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there is some annoying people out there starting to put a downer on SLP which is frustrating as if we are going into a 3year min period of insanely strong Rh prices then SLP should be beasting it!!
(1) These twits from conker's corner - they keep tweeting out this rubbish without even fact checking, listening to there podcast where they think SLP is risky just because the share price has gone up a lot and then start talking about platinum a lot...ok weird, no knowledge or mention of Rh and Rh market deficit
(2) Jack Brumby from Stockopedia keeps spouting on how everyone knows about SLP so it must be no good because everyone is in it apparently, what?!
(3) Steven English - guy from Stellar Asset Management who knows diddly f all about mining saying costs will go up on mello when SLP themselves have them going down on a two year outlook
I'm sure SLP will be fine but it's annoying as these twerps as massively influential and spouting this stuff all online, particular the conkers corners guys are the worst. They go on and on about share ramping if the share isn't theirs but then shares they own like Duke say, they tweet all day about but that is ok but that hasn't risen a lot yet. Like they are not successful investors it seems at all... they both totally ignore momentum and market dynamics.
think it's 22nd, closely followed by ex divi on 28th? presume this is the ex divi for normal payment and not windfall payment??
odd how weak the sp is today, maybe just the usual mm's playing with the price or some fallout from aaz even though totally different country? Rh v high, China car sales v high so not sure what the bear case is, anyone?
Thinking of topping up if this drops again tomorrow, the fundamentals are too strong. Rh and pall in particular. Next update and an ex dividend date all in under a month too. The swings in sp are painful though
BOOM yea, with plat, rhod, & pallad all moving up - rocket to £1 baby
i've visited two actual sites the past few weeks and they have been heaving beyond believe. With people not travelling, leisure at home demand could be even higher. BOWL has around 60 sites across the UK, so even with some kind of terrible scenario with several cities being closed down, many will remain open and closed down period is likely to be only a few weeks. Given it 3-4 months with results due in April this could be pushing 320-350 IMHO DYOR
couldn't agree more. This is a solid business that should be in the 300s as a min. I topped up when it was around 240 ish as just couldn't believe my eyes. I see standard aberdeen have increased their stake also
Not sure if SLP can benefit from this ruling:
https://www.ft.com/content/f97485dc-4693-11ea-aee2-9ddbdc86190d
Very good report IMHO
I have added to my holding and am surprised by market response
@James - in a year this will probably look like a trough... even with average prices, the longer this goes on the better
From following recent events there was some downtime in December due to powercuts but that was it. Given how high all 3 metals are that they are exposed to, this seems to be a glaring valuation mismatch. I added again on Monday.
Most brokers would disagree with you, even the worst is not writing the company off lol. US Q3 cinema results have been solid as well. Bear squeeze coming Tuesday.