niceonecyril
- 25 May 2007 03:48
niceonecyril
- 11 Feb 2009 09:38
- 717 of 810
Some good news at last,
Shortage of platinum after Japan buying spree
Families are rushing to invest in the metal as faith in the Government's ability to handle the economic crisis dwindlesLeo Lewis, Asia Business Correspondent
Tokyo bullion dealers are reporting an unprecedented drought of platinum ingots and coins, blaming the economic downturn and dwindling faith in the Government for a rush by middle-class Japanese families to buy precious metal.
With dealers turning away would-be platinum customers for lack of stock, retail investment interest is turning towards the even rarer Canadian Maple Leaf palladium coin.
Some dealers are predicting volatile palladium prices as Japanese investors compete with the car industry, palladium's main industrial buyer.
A government think tank is predicting that Japan's economy shrank by an annualised 10.59 per cent in the final quarter of 2008 - rather than the 5.14 per cent contraction they were predicting four weeks ago.
Related Links
Japan slows down amid record output fall
Gold price to rocket if China sells dollar
Record 9.6% fall in output sparks Japan fears
As if this was not enough for concern, there is a growing sense that the Japanese Government is not responding adequately to the economic crisis.
Jonathan Allum, chief Japan strategist at KBC Securities, is among a number of analysts with deep scepticism over the plans laid out by Kaoru Yosano, the Economics Minister.
Some of Mr Yosano's previously expressed views do not wholly inspire confidence. This is a man who said on January 28 that a rise in the consumption tax could lay the foundations for increased consumption', he said in a note to investors yesterday.
Although precious metals dealers are thriving, Tiffany's said yesterday that it would cut prices in its Japanese stores by 9 per cent - a reflection of the stronger yen and dire times for the mainstream jewellery industry.
Platinum sales at Tanaka Kikinzoku, the largest Japanese bullion dealer, have soared by 430 per cent over the past 12 months.
The World Gold Council's latest figures suggest that total Japanese gold bullion sales for investment purposes soared by 61 per cent last year. Platinum is popular because the price is about 50 per cent lower than it was this time last year.
cyril
ValueMax
- 30 Mar 2009 11:04
- 718 of 810
News of a minor explosion, downtime and repair costs of 110k and the price is up! Weird.
niceonecyril
- 30 Mar 2009 11:14
- 719 of 810
Max a slmilar accident happened to a steel plant close by,where molten metal was poured on water in a convertor, the result was a massive explosion with the loss
of life. It was the second time it happened,many years ago a camera crew were wiped out filming at the time.
Yes i thought we might see 1.5p so pleasently surprised, i think its so undervalued a reluctance to drop the SP?
cyril
halifax
- 30 Mar 2009 18:26
- 720 of 810
Don't they carry insurance covering such accidents?
halifax
- 08 Apr 2009 16:08
- 721 of 810
BRR spiking is their some news coming?
halifax
- 08 Apr 2009 16:32
- 722 of 810
Still some life in this old dog up 50%+ today!
mitzy
- 08 Apr 2009 17:16
- 723 of 810
Indeed its a buy today.
niceonecyril
- 09 Apr 2009 09:20
- 724 of 810
It'll still be 2011 before this company really takes off?
aimho
cyril
ps check out CHL def in breakout, just look at those trades.
halifax
- 09 Apr 2009 09:31
- 725 of 810
Maybe some news due from BHP.
halifax
- 09 Apr 2009 11:01
- 726 of 810
momentum taking the sp up another 15%-- any news?
cynic
- 09 Apr 2009 11:41
- 727 of 810
exceptionally heavy traffic, that's for sure
niceonecyril
- 16 Apr 2009 13:27
- 728 of 810
Braemore Resources plc (AIM: BRR, JSE: BRE) confirms that its ConRoast smelting facility at Mintek in Johannesburg, South Africa will commence powering up on Friday, 17 April. All repairs have been concluded post a brief shut-down period as a result of an operational incident on Friday, 27 March.
Extensive testing has been carried out during the closure period, which has also provided an opportunity to complete normal operational maintenance work required by the furnace. The investigation into the incident has raised no further concerns and the Company anticipates a steady powering up towards full production.
cyril
cynic
- 01 May 2009 16:21
- 729 of 810
out at 4.25 for break even ..... and well out too i suspect, at least for a while to come
mitzy
- 03 May 2009 20:21
- 730 of 810
Watching closely.
mitzy
- 06 May 2009 12:48
- 731 of 810
I'm back in after a 15 month break.
halifax
- 06 May 2009 14:10
- 732 of 810
mitzy wecome back, trend looks promising.
mitzy
- 06 May 2009 14:12
- 733 of 810
Thanks halifax the chart looks great for further rises gl.
Balerboy
- 06 May 2009 21:13
- 734 of 810
Has Cynic got this one wrong I ask myself?? Fancy the chart looks worth a punt.
cynic
- 07 May 2009 09:17
- 735 of 810
quite possibly though this is certainly one of the higher risk punts
537scott
- 07 May 2009 10:55
- 736 of 810
Now that the technology has been proven, I think this can only go up, when you consider the thousands, if not millions of tons of tailings that can also be profitably processed never mind the new material.