|Sylvania Platinum Ltd
||CMN SHS USD0.01 (DI)
||EPS - Basic
||Market Cap (m)
Sylvania Platinum Share Discussion Threads
Showing 3401 to 3421 of 3425 messages
|Surely this should be moving upwards|
|Surprised this hasn't move a lot higher - yet.|
|In terms of assets and continued growth, only just read to the bottom of RNS. And there appears some development too this quarter:
"Nonnenworth, La Pucella and Altona Platinum Exploration
Sylvania is pleased to report that the rights to mine copper, gold, nickel and PGMs as well as heavy minerals, iron and vanadium were granted by the DMR on 31 March 2017. The next step is to formally execute the mining rights at the offices of the DMR, after which it will be submitted to the Mining Titles Office for registration. Application will be made to the DMR for consent in terms of section 11 of the MPRDA to transfer the right to mine heavy minerals, iron and vanadium to a subsidiary of Ironveld Plc. This will be the final transfer of rights to fulfil the transaction between Sylvania and Ironveld as announced in July and August 2012"
Appears Volspruit Platinum Exploration and Grasvally Chrome Exploration also being progressed, however hampered by appeals and approval of Water Use License respectively.|
|The cash pile also increased even with a 144% in Capex with commencement of Project Echo.
With cash at 16.6m they have more than enough to fund Echo (10.4m left to fund, with 1.6m already spent) and funds for "rainy day". They also have a small debt facility.
At some point later this year they must decide whether to reward shareholders with a maiden dividend or utilise the money on an acquisition of an asset and/ or company.
Also good to see their production of 63-65K Oz this year looks conservative and they're confident of exceeding this.|
|Ditto that! Cash pile grew another $3.9m to $16.6m in a time of weak platinum prices. This is a healthy company which is due a re-rating imho.|
|Redtrend ... Thank you very much. The information in the presentation of 6 September 2016 is exactly what I was looking for.|
|Project ECHO with est. Capex of USD 12m will deliver circa 10yrs of sustainable production. There was a brief update on Echo in the last presentation, however it was covered already in lot more detail when it was first announced in Sept, as part of release of the last audited accounts FYE June 2016.
If you download Accounts for 2016 there's couple references to ECHO in management statements, but there is far more information in accompanying presentation "Amended London Investor Presentation" of 6 September 2016, with whole Appendix dedicated to it. Also a production profile on pg.28, broken down by tailings site.|
|I've been trying to get a quantitative handle on what tailings or other base material assets SLP has from which it can source future production—212;or at least what might be a reliable future source of such material. The available recent company report and presentation seem to be rather coy about this issue, apart from making a bland statement, without supporting details, that production of PGMs is expected to be maintainable at about 60,000 koz p.a. Does anyone here have any ideas about this?|
|News in the offing , city far to leaky with news around|
|nice tick up|
|It may be more accurate to track SLP against the "basket price" of Platinum, Palladium and Rhodium, considering the latter two make up roughly 38% of SLP's basket price and have performed better than Platinum this last quarter. Rhodium is now up to parity with Platinum at $960.
Also I would argue SLP has been significantly undervalued for a long time now, so thinking long-term it's not too disconcerting for it to outperform platinum spot in 2017 in current short-term period.
SLP still managed to add $1.6m last quarter to its cash pile at basket price of only $881. Taking today's current spot prices, SLP's basket price is around $917.
So with 12.7m cash in bank, profits being made at these prices and very little Capex over next few years to ensure smooth running for 10yrs, I personally don't think it's overvalued.
I would of course be happier to see Platinum in 4 digits again. Wonder if we will ever see Rhodium at $10,000 again?!|
|So does this mean this is overvalued ?|
|For the first time in years SLP is well clear of the 50 week moving average after back-testing it a couple of months of ago. Over the next couple of months I can see this in the mid 20s. That's, of course, with back and forth along the way. But one target at a time: 16p+ remains the near term target.|
|Not a difficult one ... +$100 rise in pop = +$1.7m / qtr (or nearly +$7m / yr)
In my view SLP has always been a downside protected highly geared play on pop. Already undervalued as is, an increase in pop will provide the blue sky.|
|what does every dollar rise in the platinum price add to the profits. Platinum looks strong and holding above $1000 now.
That must be significantly above what the last quarter was.
My average is 8p here and have a long term target of 30p but may top slice at 16p so itchy fingers.|
|Hey Husbod, an amazing coincidence indeed ;) I hear what you and Charlieeee are saying. I think Charlieeee and I are more aligned than Charlieeee thinks - i.e. some caution is warranted (which BOD has flagged), hence why I am on the sidelines, but inevitably, time will tell whether I get a good entry point back in or land up kicking myself for taking profits too early ...|
|Cheers nmomis. I have a private company that now pays me, by an unbelievable coincidence, exactly £5k in dividends which amazingly started this tax year. Hence I do not want any more dividends. I have a general investment strategy of loading my ISA with blue chip divi paying companies and going for capital growth on anything else. Mind you they are often high risk so capital loss is a regular event!
For me I'd rather the Board used the cash for expansion than paying it out to shareholders even if there is the obvious risk that the acquisition might not be shareholder value enhancing. A company like this needs to replenish its resource in any event. It is also better to sit on the cash until a good prospect appears than to blow it all on a second rate investment just to spend the money.
I would have thought that as a general view peeps who invest on AIM are not looking for divis but rather high risk capital growth. So let's live life on the edge and see what happens.|
They already do first, second and third passes.
What is different re Project Echo is the secondary PGM milling and flotation: slides 11, 26 and 27 of the September 2016 presentation refer (slide 27 being most helpful as it highlights the change for the "non-geeky").
We obviously have different views re the BOD's caution and the best way forward for the company (mine based on negative expectations re the future POP, as already discussed) so I have nothing further to add to the debate.|
|Ps Charlieee is this not third pass material as opposed to second?|