Share Name Share Symbol Market Type Share ISIN Share Description
Sylvania Platinum Limited LSE:SLP London Ordinary Share BMG864081044 CMN SHS USD0.01 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.75 2.11% 36.25 36.00 36.50 36.75 35.75 35.75 882,062 16:27:36
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 55.6 19.2 0.0 - 103

Sylvania Platinum Share Discussion Threads

Showing 4101 to 4123 of 4200 messages
Chat Pages: 168  167  166  165  164  163  162  161  160  159  158  157  Older
DateSubjectAuthorDiscuss
11/10/2019
09:08
Plathunter - I know you're just your trolling and muckraking, like you do constantly on the JLP board, but your ignorance of the law and business is almost comic. The legal case is between the AMCU union / Samancor workers' trust and Samancor. Nobody has alleged anything against Sylvania, and even the affadavit of the disgruntled Samancor former employee only shows Sylvania battling hard to win a deal. If the AMCU case succeeds (which I would think is rather unlikely based on all I have read so far) then it is Samancor who will have to pay compensation to the workers' trust, and not Sylvania. Your talk of seizures and so forth is ridiculous scare-mongering. Are you looking for a lower entry point, or just having your kind of "fun"?
bookwormrobert
10/10/2019
19:46
I agree with most here that there isn't anything criminal alleged against SLP.However the association risks can not be ruled out until all claims have been refuted... Have SLP allowed themselves to be used as a money laundering vehicle?Additionally SLP paper could be the subject of a seizure order and the terms of the tailing agreements could be put to tender, for the purpose of compensating minority shareholders.All big if's and but's... But until samancor and SLP make a statement in some way, it's all on the cards.
plat hunter
10/10/2019
13:20
Yes all up in the air Time will tell Nail biting and second guessing very rarely is constructive Off to tech stocks now Other imponderables to wrestle with
handyandy028
10/10/2019
12:56
If you look at the chart, there's nothing terribly remarkable. It goes up and down and up and down. So from that point of view, at least, I don't think they need to do an RNS. >:-)
zangdook
10/10/2019
12:46
More like, they are bound by confidentiality agreements with Samancor, and they care for their relationship with them. Also, there really is nothing to answer.
bookwormrobert
10/10/2019
12:31
why there is no RNS - they do not know they do not care they wont tell
kaos3
10/10/2019
12:31
HandyAndy! To state the obvious, nobody is litigating with Sylvania. So there is nothing to second guess. The case - such as it is - is Samancor vs. the AMCU union. Having read the affadavit, the part of the case relating to Samancor's relations with Sylvania is incredibly weak. The other accusations against Samancor are a bit better supported, IMO, but not by much.
bookwormrobert
10/10/2019
12:30
HandyAndy! To state the obvious, nobody is litigating with Sylvania. So there is nothing to second guess. The case - such as it is - is Samancor vs. the AMCU union. Having read the affadavit, the part of the case relating to Samancor's relations with Sylvania is incredibly weak. The other accusations against Samancor are a bit better supported, IMO, but not by much.
bookwormrobert
10/10/2019
12:13
No company comment Other boards now talking down the issue Quite amazing no comment from company For sure I am not second guessing litigation
handyandy028
10/10/2019
07:20
thanks to all for the posts, especially REDTREND. I too am a LTH in scale, was fortunate to top slice, re-bought yesterday and happy to accumulate at these levels. Also agree that if not a current holder makes sense to sit on the sidelines. Its an unexpected and worrying development but agree that overall price now represents an attractive risk / reward especially as mining rights look to get sold / special dividend. All IMHO, DYOR + BoL SLP is in my top5 hldgs
thirty fifty twenty
10/10/2019
07:19
Redtrend - very detailed research. Thanks for posting.
kibes
10/10/2019
07:03
All a bit of a worry knowing how corrupt SA is
snorky123
10/10/2019
06:14
Here's the affadavit of the disgruntled employee / whistleblower on which this case is founded: hxxps://amabhungane.org/wp-content/uploads/2019/10/1.-2019-09-25-Kon-Affidavit_SIGNED.pdf Read it yourself. I make it a sandwich with no meat in it, or a "nothing burger" as our colonial cousins would say. Thus, I make this a buying opportunity. But please DYOR.
bookwormrobert
10/10/2019
05:20
Plat – I don’t think it’s specific to tailings industry or would impact trust any more than usual. Global mining and extractive industries, whether it’s gold, PGMs, oil and gas have colourful pasts and many rather shadey characters and players (Koncar being only one of many). I think in general trust in SA industry as a whole is shaken more than usual last few years – whether it’s Eskom, Unions, Government shenanigans, Mining Charter etc. etc. On a long list of external factors that could impact SLP operations, Eskom and indirect strike action is up the top (Mining Charter doesn’t impact tailings processing so not too worried about that). I don’t think it’s clever deramping, I think it’s a political manoeuvre by AMCU against Samancor, looking for a “win” on any issue they can try and drum up support. SLP is a minnow that just happened to be caught up in it by association (by very fact we have Commercial Agreement in place with Samancor for the processing of chrome tailings).
redtrend
10/10/2019
05:15
Fraz - at 44-45p it felt like SLP share price got a bit ahead of itself in the short-term (even if in long-term 12 - 24 months I could easily see it at 50-60p. Liberum house broker's target is 68p). A number of LTHs would no doubt have top sliced above 40p (I have a very large holding here and am a LTH, but even I "top-sliced" a portion of my holding). It then seemed to settle around 38-39p, after some great Accounts, but I feel perhaps some were disappointed by the dividend yield - it certainly didn't set the world on fire, but patience is a virtue I guess (related ex-div date is 17 October and div yield now more enticing at these levels). The recent 38p to 31/32p appears to be down to fear/ uncertainty regarding this claim in question - so yes I would agree a statement is required, no matter if even a simple placeholder. My own personal opinion is whilst it could get choppy in short-term until a formal statement is made, this provides a buying opportunity for LTHs and I topped up again late yesterday (only hindsight will tell me if I jumped in too soon). For brand new PIs to SLP, it may be best to stay on sidelines until a formal statement is made by SLP. Politically the only risk I could see is if AMCU try to escalate the situation and call a strike on Samancor Chrome Operations, which in turn would impact SLP. However considering they were the last and only union to be interested in this claim, I would hazard a guess that not many Samancor workers are affiliated with AMCU and it would backfire if they tried such action. AMCU are already on incredibly shakey ground mis-handling a number of issues this year. Another wrong move from them, de-registering can't be far off.
redtrend
10/10/2019
04:34
476 "which gives SLP the rights to process chrome indefinitely" true? link? I am new.... "Samancor-Sylvania deal was unfair against Samancor (complete rubbish...." why? and data ,links to support it a a fact? TIA legal aspect of it - is there an usual 10 years cut off???
kaos3
09/10/2019
18:57
Redtrend - the share price is off ~25% from the peak - in pretty short order, and without a significant short term movement in commodity prices. Admittedly it's a volatile share but, still, they need to say something. They could even initiate a further share buyback to take advantage of the depressed price, perhaps?
frazboy
09/10/2019
18:56
Hopefully you're right Redtrend...As a JLP holder I'm more concerned about anything that might undermine trust within the tailings industry and I await a response from SLP.Also could just be clever deramping campaign prior to possible record results. I haven't seen anything on the subject from anywhere outside of Africa.
plat hunter
09/10/2019
18:50
Top up time :)
stoodio
09/10/2019
18:43
good luck holders. I very nearly bought in a few days ago.
eentweedrie
09/10/2019
18:42
Yes, they REALLY need to say something. ANYTHING.
eentweedrie
09/10/2019
18:33
I believe they will be making a statement at some point. It's weighing up: a) even bothering to comment on such an application by cowboys like AMCU and giving it oxygen, when the SLP Agreement claim is incredibly weak and it is the other major claims that take the focus which have nothing to do with SLP at all. Although think we're beyond that and does deserve a statement from SLP. b) Not impacting any confidentiality clauses in the Samancor-SLP Agreement or cutting across any official statement Samancor needs to make in response. c) For PR purposes, just getting a simple statement out, albeit they may wish to check it/ run it by the current Samancor owners (Sinosteel).
redtrend
09/10/2019
18:29
another major issue is the labor / unions over there. its a delicate balancing act.
eentweedrie
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