|That's a sizable 2.66% move in Platinum tonight, almost four times the move in gold.|
|No sign of life here yet. It looks like the BoD have gone back into hibernation.
(Luckily TLOU look like they are about to end that downward trend. Plus SOLO have a nice way to go. PVR are also now starting to look interesting. They are keeping the mind active while I watch the SLP 'paint dry').
All we need here is a signal of a likely divi or even an Alma moment???
|Well, if I were on the BOD of SLP I'd be recommending a dividend payment - if only for selfish reasons of survival. This company has so much cash and near cash it would be scarily easily for an outsider to organise a takeover, using the company's own cash reserves to partially finance it.
In fact, I'm guessing that is one way this story ends if the share price doesn't move up soon.|
|Makes you wonder what BP had to do in Russia.
'Fraid I wouldn't invest in Zimbadwe under any circumstances whilst that lunatic geriatric is still in charge.
So when is our share going to come to life.|
|Hi Redtrend! Yes, we agree on the big picture. I also read the news that the Zimbabwe gold had been claimed, but I still don't think Zimbabwe is investible, no more than Eritrea or North Korea or (based on extensive personal knowledge) Russia.|
|Hi bookworm - I did just read about it now. However think the latest is that gold miner Metallon have claimed ownership and that it was being transported to Harare, a standard shipment by security firm before light plane experienced mechanical failures
But I agree with you on Zim comparison and in roundabout way was one of my points that a gold miner in Zim has market cap of double SLP's even though SLP on most metrics has more going for it with exception of dividend. So as others have said on this board, dividend would demand major re-rate of SLP.
I've probably over-egged the potential increase in cash position of SLP end of Q4 as basket price of PGMs was lower than Q3 and with end of calendar year, additional taxes may be due. But my overall sentiment on strength of SLP not currently reflected in market cap is unchanged|
|Hi Redtrend! I don't think you can really compare anything with Zimbabwe. Did you see in Mining Weekly that a light plane had crashed with gold aboard - being smuggled out of the country illegally from a mining operation. In Zimbabwe nobody really owns anything; they merely have the use of it for a short while, until Mugabe's goons take it away.|
|I know it's not "apples for apples", but has anyone compared SLP to CMCL?
Although CMCL is a gold miner in Zim, there are similarities in sense at end of Q3 2016 both had cash ca. 11-12m with no debt, they both should mine eq. of ca. 60K Oz/yr in 2017 and their "operating margins" when comparing spot prices versus cash costs are broadly the same (SLP's cash costs & implied AISC much lower, but then PGM prices are of course also lower than gold at moment).
The main positive difference CMCL has is a dividend yield of 5.5% - its market cap is £61m, compared to SLP's £27m.
In SLP's current position an equivalent 5.5% dividend is only £1.5m, leaving more than enough cash for expansion/ capex etc. I don't care so much about the dividend but more the positive impact on sentiment, re-rating etc.
With exception of CMCL's dividend, in my view the positives for SLP eclipse that of CMCL, on face value. CMCL only own 49% of their producing mine due to Zimbabwe Indigenisation and although SA has its problems, it is more stable than Zim.
It's one of reasons if there was a Takeover of 15p or less, it would be a bargain for whoever took the plunge. If Q4 has been as good as Q3 and there's increase in cash position of ca. $4m, it would seem good time to announce maiden dividend|
|Early talk that the POLAR Investment 'Ice Cap' is about to melt.
They have previously done all of the research and know the SLP form.
It could be Trumped UP?
( Forgot to add previously a bit of info on PVR as we patiently await its Barryroe farmout news. Keep an eye on LOGP as a signal beacon IMO).
DYOR pays so ignore others.
|Thanks for the further thoughts people and I'll take a look. I too am a little nervous of the market although I see Bartholomew (Diary of a private investor in the Sunday Telegraph) is optimistic the Footsie could hit 8000. So I am half inclined to keep a decent amount in cash.
I have had AMER on watch for some time charlieeee but haven't bitten yet.
In pharma I have a company I am looking at called Quantum Pharmaceuticals (QP) for no better reason than one of the top boys in one of my most successful punts (an AIM pharma company called Cyprotex which has recently been taken over by a German company) has taken a directorship there. It's gone up slightly since then (about 10%) but I'm not necessarily convinced. Would value your thoughts if you have the time or inclination to take a look
In the meantime I'm still wondering whether to take a larger position here..|
Check out TLOU and PVR they are on my watch list but I think that the placing pro's have still a little way to go before they skim off their risk percentage.
TLOU was placed at 5p and PVR was 12p. I am planning to buy on the dips but there is no rush at the moment, IMO..
I also feel caution is the best stance at the moment with the FTSE at 7200+, so holding back cash in the kitty.
Been waiting quite a while for SLP to rerate - but still in profit and as they say a little profit is a profit.
Can anyone get this BoD to Wake UP and join the technology era?
All it needs is a little good fast news thread, IMO. Tweet, tweet Alma.....
|Well, all the old lags here now.
Husbod, my original post to you re SLP on the ATYM board still holds good.
"If you are interested, careful timing of entry is key: despite being as gilt edged as one gets on AIM, it is heavily traded".
I am a bit nervous on oil at the moment, so out of my "oily favorite" AMER. (it should make progress once the Colombian situation clears up, but quite a high market cap unless POO holds).
Really waiting to see the outcome of the Astor case on ATYM: I am out for the moment, as I wholly mistrust the market's ability to price failure correctly and Court is always a lottery. In the meantime, I will take a look at KINCORA (as I think AL's judgement on copper is proving to be prescient) and hopefully, you have identified the next SOLG.
Anyone into pharmas? I am hovering round SAR, looking for another dip, but it is not my area of expertise and I have had a few "near misses", escaping unscathed, through luck rather than judgement.|
|hi husbod, I don't believe there are any compliance issues. I registered with td investing a number of years back just so that I could invest in KINCORA as they where the only UK broker that I could find at the time who had kcc on their platform. pretty straightforward process if I recall correctly. I have done alot of digging on this stock and believe the signs are there that they are sitting on something that could be life changing for anyone getting in early enough. ivanhoe mining had the land many years back and as a precondition with Mongolian government at the time of the oyu tologoi discovery they had to give up the land. And at the time the belief was that they had other untapped areas that could have been even bigger than oyu tologoi and guess who has this land now, yes KINCORA and guess who recently merged with KINCORA after losing this land a number of years back a subsidiary of ivanhoe mining called high power ventures under the control of Robert friedland. Now these guys managed to get access to this land again via a merger. That tells alot as far as I'm concerned. This is definitely my stock recommendation of 2017.
|Cheers lank. Will take a look. Are their compliance issues to satisfy before you can buy on that exchange? I'm with AJ Bell so I'd need to see if they can deal them.|
|howdy husbod. If you are looking for a mining tiddler. I have already mentioned KINCORA COPPER on the atym thread their epic is kcc on Canadian venture exchange. This copper stock has huge potential for those that don't mind taking risks. They have already confirmed a huge devonian copper porphyry in rns released yesterday and drilling campaign to follow. If they hit the jackpot and find yet another oyu tolgoi. Thus will rocket. As always dyor
You can buy them via td investing.|
|Greetings charlieeeeeeeeeee and good to see that your erudite posts are not limited to ATYM. And lank here as well.
Indeed there are the usual similarities with ATYM - poor communication by the Board, market not realising the true value etc.
I've just top sliced some profits on GLEN and can't decide whether to top up here or keep the cash.....or if anyone can suggest a mining or oil tiddler with real potential that I could take a look at I would be grateful.
A take out at 12p would be a little disappointing methinks although I suppose a 33% premium is not to be sniffed at. Better than a cash ISA!|
|Let's see what the board say for themselves in the next results. It would make sense for them to pay out a maiden dividend to placate the shareholders. It would be frighteningly easy for a hostile buyer to engineer a takeover of this undervalued and cash-rich company, so they need the shareholders on side!
They also - desperately - need to spend some money on a better website. Currently, it's amateurish.
But, when all is said and done, this is a seriously undervalued and highly profitable company with lots of cash, so I'll be buying more shares on the next dip.|
|Hi mnomis. I don't trade stocks. I bought SLP a while back for a long term hold and eventually sold out as I was getting impatient with the board seeming to lack ambition, communication and not willing to part with their cash by paying a dividend.
I think its a grossly undervalued share, then again you could say that about a lot of shares but not willing to reinvest in it for the above reasons.
I agree with charlieee on most points regarding JLP.
|@ lankn73 ... you must have made loads trading SLP I would guess. Dividends were delayed by the life extension project capex. Seems like a good use of funds to me. I topped up post last sell-off. Is Polar Capital going to be a buyer here?|
|Well, that is equally true of ATYM, which is also not being rewarded for now being a producer (although the Astor court case will not be helping: if Astor win, ATYM will have quite a lump of cash to find, cash which they probably do not yet have).
Eventually, both will gain traction as the traders have to re-enter slightly higher each time and free float is small. SLP was really unlucky with Miton, which halted the 2016 rise enjoyed by its peer group, but eventually, the 6p buyers of the distressed sales will be worked out and the register will be full of shareholders with higher averages (just like ATYM).
If not, they get taken out and both have the II's who will be ready to book a decent % profit now, without sentiment. SLP is more vulnerable, as it holds enough cash and debtors to almost pay for itself and I expect that situation to improve again in Q2. Market cap less than half the assets. No wonder management took steps in 2015 to try and protect against takeover.
JLP is quite different: typical pump and dump AIM rubbish, until it demonstrates continuous production figures and establishes margins sufficient to steady the erosion of value by dilutions. All this cackle about projects 3 & 4, when ASA still has no PGM production after years (SLP would not have taken on such a project, as they would have known that it would not be economic to build the plant for such a small dump) and Hernic, at 12k oz is hardly going to set the world on fire (being less than 25% of SLP's annual output).
Value (or lack of it) will out, but in what time frame, it is hard to predict.|
|Watch it being sold after the results. This share is a classic buy the news sell the fact, seems to happen every time in the lead up to results.
Unless its different this time and they offer dividend payments or a meaningful update regarding other ventures.
good luck all|
|I own both JLP and SLP shares and the difference between the two companies' relative valuations is striking. JLP has a lot of potential, and I don't think it is overpriced, but SLP's valuation is just ridiculously low. On fundamentals, this share is worth 15p any day of the week. Hopefully this imbalance can't continue for very long. Either SLP will re-rate, or it will get gobbled up.|
|It looks like JLP are now having to 'walk the talk' and produce the goods whereas the SLP BOD need to talk and then walk if any M & A fund gets them in their sights, IMO.
You may have the best profitable product in the world, but if no one knows about it who cares.
Just look at Trump, the world has changed.
Come on Alma, play us a tune....
We are waiting.
|I suppose the question to ask is whether it is better to have a BOD who quietly delivers or one that talks the talk and delivers nothing in terms of bottom line.
SLP are the former and JLP the latter.
Ironically, over the last week or so, both have rerated similarly and will reward traders equally, but at some stage the market must figure out that SLP have built up a profitable company, whilst JLP have a lot of catching up to do.
It is a pity that the SLP board do not communicate more effectively. You are right about that Dan, but surely with McConnachie's daughter in the Alma PR team, she could get Dad up to speed with a bit of tweeting and a few webcasts and other interactive events. They do not ever seem to address PIs at those investor evenings: they are management whom I have not met personally and I do usually try and do that where I am investing in size.|
|I reckon many would 'snap your hand off' if they offered 12p to 15p at the moment.
This BoD is just not getting the message over at the moment, IMO. Just check out those past twitter feeds.
A profit that could be banked for other opportunities that are more BoD active and interesting.
But that is just my opinion, as we still wait for an SLP maiden dividend call....
Are those M & A people looking??? They just need 50%+.
Make some easy money in 2017.
This needs to rerate soon, but the BoD seem to have got their blinkers on...