Re: Technicals (Take a position before it is too late IMO)No ramping pleas.Long way to go yet
Technicals Are those moving averages now crossing?It looks like the chart techies are getting ready to party.Even the tweeters are making loads of noise.Take a position before it is too late IMO.News soon from the BoD,, with some likely share buybacks or even a dividend?This BoD usually take the easy option with buybacks.But will the ' leopards spots' start to change with a maiden issue or are the BoD predictable as usual? How about doing both. Remember they first spoke of a dividend payment quite a few years ago. Still have not implemented it yet........GLA.
Re: Results Nice 250,000 trade late yesterday, just before the close.Is this the first sign that news has leaked and very good results are about to be announced.Watch out for SA leaking news flows, IMO.We are in the countdown period......GLA.
Results Expecting news on 27th July, but could it be a week earlier.?Wednesday is a good day for SLP announcements, so keeping a watchful eye for any News.The sp is what it is, but just look at those assets compared to the lowly Mcap.This is a give away IMO. Time will tell.....Go on SLP BoD give us some dividend information.....That final Quarterly report must be drafted by now. (Tweet, tweet.....)..Make those Miton sellers wish ' if only we held on'......... (It is time to prove if 'George and Georgina' were correct with their SLP investments).GLA..
Re: Confidence Test. DDD - Miton Gp have been disposing aggressivly, and Audley recently reduced, so not surprising the SP has shown no real strength since the recent spike. I have no idea what their rationale is but I feel my caution was reasonable after the spike - I was picking up hesitancy from the chart, but I am still watching - could the SP retest the 50 day MA I wonder (7.25p) -
Confidence Test. Looks like it is test your confidence time.Now JLP issued their quarter results ending June this week.Can SLP BoD wake UP early or will they carry on in their slumber and wait till the end of July?It is time to prove your worth BoD and provide that dividend information IMO.Getting ready for some action sooooon......GLA.
Re: Seller RNS -Weekly Review Q. Why are the institutions selling this while Platinum prices rise.What do they know that we don't?Are some just distressed and need the funds, urgently ?When the market call comes they have to react.One suggestion is that a Management deal may be aiming to make this company Private.Making themselves a lot of $$$$$s in the process in conjunction with an institutional fund(A very low Mcap, still)..Not certain about this as the BoD have shown integrity in the past. But MONEY talks and the market indicators and charts do suggest that SLP could have moved UP much more, by now. Certainly something is holding this back and that (about 8p) seller seems to be around fairly regularly.Am I now being over-cautious?Probably.Being careful and not over exposed is the name of the game IMO.(A lot of UP talk on twitter, still).GLA.
Re: Seller RNS If they weren't selling just think where the sp would be - they will stop sometime and then woosh - buy on dips to 6. something IMO
Re: Seller RNS Looks like that 100,000 seller is still around.The Investment funds are playing this out IMO.Be careful.GLA.
Re: Seller RNS It looks like you need to be cautious at the moment.Those cash calls from the market will play havoc with those funds.Miton was first with that fund Managers move??Audley obviously needed the cash. Have they stopped yet and will others join in on the need for cash. It could be a second wave of brexit madness that will hit the small caps like SLP.Yes the Mcap is too Low but the big Funds are not interested when the cash call happens(The signs are their for all to see).So I agree with being cautious at the moment.When you see the market call the tune you need to JUMP.Wait and watch for the time being and be very careful.GLA.
Re: Seller RNS Dan - if the Euro Ops Fund has to meet sellers demands then they may sell anything to get the money - any strength here being sold into. It does not reflect on SLP (as you know the Market Cap is too low) but may weigh on the share for a little while longer.Keeping what I have got but not adding any more here for the next few months.
Seller RNS So it is Audley that are the sellers as well.Moving for cash following brexit or another fund manager moving?(Those Property deals taking a nosedive?).This BoD need to post some mighty good results now and prove their worth IMO.Do not forget that maiden dividend.......GLA.
UK Sterling Being Battered It looks like the UK Pound is being battered again.Many getting into precious metals, while they are relatively cheap.Watching Gold , Silver and Platinum all on the move.All we now need is an early indication of some SLP results and a possible dividend.Then this should move nicely. 9p 10p 11p 12p..........But what is the game with that seller?GLA.
Re: double digit target K - well JLP has been trading sideways for a good while now, and you can only hope it will break to the upside soon, but again its all down to 'confirmation'. The recovery yesterday was reassuringly strong, so it supports the idea a break out is possible - on the other hand if it just turns back at the top of the range it may mean more of a wait. The chart can sometimes lead us all a merry dance, but at last PGMs do seem to be benefitting from improved sentiment and making more progress.
Re: double digit target SLP is heavily reliant on PGM prices and so is a leveraged play on those. I think what we are seeing is bottom fishing in the hope of a sustained rise in PGM prices. Got a holding and may risk a bit more on the hopes of QE - but waiting for a PGM breakout before we can be sure of an investment. Whereas JLP has more than just the PGM price to move it's SP upwards. So remaining heavily invested there for the medium term.