Sylvania Platinum Share Discussion Threads

[buddenbrook1] 24/1/2025 19:56

Looks like the seller who has been plaguing this share finished this week. Waiting for the next update. PGMs a good play in this market. I'm very bullish on gold this year and PGMs will track this. GLA

[the oak tree] 23/1/2025 22:09

" Platinum has unique physical and catalytic properties. Thirty times scarcer than gold, it's one of the world's rarest metals. All the gold ever produced would fill three Olympic-sized swimming pools. But the total amount of platinum ever mined would merely cover your ankles in one such pool. Perhaps because it is so scarce, "few people are currently aware of the full range of interesting and highly beneficial things that platinum does"

[valhamos] 23/1/2025 16:25

Thought it was time to revisit this company - held 5 years ago for 12 months for a very profitable trade and looking to repeat the exercise. SLP being a low-cost producer is still profitable at current prices yet those that are not are not investing and supply is being constrained; at the same time, there is increasing comment on demand recovering. So I'm optimistic about the outlook for PGM prices. SLP will further benefit from the Thaba JV coming on stream, increasing output with chrome diversification.

[the oak tree] 23/1/2025 07:05

An old article being Nov 2024 but well worth a read for details of the metals and likely forecast.Two recent actions from Trump first days might be :1. Sanctions against Russia re this metal. Russia being the main supplier would therefore increase the price. At the very least it's a risk.2. Petrol driven vehicles appear to be back in vogue for USA, so perhaps that increases the price for the metal. https://moneyweek.com/investments/silver-and-other-precious-metals/will-platinum-and-palladium-riseThe metals here have lag behind rises in gold etc. I reckon it will have its time again. PatienceDYORGLA

[devonlad] 22/1/2025 12:46

Spread is 44/46, currently being offered 45.4 to sell, the real bid is well above mid so buys showing as sells, got to be a strong background buyer here imho but wtfdik!

[zho] 22/1/2025 09:30

GoRozen's Adam Rozencwajg and FM Django Davidson discuss the outlook for PGM pricing in a December podcast:



Historic underinvestment and forecast production deficits in forthcoming years should be supportive of prices, they reckon.

DD outlines his case at

[m w] 21/1/2025 09:06

Should be getting a quarterly report shortly

[buddenbrook1] 21/1/2025 08:59

Watch the volume... someone taking an interest here

[faz] 20/1/2025 15:41

There might actually be a revival going on.

[jezza123] 05/1/2025 13:42

Ok so 30 mill seems a bit nuts to me - whats the 'cash burn' scenario then?

[masurenguy] 05/1/2025 13:20

The market cap is £107m and the net cash is circa £77m ($95m). So the current market cap is 39% above net cash, the EV is just £30m and the company was also moderately profitable @£5.5m last year.

[jezza123] 05/1/2025 11:35

errr... so market cap is currently £107 million - whilst as of June 30, 2024, the company reported cash and cash equivalents totaling $97.84 million, while its total debt was approximately $928,242, resulting in a net cash position of $96.92 million.

so the current market cap is nearly the same as the net cash position?? is that right??

[napoleon 14th] 21/12/2024 12:15

Saw this on SimplyWallStreet, today 211224:

Sylvania Platinum SLP
Last Price £0.41 80.5% undervalued
Fair Value £2.08

Sylvania Platinum Limited (AIM:SLP) announces an Equity Buyback for $1.6 million worth of its shares.
Sylvania Platinum Limited (AIM:SLP) announces a share repurchase program. Under the program, the company will repurchase $1.6 million worth of ordinary shares. The shares will be repurchased at a maximum price not higher than the higher of the price of the last independent trade and the highest current independent purchase bid on the trading venue where the purchase is carried out. The purpose of the program is to reduce the share capital of the company. All the repurchased will be cancelled. The program will be funded from the company's current cash balance. The program will expire on February 28, 2025.

[dosser50] 20/12/2024 13:03

Bought a few more here before it hit 40p.

[baldrick1] 20/12/2024 12:31

Thanks for the reassurance

[sekeh] 20/12/2024 09:04

US$1.6 million sbb should put a floor at around 40p.

[baldrick1] 19/12/2024 14:08

New support is now 35p :(

[justiceforthemany] 17/12/2024 21:10

SA economy.2025
GDP +3.3% forecast

[justiceforthemany] 17/12/2024 18:21

South African economy or UK?
FTSE gets hammered even though most stocks earn their corn overseas. Short seller infested manipulation.

[alan@bj] 17/12/2024 15:52

Only a couple of shares in my portfolio are showing gains today. The majority are down. The general economy is the issue.

[buddenbrook1] 17/12/2024 11:18

There is also a pattern. About 200k sells early doors and low volume rest of the day. Need the seller to clear and then some positive news. I am confident it will look very different this time next year.

[gekks] 17/12/2024 10:59

This is painful

[rabiddog] 16/12/2024 08:56

Yes…power supply is still a risk for us in SA though

[baldrick1] 16/12/2024 08:44

At least we don't have issues of power cuts like JLP.