Member Info for Treadstone

Pop $919 - $924 an ounce on Kitco. Not brilliant but our sp is oversold hence the tick up.

Thanks for your string of posts. Will print them up as a summary of of PGM's possible optimistic future. Maybe we'll be able to ride thru the Feds 3 rate rises next year without too much trouble. They're talking about a further 3 rises in 1919. somehow I doubt all these rises will come to pass. US debt is high enough without another $1 trillion being added to it. A rising dollar may also cause problems with rising imports and falling exports. The Trump mini boom may end abruptly. You can add a brewing scandal surrounding Russian interference in favour of Trump during their election. Something Trump denies as he appears to be cosying up to Putin one way or another. The CIA is not an organisation you want to make an enemy of. It may get interesting in more ways than one. We'll see. Anyway nice to see a small tick up in the sp today.

$906 today. Up $11 which helps a little.

Pop down 4% to $893 on Kitco. Probable reaction to US interest hike which is imo very small.

You can google the following. Platinum supply\demand. Glaux and HSBC predictions through 2021. Written Feb 2016. I appreciate your concerns that rising demand would be better than falling supply, but I don't see from what I've read that demand will rise by much more than 1% or so whilst the current pop may act as a squeeze on marginal mines. With rising US interest rates we'll have to see if PGMs will fall by much or not. It depends on how many rises will actually occurr. A rising dollar will harm American exports and suck in cheap imports apart from other consequences of printing one trillion dollars. There are so many elements that make up the sp of a mining stock it's better to trade them than hold them. In at 8.4p and will have to hold rather than sell at a loss. For a profitable operation like Slp it's hard to understand Mr market's low valuation here.

Interesting post regarding the extension of the life of the mine. My own feeling is this may well surprise next year and onwards. Googling up the future price of platinum provides some good reading. Apparently a lot of South African platinum production is not profitable and there already cut backs in production. HSBC predicts pop could rise by as much as 50% by the end of this decade ie 2020. I therefore think SLP will be worth holding even if its in the doldrums now. Any thoughts...??

Price of platinum is up a bit today and looks like to hold above $900 an ounce. The company is doing well and as you say has a healthy cash balance. I admit lack of news does'nt help the sp, but even with more holidays off over xmas and new year the next quarterly figures should be fairly good. Maybe the sp will enjoy a decent bounce in january. who knows. At least we're profitable whilst so many junior miners are living off dilution or borrowings to survive.

Barring any news we'll have to wait until 26.1.17 for december quarterly figures before the sp rises in anticipation. Last quarter was excellent. however there will be more days off for holidays this time around. We'll see what impact that has had next Jan. At least the co. is generating healthy cash flows which is good.

there's a bit of buying today. Hopefully things will turn around here in the coming weeks.

today appears on britishbulls.com as a buy based on a bullish reversal. For me candlestick analysis is like reading tea leaves. Tomorrow they'll say something different. Nevertheless Golden Sacks is optimistic about commodity prices so hopefully we're on to a good thing here.

In today's Telegraph share round up: Goldman Sachs also changed its rating on commodities to overweight saying it believed the recent re-acceleration in global PMIs "suggests commodity markets are entering a cyclically stronger environment". Sounds good to me and perhaps this share will at last start to move up. Cross fingers. From Prox board apparently bonker99 banned until friday over a couple of exchanges on WSG board. Not entirely sure on that one.

Rising metal prices in the face of a likely increase in US interest rates...?? Or do you think rates will stay the same?

Not in this unfortunately. RCN got a mention in the Daily Telegraph Questor column today. This may explain in part todays tick up. Questor suggests hold.

I accept that politics has influence on mining stocks but there are other things such as sentiment as investors sense a change in direction coming from the election of Trump in the USA. IE big spending plans on infrastructure amongst other things to try and turn the American economy around. This may lead to higher interest rates, a stronger dollar etc and both are considered bad for commodity prices. Normally higher interest rates or even simply the prospect of them would kill stock prices, but because the extremely low interest rate environment is deemed harmful especially to banks, pensions etc any sign of a small lift in rates is considered a good sign at the moment. Hence money is moving from commodities to banking stocks. The market always likes to anticipate where the money might be migrating to next. It is also the way of funds to look only at bigger players and move their prices up and down and not smaller operations like Slp - their profitability or lack of does'nt seem to enter their thinking. Hence AAL quadrupling plus this year whilst cancelling its dividend and selling off assets. I note the chairman of Anglos is keen on keeping their platinum interests. For me this this attitude to profitability makes no sense but Mr market see the matter differently. Frustrating. I note the prospect of rising interest rates is putting a wrecking ball in the bond market. Looks like a bloodbath is coming there.

Price of platinum down about $3.00 this morning. stronger dollar won't help but costs in Rands will.

ibserve..err..observe I mean.

Agreed. Price of platinum= $1003 this morning. Share price should be much higher and we wait for Mr market to go to specsavers to ibserve this simple fact.

Sp is definately baffling. The vagaries of Aim.......................

In this weeks IC there's a brief article stating that platinum demand for catalytic converters is weak, and that demand won't be strong enough to lift the price of platinum in the next 3-5 years. Only last week I reported on a statement made by the chairman of Anglo American who was far more upbeat about platinum. AAL is keeping its platinum interests whilst selling others. He did say additional uses for the metal need to found. Who is right..?? All I can see is that platinum has ticked about 5-6% in the last month and SLP is doing better than ever. It's not exactly reflected in the share price. .!!

On checking pop chart the price of platinum has risen from around$965 to $992 in the last month. Every dollar rise goes straight to the profit line. Therefore the current share price in no way reflects what's happening here especially after the last quarters figures. Unless the market knows something we don't it does'nt make sense does it. my only concern is that if platinum is going up following gold following a Trump win, then a Clinton victory may cause a slight reversal. That however is irrelevant to my argument that any rise in pop should lead to a rise in slp on the day. Mr market needs to go to specsavers because he does'nt appear to see this.