niceonecyril
- 25 May 2007 03:48
cynic
- 29 Jan 2008 10:16
- 514 of 810
as vog never got to 362, you did very well indeed!
niceonecyril
- 01 Feb 2008 21:30
- 515 of 810
It would appear that Hamish is to make a presentation next week in Cape Town,
things are progressing well and we should get our first quarters production results too?
cyril
niceonecyril
- 03 Feb 2008 14:54
- 516 of 810
A report that confirms they will be presenting on Tuesday.
http://www.miningmx.com/events/indaba_2008/847682.htm
cyril
micky468
- 04 Feb 2008 17:43
- 517 of 810
Platinum Rises to Record on Mine Disruptions; Palladium Gains
By Halia Pavliva
Feb. 4 (Bloomberg) -- Platinum surged to a record after blackouts and mine disruptions in South Africa, the world's source of 75 percent of the metal, fueled concerns that demand for the metal will outpace supplies. Palladium also gained.
Anglo Platinum Ltd. and Impala Platinum Holdings Ltd., the world's largest producers of the precious metal, said their South African mines resumed full operations after power cuts shut them last week. Most mines in South Africa reduced or suspended production for five days through Feb. 1 after state utility Eskom Holdings Ltd. couldn't meet electricity demand.
``Platinum's fundamentals look better and better,'' John Reade, head of metals strategy at UBS Ltd. in London, said in a report. Platinum prices jumped 14 percent last month, the most since at least 1999.
Platinum futures for April delivery gained $17.80, or 1 percent, to $1,788 an ounce at 10:06 a.m. on the New York Mercantile Exchange. Futures earlier reached $1,795, a record for a most-active contract. The metal surged 48 percent in the past year before today, including 5.4 percent just last week.
Palladium futures for March delivery jumped $4.30, or 1 percent, to $421.35 an ounce, after reaching a record $425 earlier. The metal rose 21 percent in the past year before today, including 8.2 percent last week.
The palladium market may go into deficit in 2010 because of growing demand from China, said Stephen Forrest, director and founder of Oxford, U.K.-based commodities analysts SFA.
Russian Stockpiles
``Strong Chinese autocatalyst demand will push this market into a deficit by 2010, assuming there are no more Russian stockpiles,'' Forrest said at the Mining Indaba conference in Cape Town, South Africa, today.
Platinum and palladium are used in jewelry and auto catalysts, which remove noxious gases from car emissions. Some investors buy precious metals to hedge against inflation.
Markets for the metals soared after Eskom reduced or cut off power to mines in South Africa, citing maintenance needs, rain-soaked coal and a delay in adding capacity. After restoring supplies, Eskom began cutting power by 1,500 megawatts today, with the possibility that it may have to shed as much as 3,000 megawatts, a spokeswoman for the company said.
``The majors only expect power security until 2010, with most looking at backup options,'' Forrest said.
Supplies have fallen short of demand in seven of the past eight years, said London-based Johnson Matthey Plc, the world's largest distributor of the metal. Mined production declined last year for the first time since 1999, Johnson Matthey estimated in November.
To contact the reporter on the story: Halia Pavliva in New York at hpavliva@bloomberg.net .
Last Updated: February 4, 2008 10:11 EST
niceonecyril
- 05 Feb 2008 19:30
- 518 of 810
niceonecyril
- 12 Feb 2008 09:09
- 519 of 810
I decided to top up this am as i understand news is expected in the not to distant
future,also i feel they must be close to bottom? Although you never quite know
with such stock, which looks like its being shorted?
aimo
cyril
2517GEORGE
- 12 Feb 2008 10:19
- 520 of 810
More like BBRRR than BRR, it seems many of us have caught a cold with these, I did sell half my holding @ a much higher sp with a view to buy more if they went lower, now I'm not sure I want to top up. Good luck all
2517
oilyrag
- 12 Feb 2008 10:39
- 521 of 810
If you look more closely, you will notice that most of the sale trades are AT's, automatic trades. I think that these are stop losses being deliberatly activated by SP being forced down. IMHO I think people should be buying, don't set any stop losses, sit and wait for a good profit, then sell. This way the only chance of mm's making money on this share would be by going to the market and buying them legit.
niceonecyril
- 12 Feb 2008 10:57
- 522 of 810
oilyrag; i agree and bought some myself this am, missed the low but almost impossible to know where that is,and i feel its close to bottom.You make your
decision and then patience,as the fundimentals have not altered.
cyril
oilyrag
- 12 Feb 2008 13:08
- 523 of 810
Now they've had their wicked way, looks like sp returning up.
oilyrag
- 12 Feb 2008 15:01
- 524 of 810
Obviously just filled their order as sp returns to start of day price.
Toya
- 12 Feb 2008 20:08
- 525 of 810
I was going to comment on where the bottom might be, but can't access charts this evening. From memory I have a figure of around 12p in mind.
Have to say I was surprised to see this plummet as far as it did, especially as all seemed so positive at the start of the year. I got the feeling at the AGM that Hamish was quite bullish about BRR's relationship with BLT, but maybe BLT have been busy elsewhere - as their RIO bid must be taking up a lot of their time right now - and so have been unable to progress things as fast as had perhaps been hoped.
niceonecyril
- 12 Feb 2008 20:59
- 526 of 810
Read around and it appears news is close?
cyril
Toya
- 12 Feb 2008 21:01
- 527 of 810
Agree should be
cynic
- 12 Feb 2008 21:03
- 528 of 810
WHAT R U DOING HERE?
GET BACK IN THE KITCHEN!!!
Toya
- 13 Feb 2008 07:13
- 529 of 810
Morning Cynic - I did, that's why I didn't see your comment till now! - Well, not exactly the kitchen...
cynic
- 13 Feb 2008 07:17
- 530 of 810
don't tell me you were out in the garden baying at the moon again ..... you know you have been threatened with an ASBO for doing that only a couple of months ago
oilyrag
- 13 Feb 2008 07:47
- 531 of 810
She's being seduced again. Lucky person.
cynic
- 13 Feb 2008 07:51
- 532 of 810
hardy bloke if seducing in the garden in February!
oilyrag
- 13 Feb 2008 08:23
- 533 of 810
Maybe, they were in the potting shed with a heater.