DanDaDan
09 Aug 2016
Waiting for the Bargain Dip. It should be about to happen before the Grasvally news etc.Watching out for a presentation of results, next.GLA.
Andy Reilly
02 Aug 2016
Sentiment on the rise... ...and Platinum doing nicely, as opposed to stocks generally. It would be great if the SP could push up above 9p soon, and the PM band wagon roll a lot further on. Still very hard to tell whether we are in something more sustained or not, but it looks good at the moment.
Andy Reilly
01 Aug 2016
Re: recovery play K - its hard to tell how much the PM band waggon will roll on, and for how long - if the dreadful Trump wins in the US, or looks likely too, that will certainly drive them higher. Meantime volatility has increased dramatically since early May, and IF the putative rising trading channel goes further, by mid August the top of the channel offers resistance around 10.2p to 10.4p. Its a possibility anyway. Best of luck all -
KALAN
01 Aug 2016
recovery play SLP is a recovery play on the price of |PGM's rising - the market has shown interest as pgm's have risen but quite rightly slipped back after the results showed that the rise in pgm's did not produce a rise in the basket price received (not yet anyway) and as a result the cash I hand is almost unchanged - hold and add on dips (ala Andy) but you have to believe pgm's are in a rising trend to justify a long term investment in SLP - myself - holding but not adding at the moment - GLA.
DanDaDan
30 Jul 2016
Re: Fluctuating Just compare the ending June quarter of 2016 with 2015.Financials Q 2016 Q 2015Revenue $'000 10,566 10,013Capital Exp 0000s 345 837Ave R/$ rate R/$ 15.02 12.09EBITDA2 $'000 3,422 531 Production PGM Plant Feed T 292,577 270,526Total 3E and Au Oz 16,219 13,468 Group Cash Cost3 Per 3E & Au oz $/oz 443 672Everything is improving with a current $443 group cash cost.Now look at the latest statement :-The Group cash balance at 30 June 2016 was $6.7 million, a $0.5 million decrease on the previous quarter's $7.2 million. Cash generated from operations before working capital movements was $3.6 million with net changes in working capital amounting to a reduction of $1.3 million, $1.0 million of which can be attributable to the repayment of the 3 month pipeline financing on the sale of concentrate. A further $2.7 million was paid in income taxes, $0.2 million spent on the stay-in-business capital for the SDO plants and $0.1 million spent on share transactions in Sylvania Platinum Limited. In my books the accountants are juggling cash balance figures for a reason.Why? . To ensure that no dividend payments are created just yet??Possibly.Could more be going on than meets the eye, behind the scenes?SLP SDOs is an income magnet. As some platinum expert said awhile back ‘a low lying fruit that is waiting to be picked UP’. Now don’t forget that ‘Ruuki’ takeout fiasco a few years back.SLP is being made leaner and fitter for a reason. ( Don’t forget that shares par value change as well). Platinum is very undervalued and is on the way UP.Just a gut feeling, but I am sitting tight as some thing is brewing..This Mcap is also just too low, IMO.GLA.
Andy Reilly
29 Jul 2016
Re: Fluctuating DDD - sell on the news indeed - I didn't understand your juggling reference, so if you could clarify.SLP has been quite volatile recently, so good for traders - I have been following for a while and I bought in today on the pull back. I wasn't up in time to catch it below 7p, but I got a modest 50K at 7.3235p with costs near 10am. If it goes to 6.75p I will consider doubling up. There is a potential rising trading channel (the thumb nail chart only give a 'flavour' of it, but the 200 day MA has flattened, and the 50 day isn't too far away from a cross above, so potential to keep more positive sentiment going and a higher SP.Hopefully PMs are gaining much more attention, and if momentum can pick up generally there could be a longer bullish run. Its still a bit tentative for SLP but there are enough positive signs to nudge me into my first trade today - a higher high would be very good news, but lets not get ahead of ourselves.
Sprocket60
29 Jul 2016
Re: Fluctuating Over-done sell off ? It looks like it. Not many small platinum producers are in as good a position as SYLV regarding the cost per OZ & dont have cash reserves. Mostly high debt.Had to buy in again at this level....
DanDaDan
29 Jul 2016
Re: Fluctuating Sell on news brigade, as usual.....The twitter brigade are also adding to this fire.It looks like SLP are juggling that tax bill.Keeping UP appearance for that Volspurit appeal?Just waiting for the Yearly report now.2nd best output quarter and Platinum price on the rise.Sitting tight. I reckon there is more news in the air.GLA.
nat-king-coal
29 Jul 2016
Fluctuating Volume Up Price down somethings Up
celtasia
29 Jul 2016
Re: Platinum and Palladium UP.. So, what is with the big drop?
DanDaDan
29 Jul 2016
Re: Platinum and Palladium UP.. The BoD have maintained their slumber..Still no 4th quarter results yet after 1 month..It looks like someone is not doing their job.Hope this does also not apply to the management of the SDOs....Is something is being financially juggled???They could be hoping that most will lose patience and the Management will be able to buy some on the cheap, on a likely dip....I smell a deal being brokered.....GLA..
DanDaDan
28 Jul 2016
Re: Platinum and Palladium UP.. It looks like the MMs are holding the reins on this, due to uncertainty??Will we see an RNS sooooon.?You cannot hide that Platinum price increase. More $$$$$$s for SLP.( K - keeping and eye on HOC).GLA.
DanDaDan
27 Jul 2016
Platinum and Palladium UP.. With these price increases, all goes well for SLPs future.Much more PROFIT and that lowly Mcap just looks crazy.The journey UP continues. Just look at those charts...GLA.
DanDaDan
26 Jul 2016
Re: Technicals Looks like a shake is about to happen.(The sell on 'NO News Brigade'?)Those that bought at 7p trying probably trying to lock in profits?Watching the herd play and those tweets are getting louder.It looks like we may be due some afternoon fireworks.(Getting ready for those likely results and possibly a divi statement?)Some chartists also say we are due a 'golden cross'.Just keep an eye on that lowly Mcap, IMO.GLA.
DanDaDan
25 Jul 2016
Re: Technicals Just a little ramp, getting ready for 9p++.Just look at the charts......Results pending has someone 'sprung a leak'?......Tweet tweet is also looking very good.GLA..
