Member Info for longtomsilver

All the charts are pointing in one direction and one direction only and that’s up! A long overdue re-rate coming soon for sure. I may have to break my own rules and take out my original stake at 16.5p (100% profit - not counting my chickens) and leave half invested. I’m bullish on PGMs and a 10%-20% increase in the basket would make 23-25p a feasible target price.

The 13.6 trades booked as sells are surely buys? What has been apparent is we have a large buyer in the background. Stubbornly holding on until we see 16-18p which isn’t far away IMO.

Also the demand for diesel is still high globally, not just the UK where it’s weak. Made a tidy profit on Pendragon buying on the bounce 25p selling 28p. Did the same with VW during/after the emission scandal. Always good to look at the wider picture.

So I took some profit after all. Mine is the last sell for 13.6p £11k reducing exposure but not out as I still have 400k in here. Good luck all.

Isn’t it too early to sell? Well the MMs just offered to take all my shares which as you know is a lot.

I’m a long term investor/accumulator holding 25,000 shares currently here and will stop at 60,000 in approximately 18-24months time. With rising input prices I see the discount retailers gap narrowing in the medium term and long term an overall trend for food prices to rise by 30-50% in-line with Europe, North America and Australasia. This will be coupled with a decline in real costs elsewhere such as housing. In summary food is (currently) unrealistically cheap in the UK by Western standards.

You’ll see your 14p although I’m hoping for a little bit more. If we clear that barrier that’ll be the line to put a stop loss in. Any weakness I’ll be looking to top up, ideally 750k-1million but that all depends on what happens with another holding elsewhere that either give me 50% or I lose the lot (2million wti) currently under water.

You’ll also see a contract note for a big sell end of last year (halving position) so I don’t always get it right but then that went into IQE so some of the profit has ended up back here.

Ragnarlothbrok... Please take a sneaky peak on my twitter handle SIPPtrader to see a screen grab taken moments ago. The profit is erroneous as I have not exited SLP completely before. We are splttting hairs on price but it was 10.24p easier to say 10p and that was in the past week. I’m holding a smaller position elsewhere but you get the idea??

Strider4 No secrets... £50,000 of old company pensions transferred into a SIPP and an apathy to the money invested being that it is locked away for at least the next twenty years brings. 5 years invested into companies such as Thornton’s, Hochschilds and IQE to name a few at lows has left me sitting on a portfolio x5 the size. My minimum stake in any one company has been £10k so I’m betting on the success of the overall company and not the share. I have suffered two completed losses along the way, chalking those up to experience.

I’m back in for 500k @ 10p having sold out (500k) before at 12p (mostly acquired ~7-8p). Technicals should fill the gap trading to 12-14p and fundamentals put this is the trading range of 18p-24p a share.