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 -2.07% 35.50 35.00 36.00 36.25 35.25 36.25 2,465,951 15:34:22
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 55.6 19.2 0.0 - 101

Sylvania Platinum Share Discussion Threads

Showing 4126 to 4150 of 4200 messages
Chat Pages: 168  167  166  165  164  163  162  161  160  159  158  157  Older
DateSubjectAuthorDiscuss
22/10/2019
06:50
or is it? ;)
eentweedrie
22/10/2019
06:43
so a storm in a teacup...
eentweedrie
22/10/2019
06:42
Media AllegationsThe Company has become aware of references in the media to the company and its relationship with Samancor Chrome Limited ("Samancor"). It appears that these allegations have emerged from a court application by the Association of Mineworkers and Construction Union ("AMCU") which seeks to compel Samancor to produce accounting records for a number of transactions entered into over a period of time. The Board and Management of Sylvania would like to reassure its stakeholders that all agreements and share transactions entered into by Sylvania have been conducted lawfully, and in compliance with all regulations.  Details relating to these transactions were fully disclosed at the time.  Should there be further developments in this regard, the Board and Management will continue to keep stakeholders informed. 
eentweedrie
22/10/2019
06:18
Fantastic Q1 update
leopoldalcox
16/10/2019
21:26
Should have fantastic margins at the moment
cflather2000
16/10/2019
16:54
Spot palladium $1,770 and Rhodium $5,500, the SLP PGM basket is back a smidge over $1,700
redtrend
16/10/2019
15:52
palladium futures now at $1,735
mfhmfh
16/10/2019
13:02
Point out what you want bookworm.. Doesn't change anything here or make you any more intelligible. You need to be careful what you say mind you, you never know... I might be bored enough one day and have enough time to on my hands to ruin your year.
plat hunter
16/10/2019
12:24
Hi Plathunter! Can I just point out how obscene and offensive (and plain wrong) your posts have been for years on the JLP board? I didn't know they allowed internet trolls to become solicitors these days. Oh well, another sign of the times, I suppose...
bookwormrobert
16/10/2019
08:55
A link to the AMCU affidavit and some other stuff can be found here Https://amabhungane.org/stories/the-great-samancor-heist/
stra3enkater
15/10/2019
12:04
KAOS3 I disagree that it looks good, inverse H&S with resistance is a signal for topping out and a bearish reversal. Fundamentals aside, the technicals are a sell
plat hunter
15/10/2019
08:19
looking good - local reverse H&S forming
kaos3
12/10/2019
15:00
"The allegations are contained in a number of affidavits, including that of former Samancor director turned whistle-blower Miodrag Kon"Interesting... we've only seen Kon's. Locating the others and who wrote them would be prudent.
plat hunter
12/10/2019
14:10
Thanks for the link Red
plat hunter
12/10/2019
06:55
On other things SLP: 1) Ex-div date 17 Oct (next Thurs), payment 29 Nov (after AGM of 22 Nov). Roughly 2.3% yield at current sp 2) Grasvally sale hopefully unconditional this month. When SLP finally get such funds from sale (could take 6-9 months - believe Accounts estimated April 2020), after tax should be circa $4m Net to SLP (over 3% of market cap). Will this spur a special div? 3) 30/31 Oct: release of Q1 2020 Report (calendar Jul-Sep 2019) with previous quarters huge production (Apr-Jun) will hit the cash position coupled with the higher average PGM basket. Lets also hope production for quarter just gone will be on track, knowing again the avg. PGM basket price it realises will be $1,600+ (over $200 more than last reported Q). 4) Current PGM basket: even with softness in Plat at $890, with Pall at $1,700 and Rhodium at $5,300, SLP PGM basket is $1,665 per Oz.
redtrend
12/10/2019
06:11
Samancor have issued very short note according to more recent news: hxxps://www.sowetanlive.co.za/business/2019-10-10-chrome-mining-giant-sets-up-forensic-probe-after-amcu-launches-r75bn-corruption-case/ "A decision by Samancor, the Samancor board and its recognised unions was taken to commission an independent investigation into the allegations by Amcu, of which most date back more than 10 years. Amcu, despite several failed attempts, is not a recognised union with Samancor. "Samancor has taken legal advice on the allegations made by Amcu with the assistance of the so-called ‘brave whistle-blower’; who is requesting compensation for the information he provided. Samancor views this as malicious and opportunistic," the company said. - Samancor said it had not even been served with the application, and it viewed the allegations as malicious and opportunistic. - AMCU is not a recognised union at Samancor. They only have 500 members working there, so that eases any concerns I had on strike action. - AMCU have issued the application solely on their own (and solely on the statements of the one disgruntled ex-director) and are requesting permission from the court to be able to even take it to court in "public interest". The Samancor Workers Trust aren't even a claimant, it's solely AMCU. Even AMCU's lawyer states it “is a novel application” seeking the court’s leave for AMCU to act in the public interest. A fishing exercise. - Demonstrates as Bookworm mentions this predominantly a political manoeuvre for publicity. AMCU are now holding press conferences about 2 SA gold miners (yet unnamed) they will be launching similar actions against and stating they will pay whistleblowers for any other claim. Scattergun. They launched similar actions against Lonmin back in 2014 (I don't believe anything came out of it other than publicity).
redtrend
11/10/2019
18:44
I'm a solicitor bookworm and I have never said there is a direct case against Sylvania...Get back into your box and learn to read.This risk to SLP is reputational through association and any possible restorative action against the respondents in favour of the claimants. (They hold paper, you goon and the agreements would be put out to tender).SLP are tied up in this whether you like it or not. Now jog on and be a spaz elsewhere, I won't tolerate you.
plat hunter
11/10/2019
14:15
PlatHunter - You clearly have absolutely no idea how commercial civil law works. The case is between the AMCU trade union / worker's fund and Samancor. There is no claim against Sylvania. Nor can I see any feasible grounds for one from all I have read. (Also, the case wholly depends on a pretty rank affadavit by a clearly disgruntled former employee out for payment, who was turned down or ignored by many other interested parties / law firms in the decade since these events took place. For good measure, most of his so-called "evidence" will likely prove to be inadmissible in court as he won't be able to prove it's provenance. Prima facie, it's pretty pathetic stuff. Presumably, the AMCU (who are in desperate financial straits) are bringing the case to benefit from the publicity, not because they seriously think they can win it.)
bookwormrobert
11/10/2019
12:08
It certainly beggars belief as to how someone can advise what a good buy is and encourage other to buy when you clearly do not understand the possible consequences of any possible compensation award and how they would impact SLP.GLA you might need it
plat hunter
11/10/2019
12:04
Bookworm...Your post is at worst contemptuous or best best demonstrating your ability to understand anything I have posted here or over on JLP.If it's the latter then may I suggest you extend your library beyond Tricalore and penguin?
plat hunter
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
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