PS my non financial and non share buying (sensible) partner over heard some of it and exclaimed “ I wouldn’t invest in them they sound so boring, how can they make a business grow when t✝️are so dull and unexcited” more or less what you were saying Boblitz.
Annoying to hear Horgan obfuscate on the rhetorical question of why share price is low. The answer is blindingly obvious that profits are so reduced. But he tries to blame poor UK mid cap market (which hasn’t fallen anything like Centamin) or the Israel Gaza situation caring and informed as a. ‘Significant shareholder myself’. I had a bit of time for him but not when he doesn’t just come straight, second rate I would say
Weekly PGM basket on THS website today
Tharisa mine $1355
Karo Mine $1244
Last week $1453 and $1272
The reason Karo moves less is that it is much less exposed to rhodium, which is just 14% of its basket, interestingly gold is also 14% of the Karo basket. However Karo at these prices is really a platinum and palladium mine with a bit of rhodium and gold
Chromium is just a tiny bit down, staying essentially flat
So this is the beginning of reduction in PGM output along with Karo delay etc. Hopefully the appalling prices will mean more than enough mine closures to level with the reduction of PGM use. I had my new EV delivered today, one less CAT, and our chromium will make us one of the survivors.
Well I spoke a bit too soon, back near $1400 let’s hope a pullback and not a false dawn. Chromium stil staying flat and money must be rolling in at these prices
Rebess., I would concur. We don’t have to agree with each other. In fact it is positively helpful to read views from all sides some of which we will disagree with, but focus the mind. We live in a sad period when many only want to read or hear views like their own. So please all keep posting, including Siko, but do try to keep it civil, this is not the school yard that many would like to return to, though certainly not me. So thanks all, have a great weekend, and let’s hope we head north next week.
Siko your thoughtful and gentle contributions are much appreciated by many here, as is your knowledge of Egypt, but above all I appreciate your courtesy, it would be wonderful if all here could be as courteous but we live in an age of polarisation and anger. Thank you, you are wise not to get drawn in, albeit I do hope you continue posting about the feeling in Egypt, also as servicing debt becomes harder and its economic and political ramifications.
Chromium ticked up again today on Investor.com now up 5% this week, I know not the same as what we sell ours for but usually ultimately go up in tandem and had been stuck a while like rh albeit at much higher prices. I pay for my new ev today. Wltp range 460 miles, wow, except wpa range which is more realistic is 360 and going at 80 on autobahn in winter probably nearer 240 and then should charge between 20 and 80% or degrade battery so only 60% useable, so 140 miles, so a lot of people re going to hear this from friends and neighbours and need hybrids for journeys if like me hate idea of queuing in a service station every 150miles and then waiting another half hour while charges (and degrades battery by speed charge). I hate service station junk food. So maybe hybrid demand will keep up?