Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
SLP doesn't need to "grow" to maintain last years production as the tailings are already there. Also bear in mind that covid and mine closures have affected production this year.
Also a recovery in the Rh price will support profit.
Clearly slp is subject to a shorting operation probably initiated by the last years rise and recent drop in Rh price and confirmed by the appearance of derampers on BB's.
IMHO nothing has changed from the positive environment a month ago. The reasons for the fall such as riots are spurious wrt slp. Rather like the lazy journos who have to have an explanation for everything.
The company will announce record breaking profits at the end of this month. ST of IC will ramp it as will Liberium.
Lets hope before then the company will announce a share buyback or something similar to burn the shorters.
In the meantime my approach is to hold and maybe buy when I think the shorters have finished - maybe early next week?
Chatmandu>> Your view that slp sp drop is caused by the troubles in other parts of SA needs to answer the fact that other companies such as THS have not fallen to the same extent. Otherwise its not really a credible argument is it - more like the sort of crap from a lazy journo.
Joekenny>> are these statements inconsistent?
"Don't even bother profit taking these days, used to take my 10% but now I find its easier to find a stock with a healthy incline and stick with it... CRL is profitable and expected to make acquisitions.. this will only continue upwards until at least mid 2022"
"Nevertheless I sold here at a profit when it hit 94p, so looking for another buy in opp."
No.
But it seemed a bit toppy to me so I took profit to be back later.
Several posters have warned against using spread bets and for inexperienced investors I agree.
I started investing in 1984 and spread bets on AHT(in particular) 2004. Made and lost a great deal but came out ahead. I have had spread bets for SLP since October 2019 and have made a good profit both banked and on paper. I also have SLP in an ISA. Also well in profit on a couple more Co's.
For what its worth my views on spread bets are as follows
1 Many see them as a short term vehicle - I dont. In fact the s bet companies assume short term. The UK market is basically short term which is not for me the best way to make serious money.
2 Whilst there is temptation to over expose - dont do it. Always maintain control over s bets so the drops can be covered - keep cash in reserve.However the s bet margins on non major stocks are much higher than they used to be and on SLP recently 100% for IG. So why not buy instead of s bet?
3 Tax is not paid on s bet profits. My expectation is to make considerably more profit than the CGT allowance and as I prefer to pay CGT it makes sense to use a vehicle that avoids it. Thats the main reason for me. This advantage is offset to a small extent by the quarterly rollover and disadvantage entry/exit prices.
Unless one can resist the temptation to over expose one should avoid s bets.
Happy maintaining my long position here.