Sylvania Platinum Share Discussion Threads

[basem1] 16/12/2019 13:28

She's gonna blow......

[carcosa] 15/12/2019 12:18

k mon, it seems the answer is 'no'

hxxps://shipinsight.com/articles/scrubbers-ships-work

[k mon] 15/12/2019 12:03

Is there a metal used inside Ship Exhaust Scrubbers..?
- Rather like a cars catalytic converter.. or Diesel particularate filter
(CAT / DPF)

There is Legislation coming in during 2020
.. for all ships to be fitted with one, or the owners face fines etc..

From the information I'm getting,
It's causing a bit of disruption amongst the commercial
shipping operators, as there is apparently quite a backlog in
getting the things fitted.

I know Platinum is used in a cars CAT/DPF - is it the same for ships ..

If so .. they could be quite large ..

[mr. t] 14/12/2019 13:21

Thanks risa

[basem1] 13/12/2019 22:17

We have this seller to clear then boooom

[pireric] 13/12/2019 17:37

Ironically that rhodium price is off dave. It's at $6,150/t.

[risa5] 13/12/2019 17:24

Latest broker views

Date
Broker
Recomm.
Current Price
Price when issued
Old price
New price

06 Dec 19
Liberum Capital
Buy
36.75
36.75
83.00
-


22 Oct 19
Liberum Capital
Buy
36.75
37.00
83.00
-

[hickersp] 13/12/2019 17:16

SLP is the next AAZ, I am not a ramper, I can see this doubling in the next 2 months based upon the probable performance outlined by ST of Investors Chronicle .......

[davebowler] 13/12/2019 16:55

''
The point being that although Sylvania has a much higher exposure to rhodium than its peers, the ongoing buoyant market pricing is not reflected in analysts’ profit forecasts. Liberum Capital is conservatively factoring in an average rhodium price of only $2,956 an oz in its cash profit estimate of $36.3m for the 12 months to 30 June 2020. However, if the rhodium price holds at close to $4,950 an oz, it would drive a 63 per cent cash profit upgrade.''


The current price of Rhodium is $5600!

[basem1] 12/12/2019 12:22

Platinum and Palladium prices are on fire at present enhancing the investment case here.

[mr. t] 12/12/2019 11:52

Bought into SLP this morning. Thank you to those on here providing super useful analysis highlighting the investment case.

[basem1] 12/12/2019 11:50

Be nice to see 38p soon

[basem1] 11/12/2019 19:19

A no brainier at this level

[jampot7us] 11/12/2019 19:02

Nice..hope for a move back up then...

[canigou2] 11/12/2019 18:12

As well as Palladium and Rhodium prices soaring, Platinum spot prices are showing signs of firming up!

Historical Platinum Price
Performance in USD
Period Change ($) Change %
30 Days +63.00 +7.22%
6 Months +120.00 +14.72%
1 Year +152.00 +19.41%

[pireric] 11/12/2019 18:00

You can say that again, Kaos

Metals basket looking decidedly healthy.

[carcosa] 11/12/2019 06:45

Slightly off-topic but... I have been reading the annual reports all the way back to 2015 when load shedding occurred almost throughout the entire year.

Basically in any one year production has been mostly ahead of guidance.

In every AR the commentary is always downbeat; perhaps a consequence of working and living in South Africa. However this one snippet from the 2015 AR (page 9) was fun:

"The five or so tonnes of platinum South Africa produces each year is overwhelming the market and platinum miners, being the go-getters that they are, cannot be persuaded to moderate their output to balance the market. We were, however, recently spared a possible glut when an asteroid with a 90 million ton core of pure platinum passed within, in galactic terms, a whisker of our planet.

If our mining companies had been quicker off the mark, they might have extracted enough metal from the flying rock to cover the entire Bushveld Complex with platinum to a depth of a foot, give or take a few inches. Mind you, had the asteroid landed on top of the Bushveld Complex, our present problems might have seemed as trifling as this interlude"

[pireric] 10/12/2019 19:30

I think investors here are comfortable around the extent of the risk you're suggesting its, just because we don't think that's a likely outcome at all. In totality, foreign direct investment stood at $7bn last year into South Africa (+450% as new regime believed to be more pro-business), and the president of SA targeting $100bn in FDI by 2023.

Think minor weakness over last couple of days might relate to Eskom's loadshedding in South Africa (basically rolling power off parts of South Africa's power grid at certain times). When it gets to Stage 4, 20% of different parts of the grid is unserved at rolling periods. Higher the stage, the higher the outage, lower the stage lower the outage. Currently pulled back to Stage 3 this evening. Actually got to Stage 6 yesterday which meant some underground mines elsewhere in the country (not SLP) couldn't risk operating. With weather improving, would think should get back to Stage 2/1/none during next week.

Weather has been dreadful this week, and looking at Eskom's schedules (according to local press), this was the big risk week over their Summer period due to lots of plant maintenance ongoing. Plants are rumoured to be diabolical anyway, but that has been the case for years.

Imagine SLP will have been impacted at the margin. But doubt it's anything more than a nuisance as it stands as these guys operate at the surface, and with tailings, surface deposits etc. PDL already planning to get back to mining action now stage 6 is over, PAF, BMN etc. have hardly sold off at all.

Meanwhile, valuation here remains incredibly low. Rhodium >$6k a tonne hitting fresh highs. Palladium at all time highs and knocking on $2000/t. And Platinum >$900/t as we speak. Rand also slightly weaker due to Eskom stuff. Big beat to earnings expectations very much still on the cards IMO.

P.S. Stages are liquid. Stepping down to Stage 2 this evening now, from Stage 3.

[itsnotmeitsy0u] 10/12/2019 12:17

look what happened in Zimbabwe...I would not bet on it my friend. It appears that the clever money has exited that country

[ofstad] 07/12/2019 18:48

Talk about stating the obvious. I could have said that over any of the last 4 years I've owned it for and I've made a killing on this investment. Its still stupid cheap. Why the heck would they quit their own business? Platinum prices would go through the roof if what you are saying happened. South Africa is most of global production. And mining is 20% of South African GDP. The administrations may be incompetent but they are not going to totally kill their own economy

[itsnotmeitsy0u] 07/12/2019 17:44

The trouble with this company is that it mines in SA - and due to unions / strikes / violence in this country Rio Tinto have had to pull out almost altogether it appears. Will Sylvania follow suit? The government also seem quite keen on appropriating assets, especially from international companies.

[pireric] 07/12/2019 12:55

Wanted to collate my thoughts into one place, as below. Just a high level recap

[basem1] 03/12/2019 11:36

Great analysis Redtrend I have a 55.000 share position but just waiting for this overhang to clear and some forward momentum and will be buying more on that. I would rather pay a penny more and buy some momentum rather than having funds tied up doing zero.