Sylvania Platinum Share Discussion Threads

[freddie ferret] 30/3/2021 19:14

Some interesting posts over the last few days.

The cash pile will start to grow rather rapidly from now on. Only a few weeks back we had derampers infering "will Rh $20k hold through the year". We are now averaging well more than $20k.

SLP is about Rh the other metals do matter but not much.

Gold is sliding and Pt falling in sympathy. Forget about the investment metals and just think about the industrial metals. Iridium is at $6000/oz, pity it is only a very small part of our basket (it is only a very small proportion of anyones basket).

Incidentally after the recent correction the Rh price seems to have stabilised (famous last word).

[2vdm] 30/3/2021 09:23

FWIW I hold a disproportionate amount of SLP, JLP and PAF in my SIPP. In my view, all are very well run companies and later in the year/12 months, when inflation starts to bite, unless you are a believer in MMT, the PGMs and gold will rise substantially, as will their respective miners. It may be a bit bumpy or flat between now and then, but as a LTH, I take the view that I must just be patient. Like others, I look fwd to seeing what SLP will do with their cash pile.

[risa5] 29/3/2021 21:34

ISA investing: 2 of the best UK stocks to buy as the Covid-19 crisis continues
Royston Wild | Sunday, 28th March, 2021 | More on: EBOX SLP

[twirl] 29/3/2021 11:17

Yes spenders make the world go round, create Asian jobs and kills orang utans.

[ugandalad] 29/3/2021 09:21

Thank goodness my wife (or sons)is not on the board she would be out spending it. Isn't that a relaxing though.

[kennyp52] 28/3/2021 19:07

Rcturner .. ever heard the phrase “for a rainy day” ? Cash is king . Too many think they can go into risky debt to expand and it ends up with shareholders getting hammered .

[leopoldalcox] 28/3/2021 17:06

That's a very good question. I've been wondering this for a couple of years as the cash pile has been built. The company is a bit at the mercy of the host mines, and I can't help but wonder if they want to advance some of the development properties to mitigate that risk. Else use the cash to buy up tailings like JLP have done and secure long term operations.

[rcturner2] 28/3/2021 09:05

Guys I have been following SLP without buying for a while since Simon Thompson in the IC covered them.

I have a fairly simplistic question which is what are they using the profits for? They are making far more cash than they are using to pay the dividend, so what are they doing with the excess cash?

[freddie ferret] 27/3/2021 21:58

Farnes Barnes.

It is pointless talking about support levels if you do not define the price information source. They vary by $5000, lowest to highest.

zho.

Good link to Trading Economics chart, only critisysm I have is that TE vary the regularity with thich they update their metals price updates for the less well traded metals, they give the price and the date for that price, sometimes there is up to four days delay in the update, however for the LT chart they are great.
Kitco also give charts and if you go into interative charts they are good, however there are glitches.

scooper72

No sweating or suffering from the jab, just slight soreness at the injection site when rubbed. Will we break $40,000 on the next leg up of Rh?
Scooper you seem a timid little fellow with only 8% of your portfolio here! Go on grow a pair!

napoleon 13th.

Good point re CGT and one I had overlooked in my thinking re recent share price moves here.
A lot of people will be crystalising gains here to make use of their CGT allowance, might explan some of the recent softness in the price.
Thinking about it, some may be selling and then intending to reinvest is another of the three early next financial year (the three being THS, JLP and SLP). Slightly risky because the three are a long way from identical however it does allow a swift BB without complications (different share).


..............................................................
..............................................................


There is a lot of anal deraming in other places with lots of talk of £1 a share. Me thinks there are a lot of pent up buyers that want in cheap.

[napoleon 14th] 27/3/2021 16:07

The new tax year starts in just over a week.
If you had bought in Nov. when SLP started to really motor
& had some CGT allowance left, what would you do?

In fact, next Thurs, 1st April, is the last trading day for this tax year.
The market is then closed for Easter, to re-open on 1st day of new tax year, 6th April.
So some, like me, will be reaching for their calculators/spreadsheets.....

[scooper72] 26/3/2021 09:59

I would be topping up too, but having done so at 120p and this now being 8 percent of my ISA it would be tempting fate.

[stoodio] 26/3/2021 09:24

CB7 - Haha. And here was me thinking it was just another "buyers strike".

[2vdm] 26/3/2021 09:18

Taken this drop back as an opportunity to top up this morning. I'm a LTH and imo this is a great investment in my portfolio.

[pastybap] 26/3/2021 08:40

Thanks zho

[farnesbarnes] 26/3/2021 07:52

Various levels of Rhodium support at 26500, 24400, and 21800. However, I think there's a tendency to get overly attached to commodity prices on a daily basis. As long as the basket price average is grinding upwards that's what I like to see.

[pastybap] 26/3/2021 07:16

Any idea where you can get a reliable price chart of Rh?

[cb7] 26/3/2021 07:14

technical correction my ars- Having bounced off support, (as expected), around 20k, Rh has only just made a new high, the uptrend remains intact

[scooper72] 25/3/2021 22:25

Apparently it can take 12hrs or so for the sweating and suffering to kick in. Good luck. Fingers crossed U skip all that. On SLP do you think there is pretty solid support at 100p?

[freddie ferret] 25/3/2021 19:47

Pt and Pd down atm.

Rh down $1000 today..

I have no problem with the SLP share price following the Rh price.

It seems we have another technical correction in the Rh market, this has come a lot earlier than I expected.

Had my jab today (AZN) and went for a fifteen mile bike ride, so far I feel fine.

If I do not post for a few days you know why.

[freddie ferret] 25/3/2021 19:38

This was funny. :)

FarnesBarnes
25 Mar '21 - 15:20 - 4981 of 4987
0 3 0
This is absolutely ridiculous. My broker guaranteed SLP would only ever go up in a straight line

[kennyp52] 25/3/2021 18:15

ddubzy .. on the back of the results I don't think anyone would have seen this kind of drop coming . I was hoping to get back to 130+ .. fat chance of that in the short term unless one of the big boys take it over . Fundamentals are superb as far a I see . Good steady board . Don't know what investors want ?? Have Liberium still got this target @ 200p ?

[ddubzy] 25/3/2021 16:12

Raid the piggy bank time! Awful timing on the top up of both SLP & MKA, both fell as soon as I added, sorry chaps and chapesses!

[scooper72] 25/3/2021 16:11

Do you think the annual dividend will move above the 3 to 4 percent level Stockopedia have it at?

[scooper72] 25/3/2021 16:10

Yes. I guess they are the biggest stake holder with just under 14 percent so no bad thing if they are able to reduce that holding a bit and allow the price to consolidate around 100p - 120p with hopefully new holders coming in for the long term