Sylvania Platinum Share Discussion Threads

[keith95] 01/8/2017 07:32

I would like 20p in 6 months ;)

[utrecht_00] 01/8/2017 02:44

ah don't be like that Keith... things look good here- potential to be a 20p stock in a couple of years?

[ashbox] 31/7/2017 13:52

Cobus Loots, the Chief Executive Officer of Pan African, commented: "The
disposal of Phoenix Platinum, which for some time has been non-core to Pan
African, enables us to further strengthen our financial position and to focus
on our large gold operations and the construction of the Elikhulu project."

If Phoenix has been treated a non-core by PAF then presumably SLP see opportunities. They are pretty good at what they do so presumably this will be earnings enhancing. I think its difficult to take a view based purely on what PAF has achieved.

[mnomis] 31/7/2017 12:47

Keith, where have I ever said I am short, and what are you smoking re a placing, although, judging by your rambling, details are clearly not your strong point.

[russman] 31/7/2017 12:33

Not sure about chrome angle.But it is a lot of feedstock - 6/8 yrs.

[keith95] 31/7/2017 12:31

.... and increase your short if you think a placing in on the cards .... or close ... if you think that this growth will occur organically :)

[keith95] 31/7/2017 12:29

"located more than 300km from Grasvally and Volspruit"

.... One time when I was in Brisbane ... I was taken to the gold coast for a day trip.

The one way journey was 100 miles .... where I lived at the time, I figured that I could go in almost any direction apart from due north and hit the "sea" in the UK ...
but didn't bother because my concept of "distance" versus an Australian's concept of distance is markedly different ...


.. same applies here.

Now read the small print:

"Sylvania Platinum Limited (AIM:SLP) is a rapidly expanding producer of the platinum group metals"

This time around.

Last year:

"Sylvania Platinum Limited, the low cost Platinum Group Metal ("PGM") processor and developer"

[mnomis] 31/7/2017 10:57

@ Keith95 - it does not take too many brain cells to look at a map and see that Phoenix is located more than 300km from Grasvally and Volspruit. You understand recoveries that come out of a Chrome Tailings Retreatment Plant right?

[mnomis] 31/7/2017 10:20

On balance, despite comment above, going back to my comment of 27 June, at least a) and b) are / have been addressed to an extent (at a cost?), so all in all, is OK I guess.

[mnomis] 31/7/2017 10:11

A couple of further comments: SLP presentations state pay dividends when higher sustainable Pt prices achieved; also state opportunistic growth through further tailings treatment deals if >20% IRR.

I want to know what Pt price assumptions / cost assumptions are needed to get loss-making Phoenix to show >20% IRR? And if rosy Pt price assumptions are used to get there, then where are my promised dividends?

My back of the envelope says SLP is over-paying for the acquisition (based on current market valuation for SLP as a comparable), but I do see >20% IRR on presumably reasonable cost reduction / Pt price assumptions, especially if acquiring a decent assessed loss, which should be noting that Phoenix is loss-making.

I trust this will be reported as a segment with full disclosure so that shareholders can properly hold management to account.

A couple of other comments - ZAR89m at 13.05 ZAR/$ is currently $6.8m (not $6.6m as stated in RNS). Based on comment of 2.4mt of dump resources, at 30ktpm is 6.7 yr life, or 7.5 yrs using reserve statement - not sure where 8 - 9 comes from.

GLA

[mnomis] 31/7/2017 09:48

edit to my above on the train calc - paying 18.7% of M Cap ...

[mnomis] 31/7/2017 08:56

News coming indeed ... thoughts on acquisition? Paying +/- 25 % of market cap to acquire operation producing less than 15% of current business' production which is producing at a cash cost of > 50% higher than rest of business. How is this a good use of shareholder cash??

[mnomis] 21/7/2017 12:05

9.00 / 9.75 spread. So much for making a market ... guess news coming soon

[mnomis] 21/7/2017 12:04

I was tempted to short at 14p, but did not pull the trigger. Happy to have re-loaded. British Bulls certainly seems to do relatively well on SLP trading recommendations.

[seagreen] 21/7/2017 09:48

Extraordinary volume someone built a nice stake or reversed a large short...which has been known to happen in these tiddlers ...remember an old RAB trick short it then reverse and go long...no idea but very interesting

[master rsi] 21/7/2017 00:24

also short term

from British Bulls tonight........
SYLVANIA PLATINUM
Last Signal:BUY
Last Pattern:BULLISH HARAMI CROSS
SLP 9.125p +0.25p

Signal Update Our system’s recommendation today is to BUY.
The BULLISH HARAMI CROSS pattern finally received a confirmation because the prices crossed above the confirmation level which was at 8.8750

[master rsi] 21/7/2017 00:08

or with Candlesticks

[master rsi] 20/7/2017 23:47

Tramlines broken out

Has been on a descending Tramlines for a while, and after holding at around 9p ( + or - ) for some time, today's rise with volume has broken out of the tramlines

[mnomis] 20/7/2017 18:45

Time for some dividends!! Glad I topped up recently, pretty decent volume today!

[master rsi] 20/7/2017 13:04

highly likely SLP will receive repayment of the remainder of the loans also next quarter.

Sylvania Loan Facility

At the time of the acquisition of the assets for the Project from the Sylvania Group ("Sylvania") in July 2012, the Company entered into a loan facility of R15 million with Sylvania Metals Pty Limited (the "Loan Facility"). Under the terms of the Loan Facility the Company undertook to grant Sylvania warrants as a guarantee. The Loan Facility, which now bears interest at 4% above the South African prime rate, was repayable no later than 30 June 2016, subsequently extended to 31 December 2016 and then to 30 June 2017. The Company has agreed with Sylvania an extension on the repayment date for the loan to 25 July 2017. The Directors' intention is to pay off the Loan Facility from the proceeds raised through the Conditional Placing.

[master rsi] 20/7/2017 13:03

from the "UPS" thread ......

UPS
SLP 9.25p ( 8.75/9.75 )

Has been at bottom for some time on the chart and now moving higher with volume . A well run company with $16.6m cash on 31st March. Q results due next week. buys @ 9.50p at the moment due to the large spread.

[master rsi] 20/7/2017 13:02

other reason

Q results due next week

[master rsi] 20/7/2017 13:01

other reason for the share price moving higher from the lows lately ........
Metal prices slowly moving higher

good news for SLP which produces mainly platinum (61.5%) and palladium and rhodium (38%) and gold (0.5%)