11 replies to this topic

[SoleTrader]

The exit of Bob from Zim is very good for Zimplats and ultimately for Implats.  Long at 4150c. 

[SoleTrader]

The stock has reached an undervalued level imo. Their new shafts will be operational in 24 months, and, given the metal price and USDZAR exchange rate, this looks like a decent entry level

[soutie]

Hey Crowe

No real target in mind as of yet...just expecting a slow painful grind downward...Nothing positive to support the price but mainly their costs sitting at R20,000 an ounce spot plat sitting at sub $1000 & looking to go further down. So looking at a +/- R6000 shortfall per ounce as of now. EFF gets going up in Rustenberg or AMCU & Boom....But hey in all the years of trying to cash in on IMP I've only won twice...So odds are do the opposite of me....

 

Only positive is their newly boosted balance sheet but that's earmarked for capex.....What's your take...?

Thanks in advance.

F'-&6kin' bazzzzingaaaa----ed again on this MO-FO

That's it never never ever again infact delete this thread FECK....!

Rant over......

[crowe]

Yeah was holding in LT portfolio as well as long CFD when Fukishima blew....I was Fukishimaaaaad along with.....Tried again just in time for Mad Bob next door to take half Zimplats for himself also was long CFD....Sleepless nights are a mild symptom of trading IMP

HaHa

[soutie]

Yeah was holding in LT portfolio as well as long CFD when Fukishima blew....I was Fukishimaaaaad along with.....Tried again just in time for Mad Bob next door to take half Zimplats for himself also was long CFD....Sleepless nights are a mild symptom of trading IMP

[soutie]

UG2 reef material has a more deteriorating effect on furnaces than Merensky reef & is much less profitable due to worse head grade....so going forward you wanna keep the Merensky for the time the plat price recovers.....Not anytime soon hence short I is..

[crowe]

Hey Crowe

No real target in mind as of yet...just expecting a slow painful grind downward...Nothing positive to support the price but mainly their costs sitting at R20,000 an ounce spot plat sitting at sub $1000 & looking to go further down. So looking at a +/- R6000 shortfall per ounce as of now. EFF gets going up in Rustenberg or AMCU & Boom....But hey in all the years of trying to cash in on IMP I've only won twice...So odds are do the opposite of me....

 

Only positive is their newly boosted balance sheet but that's earmarked for capex.....What's your take...?

Thanks in advance.

 

Hey man,

 

geez, i have been burnt way too many times on this one, i was playing it in 2010 when it was literally in its prime and still couldnt get the bounces right!

 

EFF is a good catalyst though.... LOL

 

i like it at its current prices, but wouldn't get CFD's, I'd am considering buying and holding for a few years. (but am not convinced this is the bottom for this poor bastard)

[soutie]

Hey Crowe

No real target in mind as of yet...just expecting a slow painful grind downward...Nothing positive to support the price but mainly their costs sitting at R20,000 an ounce spot plat sitting at sub $1000 & looking to go further down. So looking at a +/- R6000 shortfall per ounce as of now. EFF gets going up in Rustenberg or AMCU & Boom....But hey in all the years of trying to cash in on IMP I've only won twice...So odds are do the opposite of me....

 

Only positive is their newly boosted balance sheet but that's earmarked for capex.....What's your take...?

Thanks in advance.

[crowe]

OK so I'm in short now @ R36.93 gonna hold till end of the year.

Stop R40.28...Wide because I've had my Knackers well roasted offa this 1 many times before....

 

Hey Soutie,

 

why short? whats your tp?

[soutie]

OK so I'm in short now @ R36.93 gonna hold till end of the year.

Stop R40.28...Wide because I've had my Knackers well roasted offa this 1 many times before....

[soutie]

Will post on this the relevant thread.....Geez the post below Hmmmm food for thought...!  Anyway...flicked through the SENS just now R20,000 per ounce costs. Definite short but hang on yesterday it dropped 10% at one point.... Now when is the JSE gonna start to look into incidents like this.....It's F- obvious that someone new something before today's announcement.....Again big boys & their toys.....Us the sheeple....

 

Rant Over....As you were....

[Trigger]

Anybody buying impala? See Goldman Sachs has upgraded the stock, seems to be holding the R90 level. Any opinions welcome.