Sylvania Platinum Share Discussion Threads

[gotabsirius] 03/9/2016 11:19

Dan - Tom spent all last week under taking PR in the city. Expect a TR1 imminently..we are sub double digits for one reason only 'miton'. We all know why they have sold down from some 14% and it's not a reflection of the company. Slp was at 10p this time last year with costs much higher and PMG in decline. Now costs are 30% lower, PMG is in a bull market and the company has extended this life of SDO to 15 years. And we are currently 8p and not mid teens because in the mean time Miton has been offloading their massive stake. Soon this will clear and price will rerate back in line with the strengthening company position and appreciating PMG spot prices.

[gotabsirius] 03/9/2016 11:08

Come back in two months and see where price is. If it's such a poorly run outfit just don't invest mate....

[rbento] 03/9/2016 09:55

Management are taking big salaries and using excess cash to buy themselves shares for their options packages whilst shareholders get no dividend AND have a share price near its all time lows and has gone nowhere.Have to question who this company is being run for....This is the reason all insti's are selling out.

[dandadandan] 03/9/2016 09:43

Performance related share schemes are fine when you perform well.
But when times are tough, as they keep telling us, you knuckle down and do not help yourself, (just look at the drop in amount of cash in the bank from $8.4m to $6.7m). Total share buybacks since Sept 2015 has been 7.5m. Where are they going?

How many years has SLP been promising a maiden dividend? Is it 9?

Is that why the IIs are losing patience?

If SLP know the next two thirds of the next quarter and expectations are very high then why not give a dividend projection and stick by it? Do not keep promising jam tomorrow.

Web casts do not cause spikes it is the Market, which also governs the share price

IMO SLP need a new PR specialist. The Mcap is just too low compared to the income streams. It is one of the few on AIM that is making a nice profit, stop hiding SLP and get noticed.

Also why did they pay so much tax last year and not invest profits more wisely on tax efficient future developments? You invest capital for the future and Volspurit is an obvious problem. (Unless they are getting ready by improving internal efficiency, to sell the whole lot off to the highest bidder?).

GLA.

[eye2] 02/9/2016 15:14

SLP going breakout here over sold background buyer still in upward trend

[charlieeee] 02/9/2016 12:09

Being performance related, share option schemes align management interests with shareholders.

As the bonus scheme is in place, buying shares at these lows therefore provides good value for LTHs.

It should be flagging up their mid term expectations, particularly as two thirds of the next Q. are already known.

As far as a web caste is concerned, surely it is better to deliver solid results than promises, which just cause spikes and catch the unwary?

C

[dandadandan] 02/9/2016 10:37

More share buybacks for their bonus scheme.
Some could see that as helping yourselves.
That maiden dividend has been a long time arriving.

How about a presentation for PIs.
Stand Up and be counted, it cannot do you any harm.
Just look at your lowly Mcap compared to income.
The message has not got out to the masses.

Those IIs are only 49% now BoD.

Move with the times and try a webcast.

GLA

[mick113] 01/9/2016 00:22

Hi guy's been busy lately and still am with work/business. Check in daily but just quick 5mins or so.

Great results yesterday and looking great for the company bext few years. Looking as though the management are screwed on and know what they are doing best for company and cost saving. Think we will start to see shareholder value very soon. Glad to be holding substantial amount here and impressed with the overall business and profits every quarter. Bonus will be if platinum settles around $1300-1400oz for next few months then profits will grow quickly.

[gotabsirius] 31/8/2016 10:45

Company undergoing pr campaign in the city as we speak....

[charlieeee] 31/8/2016 09:56

Why bother to say (again)?

The reason that such information, as it happened, might have been useful, is that iis often have better/inside information and are acting on it.

Time has moved on since those disposals and we now are privy to information not available to them at that time.

Significant cost savings have been made per oz. and those are ongoing.

More importantly, project ECHO has extended the life of the project: at 10 to 15 years, that is now a decent "LOM" equivalent (and cost savings per oz. will more than pay for the $12m required).

The real issue here is POP: at lower levels, the company makes a decent ROCE, but at the recent highs or any further increases, SLP will be floating in cash.

That is the appeal here: a safe bet with significant upside if the recent run is resumed.

C

[dandadandan] 31/8/2016 09:11

IIs over 3% are now around 49% if you take out Barclays,Hargreaves and TDW (PIs).

This BoD need to get the message and start presenting facts to PIs.

They could start with a webcast.

Get your PR people to earn their keep.


GLA.

[keith95] 31/8/2016 00:57

6 Capital Research & Management 15,000,000 5.08
7 Odey Asset Management 11,718,099 3.97
8 UBS 9,782,572 3.32


Have all dropped off the RADAR since 2015 ... just saying (again).

[dandadandan] 30/8/2016 21:48

Project Echo at SLP.
More good news:

SLP say that they have potential further upside if wet high intensity magnet separation (WHIMS) plants are positioned on the front end of the PGM circuits.
The flotation plant capacity is increased and the feed grade is improved in flotation.

That is good techie news but how about looking out for a bargain with mining license in the bag. Volspurit is delayed with issues.
(Is Smokey Hills still up for sale?).

GLA.

[gotabsirius] 30/8/2016 18:47

No me neither. $1 million per quarter max. Company currently making about $4 million per quarter before tax...all looks good. Just a matter of waiting for next push in PMG

[on target] 30/8/2016 17:43

Looked at the presentation.



So they need $12m capex - which will be funded from revenue - over the next 4 years in order to get 60koz+ production for the next 10-15 years, with higher profitability even at 10% lower prices than last quarter.

Don't really see any issue there.

[gotabsirius] 30/8/2016 16:49

Well said sclper.....

[sclper] 30/8/2016 16:02

The Miton fund in question was hit buy a large number of redemptions after the loss of
a star fund manager and had to sell down its share holdings i.e it was a forced seller

[keith95] 30/8/2016 11:33

I think you will find that Miton are not the only II to have bailed SLP in the last year ... as I pointed out some weeks ago .... one could always ask Miton's replaced fund managers why they didn't like the position held in SLP ... for which the response would probably be 'better value elsewhere' LoL.

Asking a 'question' is not deramping .... suggest you read SLP results and try to interpolate between the lines of what was written ... unless of course you suffer from a variant of autism .. in which case you have my sympathies.

[gotabsirius] 30/8/2016 11:28

You've just proved you have no idea what you talking about. Do a little research into Miton fund first before deramping

[keith95] 30/8/2016 11:19

.... saw better value elsewhere?


These things happen ... question is how SLP boosts its PGM production which is what the market no doubt wants to see ....

[gotabsirius] 30/8/2016 10:25

Keith. Any idea why miton sold? Probably not.....

[keith95] 30/8/2016 10:12

... so nothing to do with IIs bailing then?

[gotabsirius] 30/8/2016 09:55

Michael, entirely agree. Great piece of news on website

[michaeld] 30/8/2016 09:28

Although there are risks associated with mining operations this one is greatly undervalued in my opinion. Part of the problem here is short term speculation I would think in that some people have gambled short term on an share price rise but have had to sell when it did not and the winners are the brokers and market makers? Hopefully the long term investors and SLP management will see how undervalued this is now and pile in to buy more. That includes me.

[yasx] 30/8/2016 09:05

Sleven,

In order to provide some balance, the company has indicated "SDO production profile can be sustained at ~55,000oz to 60,000oz going forward"

The anticipated decline in production to which you refer will be offset using alternative approaches, but that will incur a cost. It is all there in the presentation.

Michaeld,

I doubt there is much chance of this doubling anytime soon.