Sylvania Platinum Share Discussion Threads

[plat hunter] 28/11/2020 09:41

Gold gold gold kenny 2.5k coming

[kennyp52] 27/11/2020 21:57

Took 80% out Plat .. gone cash again for a breather. CEY ; JLP ; SHG ( probably for good ) .. got a nice profit on this over 15% plus the dividend to come but market just feels like it’s biased against the miners .. for no good reason IMO but miners are just not being valued for some reason ... so what the fek is round the corner ?? Left 2,000 shares in just to keep a daily eye on the share price and when the market starts waking up to true values of some of these I’ll be keen to jump back in .

[scooper72] 27/11/2020 16:43

Glad to hear you have that effect on stock prices.

[thelongandtheshortandthetall] 27/11/2020 13:56

Just bought in. It can go up now - thank you very much :)

[martinfrench] 27/11/2020 12:07

i reckon another 1p for the retrace to be over, will add some more at that level, or shortly after div pay date 4th dec

[stoodio] 27/11/2020 10:43

Doggystyle

[kennyp52] 26/11/2020 21:30

Dog tired ?

[whitefish] 26/11/2020 17:01

Not a chance - re learning about the Dividend (or an update) until January with the Operational Report or February with the formal Half Yearly report.

[nimrod22] 26/11/2020 16:38

AGM tomorrow, maybe some news re windfall dividend...

[martinfrench] 26/11/2020 15:01

were consolidating / retracing risa, wont be long before a surge through 80 and hold

[risa5] 26/11/2020 14:50

This should be up today (maybe it will end up today?), all SA gold and platinum companies are up today... Https://www.msn.com/en-us/money/other/south-african-stocks-pare-gains-in-early-trade-mr-price-surges/ar-BB1bnwed

[martinfrench] 26/11/2020 10:47

it would bloody need to be a small amount of rhodium at over 16k an ounce !!! would like us to process some iridium too but cant have it all :-) from chemistry days, did burn very nicely that one.

[thelongandtheshortandthetall] 26/11/2020 10:25

Thanks guys. Great posts! Rhodium seems to be the biggest mover of late. From my scratching of the suffice I understand a small amount of Rhodium added to Platinum can vastly increase the integrity of the platinum and its uses - meaning less platinum needed for a small about of Rhodium. Either way I can see the future has uses for the PGMs and it seems to appear that the futures supply is limited.

[martinfrench] 26/11/2020 09:50

thelongshort.... pgm's in my view wont retrace much if at all (and prob keep going) 1. industrial demand high due to legislation, cat converters etc, fuel cells 2. supply deficits 3. increased value due to dollar moves 4. follow on effect if gold moves up 5. historic plat : gold ration 2:1, currently 1:2 (if this goes back to trend look out) so for all of the above our pgms are a far better place to be in than gold, only potential issue would be 1. changing, but cant see that we just happen to mine the best minerals in the world, all are incredibly useful

[kennyp52] 26/11/2020 08:22

Whitefish .. those are the facts . Why the market is not seeing yet is a bit of a dilemma but a big lifting of the dividend next year might create the catalyst ? Good luck . Holding to at least 3 figures SP

[whitefish] 26/11/2020 04:27

For thelongandtheshortandthetall, the only negative thing at present apart from a lack of fresh tailings is the exchange rate USD:Rand with an adverse move since September. That said, I expect 6 month EPS to be around 12p to 31Dec2020. This is a remarkable number and assumes no exceptional items or write-downs. Cash generation should be good, albeit some of it maybe in working capital - trade debtors / contracted assets. I regard both almost as good as cash, just delayed due to the trade cycle. Marketwise all 3 main PGMs Platinum, Palladium and Rhodium r priced above the company's Base case, materially (c$2,000 an ounce) in the case of Rhodium. The unknowns r power-cuts impacting production (less noise this year), water shortages (but the company has drilled bore holes to address this problem) and in reality just knowing the level of production actually being achieved in Q2. Not many companies with likely $100m + of EBITDA in FY to June 2021 and probably around just USD25 to 30m in Total liabilities, likely covered 2 times by cash balances! Like many, I expect share price to hit 100p or more in Q1 2021 when HY results r announced and hopefully a decent "metals dividend".

[thelongandtheshortandthetall] 25/11/2020 21:19

There's the rub. Can precious metals hold their current levels. Does the market fear a speedy reversal? Genuine question. Can not find anything not to like.. investors dream on the face of it. 🎩👍

[kennyp52] 25/11/2020 20:51

On pure fundamentals this only needs some momentum and increased dividend to start realising a more realistic MCAP Imho . The basket prices have risen nicely , cash in the bank , decent production ... EPS is reported at 14.63c per share or 10.65p ... 14.2% ...and the business has moved on significantly from y.e. 30/6/20 . If you are wondering why some commentators are indicating it is undervalued I then it really is not rocket science ... it’s staring us in the face . The only thing holding it back Imho is recent risk on driving mining stocks down . When we get the predictable poor results from companies and investors realise the gravity of the problems in the world economy due to Covid then yields will be non existent for some sectors of the market ... while precious metals are delivering substantial margin premiums at the moment and if prices hold will lead to substantially increased profits and cash . For companies without debt that should mean increased dividend / yield making the share prices look very cheap . All Imho . Good luck all holders .

[thelongandtheshortandthetall] 25/11/2020 19:19

Yes thanks Calougra2000 appreciate the article too.

[mrnumpty] 25/11/2020 19:16

I received an e-mail today from Interactive Investor listing what, in their estimation , are " 10 cheap small-caps the pros may have mispriced " . Sylvania Platinum is one of the ten . However , there was no text or explanatory notes about how they had come to their decision Good luck all .