Member Info for LunaNera

Isn't the buyback limited to a value of 10 million or by Sept? I didn't add it all up but it looks like the fiscal limit might be reached.

Sentiments oscillate.

Will be interesting to see what happens once we realise that a necessary solution is to improved the catalytic converters on all existing CBEs...

My long-term thesis still holds. I don't see the need to exit. Still happy to take advantage of negative sentiment.

Hopefully not ;)

I would hope that they are sensible enough not to listen to purchase requests on this forum and apply good judgement as to when there is a good entry point.

Regardless of price movements, I still think this operation is well managed by the board.

Sentiments oscillate.

Looks like they understand the market and are rather candid in their approach.

Has my vote (still)

I see it as good news that the price is still dropping....

I am not cynical, but situations like these don't come up too often, like you hinted at, Quickdip.

This is a great opportunity for building a substantial position over time.

Hi Batterseafish

Not sure what gave you that impression.

RNS on 2nd of May

"The purpose of the Share Buyback is to reduce the share capital of the Company. The Share Buyback will be done under the terms and authority of the Company's Bye Laws and all Ordinary Shares purchased will be cancelled."

Pretty clear.

karv1

Timing is an illusion. It's actually not that relevant since we all know that current valuations are rather favourable. I cannot tell you when this will rise again, but I can tell you that it certainly will.

The UK has a housing crisis. How will this be resolved? The country urgently needs more housing and legislation on rental or second homes won't cut the mustard. That's just lazy and uninspired from HMG.

Can we replicate that question you asked, artrader?

It's a fair request from a fellow scientist.

Proof is everything.

And where should the electricity come from?

One can hope on nuclear fusion. Or some other solution to the many questions that need to be answered and solved by the (arbitrary) cut-off date.

There are substantial affordability challenges as well....

Eventually, this will be solved. It's unlikely to happen in the proposed time-frame.

Never mind the footprint and resources needed for the batteries.

We'd be better of with a different fuel, for existing CBEs. Robert Zubrin (NASA) advocates ethanol and methanol as practical liquid fuels that can be handled by the existing fuel distribution infrastructure and produced at prices roughly competitive with gasoline.

He worked extensively with fuel cells during the space shuttle programme.

https://www.thenewatlantis.com/publications/the-hydrogen-hoax

Similarly, I pointed out on several occasion that the hopes on moving our economies (speak transport etc...) from CBEs to EV is bound to fail. The sheer resources and political required are substantial. And when did we ever experienced politicians being efficient?

That should translate to a healthy RH price going forward.

I accept that RH price swings can be volatile. There isn't a lot of volume. It's easy to skew the picture with single event even.

Their historical returns would indicate so. But what are the risks?

I applaud the management though. And that's what counts in my books.

Hi Bangrak,

I don't pay too much attention to broker hype/estimates/phanasies etc... We know they are not a highly probable outcome and prone to echo chamber effects.

Earlier on I tried to put the finger on the fact that there has to be more than just Rhodium price movement in order to make this a sound investment. My view is that solid, competent management will surprise and I maintain that stance with SLP.

As far as time-frame is concerned, yours might be shorter than mine. That's OK. Different approaches, different models. All good.

What is important however, is to see a CRITICAL point of view. And I applaude you providing that. Exposure to critical thinking makes us all better.

So keep it coming. There's always two sides of a coin.

What I noticed is that when we only see one side of this coin, we are prone running into trouble.

However this plays out is a much longer story in my books. My time frame is 8 years min.

Pls keep it coming. I do enjoy reading your musing.

Best

LN

itsalottery

Agreed

I see it as an overraction as well and took the opportunity of a position.

Call me a bottom feeder, but a company with returns in double digits at these discounts is difficult to resist.

I also like the crew and the way it is run.

Let's 'cement' this relationship :)

I haven't got a position (yet), but the trading statement today is quite a surprise...

*** DING! ***

Assuming the final dividend remains "safe".

It should, there is enough margin.

As yiu can imagine, I welcome the dip now that the first divi is due....

I know what I do if prices remain in the bargain bin. They are now in my sort of price range (again! Yessssss)

Didn't a Chinese manufacturer recently dump a load of Rh onto the market because they found out they needed only half the amount?

That certainly impacts supply and thus the price.

I don't see this as a permanent fixture.

Quiggers

Not sure how to interpret all this. I am a very simple investor. I don't engage much in leverage or in enthusiastic predictions. One has to take into account probablilities of hopes becoming realities though.

My take is that SLP is roughly where it ought to be. There is the 'usual' 20% fluctuation on price.

But price does not matter to me.

Thus far they pledged (and delivered) return of value to shareholders.

I'm happy with that.

Quiggers,

Am I right interpreting this as your knees wobbling a bit?

I don't get why someone would be happier paying 110p for a 9p divi when they can have it for, say 104p instead.

Less is more chaps.