Sylvania Platinum Share Discussion Threads

[hugh garss] 04/2/2020 16:29

Welcome back mesteve, we've all done the same at some stage of our investing lives.

[mesteve] 04/2/2020 16:18

Yes, I agree on AFC guys. If i get to 20% up, I'll sell out as could easily tumble and not recover like SLP would. I'm back in again now anyway and hoping that I can get my losses covered (by holding my nerve thsi time) What a costly couple of days I had.... Thanks all

[eeza] 04/2/2020 15:30

AFC have been doing that for around 10 years, but next year, Rodney !!.

[stoodio] 04/2/2020 15:27

Very true amigo.

[dangersimpson2] 04/2/2020 15:14

AFC that mesteve mentioned.

We often fall for no-revenue story stocks because our brain is hardwired to respond to stories, and what bigger stories than the dream of large resources or new technology. Unfortunately, there is usually a massive gap between the story and a profitable producing company, and the few that actually make it tend to have diluted their original shareholders into oblivion by that point.

[jayminpatel1] 04/2/2020 14:52

Which company are you referring to

[dangersimpson2] 04/2/2020 14:42

I know this is OT, but a word of warning. If you consider that a profitable, highly cash-generative company like SLP could fall c25% in a couple of days on positive Q2 results, just imagine what could happen to a company that:

- has a similar market cap to SLP but has never generated any revenue;
- loses £5m a year and has less than 6 months cash left; and
- whose recent RNS's (not RNS-non!) includes a new website and an agreement with a company that was only incorporated 9 months ago.

I know where I'd rather have my money.

[mesteve] 04/2/2020 13:35

Well, I got caught out big time yesterday as you know and lost my bottle and quite bit of money. I'm not a day trader, and love SLP set up and figures, I researched it since Decebember. But after Friday and Monday, with 20% down, I lost my nerve as thought it was in freefall and sold at the very bottom, 34.5p, then it moved up late in the day.

To make it worse, I couldn't leave this one again after the loss, so ( yes I'm an idiot) I bought in again today and going long as I originally planned and hope to regain my losses as I love this company's financial and future ( but not the MMs)
Less money in this time, as I did move some cash into AFC as I stated last night and 10% up ( could fly imho but I'm not here to ramp that one)
Nearly did EUA instead, which I also pointed out last night, with that brochure posted on the site and figures quoted, but felt like hog wash to me ...but another 23% up today. The fun of Aim shares!

[stemis] 04/2/2020 13:02

Yesterday had all the look of badly handled selling. Investing is all about controlling that balance between fear and greed...

[metis20] 04/2/2020 12:58

Rh Pt Pd all up again today

Today's SLP estimated 4E basket US$2,466/oz

Jan 2 SLP estimated 4E basket US$1816/oz

so up 36% since the start of this year.

Estimates using bid prices from

[death by donut] 04/2/2020 12:27

Been there got the Tshirt msteve.I'm most definitely not an expert and have learnt some lessons and still have a ton to learn.I now start with just a 1%-2% of pf on a new share. Then try and add on +ve news , or breakout( I'm no chartist either )DYOR as they say as I'm just a humble construction worker trying to make it work.GLDbD

[rabiddog] 04/2/2020 12:17

It’s AIM...no rules on spreads, the price is what it is. You buy, you sell..your choice. No market manipulation, the price is moved to encourage trades. It can’t be dropped for long if volume is buying, just like it can’t be raised for long when volume is selling.

[2prsimo] 04/2/2020 11:15

No need for that mate - we've all been victims of it, myself included. When you are a trader/investor you accept it as an occupational hazard. The markets by their very design are there to take your money, not to hand it out charitably.

[bookwormrobert] 04/2/2020 11:11

As for 2Prsimo's comment, well, there will always be complete scumbags as well - that's a fact of life, too.

[bookwormrobert] 04/2/2020 11:09

This is one of the most blatant cases of market manipulation I've seen in a long while.
I write this as somebody who isn't trading on margin, who bought heavily at the bottom, and who is benefitting from this financially!
There is nothing wrong with Sylvania at all - rather the opposite. But the market in this share has been completely false for the last few days. That's just how it is.

[2prsimo] 04/2/2020 11:08

There will always be market fodder I'm afraid - a fact of life.

[nk104] 04/2/2020 11:03

Whenever the price goes down, it's market manipulation, market makers playing games etc. I never notice the same complaints when the price is rising.

If you trade on margin, or even trade short-term, you run extra risks. There will always be volatility and sometimes it won't go the way you want.

Personally I think the investment case is very strong here.

[chrisatom] 04/2/2020 10:26

I don't like to hear people losing money but learn from the experience- and maybe some volume profile. Forget all other indicators and keep it simple, just know where everyone is buying and selling and think about the bigger picture.

[happyvalley1947] 04/2/2020 10:20

I bought having read Simon Thompson's article in IC 1st Nov2019.."SLP(35.5p),a cash rich,fast growing,low cost South African producer and developer of platinum group metals,platinum,palladium and rhodium has produced an impressive set of first quarter results. He goes on to say..."Sylvania shares are by some distance my top pick in the mining sector." So the share price hasn't moved on much from there although it did touch 44p prior to the shakeout. I'm a LTH and plan to ride out the market turbulence for the time being.

[stoodio] 04/2/2020 09:37

If you're looking for short terms gains then go down the trading route or head to the casino.

[stoodio] 04/2/2020 09:36

You need to question why your investing son. And believe in your research, if indeed you've done any!If research dictate to you you're happy with fundamentals and believe in the company, don't get suckered into short term price movements.

[mad foetus] 04/2/2020 09:26

Very annoying price action yesterday.By the way, dangersimpson has published some very good booklets on aspects of share trading which I highly recommend.

[dangersimpson2] 04/2/2020 09:24

Rhodium & Palladium strength plus ZAR weakness means Sylvania's 4E PGM basket is hitting new highs in ZAR today.

Would make EV/EBITDA as low as 1 if pricing holds to the end of the year. Given the really strong Q2 production despite quite severe load-shedding issues, I am much more confident their FY production guidance can be met.

[mesteve] 04/2/2020 08:25

I should have held my nerve yesterday, gutted...