Member Info for tricky1276

Looks like the jump is a result of being promoted from the Small Cap index to the FTSE 250 . This would allow more investment trusts and tracking funds to hold the share. Surprising that an RNS has not been issued , there might be more rises to come because this share is tightly held..

Thanks for the info somewhat premature then .Lets hope it can continue to rise until then.
ATB

limited drop ex div here is very positive for the near term. Shows that plenty of buyers are in the market

As long as this company is paying a sustainable div at an eye watering yield just sit back and pick up the div . No intention to sell so not too bothered where it sits in a chart . So many trades on liquid companies like this are automated and a lot of them make zero sense .

share is still undervalued , but a sharp rise today . Something happening ?.

Metals down and plat down +2% probably the main reason for fall . Another fall tomorrow and I will probably add.

The " share price " yesterday was held at 107.5 despite the fact that the traded value was consistently around 109 and never at 107.5 . I see today it has opened at 108.25 despite the fact that it is trading at 109 . I suppose I am being unrealistic expecting the " share price "to reflect the traded value.

The large volume today as a result of the Midas tip might have taken out an overhang of sellers so perhaps we have formed a new base.

On Bloomberg the US heath authorities are indicating that the Omicron variant might be positive for the future, if as a result of it being more transmittable it becomes the dominant strain because it has far milder symptoms .
They also say that the flight bans are a waste of time.

a no brainer . Tomorrow is key ,should see 108 all being well .
ATB

that MMs brazenly closed this @102 yesterday , despite the fact that it traded between 103.7 - 104 the whole day . I note that the first trade today was @ 105 at very low vols . They are desperate to keep this down, be interesting on the 7th to see what manipulation they can come up with.

Hi Katenip, in reality this is a great performer . In the next 9 months this will produce a yield of + 10 % including the special divs . But it is avoided by institutions and traders because it is traded at low volumes and difficult to buy / sell , so it therefore is very under rated . I will be holding this as a great cash cow and probably adding on ex div lows .
The board has stated that they believe the market cap is too low . There is a chance that they will increase the ordinary div rate , in which event this can re- rate rapidly.

Hi Jonah thanks for your reply. Who knows ? You could be correct ,all these different antelopes and elephants leaping about and name changes make for a lot of confusion.
I am however convinced that the tailings in Luanshya will contain significant cobalt content and if this company can have even limited success at its extraction endeavours wherever they might be, the future will be very rosy . That said I am not expecting sparkling forthcoming results because the company has been spending time and money investing for the future making this one of the best long term holds you will ever find

Hi Jonah it surprises me that you think Roan ( luanshya ) tailings are not rich in cobalt.
I worked there 1976 - 1991 , yes juanshya was heavily loss making but it also processed the ore from an associated shaft ( Baluba ) which was very rich in cobalt, indeed the Baluba mine kept Roan afloat . I remember seeing the bags of cobalt blister. . One of my prized possessions is a mineral presentation box from Roan featuring a highly polished cobalt engraved label.
ATB

quite a lot here this morning @102.5 . Thinly traded so large spread but a great hold for the ordinary divs + the upcoming special divs . Will hold most in an ISA , should be a nice cash generator .

If this falls anywhere near 100 fill yer boots . For an outstanding growth stock ,even at the recent high this is on a nonsense valuation

Hi gotreal
Yes the UK is a large economy but the key word in my post was " relatively " , that is compared to the other QE printers .
The US and EU economies are far larger and they will be better able to absorb the shock of a QE reversal than the UK.
I could go on and on about the problems facing Britain , this is is the wrong site for it . But anyway just a few are - lack of a skilled workforce ( try to find a plumber etc ) , an inept government that is not proactive to forseeable problems ( what no lorry drivers OMG ) , public services on the brink of collapse ( got your driving license yet etc ) , large % of the population despite having work are on the breadline ( consternation about the rise in energy prices ), Scottish independence , ineffectual parliamentary opposition etc etc etc .
Very glad that JLP are offshore if they were based here the planning applications would still be in the in tray . I admire your pride in Britain but lets get real.

Hi gotreal
Yes indeed, agreed and as I stated most major economies have been propped up by the quaintly named quantitative easing money printing . This will have to be withdrawn and reversed at some point in the future ,the figures are colossal well into the trillions and major distortions must have been caused in the markets as a result. When the US authorities even hint at tapering which merely means reducing the amount of QE and not ending it the markets react very negatively .
What would happen when QE is stopped nobody knows but it absolutely will not be pretty , large instability will probably occur . The UK iMO is more prone than most to problems being a relatively smaller economy . UK debt has gone from one trillion £ to two trillion in short order ( thats if you believe the figures they spew out ) . At the moment interest rates are nonsensical, when they rise even slightly all bets are off . I lived in Zambia during their currency crisis and rampant money printing / inflation I have seen pensions reduced overnight to next to nothing . I don't expect that to happen here but who knows ? One thing is for sure the BOE lack all credibility so I would not be buying UK gov debt, probably the only buyer will be the BOE which is a recipe for disaster.
Invest in real things like metals for stability

Hi dorfan Interesting reading your post I left RSA in 2000 I seem to remember then that Money Web was the main finance hub.
Luckily I retained a brokerage account and managed to pick up 188600 @ R0.66 about 3 pence, got another 87400 @ R1.21
Picked up some more in UK @ about 7 p . All for a LTH . The RSA market is very tightly held so difficult to buy in quantity . Rand weakness is a worry but I have zero confidence in the UK economy and would not be surprised if the GB £ fell heavily . Like most of the large economies it has been propped up by money printing and at some stage financial markets will have to face the consequences so expect volatility . Cobalt copper platinum etc cannot be printed so companies producing metals could do very well .
ATB

Turnpan , a well known Zambian company . I worked for RCM / ZCCM in Luanshya 1976 - 1991 . The high % of cobalt in the associated Baluba mine ore was the main reason for keeping the Luanshya mine open. Sulphur dioxide pretty obvious in the air but as far as I know no ill effects for me .