Member Info for Treadstone

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.

price seems to be retreating a bit. Perhaps it's the prospect of battery driven electric vehicles taking the market by storm and the volvo story stoking up a bit of fear. Anyway it won't be long before we get some results from the company. I see share prophets are thinking of shorting Tesla motors. If that company gets into difficulties investors may feel less keen on the prospects of battery driven cars etc. Tesla's valuation is pretty crazy.

Sorry for not replying earlier. Lse site very slow for the last few days. I emailed to complain and they said they were working on the problem. It appears to be better now. Metal prices are difficult to predict at the best of times because there too many factors making up the price. One spanner in the works could be rising interest rates and the US dollar so who knows. There are 2 late trades of 1m shares from 3rd july so somebody believes. I will see what the june qtr has to say for itself.

Yes and good buying volumes. June quarterly figures out later this month. Hopefully the forward looking statement will be optimistic. research tells me a rise in pop not expected until 2019. Who knows..

You may well be correct regarding the mining charter. Moreover there have been significant job losses in the mining industry in South Africa, so it would not be sensible to drive investment away. The problem with markets when they are in fear mode is that however well any miner is doing today the future is perceived as being bleak. Therefore share prices tend to retreat or move sideways. It does'nt help when govts then decide to put a spanner in the works to curry favour with black voters. It just worsens the uncertainty that markets don't like anyway. I notice the spread is rubbish here which reflects a lack of trade. I have to say I don't know which way the market will turn with this stock. Pop is'nt that bad but I don't have an idea of platinum demand, and whether any stocks of the metal are languishing awaiting sale. All I know is that SA is the sole supplier of the metal and that means assessing the situation should be easier than say iron ore. We'll have to see if the sp has much further to fall. Your guess is as good as mine on this subject. I can't see anything that suggests a fall in production coming up and reviewers are suggesting now is the time to buy. I have cash to add as I bought too high originally but it all hangs on sentiment and whether we can avoid a banking crisis. So I will wait'n see. Any further thoughts...??

Interested in the points raised in your post last thursday. Would be nice for the company to get its loan repaid after a series of extensions have been agreed. It's the first time I've heard about it. Shows how on the ball I am with this stock. I am getting a bit despondent with the share price continuing to fall. Sellers keep appearing out of the woodwork for one reason or another despite pop being reasonably good in dollar terms. If I search around for reviews of SLP I'm seeing a number of buy recommendations at these levels which expect fairly good results next qtr. Nothing in last qtrs results hinting at trouble ahead. So what's with the drop? Can anybody explain it ...??

Share price action just shows what can happen to a good small mining company that reports little between quarterly figures. Fourth quarter due 30.6.17 will probably released late july. Judging by march figures progress looks pretty good unless I'm missing something. Hopefully the sp will turn around soon. Pop currently around $930 level.

In a business section of a certain newspaper today. PLATINUM MINE IN $2M LISTING. A Brazilian platinum mining project is to raise $2M by listing on London's junior Aim market. Jangada Mines will use the cash to to fast-track a feasibility study, and pre production at Pedra Branca Mine, formerly part owned by Anglo American Platinum. It has 1m ounces of platinum and palladium, rarely found outside South Africa. Interesting announcement. I wonder if that's the reason pop has fallen a bit this morning. It's a long way from doing anything production wise. I'm more concerned about rises in US interest rates in the USA, which coupled with the cancellation of QE there could have serious detrimental effects on the world's largest economy. Everything appears very shaky everywhere at the moment.

in Shareprofits One Free share Tip by Gary Newman. Will see if he is right about this being the bottom of the market for platinum prices.

Well the immediate reaction to small rise in US interest rates has been a fall in Pop but that's inevitable. As to whether the drop will be partially reversed depends on how the market assesses the future ie will there be more rises in the pipeline and when this year. It's difficult to gauge the market. I will wait and see the next quarterly results from the company. I think they will be better than the market expects. Furthermore our sp depends on the rand/£ exchange rate. I got a quote of R16.40 which is quite good but that's because we have our own economic/political problems here. South Africa is in recession by the definition of 2 negative consecutive quarters, but the rest of the world has its problems too. The market place is volatile and difficult to read going forward. Any thoughts ??

The share price has been rather poor of late for no good reason that I can see. Just market doldrums between quarterly figures. By the look of it buyers are returning at last.

Pop up $860/5 + $8 today. Weakening dollar I assume. Sp should react better than it has.

Who knows. The market is so volatile these days I can't read it at all. Today's predictions are promptly overturned a day or two later as I've said before. Will US interest rates rise..?? So nailed on a while back and now there's talk of it not happening after the latest economic/trade figures. No wonder I've largely pulled out of the market. What with the election, brexit and massive levels of debt that no politician has seriously addressed things look mighty uncomfortable all over. I have a little in SLP but that's all. Otherwise I'm just watching.

Volume up and pop up $21 on the day.

Agreed but I have to say there's so much conflicting information out there that I don't know what to believe anymore. Yesterday I read of a looming worldwide recession and this morning western economies are doing ok. Whose correct...?? On thing I can say is that the standard of debate on the General Election here could'nt be worse judging by the channel 4 farago. Compo corbyn dressed and prepped by media experts was a bit obvious and not real, and submarine May hopeless at putting herself across. She is no economist or a confident Mrs Thatcher type and that showed. She should have killed off Corbyn easily but lacks the confidence and ability to do so. One important fact seems to have been left off the debating table is the simple but vitally important word DEBT. We and most of the western world are drowning in it at the personal, corporate and national level. It's this that's hampering the government and its ability to spend its way out of trouble and keeping interest rates so low that there's no room to move. The problem with a general election is that voters want sweets to encourage them to vote your way. May is offering more austerity (ie the necessary truth) but that's not an attractive proposition is it. They want Corbyn's magic of pulling billions out of a hat even if they know in reality it can't be done. It's this that has got this country into such trouble, that we are now too close to economic bankruptcy thanks to past politicians who are never held accountable for the mess they cause. I have no answers except to say we can do with better leaders in this country. Judging by the letters I read in the newspapers its making a lot of people angry.

IF interest rates rise soon in the USA as mooted in the press metal prices will not do well imo. However the prospect of a stronger dollar in itself will cause problems for American exports. Already Trump is threatening tariffs against Germany to right the balance of trade which currently is in Germany's favour and will be more so if the dollar strengthens. Tariff wars are not the solution to trade imbalances and will threaten free trade agreements. Stresses are building up. Trump likes to pick fights even if his threats are a bit hollow.

Hope you are right. Pop holding in $940 range.

Many shares appear to be suspended or delisted today. Either there is a problem with the site or it is being worked on.

$944/949 per ounce. Up $5.00 again thanks to the falling dollar. US economy showing signs of weakness and Trump getting into political problems of his own making. Wider market following Wall St signals for the moment.

$935/940 +$16 +1.78%. Sp beginning to tick up.