Investors are quiet but the share price is shouting at the moment!
There's plenty more potential for this company over the course of this year for it to show its true value.
SLP seem to have a handle on how to make and grow a successful company.
Other companies could learn a few things from these guys. Maybe get these and JLP in the same room for a day. Imagine what kind of a company could be created if the resources, tech and management from both were combined....
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.
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?
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.
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.
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 Exploration
Sylvania 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 )?
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.
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.
Trouble is nat - SLP is the purest play on pgm prices you can find and the upward movement in pgm's keeps going into reverse. I would take 8p again and wait for the next pgm rise. SLP are having to invest more money to keep the production at the same levels whilst the price of product is falling again - the sp is reflecting fundamentals but as usual the market may well overdo it and give us a nice bargain - watching and waiting.
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