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ok! and i thought i had too much saltwater in my eyes....lol. yes, right about that time frame should do it.
thanks for that. i could've sworn i thought i saw december 2010! cheers for the correction - just checked it again and u're correct. apologies if that mislead anyone.
is that right? basic earnings per share is really only 5.7p against a share price of 870p? have not done any research here but just saw these comments u just posted. that's a PER of 152!!!
hey mate, just to say that if u buy into SLV, it has to be long term. sell in 2012 or 2013...because 2011 is the year SLV should really start to take off. take a look at the production forecast graph in the last presentation :- http://www.sylvaniaresources.com/im/files/documents/071010%20SLV%20October%20Presentation%20ASX_Amended.pdf turn to page 25. volspruit and lannex will be key towards SLV's future. and lannex is scheduled to reach optimum production capacity by this month. hence, 2011 is the year for SLV. flip back a couple of pages here to find out more info.
yes, i remember u and glad to see u're still here. as for ORM, i do remember u telling me about it and i did have a look at it. but i felt that 2012 was too long for me to wait. i do note the recent article by proactive investors and i think that is causing the current rally. to be honest, i have some doubts about china's economic numbers and with tungsten, i feel that it isn't a metal that has good balance of demand and supply in the future....apparently, supply growth may outstrip demand growth. http://www.articlesbase.com/public-company-articles/tungsten-industry-boom-2320716.html anyway, if u're in ORM, congratulations...don't forget to top slice and let the freebies run because there is every possibility i could be wrong! =)
hey mate, abudhabitrader is the gatekeeper here. =) i'm just helping out. abu - yeah, i do think we will see a rerating by the end of Q1, hopefully earlier but at the latest, Q2. just less than 6 months away to a possible 100% capital growth.
aaaahhh..but u see mate, i'm not in britain. i'm basking in glorious tropical sunshine - got out before the blizzard, courtesy of terry mcconnachie's lear jet. lol
sure. i'll tell the market maker for SLV when we play golf this weekend.
analysis by richard bloch of seeking alpha :- 1. more cars on the road, more demand for palladium 2. potential tight supplies - russian stockpiles dwindling? Source: http://seekingalpha.com/article/240393-why-palladium-could-shine-brightly
http://phx.corporate-ir.net/External.File?item=UGFyZW50SUQ9Mzk5Nzd8Q2hpbGRJRD0tMXxUeXBlPTM=&t=1
"Another reason investors might prefer platinum trading to gold trading, for example, is that platinum is more expensive. This means that any rise in the price of platinum is worth a greater number of dollars than the corresponding percentage increase in the gold price. In addition to its traditional use in fine jewelry, platinum is increasingly sought after by industrial and chemical users. It is utilized in the production of gasoline, LCD screens and other electronics, medical devices and catalytic converters. Most spark plugs are platinum tipped. Anyone who chooses to trade platinum and invest in this rare metal is ideally placed to take advantage of the rising demand for high-tech products, especially from China and other fast-growing economies." Source: http://www.emailwire.com/release/53329-Platinum-Trading-as-Part-of-a-Successful-Investment-Strategy.html
"Palladium is interesting because it is attached to Chinese auto demand growth and there was also an exchange-traded fund introduced earlier this year that could inject more investment demand into the equation. Palladium, at around $760 an ounce, trades at less than half the $1,720 price of platinum. Palladium is in big demand for catalytic converters in cars and car sales in China, India and other emerging markets are “going through the roof. Demand for palladium in auto catalysts is expected to rise by 27% in 2010. Palladium remains well below its nominal high hit nearly 10 years ago of $1,110.50." Source: http://www.commodityonline.com/news/Time-to-look-beyond-gold-34181-3-1.html
http://www.bbc.co.uk/blogs/newsnight/susanwatts/2010/12/how_is_fracking_stacking.html
"The boost for platinum comes from the increased demand from heavy diesel vehicles in the global market. India and China posted huge growth in the auto sector which helped platinum and palladium to gain substantially this year. Even the US auto data shows that the demand for vehicles has gone up this year." "A primary driver behind the expected elevated demand for catalytic converters made of platinum is because of their ability to reduce noxious vehicle emissions. As for the future, this demand is expected to remain elevated as the European Union follows the US in imposing tougher heavy-duty diesel emission standards. Furthermore, demand for platinum in catalytic converters is expected to increase due to the metal’s higher efficiency in absorbing diesel-engine emissions than its sister metal palladium, which is the catalyst of choice in gasoline-dominated automobiles." "In addition to an uptick in demand from diesel-fueled vehicles, growing world economies also will further demand for platinum. The metal plays a significant role in electronics in that it is used in the production of hard-disk drive coatings and fiber optic cables. As demand for personal computers remains elevated around the world and is expected to further increase as personal incomes rise in developing countries, demand for platinum will likely see positive support." http://www.commodityonline.com/news/Diesel-auto-boom-to-help-platinum-shine-34001-3-1.html
"Japan’s Nikkei 225 Stock Average is likely to return 20 percent next year, while a basket of crude oil, copper, cotton, soybeans and platinum will gain 28 percent, they said." http://www.bloomberg.com/news/2010-12-01/goldman-sachs-boosts-growth-forecasts-recommends-investors-buy-u-s-banks.html
hey mate, i didn't budge much regarding the relocation of domicile to the bermudas. i trust the management to make the right decisions - they did inform our risks as investors, in the RNS. the focus should be on the smelting agreement on volspruit! =) NKOTB, haven't seen u posting for a while. i've just had a chat with FJP too - he's well. but freezing his n*ts off. =)
hey mate, welcome to the LSE forum. here's an interniew with terry mcconnachie that will possibly answer your questions about costs - not the date of the interview, about a year ago :- http://www.finnewsnetwork.com.au/archives/finance_news_network13121.html here's a WSJ comment(just released yesterday) :- http://online.wsj.com/article/SB10001424052748703572404575634582919057898.html?mod=googlenews_wsj note the comment..."But supply may struggle to keep up with demand. South Africa's deep-level mines produce 80% of annual output. Edgy labor relations, safety considerations and the rand's strength against the dollar make expanding output difficult. South African output is forecast to fall slightly to 4.6 million ounces this year." and SLV has increased production by almost 10% per quarter. so SLV is so far, making all the right moves. as for pricing, read some of this :- http://www.bloomberg.com/news/2010-09-29/platinum-targets-1-750-buy-the-dip-barclays-says-technical-analysis.html the calculation for USD$1750 X production was an estimate, unless abudhabitrader knows the exact SLV output breakdown figures. also, won't hurt to understand PGMs more on wikipedia :- http://en.wikipedia.org/wiki/Platinum_group lastly, check the production forecasts for volspruit and lannex in the last presentation. hope that helps.
"Another palladium producer, Sylvania Resources, saw the PGM production increase by almost a third during the first quarter of its 2011 financial year. The company announced that output totalled a record 8,758 oz, representing a 32 per cent rise from the previous three-month period. Sylvania had initially predicted that it would produce 8,000 oz, but the final figure was boosted by an extra 137 oz of PGMs being received following refinery corrections. The impressive performance is also being attributed to operations commencing at the R97 million Doornbosch PGM and chrome recovery plant, plus ongoing improvements at the firm's other four plants. Sylvania is now targeting PGM production of 40,000 oz for the full financial year to the end of June 2011. Palladium’s price point has risen nearly 50 percent during 2010, nearly twice that for gold and three times that for platinum, palladium’s chemical cousin. Price’s for palladium are reaching their highs for the decade, and these levels would be a record had not the market been distorted back at the turn of the millennium." Source: http://www.commodityonline.com/news/Palladium-miners-post-big-gains-33173-3-1.html