Member Info for LunaNera

12p divi? Yes please!

For what it's worth, I've got the basket price at $3,067 today.

Increase in SP doesn't happen automatic. It's supply and demand based.

Looks like participants don't think these price levels are sustainable. Over time, this conclusion might change should price levels persist over a significant time-frame. Low levels aren't particularly bad news since it provides opportunities.

What annoys me more is the rather high spread due to the buybacks (less liquidity).

Chances are that the PGM prices might stay elevated over a longer time frame than last time. Then it was purely Rh driven.

Today the story is different. We see elevated prices across the spectrum.

Ru had a lovely run. Its it thought to be driven by demand in data-centres (hard-drive manufacture).

Chances are the basket price might stay intact for a bit.

Share buybacks from SLP did not help liquidity either. I would have preferred a divi in all cases.

Never had that problem with iweb (now scottish widows).

It's execution only and clunky like a 1980's Renault. But it works and is v cheap. The quotes are quite competitive too. I often get a much lower spread than is shown here.

Robert Zubrin is a senior engineer at NASA and has plenty of experience with Hydrogen tech. Here is his article

The Hydrogen Hoax https://share.google/W0ijTYQUYDDsS7xDX

I wonder whose 'mates' got the contracts for the (predictably) failed net zero rollout along the M4....

Looking at the Pt chart made my eyes pop indeed o_O

Do we think the JV is already priced in? I doubt it. The volume has increased as well vs the dull last few weeks. Let's see how 2026 plays out. I would expect it to be rather good for Sylvie. The divi should be interesting...

I see this joker as a trading opportunity.

Fundamentally, the company is sound.

But this non-operated 'asset' (it rhymes!) every now and then bowls a superb opportunity.

Not that bad really, but Serica would do better without a single point of failure.

No. Nothing odd. You implemented Triton digitally.

Quite the feat :P

Yup. Waiting for it. Overweight on SLP indeed.

Spread is quite high. needs a lot of conviction for people to enter here without a clear signal.

Right now the tape is for the bears.

But the valuation isn't.

Will it form a bottom here?

The market makers are perfectly happy to keep selling small parcels at 89p all day long, pocket the 3p spread on every tiny trade, and let the bid sit at 86p as a scarecrow. For now.

Little liquidity right now. Everyone's waiting. A few are happy to get in but volume was low.

Whoops. I mean Q1 FY2026... my mind is somewhere else right now. SLP will do it's thing towards >100p.

It has been coiling like a spring in this 85-90p range, with the 92p level (former Nov high-turned-resistance) looking increasingly vulnerable on any volume pop.

Q2 FY2026 could well be the missing spark. Retail nibbles aren't enough to crack that ceiling without institutional conviction.

Energy is traded. Wasn't Ed supposed to set up an energy company providing cheap British energy for us? What happened to this? Where is it?

The proposal didn't sound bad. Plays nicely with NSO&G. But it requires competence, not regulation.

Love it when it goes cheaper. Always a good time to consider increasing the position.... :D

Yup, indeed. Same here.

Quite interesting how well 'defended' the 81-82p range was lately. Not sure what spooks people. From my point of view, the trigger won't be AI overvaluation, but the distributed ponzi-scheme that is crypo. Once that reality sets in, a lot of people will need money and liquidate perfectly fine assets just to raise the cash. Happily stand corrected.

British Energy was supposed to provide cheap energy for it's citizens. Energy is traded. So it should not be too difficult to establish an income stream for the state and provide value for it's citizens. It could even have a bias towards 'locally' produced resources. All this makes sense. And that was the pitch.

And where are we with that delivery?

Nowhere.

The minister has less of a clue than Jim Hacker.

I didn't allude that they won't. Forgive my provocative statement, but I was curious on your take.

PGMs are very specialist metals to mine. From my position, SLP are the best when it comes to it. Their skilful management of the down-cycle shows how well run it is.

So let's see. I am still very long on this one.