Member Info for Shanny80

No news is good news, I think. Been sorting my QQ. stop loss, hope everyone has one here. I'm still of the gap at the open opinion but could very very easily be wrong. Velo is another very informed poster here, great work Sir.

Things looking better here, I hold, back above 87p would be bullish.

Long here, bought at the close, volume up considerably.

I can assure you I'm not a troll, can show you my £2500 buy. My post on fund raising was ill judged granted, but it was a genuine question as I've not done even half the research most of you have done. It really is amazing how much you all know on this company. It made my watchlist due to the great looking fundamentals, eps is fantastic, something I always look for. Search criteria inputted into Stockopedia and SLP presented itself. The 115p I muted yesterday was sharp and fast, wasn't expecting it to close at 115p, I thought intraday this level would be tested and back up. A close is more concerning but it's not a disaster, sure we all have stop losses in place. Who knows what tomorrow will bring, I predict a gap up at the open.

Absolutely stoodio, chin is strong enough. Money to be made here for sure, patience is a virtue.

You'll get told off for mentioning sub 120p on here, ha! Potential to test the 20 week MA at 115p for sure, I bought today at 121p after test of lower trend line. Happy to see how it goes, risk management in place.

QQ. on the move, if it stays/closes above 340p with volume then might be worth hopping on board. Sorry for the off topic.

Long @ 121p also, first time buyer.

Risk reward ratio is to the upside so no shorts from me. These small speculative shares seem to attract those with confirmation bias and a hostile nature, not everyone of course, some very reasoned responses here today. Will look at an entry nearer 120p area, if none appears then another share will be along in a minute, zero emotional attachment with any of my investments. Hope all goes to plan for everyone here.

I didn't know their risk profile is different to that of a normal mining company. My research has gone as far as the accounts statement, RoC, RoE, ROCE, EPS growth etc and any risks I can foresee. Risks are a long way down the line so hopefully no spanner in the works anytime soon but the market seems to be factoring in a wide safety margin at present, just makes me cautious as, like is said here, the current valuation is ridiculous. But like Sirius says, don't overthink this, I'll probably be gone before any issues of equity raising are required, but just one RNS can change everything and spook the market, I've seen this back in the day with oil shares pre and post the 2008 financial crisis.

I just mean in way of any grand expansion plans or may be acquisitions, also plant and equipment is very costly. A joint venture may be needed with a bigger firm with deeper pockets for equity, global investors are moving away from heavy industry in favour of cleaner sectors. The capital squeeze started a couple of years ago, a number of specialist funds have shut up shop. Mining companies may be forced by governments to become more sustainable and run on renewable energy. Granted this is much further down the road than I said in my earlier post, it's just what I'm considering before buying. Guess I'm looking for any red flags to put me off as the company is in great shape, everything points to a strong buy at present, hence why some have topped up on the latest weakness/dip.

Is there any possibility in the next 6 to 12 months that SLP will need a placing to generate funds? I see they have cash and have less shares in issue due to buybacks, which I like, but these types of business are expensive to run.

Couldn't agree more, I've done all my fundamental analysis, to rely on charts alone isn't for me. I'm just trying to time my entry and I'm now very interested in this share since alert was triggered on Friday. I hate to be under water soon after buying, like it or not, price reacts at certain levels so it's something I always consider. The difference in buying at 120p and 150p if aiming for 200p area is massive, some 60% profit versus half that at 150p so for me it's vitally important. We're all here to make money after all. I just wonder if some momentum will be lost as no scheduled news until July I think. Wonder how many bought at the mid to late 130's, potentially 10% down now. I'm wondering if a quick shakeout Monday morning then back up, we'll soon find out. Plenty of time to have a think over a few brews, hope you're enjoy your Sunday.

What are your thoughts on the weekly chart? Looking a bit weak in my opinion, test of the lower channel at 120p or even the 50 week moving average at 115p potentially?

Great entry price, was on your radar early, some good research there. I just wonder if it'll drift after this excitement and with inflation worries these smaller stocks get hit most. Will certainly keep on my watchlist as, like you say, it's a great company.

I'll be selling, bought last week at 75p, see how high I can get to the top of the spike, presuming there is one of course. All eyes on 7am for the RNS.

I agree but results not till August so will get traded until then perhaps.

Interims tomorrow, I suspect good results but how will you play it, sell on news or happy to hold? I see 110p here in the medium term.

Sold earlier in the week for a small profit, this line from the Edison report makes me think I've done the right thing.......

"the market seems to be factoring in a wide safety margin for a prospective normalisation of activity levels".

Will keep on the watchlist.

Holding up well today considering the market is losing it's head. Sat on support nicely @ 73p.