Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
May get a few buys then.
Lombard exercised option to buy shares at 40p. Company got £4.3m, so don’t need to raise funds. See rns.
Decent volume today, and some big purchases. Moving away from the 40p level shows signs of positive sentiment. Hopefully Lombard have finished selling for the moment.
Looking at the Boots website there doesn't seem to be the same sales for Viagra as there are for Eroxon. Only one outlet I agree, but, but we appear to be outselling them!
Last Thursday said he was looking at this level in the next 2 weeks.
Simon Thompson in the investor’s chronicle in 2019 estimated the cost per unit was 26.5p with a sale price of £3.90. This was with an active ingredient, so the margin should be greater without. Shows the potential!
Platinum group metals in South Africa company Sylvania Platinum (SLP) has announced results for its half-year ended 31st December 2022 and that it has increased its full-year production guidance.
The first half results show post-tax profit rising to above $30 million and, over the six months even after $25.6 million of dividends paid, cash $2.6 million higher at $123.9 million. Other current assets of $63.5 million were little changed and liabilities of $34.8 million were $6 million higher.
That was on production up by 19% year-on-year at 38,471 4E PGM ounces and full-year guidance is now for 70,000-72,000 such ounces, up from previous guidance of 68,000-70,000 such ounces. There are further development projects and it “expect to provide further clarity on the significant potential at our exploration projects as we continue our studies and increase our resources”.
The shares have responded up to 105p, but that still currently equates to just a circa $340 million market cap. There is, of course, commodities price risk, but the above continues to suggest to us that a more than 150p share price is comfortably justifiable. With also a significant dividend whilst we wait – a latest 3p per share to be paid on 6th April with an ex-dividend date of 2nd March, at up to 125p still a Buy, targeting 160p.https://*************.com/views/67025/sylvania-platinum-interims-still-a-value-and-income-buy
Master Investor tipped at 130p and quoted Liberium tip of 150p. https://masterinvestor.co.uk/equities/sylvania-platinum-time-to-dig-in/?mc_cid=2ba66ed6b2&mc_eid=16921d395e
Interesting big buys at US market opening
Consistent buying and very little selling, and volume is rising. On some days I have seen the price rise on sells! Never seen that before. 40p is the resistance level and support. Kept that in a downward market. Nice to see it rising with not much chance of news in the near term, (correct me if I am wrong).
I think we have been oversold, and nice to see the bounce back, but the movement and buying today looks very interesting.
Cheers
Interesting that we are going up against the market. Lets hope that we get the launch soon. Can anyone remember when we get the results of the US trial? Isn't it due sometime now?
Second offer for Countryside properties demonstrates increased appetite for taking over underperforming housebuilders. Inland has performed poorly, though is now improving on an operational basis. However, the share price is so low compared to net assets, and I am surprised, apart from a comment from the Investors Chronicle, that there is not more speculation. I think it would fit in very nicely with Legal and Generals housebuilding business for example. Lets see if there is speculation after the results later this month.
Now we have the NO vote and we haven’t gone to diddly squat, I feel optimistic. We still have a worthwhile asset which we won’t sell on unfavourable terms. Assuming we don’t get stolen by Putin I believe we still have potential to be higher than we currently are. We have enough cash to pay for the next study, so we won’t get the mine taken away. Therefore we still have a future, and the Nickel price is still high enough to make us viable ( TEO dependent). The outlook is better than a Yes vote.