Sylvania Platinum Share Discussion Threads

[death by donut] 21/8/2019 10:10

No , they just taking the preverbial after i stopped out at 34p :-)

[snorky123] 21/8/2019 08:37

Has there been a broker upgrade or tip out?

[dangersimpson2] 16/8/2019 19:16

There's no prediction required! They've already given the unaudited H2 figures in the Q4 trading statement. Combined with H1 figures gives c$30m EBITDA & c$17m Net Profit.

What we don't know yet is:

- production guidance for FY20. Don't think they will be able to do 4x Q4 = 22koz but hoping for 75-80koz guidance.

- Current pricing. You would think that current 4E spot pricing is highly advantageous to the company vs FY19 but they don't always get exactly spot prices and in Q4 lower byproduct pricing hurt their average basket price.

- Cash Cost guidance. Recent ZAR weakness should certainly help keep costs low in $, though may be partially offset by higher wage deals etc.

It's the future guidance that should accompany the results that is important not the figures themselves.

[red5] 16/8/2019 17:58

What are people's predictions for the results for this one.

[zangdook] 15/8/2019 13:53

You have to hold something, unless you eat it all.

If the alternative is holding Sterling through Johnson's forthcoming shenanigans, I'd rather stick with underpriced profitable commodity producers for at least a chunk of my assets.

[basem1] 15/8/2019 13:23

Would not be holding anything with a recession looming Scary stuff and normally I would expect a bounce but not this time

[huntie2] 15/8/2019 11:52

it's annoying, Red5, but that's the markets for you.... Holding on to all of mine.

[dangersimpson2] 15/8/2019 10:26

PGM pricing a bit weaker so maybe a reaction to that combined with people running tight trailing stops.

4E basket for SLP is still up 27% in ZAR since February. Don't think 20Q1 will be quite as good as Q4 on the production front, delivering double-digit increases in both feed & recovery was simply phenomenal and probably won't be repeated.

Think we will have to wait for Results announcements for FY20 Production Guidance but if they can keep the Q4 momentum, and barring water issues, going forward I don't see why they can't do 80koz, which at current pricing should be somewhere between £30-35m net profit vs an EV less than £80m.

[death by donut] 15/8/2019 10:00

prob to fill an order? cheeky bstards. Half mine gone , decent profit tho so not to bothered.

[red5] 15/8/2019 09:55

why such a big drop.

[red5] 15/8/2019 08:55

should be a buying opportunity pretty soon.

[red5] 07/8/2019 18:58

basem1 dont worry pal i've been there just have to lock and load for tomorrow.

[red5] 07/8/2019 16:58

Don't you find strange that all buys today and yet the price went down

[petewy] 07/8/2019 16:42

I have red ob iggy ( filter). Is he saying anything of worth?

[red5] 07/8/2019 13:10

this really crazy all blues so far and the price went down?

[red5] 07/8/2019 08:38

all buys this morning but the price was a little down?

[red5] 06/8/2019 13:47

Nice steady move up

[plat hunter] 06/8/2019 11:09

China export a crazy amount of PGM's in the form of finished products and parts for end use.

[red5] 06/8/2019 11:01

either way the value of these rare minerals are heading up.

[redtrend] 06/8/2019 10:57

I didn't think China exported any PGMs of any value. I thought it's predominantly South Africa, Zimbabwe and Russia (by-product of the Nickel operations).

Are you not thinking of Rare Earth Metals that China are the major exporter of?

[red5] 06/8/2019 10:36

yes it would mean that the prices for these minerals would be higher.