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SLV Sylvania

48.00
0.00 (0.00%)
24 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Sylvania LSE:SLV London Ordinary Share AU000000SLV8 ORD NPV (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 48.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 48.00 GBX

Sylvania (SLV) Latest News

Real-Time news about Sylvania (London Stock Exchange): 0 recent articles

Sylvania (SLV) Discussions and Chat

Sylvania Forums and Chat

Date Time Title Posts
16/10/202008:42Silver ETF9
12/8/201513:58All that glitters is SILVER !!!!!!!!!!!!8
27/8/201408:19Sylvania Resources4,199
21/11/201115:46SILVER - the etf8
18/4/201114:41Silver ETF90

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Sylvania (SLV) Most Recent Trades

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Sylvania (SLV) Top Chat Posts

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Posted at 24/7/2020 07:36 by chillpill
A bit of advice for anyone looking to buy into silver via an etf.

Don’t buy SLV but buy PSLV run by Sprott. Why? SLV doesn’t have fully allocated silver holding- there is an element of smoke and mirrors about the major gold/silver ETF’s which will surface one day imo.
Posted at 17/7/2020 09:47 by chillpill
Been a cracking trade from $11.50 in March to close to $18 now.

Done a ton of research and I think silver has a lot further to go.

As we know JP Morgan being investigated by DOJ for manipulating the silver price.

It is believed DOJ has ordered them to sell down position hence the big reduction in position at end of June down to around 120m oz from c. 160m oz.
Posted at 03/2/2016 23:17 by stavros28
Silver moving off SLV
Posted at 12/8/2015 13:58 by stavros28
Just sold a shed full of put options under silver SLV in the US and its moving off , first target $ 15 THEN $ 17.

Have fun, Stavros.....
Posted at 22/8/2011 23:23 by energyi
Argentex Closes C$10,005,000 Bought-Deal Financing
Vancouver, BC, Canada - August 19, 2011 - Argentex Mining Corporation ("Argentex" or the "Company") (TSX-V: ATX, OTCBB: AGXMF) is pleased to announce that it has closed its previously announced "bought-deal" offering of 8,700,000 units (the "Units") at a price of C$1.15 per Unit (the "Offering Price"), for aggregate gross proceeds of C$10,005,000 (the "Offering"). Each Unit consists of one common share in the capital of the Company (each a "Common Share") and one-half of one non-transferable common share purchase warrant (each whole common share purchase warrant, a "Warrant"). Each Warrant entitles the holder to purchase one additional Common Share for C$1.60 at any time until 5:00 p.m. (Vancouver time) on August 19, 2013 (the "Expiry Date").

/more:
Posted at 01/10/2010 18:18 by fjp73
A Very Good Evening Chaps/Esses,

Kooba, a very interesting article and thank you. Not because of its echolalia to the RNS but for a key statement that needs breaking down. The deal brings a host of advantages that could not be explained in direct monetary terms, such as consolidation of the SDOs operations, a closer working relationship with Samancor and the potential to explore other opportunities with Samancor.

Andy, good questions:

How much did Samancor Pay? I don't think we'll ever get to find out, but SLV have also paid SamancorCr in shares, so does it matter in the scheme of things?

Why did they buy to shift straight on to us? My personal opinion is SLV needed cleaning up and I've discussed it below, but in short, expansion and clean business.

Did they buy on our behalf as we couldn't because of BEE? They bought the BEE to amend the Service Contracts between SLV and SamancorCr, so that in essence SLV are now a contractor for SamancorCr and only have to comply with SamancorCr's BEE compliancy. Under BEE regulations only another BEE compliant company could have bought the BEE, thus SamancorCr

Is this part of a master plan for Samancor to take us over? I believe so and for the reasons listed below but in short, SLV now is a good mechanism to acquire listed companies via SLV share certs whilst having a private owner

When will the new board members be joining us and will it be additions or replacements? My personal view, and sadly, is that a number of the BOD will depart with the addition of more expansion focussed, producing minded group coming on board, with a few familiar faces to enable confidence to be retained with the existing shareholders.

Et Al ("and all" in Latin lol):

Well, I do not believe it is hard if you delineate all the reforms that have taken place to work out what the entire transaction is implying.

a) Please look at the presentation to see what's happening in terms of production and where SLV is on that "journey!" I have included the link to all the presentations as it's important to back track through them and see what's changed:

b) SamancorCr have reduced their tonnage in the interim which impacts on the long term story of SLV, however there's plenty of development and production to be getting on with.

c) What do SamancorCr do?

d) Who owns them?

e) How much cash does IMR-IMS Group have? Well there's a good question, but I have this feeling SLV have just found a sugar daddy, that may want a marriage after a few dates.

f) Right, so IMS/R have a "little cash", know SA very well and want to get develop.

e) So SamancorCr are working with a company (SLV) that is in the final stages of a underpinning itself as a developing producer and becoming a small player, a new dawn so to speak. I think SamancorCr have realised this potential value.

f) "According to the press," SLV has had a number of suitors and I can only conclude that the suitors didn't like the company structure, the BEE and the deals with SamancorCr. Could the service agreements have been limiting in their very nature? Are they still? Yes I believe so, but likewise adding more value than they take away.

g) SLV has now struck a deal which will by-pass the non-commited production and start making "a full basket premium" for itself, something I suspect SamancorCr still want their cut; so why not get in to bed with SLV? After all, SLV isn't the kind of lady that has been round the block :-).

h) My personal opinion is SLV is now kitted out nicely and this is an early stage to SamancorCr's development, which I believe is part of the bigger picture.

Now if I was speculating on the way forward, I envisage SamancorCr taking SLV private because it fits nicely within their model, but will they first utilise it to acquire other PGM companies (via share certs first) and then take private? Well that's a question only a psychic will answer and I'm not one, but it looks likely. Long-term, I see SamancorCr being main listing FTSE or JSE (Johannesburg Stock Exchange) or both and IMS being able to relinquish some of their cash in SamancorCr by IPO'ing. I must not forget they are in it to make cash as well. (Initial Public Offering, sorry I always try and break things down to make it easier)

So SamancorCr will have a nice % of a PGM producer to go with their Chrome. There's a certain amount of Irony here, and something for which is clearly obvious. Think who owns Ruukki (Largest Shareholder)? Think what company did they previously own? SamancorCr! Now don't you think it's odd that two Chrome players, yes I'm going to use that phrase, as Ruukki have unsurprisingly bought Chromex, both wanted SLV. Although one is now in the camp with SLV instead of being out in the big wide world.

What is it that SLV "HAS" that would make two Chrome producers want a piece of the action? I believe a nice model that fits in with their format. Likewise a well-positioned operation that is a good model to build from, with the JV with JLP (Jubilee Platinum's Conroast), the Lannex ramp up, Everest North, albeit awaiting confirmation, the JORC increases, and the reduction in costs per ounce as ramp up continues. This, in my view, will present a value that most brokers have clearly missed. Well I say most, but not some as I suspect we'll find out in due course.

You (SLV) have got well-positioned assets, a board of directors, that I believe will be wanting to expand SLV massively and progress with low risk, low cost acquisitions. This even includes certain companies on the Bushveld that have been marketing themselves for a good period of time and being considered an ugly sister. Predominantly due to the lack of asset development or investment in their licenses to derisk the projects / make the more marketable.

So over the longer-term, SLV could potentially be the third largest PGM producer in the world. Wait, I hear you say, NKWE Platinum (NKP) should do that via Xstrata. Well there might be a close run thing there then, I didn't say assets, I said producer, for which Xstrata may or may not take the options (although as I am a shareholder in NKP I firmly believe they will). Big statement there by me and I have thought about it.

Now lets go all the way back to a) regarding presentations, if everything goes to plan the near term news flow should be very fruitful. So for the future, which has SLV got an office in Australia? I appreciate their model has been a listing on the ASX, and this gives Australian Investors peace of mind. They're an odd bunch those Ozzie's (with due respect), they will buy on the ASX but if it's another market they don't want to know, please see the Ruukki calamity as an example when that was going through. Although some say the deal fell through because SLV/Ruukki couldn't tie up BRR (Braemore Resources aka ConRoast). I perhaps now believe that BRR would have been a done deal and it was Ruukki's largest shareholder that scuppered that the entire process by making the SLV shareholders have a higher risk with the overseas listing which in turn made people think twice. Anyway, back to the future. I don't envisage an ASX listing for much longer, or any listing, but I do feel the ASX aspectwill disappear sooner, which also saves a few quid.

I will enjoy seeing things move forward, certainly some very exciting times and with a set of books and news that change the entire foundations of a company. However, don't forget risk, there is plenty in what I've written, such as, "Will they look after the original shareholders in the expansion?" I believe so, but it's still a risk. "Will they offer a decent price or shaft SLV'ers like MTL Metals Explore?" I don't think so based on my "guesstimate" for what they've paid to get this far, although remember there's no friends in "big business!" "Could there be a dip in PGM demand?" Well that's certainly a possibility. What about the potential devaluation of the Yuan, who will that impact upon a ZAR (South African Rand)/GBP (UK Pound) and U$D (US Dollar)? Well I don't know to the latter, but all the same some bloody good potential.

All the very best to SLV and the SLV'ers, certainly a very exciting week! Then again I am sad. Fraser
Posted at 30/9/2010 05:58 by fjp73
Morning Andy,

I'm still running certain aspects of the presentation, books and the like. I suspect I won't have all the answers until after the weekend. With IMR involved via Samancor, the money aspect means SLV could now go on the hunt or could there be perhaps joint opportunities! Could they be adding to their portfolio in terms of exposure to a long drawn recovery? Low cost etc...Yes you could argue well it's the same as "high" cost due to Chrome discounts, but it's the bottom line that counts which is what every shareholder wants.

With a new pipeline of news / opportunity inferred via the hook up with Samancor, perhaps there's now just significant finance availability to change SLV's position. Yes I might be eating my hat about a buy-out by Xmas, but I am sure the SLV'ers will be looked after over the longer-term. After all, there's some hefty buys well above current prices by Directors.

SLV in my view could just be one of those stories where the underdog goes from strength to strength, one thing is assured, "if" the presentation is utilised as a guide to news, there's a healthy stream flowing over the next say, 2 months ish...

As a risk aware statement, jumping into bed with Samancor could deter a certain buyer, however, if the potential buyers saw the value, it might be worth having more than a one night stand. That's another considering, SLV have known and worked with Samancor for some years now, it's not an unknown entity and the company's operations have grown as a result of what could have been alluded to as a miscarriage in terms of contracts say in 2006. Ironic that the former owner of Samancor (Major shareholder) wanted SLV via Ruukki (RUG1V) and now...

Some exciting times, which I suspect I haven't seen the full value of yet!

ATB Fraser (with his SLV T-shirt)

Some statements might be forwarding looking and possible lol
Posted at 15/9/2010 05:28 by abudhabitrader
Morning Bones - Since I have been following SLV they have brought a further 2-3 plants on line. However, it will only be after probably November that they all get them singing off the same song sheet and working near full capacity. That is why the share price is still down here and the markets not woken up to the fact but it will if we dont get taken out because if someone like me can do the maths then AQP or Impala surely can.

I spent yesterday morning working various senarios for SLV and I came up with anything from 58p to 2.35 with my most likely scenario 114p.

The very conservative figure of 58p took in to account that Lannex would only produce 80% of predicted output, a negative swing of 10% in currency fluctuations and a very high cost per oz ($600) and a poor cost per sale price for platinum ($1250) and that we would only be at 7 time our earnings. This still gave us more than current share price so I would deem SLV vsery low risk with loads of upside.

Let see but I am still learning and if you took half hour using the last qtr update figures you can see where we are at and where we are heading.

Now my best case scenario of 2.35 had a 5% currency uplift, Lannex at full capacity, production costs ($395 per oz), sales of Platinum ($1450 per oz) and based on 15 times earnings.

Even these figures are not pie in the sky. Platinum peaked at around $2200 in 2008. Once all plants are on line $395 is very obtainable, 15 times earnings is not uncommon in this sector and currency who knows.

Howver, as FJP kindly taught me. Always be consrvative and if it still looks good then your laughing and if it exceeds expectation then its a very nice bonus.

Good luck and not long to wait. Tick tock.
Posted at 05/9/2010 20:55 by harmonics
Mr Fraser
I have a reliable friend who has researched SLV for the inherent value and the possible takeover.
The rub is that in his opinion the new income streams leave this stock undervalued anything else is a bonus!
To be adventureous is uncharacteristic of my friend but he says (and I quote) "just buy SLV and be prepared to hold".
I intend to go heavy on SLV.
Of course the obvious may not transpire (as in life) but in my opinion SLV forms a solid investment oportunity rather than a gamble though an educated gamble is what it is!
On the plus side the share price is close to a low ebb in the share price value cycle and so I gain comfort in the fact that the risk of downside is minimal.
All in my opinion.
Posted at 27/8/2010 17:08 by fjp73
StuCom- Off Topic for SLV, but lets see, from my experience where there is a significant change in ownership of shares, the share price tends to test the ranges a little. Lets see if this is proven correct with Jubilee Platinum (JLP). An example of this was LOND earlier in the year, when a bucket load changed hands at 245 pence. I hope that helps....

Re: SLV...Interestingly, supply is slipping on Platinum but the share price isn't moving as it should. Could there be a trend change shortly?

Hi HandyKart - long time no see, hope all is well with you and all yours!

AbudhabiTrader - your pay did is a few days close to buy more lol...

BW Fraser
Sylvania share price data is direct from the London Stock Exchange

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