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Ask not about the share-price. Ask about future returns instead.
I have always invested heavily in situations where the returns grow in hansome double-digit figures and the price lagging significantly behid.
Eventually it will snap to where it should be. In the meantime one can take advantage of the low prices.
Oh, i certainly took it in September and will certainly take it again in December (if this presents itself again) since I have a new, sizeable tranche, allocated to invest.
Who doesn't like a bargain?
BMW puts their stake in the ground for hydrogen.
https://www.seattletimes.com/business/bmw-boss-says-hydrogen-not-electric-will-be-hippest-thing-to-drive/
Small fry, but I don't see SLP not being able to cover their dividend in the near future and there are growth prospects ahead. Yes, it will take a bit of time, but I do like the steady and prudent approach.
Drop to 70p? Yes please! I adore a good pre-Xmas sale. Well, one can always hope for another discount.
That's fine. All things considered, they looked rather cheap and I do like a bargain. So we managed to back up the truck and load up quite a few more at 80-81p.
I love unfounded negativity on short-term outlooks.
It's a well run business with an outstanding track record. I trust them with my money. There aren't many.
Hi Quiggers
By doing nothing I was refering to Charlie Munger's "sit on your ass" investing ;) Ie doing nothing. No frictional costs, no bad sell decisions etc... Just let it run (and increase the position as was the case for me over the past years).
Just listening to the earnings call.... Did I just hear Jaco saying "GROWTH" ? o_O :P
Well, the 3-5 year prospect does look rather good for a double in output. Happy to hear that with current resources the mine lifetime is expected to last at least 10 more years.
I shall keep doing nothing and collect the cash instead.
Indeed. I did not get tempted by momentum, meme or moon stocks. I'm too cheap to pay these prices ;)
I would class the reliance on the Rh price for growrh in SP as risk.
Surely, Sylvania has a plan how to grow its business. Growth at all cost is dangerous. I am OK waiting a bit longer, keeping my eyes peeled on progress with her capital projects.
If in the meantime prices fluctuate, so be it. Eventually, I would like to see some inteinsic growth though.
The resources in this world are not infinite.
Some materials are needed to ensure life remains sustainable.
It is unlikely that we turn a fossil fuel economy into a solar or hydrogen powered one by 2030.
Worth giving this some thought.
At some stage, it's Sylvania that has to grow, not the price of Rhodium.... or increase the dividend.
I wonder whether the BOD are considering becoming a chrome/PGM miner directly, rather than simply being a tailings reprocessor.
Unser this light, building this cash position makes sense.