Member Info for Treadstone

I would add that the slp sp is following the gradual fall in world markets. We need them to stabilise soon but at what level is the question. everyone's nervous at the moment.

If the price of platinum keeps rising and holds at a better level this company will prosper. At some point the market will have to recognise this. Anglo boss sees a good future for platinum and I'm quite happy to follow his advice. I agree that this situation is ridiculous bearing in mind the profitability of SLP but that's mr market for you.

In the Telegraph business section there's an article headed "Anglo American upbeat over commodities in spite of volatility". Mr Cutifani (boss of AM) admitted that the mining industry had earned a reputation of over extending itself. "companies have been rescued by a timely up lift in prices - relying on a get out of jail card?" he said. He said the Footsie 100 miner would look to promote new uses for platinum, used in catalytic converters and jewelry, such as fuel cells for cars. Metal producers must challenge the status quo through technology and innovation. Looks like we should be able to participate in this.

I doubt if one poster disagrees with you. I've had my rant on the subject but to no avail. This needs a bit of serious media attention to get this going.

Thanks for covering it. Maybe tomorrow will be a better day.

Agree with your comments. It's perhaps better to stay away from Aim. I am still mostly in cash because I'm scared to put it anywhere. The whole western world is only afloat because of QE and nobody knows what to do to get off it, let alone what damage printing massive amounts of money will do in the long term. All of it is going into massive asset bubbles ie stocks and property whilst national debts around the world are compounding at a staggering rate. National debt in the USA is climbing by one trillion dollars a year - madness. The EU is limping along from one crisis to another with the Italian Banks likely to blow up in a sea of bad debts soon. 11% of Italians are living in poverty. etc etc. So where or when is the next shock..??

Slp could do with a bit of oxygen of publicity. It's perhaps a bit under the radar for bigger investors.

I also agree, but down the road junk companies run out of steam eventually. You can fool some of the people some of the time but not all of the people all of the time hence RRR and ECR for example. Anyway I prefer to invest in companies with genuine prospects. I've been burnt enough times in commodity stocks which promise jam tomorrow but never any today. I can sleep relatively comfortably invested in SLP. Its my only commodity holding. Should have bought AAL at the beginning of the year. Sp there has quadrupled this year but cancelled its dividend and is now trying to sell off assets. That's the market for you.

what it will take to move this stock in the right direction. Pathetic result for such a good Rns. Aim is as true as a 9$ note.

I hope you are right.

I get your point. It is a problem that mining stocks are largely tied to commodity prices that are market controlled and can't be set by the company. One good quarters figures won't necessarily be followed by another because it's all a bit unpredictable. If as people say the markets hate uncertainty there's a reason for caution. However I believe in the medium term platinum looks a good bet to me and this company has no debt and is generating strong cashflows. Up almost 70% from the last figures.. If you look at Anglo American's share price and how it has risen this year its all a bit odd to me. AAL has cancelled its dividend and is trying to offload loss making projects. Big investors like big miners. We're being ignored as a bit player although we are profitable. Does'nt make sense to me.

Part of the problem is that today there appears to be a pull back in mining stocks after yesterdays rise. It's affecting the situation here. On todays news we should be above 10p in my opinion. SLP is'nt being highlighted in the media otherwise the situation might be different. Perhaps these results will be picked up this time around. Perhaps an email to Simon Thompson at The Investors Chronicle would be a good idea.

Good question. If they are sells I'm surprised so many are getting out after such good quarterly results. What do investors want these days. The exploration opportunities are looking excellent too.

It would be nice to see the market sustain a rise and not give it back the next day. Maybe we'll have to wait for 2017 for this one to kick off. The main driver being a looming shortage of platinum production. Makes you wonder how much platinum is above ground and anticipated future demand.

We should be receiving another quarterly report for 30.9.16. at the end of this month. Will make interesting reading. Disappointed with price of platinum but will have to ride it out.

tipped by Simon Thompson in todays IC. Target 85p.

Just trying to be helpful here where I can. Not a great year investment wise for me but no disasters either. Been mainly in cash with some in Ctp and a small amount in EUA and Nipt. All slightly down but given time should recover. Yesterday I put some in Prox and Slp with a hope that they'll do something. It's not an easy market though is it..

worth you people reading Simon Thompson's article in the Investors Chronicle issued yesterday. Not in this but his main line of argument concerns the likely resolution of a contract dispute between PVC and one of the world's leading photovoltaic companies. Should the outcome of arbitration in 3 months time go PVC's way, the board anticipates compensation could be multiples of the company's market capitalisation. Sounds interesting and worth watching at least.

has put a speculative buy on FPM in fridays Investors Chronicle

From Simon Thompson Comment column in IC yesterday. Aim traded MXC Capital (Mxcp 3.24p) a technology focused merchant bank run by a Management team that has been successfully backing investee companies they represent as well as earning lucrative advisory fees, has announced a tender offer. It's one worth participating in if you followed my advice to buy the shares at 2.65p ("Dealmakers" 31.5.16), or for that matter when I updated the investment case at 3.02p ("Playing the flotation game" 3.8.16). Mxc plans to use £3m of its £15m cash pile to buy back 83.3m shares at 3.6p each on the basis of one share tendered for every one held. That cash pile is far higher than I had forecast. The tender offer has now opened and ends on the 9th september and is available to all shareholders on the share register when it closes. Of course, there is nothing to stop you from tendering your shares to MXC and then buying them back at the open market price, the benefit of which is to lower your average buy in price. It's certainly one way of rewarding shareholders for the profits the company has been making on its portfolio. For instance, MXC has cashed out £10.4m by selling 5.8m shares in Redcentric (RCN 180p), a UK IT managed service provider to bank a £7m gain ("On the acquisition trail" 5.7.16). MXC still holds almost 50,000 shares, worth £90,000, and owns call options over 1.7m shares with a strike price of 32p, and a further 7m call options with a strike price of 80p. These options are "in the money" to the tune of £9.5m. Mxc also backed the Aim flotation of Tax Systems (TAX 79p), a leading supplier of corporation tax software to the large corporate sector and the accounting profession in the UK and Ireland. MXC subscribed for £8.7m worth of new shares as cornerstone investor in a £45m placing and holds warrants over 6% of the 76m shares in issue, the majority exercisable at 67p, but some at 61p. The warrants are showing a paper profit of well over £500,000 and MXC's holding of 15.2m Tax Systems shares is now worth £12m. So with MXC's deal makers making bumper returns for shareholders, the general stock market environment now more favourable for corporate activity, the company cashed up to do more deals and the shares rated on a modest premium to book value, I continue to to rate them a buy on a bid-offer spread of 3.16p-3.24p. The official spread is wider, but be disciplined when placing your orders as it's easy to deal between the spread in sensible bargain sizes. END OF...... Hope this is helpful. Myself I just own a few CTP.