Member Info for marineclark

...Having said that, there are many ways to skin a cat, so good luck there shanny!

Shanny, I had a five seconds look at RNWH.

Revenue 183.21M - very nice
Cost of revenue = 158.06 M - very not nice
Net income = 7.51 M. No thanks
Cash at hand = 1.57M No thanks.

Thats all i need to know really, and took only 5 seconds.

You picked right with SLP, but your 10 percent profit strategy is a quick way to the poor house. Cut your losses quickly and let your profits grow, is not a cliche, its a the only way to make money in over the long term in this diffcult game we called investing/trading. Many will lost it all within a few years.

Look at SLP numbers, simply nothing better around.

I got to say this is one of the least stressful AIM shares I ve owned. Just put your feet up and enjoy the ride. I think SLP will be resistant to any stock market corrections - only thing that matters is the price of PGM which is determined by car sales, and with peak microchip shortage this month, there is only way that PGM prices is going to go, in fact boucing nicely off what could be the bottom.

Put it this way, its not going to last forever. Its expected to peak this month, which is coinciding with what appears to be a low in the rhodium prices. Some here are looking for the exact bottom, but given the strength of the balance sheet, and growth in earnings here, but I suspect they will end up buying much higher than the cheap price it currently is.

House broker Liberian Capital believes we have reached peak microchip shortage this month. The price of Rhodium has already risen 12 percent from this month's low of $11250. One does appear to be following the other.

ZERO debt.
$106 million in cash and counting.
Net profit of $99.8m in 12 months to 30 June 2021.
"Based on flat production of 70,000 PGM ounces, cash profits north of US$120m (£87m) should be easily achievable in the new financial year." IC quote at current low spot rates. If Rhodium prices bounces back as is expected profts will be significantly higher than $120m

And here 's the odd thing: Market cap only £250 million? That is this is trading at only enterprise valuation of about 2 times cash profits. I seen other AIm shares trading at 6 times cash profits.

Either this is a bargain of the century or I'm missing something?
I've topped today as much as I had left under the bed, and stuffed in the leather armchair:)

DYOR.

General markets of down due to US debt default fears. I'm seeing a sea of red in stocks today. If I had some cash under the bed, I would plonk it all in here and wait a couple of years for a ten bagger.

Daywalker, We just had a sizeable placement, another one before spud is not impossible, but improbable. And with a very low risk appraisal drill this time round. That said, I am now appropiately position sized in this, SLP, VLG and PTRO, meaning I will now hold CHAR past spud and after appraisial results. My plan was to sell mid spud, but a loss here would not hurt my total equity too much. I was holding too much into CHAR before hoping for quick rise, and I noticed that i was posting too much here, meaning I was starting to get emotional attached - a quick way lose ones load :) Anyyway, sleeping just right now, when you cant sleep thats a sign you are holding too much.

EggScotch, I just bought in the other day, and in profit. My timing was spot on as usual. I mean if you going to take a risk on an AIM share, might as well be one that has $91 million in the bank, made net profit of $100 million in 12 months to June 2021, is paying dividends- I've never heard of an AIM share paying dividends before! , and with peak microchip shortage this month acording to House broker Liberium Capital, you could do a lot of worse. Of course, funadmentals are not everything, if you had bought the highs of 150p you would be seriously underwater now, but probably not for too long. But this is now trading at an enterprise valuation of only 2.2 times net cash profit at current metal prices. Chart wise, chart bounced off previous lows, indicating that potential support level has been found. If that breaks I may sell, but risk reward of 10 precent to make 100 percent, a 1/10 ratio of risk/reward easily ticks my mutilbagger box. I've had 5 multibaggers in the last year. This would make it number six.

The microchip shortage is expected to peak this month. Simply put, this is the best time to enter IMO. The charts are also showing a double bottom. You calculate the numbers all day, but I doubt the opportunity to enter this low will come again anytime soon.

The microchip shortage has impacted car sales which in turn has impacted demand for the metals mined by SLP. We've hit peak microchip shortage so the situation resolves, metals demand will rise again, the share price will follow suit accordingly. I bought into today, after waiting months for the right time to buy in.

Cant go wrong with a bit of Chopin:).

I'm watching some season 10 of the walking dead, keeping me entertained...as waiting for some action here can be testing to ones patience. It is inching up it seems..at least we are out of the 5's woods again, so some slither of good news.

Good to see you have diversaficatiion in your portoflio. I'm up 200 percent in ROSE, so its a good day for me. I think I've used my daily allowance of posts here..lol

lol. Looks like Vamps deramping has enabled him to get a lower price. Now that he is, looking forward to some ramps....I'm still waiting for the right time to buy in, no ticks in the box yet IMHO.

Musicman,

I spent a lot of time researching into the next Dogecoin. I beleive that could be ROSE, so I bought in when the charts turned upwards, and it was spot on. Rocketed soon after. Its pulling back now though. Hacking is a worry..definately:)

Fingers crossed on CHAR. Hoping for a good week. Good luck mate.

Musicman,

Yep, its not easy picking out the exact tops and bottom which is why I don't bother anymore. Looks like ARB is moving sideways since the spikedown in July. Had to know what is going to happen to bitcoin, but my money is that it will stick around. Not done too much research in ARB but last I heard it was making good revenues I believe.

As for Char, the Charts are not perfect, and don't meet all my criteria.. the price is trading below all the MA's which is a big no for me generally, but the the fact that of the upcoming drill and a 3 months base, is the only reason why I;m here. I'll be exiting at some point spud time, and then looking to buy back after the appraisal assuming that goes to plan, but only after a pullback and a new base of sufficient duration has formed. As I said if support is broken ,I'll be the first out.

As for cryptoes, I'ts fascinating stuff. I'm prefer to go the direct route instead buying through listed companies with exposure to Cryptoes, such as ARB or CHAR.

My apologies goon... I'm going to try to stick to one or two a day from now... I better lay off the beer as well.

Hehe.. I'm prone to addictions and workaholic Grower. I did say I was posting too much here, thanks for the reminder. Im thanks for asking, I could do with a foot rub, old man.

Aloso. I'm super excited the upcoming apprasial and now AEMP, having to hear whiners complaing they lost all their life savings... who gives a flyingmonkeys how much you lost. I'm here to make cash, and a lot of it.

As for climate change, just now Guardian has an article .....UK ministers ‘met fossil fuel firms nine times as often as clean energy ones’. When fossil fuels eventually goes and it will, Gas being a relatively clean energy will be the last, and by then AEMP will be a nice little earner. I'm more than happy with my calculations on that. I misread the presentation when I thought it said revenue and not valuation, but as I said I had a long day that day. Also then a poster who does nothing but whine everyday and who offers zero valuable trading information on CHAR, tries for the first time here from what I can see, and I think he must have wet himself when he tried to do some revenue calculations himself, given the excitement, and then was become confused. Seriously , you ask why ive bothered to Filter Jinx?

Not sure if all this trash talk is going to entice new investors here though, thats why I havent bothered to respond and why I have a filter on JInx. it doesnt help the cause really.

Still the the trash talking is entertaining...:) I guess JInx posts had that... prob thinks he was abducted by aliens next.