Member Info for Ritchtea

How exciting............looks like its just me and thee aj.!!!!

Indeed that was the answer............its kinda critical to whole concept of share TRADING!! Still only joshin.................!

Only joshin'.............. ;-))

'someone has to sell for another to buy, and someone has to buy to allow another to sell.'.................that's investment gold OB, have you thought of turning professional and charging? I think you have a special talent !!! ;-))

Isn't it great when a plan comes together?!

http://www.investegate.co.uk/article.aspx?id=201001081110462546F&fe=1 It would appear that its all change at Exploration Towers, after that revised estimate have heads been rolling and Mr Candy kicking ar$e?

I agree with you, the Arabs have a some strong buying power and are going to demand a good price. It would appear that now there are 3 Quataris on the Board , there is a strong buy signal going round the bazaars in the Emirates. IMO there will now be a few weeks of stake building whilst the word goes round to all their mates to jump on board, then an offer.

You and your bleedin' Rhodium.............your obsessed man!

“We did emphasise in our latest publication that we feel the ingredients are in place for a spike in PGM prices.” The analysts expect strong demand for platinum, palladium and rhodium from rising demand for vehicles in the emerging economies, combined with more stringent exhaust emission standards. The share prices of SA platinum producers are rising in line with higher dollar prices for PGMs, but a key issue is the rand. The South African currency has continued to strengthen against the dollar and so rob the mining companies of the benefits of higher dollar metal prices. The rand this week traded as high as R7.26/ $1 - about 30% firmer than levels of around R10/ $1 which prevailed at the beginning of 2009. The platinum companies calculate their revenues on a “basket price” which takes into account the mix of the PGM they produce and sell. A platinum company executive commented: “Everybody seems to be watching the dollar prices and not realising that the platinum mines are still getting killed on the rand basket price because of the strength of the rand.”

Platinum charges ahead Brendan Ryan | Wed, 06 Jan 2010 15:20 [miningmx.com] -- THE platinum price has jumped above $1,500/oz, reaching levels last seen in August 2008 and pulling the share prices of SA’s top three platinum groups back to near their 12-month highs. Platinum closed in New York at $1,527/oz on Tuesday and has carried on upwards in Wednesday trade in London, reaching $1,543/oz. At the same time palladium has also strengthened, closing in New York on Tuesday at $419/oz and continuing to rise on Wednesday to $421. Again, these are price levels last seen in July/August 2008. The rhodium price has recovered over the past year to current levels of about $2,500/oz, from a low of $835/oz last January. The price rises can be attributed to concern over future shortage of supply. The major use for all three metals is in the manufacture of the autocatalyst used to clean up vehicle engine emissions. Demand is rising as the world economy recovers, but the major South African producers all face serious production problems which have either capped or cut their forecast output levels. According to metal trading firm Johnson Matthey (JM), South Africa accounted for 78% of the world’s total supply of platinum in 2009 as well as 35% of world palladium output. JP Morgan analysts Steve Shepherd and Allan Cooke believe that pressure on the demand side is going to increase following the launch of two new US-based, commodity backed exchange-traded funds (ETFs). They described this additional investment-linked demand as a “double whammy” that could lead to a price surge, because it is coming on top of increasing industrial demand for the metals. One of the new ETFs will focus on platinum and the other on palladium. The ETFs will be traded on the NYSE Arca exchange and will be backed by physical metal held in the vaults of Zurich Sub-Custodians in Switzerland. The analysts believe that demand for platinum through the launch of this US ETF could be greater than the 200,000oz initially estimated by JM in November 2009. They said: “We recall that when SPDR Gold Trust was launched in late 2004, it emerged as the single biggest ETF globally within months of its launch. “We believe the response to these ETFs could be similar. It is worth mentioning that both platinum and palladium ETF holdings were at record levels last week, with platinum holdings at 681,000oz and palladium holdings at 1.168m oz. “In our view the launch of these ETFs in the US is likely to act as a positive catalyst for the metal prices as investors position themselves for the tightening platinum group metals (PGM) markets we foresee over the next few years, at least. “Our published 2010 average price forecast for platinum is $1,506/oz and for palladium is $413/oz We note that both the metals are currently trading above these levels. “We did emphasise in our latest publication that we feel

£45,000 purchase just gone through. That must have been Market Boys small change from his Rhodium purchase, I expect B and Q we're doing a New Year special of 15% off everything! OB, can I borrow your Rhodium plated sledge? Snow finally......hurrah!

panic over Market Boy .......Oilbarron found some Rhodium at B and Q, and just in the nick of time by the sounds of it! Are you planning on mixing it with some nickel and plating some cheap Japanese digital watches? ;-))

I see what you mean, over on ADVFN there are 250k buys and getting on for 2 million sells. However, the spread on this one appears to have been only 1p all day and as such if the Arabs are stake building they could easily be getting a penny discount. The buys and sells are listed purely in relation to the quoted bid and offer price, as an automated assumption. Tough call, either someone was dumping or buying......in view of the RNS, T/O rumours and todays price rise I would assume they were buys. It will be interesting to see how this pans out, the Daily Mail article was from the tail end of Nov 09, very little movement since then, till today. Hmmmmmmm............. ;-))

You do!

Trading update is on 8th Jan.............Thursday, I've just checked their website. I assume your prediction still stands? Might be nice for a 10%er? Mrs T ;-))

you mean the fall out with Aquarius? Not as far as I'm aware. I was under the impression that the issue was relatively unimportant in the grand scheme of things, however, I wait with baited breath to find out whether the placing is to cover the legal costs.......LOL! On that note, I'm off, goodnight!

Agree, there's not much we can do now till Wednesday or when they announce which ever is sooner so if we are in/we're in. I don't think last weeks drop was that major to be honest, however, the share is on the bones of its ar$e SP wise already. The only thing I will consider doing is widening the stop on my CFD as I wouldn't like to get caught out in the kerfuffle! Even short term this share is way over sold regardless of any placing IMO.

I disagree, if it is for a takeover it could affect the share in a positve way, it just depends on the discount they are offering and the level of dillution. However if it is a take over of JLP/BRR then it will be good for the SP as it will give SLV 'mine to market' processing, which will save a good deal of money.

will certainly be interesting to hear how much they want to raise and exactly what for? I wonder if its to buy out JLP?

Sorry OB, I didn't read page 2, guess I'm not sophisticated enough to buy in then!! LOL!