agree with you for the most part. Nicely profitable but at current PGM pricing we will be in the 98-102 range for a while. Fundamentals are great but not exciting enough for most investors.

The SP confounds again. I know we are deeper entrenched with Rhodium pricing but with both platinum and palladium rising it’s very odd the 2 week slow decline in SP.
Cannot work this company out and I am very positive in the long term outcome but if we get close to £1.20 by year end I would be hugely surprised. Any thoughts?

Certainly looks that way. Other platinum metals producers are flat on the week, so this doesn't make sense unless people know something not shown on these boards

Gulp!

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. :-)

I think you may be right Nutmegmilk! Bit slow there.

Hey Stoodio, what’s AF?

Seems to be a steady decline in the past week. Any ideas what’s fuelling this mini sell-off?

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!

PGM’s. Excuse my typo

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.

Rhodium is ticking up, ever so slightly. Share price drops nearly 5%. It is so hard to understand this stock... Long term hold but how can we still be in the 80's?

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?

You would t know Rhodium was up by today’s trading and the drop in the past 20 mins.

Great analogy

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.

What is the cash worth to the share price Bangrak? approximately $125M banked by end Q1 I think, so would that be an additional 40p per share? Not sure if I am calculating that right

LunaNera, do you think there is a chance the company will be bought?
Thanks for the tip on Bull! Great book, half way through and fascinating.

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.