Could be time for one last investment. Question is whether this is really the right time? Lack of liquidity so close to the presentation is a concern! Will this fall back now as per all previous announcements!
Rosewall,
Another couple of weeks like the last couple of days and I might be back to my BE price! Although I’ve always thought the story was good I was annoyed that the market didn’t recognise it!
Sumo
After a couple of great days I hope the broadcast tomorrow kicks the SP to 3p+ as the market wakes up to the real value of what is being delivered here.
Looking at the SLP results and valuation based on producing 70k plat ounces this would seem to mean fair value of JLP to be £35m including all plat production, excluding Kabwe? SP needs to start reflecting this?
Still puzzled why PI’s invested at 3.6p if the Kabwe story isn’t solid and sufficient to move the SP back up. They must’ve been told the path wasn’t straight forward?
All I know is that in the bizarre world of JLP a decline in the platinum price is used as an excuse to bomb the SP, and when it recovers it is ignored!
With a beak even over 3p happy to be seen as gloomy here. The story is good, the sentiment is not and SP’s need sentiment to be supported! Hopefully the next quarterlies will show real progress!