KALAN
03 Aug 2017
Re: Coming off again I bought at 8.85p pasak but got out a couple of days ago as the sp was failing to break through resistance. I see this as a geared play on platinum - buy when the platinum price is low and sell when it is high - unfortunately the purchase of replacement capacity is muddying the waters and seems to have put folks off. As for Ironveld - the recovery is after a big slump due to the placing - the prospects look good - but they have to raise more money - worth trading but I would wait for a pullback - for a longer term investment I think I will wait until they are fully funded through to production. Haven't really dug that deep in my research and Dan knows far more than me.
DanDaDan
03 Aug 2017
Re: Coming off again SLP Mcap just TOO LOW.Cash rich and unloved by the Market.Gone back into its slumber mode.What about a likely future divi ????Remember it is located in SA and it is an AIM stock.Watch out for the Platinum price bounce.Check out Ironveld's recent tipsters. They like what they see.GLA
pasak
03 Aug 2017
Coming off again Having sold at 12.41 back in Feb I've been eyeing 8.2 as a buy level. Thought I'd missed out but now note it's taking another dive so have re-entered my limit buy.Ironveld, by contrast, has been doing rather better of late.Can anyone offer reasons?pasak
DanDaDan
01 Aug 2017
Lost opportunity. Just think this lot could have bought JLP and gathered up Hernic for a pittance.Then sold off DCM (Chrome),Tjate ( now with license), Leinster(Nickel), Conroast etc to pay for the deal. Plus they could have used JLP previous years tax losses to offset millions of Rands worth of taxes, as well.Instead they buy a Phoenix.Does it show a lack of ambition to be number 1 in the Platinum tailings league?GLA.
KALAN
31 Jul 2017
Re: Phoenix for Steelport? Progress on all fronts DAN - even licences and appeal going SLP's way - $422 per ounce is impressive. Two new projects from cash looks good.JLP had a shocker today - I think it's just misleading / poor communication but damage has been done all the same.
DanDaDan
31 Jul 2017
Phoenix for Steelport? It looks like it is bring on the substitute time.Keeping everything ticking over in tough Platinum price times.Plus the Echo is sound.Group EBITDA improved 22%Cash cost improved by 11%.What more can you ask.Move on UP.Wait for the 'sell on news' people to move on and then buy on the dips, IMO.If you get a chance.This is worth at least 12p+. But it is AIM.GLA.
KALAN
28 Jul 2017
Re: Expectations Q4? All to the good Dan - JLP also in a sweet spot at the moment - chart looks set for the start of a relentless rise IMO - we will see. I think SLP will be a little more volatile as usual and with bigger spreads. Invested in both but also trading JLP.
DanDaDan
28 Jul 2017
Expectations Q4? The SDO 'cash cow' and its Echo should roll on nicely...A new JV chrome beneficiation project was mentioned in the last quarterly report, plus Chrome from Grasvally.Then we have Nonnenworth, La Pucella and Altona Platinum ExplorationSylvania previously reported that they had rights to mine copper, gold, nickel and PGMs.Diversification or another JV deal, plus why spend money on mining Volspruit with these low PGM prices at the moment? Just wait it out.Will the Executive Council for Economic Development, Environment and Tourism rule on Volspruit ( regular local jobs or infrequent tourists )? It looks like news is due on that Q4 horizon.Even the charts look good..Slowly does it....GLA.
DanDaDan
27 Jul 2017
Re: Volume Be ready for the Q4 results.(Let us hope that the ECHO is loud and financially sound..)..Money in the Bank from Ironveld as well.Yes the tramlines have now been broken IMO.I am getting ready for the reversal and back to the 12s??Also keeping a watch on Ironveld.GLA.
KALAN
27 Jul 2017
Volume Increasing again today - with lots of chunky buys. the 20 day moving average is threatening to cross the 50 day moving average which would be very bullish - all looking promising with miners back in favour.
nat-king-coal
21 Jul 2017
Re: Tramlines There is nothing wrong withtalking to one's self.You should start to worryif you start arguing with one's self.
KALAN
20 Jul 2017
Re: Tramlines Breakout confirmed and volume increased immediately. Love talking to myself - do you really - oh yes - well you will get no arguments from me.
KALAN
13 Jul 2017
Re: Tramlines Broken out of tramlines to the upside.
KALAN
12 Jul 2017
Re: Tramlines Took the plunge - I know I should wait for the breakout but just have a hunch. 8.85p buy.
KALAN
12 Jul 2017
Tramlines From a charting point of view SLP has a wonderful pair of descending tramlines (I know - not so wonderful if you have held through the decline).What happens next well % wise we are looking at further declines with the next move down to 7.5p. However, if the sp holds at 9p for a while or even raises a tad to 9.25p it will break out of the tramlines. The trends your friend but it's only a trend until it ends. This week and interest expectations in USA could be pivotal.My gut feeling is it's on a knife edge - positive dollarnews will send SLP to 7.5p and negative dollar news could see SLP break out and start wending it's way upwards - watching closely.
