Member Info for Treadstone

beginning to recover $915/922 per ounce from its lows. Hope this will continue and the sp improve a bit. Wish the directors would be a bit more forthcoming on plans for the company.

Possible new high for the year - a great idea but we'll see. Quarterly results should be out around the end of this month. The irritating thing about this stock is that there is little news between results so who knows whether they will be better this time around. What will be interesting is to see how project echo is doing to help production and length of life of the various operations. Should invest more but still a bit nervous of the market which is all over the place. However Im happy to be invested in something that is profitable and with no debt. So many stocks are just speculative with not much to back up their valuations.

Yes the loonies have taken over the asylum in SA. It's up to the South Africans to do something about it. It's hardly good to have your credit rating reduced to junk status. I believe from a newspaper article that there is going to be a protest march this friday with everyone involved wearing black to express disatisfaction with the ministerial sackings especial the finance minister. They are going to have to ratchet it up with rolling protest marches to remove Zuma for good. Everyone knows he's a crook spending state money on his numerous properties etc and perhaps they will look to South Korea as an example of how to deal with corruption ie lock him up and put him on trial. SA needs to reverse the sackings and impress the credit agencies that it can be trusted. The choice belongs to South Africa. That apart how good do you think the results will be and where the sp might end up?

Thanks for your post. PGMs down around 0.7% this morning. A slight correction to yesterdays rise. All depends on dollar exchange rates unless there is a rise in demand for platinum group metals.

Pop now $978 - 983 +$16 + 1.66%. A good rise for the day and the market drops the share price. Just the wider market malaise hinting that the Trump bump maybe over or perhaps the dollar is falling back a touch. All good for Slp if this pattern continues. Commodity prices have remained subdued under a stronger dollar. We'll see in the days ahead.

$968-973 yesterday. Apologies for typo.

Better trading volumes today. Pop $168 - $173 +$5.00 at 3.55pm. Hopefully the sp will move up soon.

The market is certainly a strange place and does not always follow logic. Both pop and gold up $12 and Wall St seems to be absorbing the rate rise without a blip. So who knows. I am as confused as you. AAL is back in profit and about to resume its dividend. A few months ago the picture painted looked different. Volatility in the extreme. Will have to wait for things to clear to see where the truth lies.

I would never say the rand is in bubble territory as no one has confidence in the politics of South Africa, however it has improved against the pound chiefly over brexit worries along with the dollar and probably other currencies. Our own economy is hardly in great shape either with hight levels of debt and Scotland stirring the pot over the single market etc. My main worry is the loony policies of the ANC govt with president Zuma and ultra loony Julius Malema threatening to seize all white owned property without compensation. This will send SA down the Zimbabwe route. However I gather Zuma is not popular and the more moderate Democratic Alliance has won power in Jo'burg, Pretoria and Capetown. The ANC is losing it's grip and people hate the widespread unemployment and corruption that's endemic in the country. It's all a bit sad really but hope is still there that things will improve in time. Zuma has to quit in 2019 but who will the country get as a successor. Enough of African politics As for Pop it is being governed by the prospect of rising US interest rates. The first 0.25% rise is due today. Rising rates normally depress commodity prices valued in dollars which explains the 10% fall from its highs. It should bounce back after a while. We'll see.

The rand exchange rate is around 16 to the pound today. It used to be as low as 22 so if anything it's improved a bit. Anyway costs are in rands and income dependent on dollar price of platinum which has ticked up a bit when I last looked this morning. I fully agree with the rest of your comments.

Pop is up $3 today but the price is very low at around $935-$940 level. At the beginning of the year I was reading platinum demand was going to be rising this year as the price was then around $1040. With the prospect of slowing economies heading into the rest of the year I wonder what the pundits think now. I just hope we can sustain a bit of a bounce once the Fed carries out its promised rate rise of 25 basis points. That's if they actually do it after reading the tea leaves.

Well pop has dropped not far from a hundred dollars since its high. Commodity prices falling almost everywhere I assume based on prospect of US interest rise this month and maybe another later in the year. Not good for any country in the world least of all the USA but the Fed is determined to try and make some headway to normalise rates.

Pop $1008 - 13 -$6.00 - O.59%. I assume this fall is due to US interest rates being set to rise this month. Should do better when the event has passed.

Pop $1039 - $1044 +$12 +1.17%. It looks like your prognostication of a rise in the price of platinum may be beginning. If the rise continues and is'nt just a blip this could make a real difference to Slp revenues and profits this year. In the meantime we'll have to wait out the profit taking.

Pop is $1026 - $1031 + $19.00 + 1.85%. Not bad rise for the day. Interesting link but it has'nt told me anything You and I don't already know about jewelry and catalytic converter uses for platinum. However should demand grow leading to a higher sustainable price the result could be good for Slp especially if the share is tipped. We'll see. Meanwhile the sp is tailing off as usual now the main news (results) is becoming old hat. I just wonder how low the price will go before turning around. I will add at some point because I believe this company really is exceptional. However many an investor tend to prefer investing in the potential of a company rather grinding out production. Hence the run up in stocks like IRR, EMH etc long before a spade is put into the ground.

You are indeed correct but profits look like they are going to continue to increase gradually as costs are being kept down after re-reading the interim figures. Still excellent news imo and with no debt things still look good here provided the price of platinum continues to hold around current levels.

I meant the current 35000 ounces. Pop in and around $1000 per ounce.

looking to retrace a bit probably because there'll be little news until next quarters results ending 31st march to be released in april. It's as if few investors read the good news in the last quarters results fully. Project echo is already underway and production upped to 60,000 ounces pa promised from the current 3500 ounces. A staggering increase in production let alone revenue and profits is on the cards for this year. I've recently bought back in with a small investment having sold out earlier which was a mistake. I will add on any further weakness before the next results.

Quite agree with you judging by the incredible results released today. Investors it would appear would rather chase up EMH, which has no production, sales or revenues. Lithium is the new gold as people become obsessed about electric cars leading to a cleaner environment. I'm all for that but the yields do not look all that exciting and Lithium is'nt that rare either. How do you put a value on a resource in the ground that has yet to be mined. Irrational mania has always overtaken certain stocks that become flavour of the month. You can add Snapchat and Apple to insane valuations while I think about it. I should never have sold SLP seeing as it has begun to reach higher ground, but it will be worth watching to get another entry point. Difficult to judge with the market so irrational.

You are not alone. I bailed with a profit at 9.6p but at least I made a profit. Share price behaviour does'nt always follow the charts. I should have added at 7.5p and held but that's with the benefit of hindsight. Previous sp activity suggested 10p would be the top. As you say this can go 8p - 15p.