George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
All I can see is that pop is range trading unless we can escape into $10 + sunny uplands. We'll see. Interesting that the current price is barely enough to meet most miners operating costs and that cannot go on forever for obvious reasons. The company will be releasing its annual figures on 30th august and I hope the market will have something worthwhile to chew on. It does'nt help market sentiment when terrorism is again coming to the fore and Donald Trump is making himself look foolish. We need wall st to be doing ok.
I had a feeling that the $10 price for platinum might be a bridge too far and that we would experience a retreat this week. We're down $13 so far today which is not too bad but there may be further falls this week. We'll see. It's a volatile market. On doing a little research into the platinum price for 2017 there appears to be nothing to suggest stronger demand down the road but no reason to worry either. The last quarterly report on platinum came out on the 15th may which suggests the next one should come out tomorrow. It will make interesting reading. It all matches your posts so far. The best thing we can hope for is improving figures at Slp. Not very inspiring but what can we do unless a pleasant surprise appears.
Pop now at $988-993. I can smell that 10 buck price level.
You are correct. Pop now $982-7 +$2. Makes you wonder if it will reach 10 bucks or retreat from this level. Onwards and upwards with a bit of luck.
$978-983 + $9. Getting better but why is our sp not improving fuirther.
$973 - 978 +$4. Still trying to creep up.
Pop $972 - 977 +$5. Slowly creeping up.
Pop is $968 - 973 currently + $2.
Well it looks like it might slowly build from the 9p level provided pop does'nt fall back. There are unlikely to be any fireworks but a steady improvement backed by stronger investor sentiment is good enough for me. The company is making headway again.
Maybe friday-itis has hit this share since mid-day but I notice the buying volume is rising which is a good sign.
Long live the board. All I can say is like you I've been around a while waiting for a turn around in this stock, but commodities have not been in great shape but now there appears to be a bit of a rally. Good and long may it last. Sentiment is a strange beast and solid profit making producers like SLP fall out of favour because there is rarely any news between quarters and little publicity outside of *************. It does'nt have the excitement of a Ukog.
Share price action is odd to say the least. Pop up $15 ie $960-965 which is a good recovery that hopefully will hold or tick up a bit more. Good buying volume but share price falls a bit in the face of better news. Strange......
Do'nt understand the fall in price. Pop nicely up $847 - $852. Vagaries of the market I suppose.
Definately a sudden flurry of interest. News imminent.....
One thing I can say this co. is no leaking ship. The lid is screwed down tight. News should be good and we'll know soon enough.
It seems my brief post on IC article created a flurry of interest. Sp has risen considerably since beginning of june so maybe it's a bit late to join in the fun. There could be a brief further push north followed by a bit of profit taking unless there's more news. Chasing rainbows has cost me in the past. Good luck to those already in. The early bird catches the worm etc. Another one thrown up in the article is STM. Wondering whether to add a bit in SLP. Still mainly in cash as the market is all over the place. Can't read it.
by Simon Thompson in the Investors Chronicle. Appears to be worth holding for improving results.
Good write up by Simon Thompson in this weeks Investors Chronicle. Worth holding for more rewards.
Some buyers appearing at last.
People get excited by the prospects of new technology industries and nothing will stop the over valuation of certain stocks until the scales fall from their eyes. Old energy stocks like oil are still pulling them in. Nuog is one of them. The whole world ramping away on their board and no oil has yet to flow in Newfoundland. The costs are high but not the prospective profits that will have to be split by what I'm reading. Will it ever make a profit..?? I'll wait and see if TW puts a spanner in the works before long. I was in GKP back in 2009. I remember putting £10k at 12p. As soon as a gusher was hit at Shaikan it quickly reached 108p (when I bailed) and carried on to around 440p. The problem I saw was that the oil could'nt be pipelined anywhere. Shame really. Investors like shares with prospects and trade them out to join the next likely winner, catching suckers on the spike. Rinse and repeat. Nothing ever changes. Companies like SLP grinding out good results just don't get the attention they deserve. It's either that or SLP is in commodities which have an indifferent image.