I hope so, this stock has been so slow to react to good metal prices. One could have made good money with short term trades (buy 18's sell 19's) instead of buy and hold. Covid set back the trajectory by a year but it's barely reaching it 2016 highs. They made acquisition of good yielding mines, of course setbacks with miner deaths and shutdown due to Covid.
smoki99
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@HHSPN, I think main issue is, that is not a "popular" or "meme" stock meantioned to much in news and twitter. But this is ok, so it will not make to much unpredictable moves :)
HHSPN
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@smoki99, True, safe harbor stock. Hope it realizes it true value soon especially with good dividends. Lot of projections on SLV going much higher by EOY. I'm in another miner SSRM, it should do good with GLD and SLV prices going up. I believe is undervalued now.
Another user @Lanmar put NEM and SLV projection worth looking
HypnoticStrix
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@HHSPN, The market cap if SBSW is 13B now, and it had a high of only 7B in 2016. Be careful of share dilution when looking for historical price targets with miners in general.
HHSPN
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@HypnoticStrix, they are doing heavy stock buyback. At least not issuing any new stocks in near future as per their CEO, he said not looking for new acquisition. They were on a Binge last few years but I have to say they acquired good properties. If the dividend stays and float decreases, we should see an increase in per share dividend. But Stock price appreciation is a different ballgame, if precious metals go down this will go down more. It's all topsy turvy now, commodities are not safe harbours anymore even against inflation. Not sure if crypto is playing a part, new variable in where money moves.
HHSPN
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@HHSPN, It might touch 17.30's again, it was support and resistance many times.
HypnoticStrix
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@HHSPN, Appreciate the insight, and sounds like you have done your homework. Platinum group metals react quite differently to inflation than gold, for example, as PGM demand is more correlated to the economy. The whole "transitory" story from the Fed is also training the market to not react to inflation numbers, so its hard to say how all of this will play out if inflation proves to be sticky. Do you know of any catalysts that would push PGM prices up significantly from here?
HHSPN
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@HypnoticStrix, it's got to be renewal energy.. in infrastructure bill is passed my guess is we might see some movement in Platinum. That is why Neal (CEO) purchased lot of platinum companies, outside South Africa too to balance the labor issues that crop up frequently. He was going to acquire rare earth metals too but stayed with precious metals so far. Inflation could be next, it is all around, I feel it in day to day life. Unfortunately metals and miner are getting dinged for all bad news in market even if its good for them. I'm stuck in SBSW and SSRM (good one based on fundamentals) but using them as hedge in my mind, although they do react to all news.
HHSPN
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@HHSPN, They purchased a lithium mine in US, although it doesn't matter but in the proximity of Tesla Giga Factory. They are future proofing their offering to EV market with Lithium. What price points you see are good for acclimation? TIA
HHSPN
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Is there technical damage to the stock? It is following Gold prices but they have small proportion of revenue coming from Gold/Silver. Might be a good time to buy if there is no technical damage to the chart. Do you see more downside? TIA