Member Info for Quiggers52

Terrorism at 1300...

(sorry, er, "resistance". Wrong thread haha )

US escalation and intervention unthinkable but now looking like a reality. What will the Iranians do to counter this threat? Mention was made of a blockade of the SoH. Is that feasible and if so it is very worrying indeed. What is the use of this soaring on Brent skyrocketing only to face the threat the real threat of an all our war with nuclear powers and the rogue US not abiding by international law or the UN Charter with the amateur-hour POTUS and his acolytes at the wheel....JHChrist

ING Barings expects that in an extreme worst case scenario i.e. a long blockade of the straight oil prices could double to a record high of $150 later this year

- Financial Times 14 June 2025

Depends what your target price is, time horizon, entry price, etc. Coming in 2-months ago at 45p to make a 55% return in only 66-days to my mind is the perfect time to sell if one is trading SLP.

You`re not, I`m not. At least not under main portfolio/ LTHs both.

But others are and good luck to them

GLA

Broken! - $1,293 atow

GLA

Don`t forget China, the U.S. only real threat. The WH of both sides, GOP and Dems are and always have been in respect of foreign policy paranoid in the extreme, willing to engage in war direct or by proxy with the CIA at the heart of all the machinations.

Next will be Taiwan, - with, as always, a pretext or pretence or false flag; CIA play book stuff, but make NO mistake, China`s absolute red-line. Hegseth talking tough. I`m hoping it is 1) rhetoric only; 2) the military stop him, and his boss, as that move would be insane.

70.47 atow

Doubtful but I hope that you are right!

Bear in mind, 4 years ago when Pt spot was around these levels, USD1 revenue on the sell-side bought you ZAR 13 rand on the buy-side. SLPs biggest cost is likely, wages. And my guess is its employees are paid in ZAR. Today, USD 1 buys ZAR 17.75

Every Little Helps as some grocer once said.

GLA

Yea, hit 11 and 24 Feb, and then again 10 May however. was four years ago.

And the spot price then was below today`s level.

GLA

Would increase MCap by £34M to £220M. What do you think is a fair valuation?

Based upon today` s ask with an in /out trade (price target of 85p).

Nice to see

GLA

$5,850 oz.

That is quite a jump. Fingers crossed it is the start of something BIG lol

GLA

What you state corresponds to yesterday`s high of 73. To set a limit order for a sell at 73 is pretty impressive! Congrats.

Don`t worry, I`m sure Bangrak will show up to tell us we should still be down in the low 40s!

Yes, significant breakout on long term chart: https://www.tradingview.com/chart/XMFkDvSh/

GLA

that is a personal choice. anywhere south of 40p i suggest.

as stated below, this only applies to my trading account only, not long ( 5 years in)

so the other w* anchor talking about does anyone care can **** off. on ya bike.

gla

Honestly? It is Rh which peaks my interest.

Agree 100% it would be very very nice indeedy if Pt broke out of its decade-long range-bound stubbornness of course, fingers crossed!

But even if it matched today`s Au price, (and plainly that ain`t gonna happen) it would still be over 40% less than today`s Rh spot.

Exited short-term trading position (open 56 days) for 17.24% return (including costs) with long position and no 1 holding in portfolio remaining.

This morning we see US Trade Court block Trump Tariffs so expect a spike in SP (oil already up) before he (in a few weeks?) appeals and wins of course as he owns SCOTUS and perhaps then will fall back (with all equities and bond yields falling as investors move to safety). If that happens, will be another short-term buying opportunity.

This yo-yo effect is of course uncertain so any returns are a bonus in my book.

GLA

You're talking about the 6E prill split? If we look back historically, the Rh split has always been around 9%. But as we know the Rh spot back in 2021 was off the chart going near to $30,000 / oz IIRC and since those heady days declining since obviously to where we are now at about $5,500.

During those years, the Rh split has always been 9% or thereabouts. But that is not the revenue split in the sense that 50% of the revenue is not generated by Pt sales. It cannot be if the Rh spot went from $30,000 to $5,500.

So to illustrate if we assume production of 1,000 oz with Rh [9% prill split] at $10,000 p/oz. and Pt [50% prill split] at $1,000 p/oz. To give Pt sales of 500 oz. x $1,000 = $500,000. And Rh of 90 oz. x 10,000 = $900,000

I think that is the way it works. So basically Rh is more or less 5 x the price of Pt. (now) but 5 x less in terms of production. Back in the good ol` days it was nearer to 25x the price! For short period anyway

Yea fair enough but 50% of SLP`s basket in terms of rev comes from RH and that is and has been for a few weeks stable at about $5,500.

Not complaining mind.

Now 11.5% jump.

Nice!