Sylvania Platinum Share Discussion Threads

[nimrod22] 24/2/2020 10:12

some very big buys going through now

[canigou2] 24/2/2020 09:46

Chime, I don't know where you've come from, but please just p?ss off (meant in the most polite way possible).

[chimers] 24/2/2020 09:42

Good for you, the market needs people like you...PATRIOTS.

Willing to buy paper to save the economy.

WELL DONE!!


Very public-spirited.

[chimers] 24/2/2020 09:24

TUMBLEWEED....................................

[chimers] 24/2/2020 09:05

Not so gung ho now are we.

You only sing when your winning.

[stoodio] 24/2/2020 08:17

We be burning bodies on the Yorkshire Dales soon I expect.

[stoodio] 24/2/2020 08:15

Yeah. Very weird. We supposed to be fishing with our tin hats on.

[metis20] 24/2/2020 08:14

..and SLP is up almost 4%.

[redtrend] 24/2/2020 05:24

Good thing all I'm invested in is gold, gold mining stocks, cash and SLP.

As I stated: "Rhodium and Palladium in chronic shortage in such times may live up to their "precious metals" status and see a flight to safety with gold. Even if they do correct, due to the deficit may not be [steep as other industry metals corrections]". Edit - I left off end of sentence in 1st post.

Palladium is unchanged at $2,710, Rhodium $12,800 and Platinum down only 2.5 pips.

I'm invested for a serious global recession long before coronavirus came along.

Short-term you could of course be right Chimers, fear leads to panic and even gold and precious metals and their equivalent precious metals stocks could get sold when those over-leveraged need to sell their safe in the money positions to cover those underwater/ bad debts. SLP is debt free, cash rich and better than any other stock, can weather the storms. I'm not a trader so whilst I may re-allocate and re-weight certain stocks in my portfolio or increase my cash position + gold, I'm not going to completely sell-out waiting for a better re-entry when SLP hasn't even priced in the last 20% odd increase in PGMs.

I'm already hedged by being hugely overweight gold and SLP being the only stock I own outside of gold + gold stocks.

[chimers] 23/2/2020 23:15

The whole week ahead will be like this and it will get worse.
The Fed will probably throw money at it but that will only slow the inevitable.


I said last week on other threads SELL ALL STOCKS and buy GOLD.

Hey Ho.

[chimers] 23/2/2020 23:13

Dow futures now down 400 clicks!!


It's as if ...I know what I'm talking about and you lot are out of your depth.


Innit.

[chimers] 23/2/2020 23:05

Dow futures just opened and............TANKING.
DOWN 300 POINTS IN 3 MINS OF OPEN.

IDS.

[mr stephens] 23/2/2020 19:30

Good insight red trend
Read the JM report in full
Nimrod with you I’m staying in
My latest forecast for Q3 and Q4
Net profit after tax $44m
Total year net profit after tax $68m
Before you all think I’m mad
Based on balance of 36,000 ounces of production and PGM basket price of $3,000 for half Q3 and all Q4
That is prudent
High figure for the half year is 10% above this
So we will have
Q3 update April 17th ish
Q4 update July. 17th ish
Full year results September
Simon Thompson probably two articles
Possible update on mine sales
All will be good news
Well over a £1
Even if there are some bumps along the way
So that’s well above the $20m liberium forecast initially for this year 235% above
Remember their target share price for that? 70p

[nimrod22] 23/2/2020 17:15

I've been convinced there's about to be a substantial market correction many times over the last two years; inevitably I'll be correct one day. Plenty of black swans about, but who knows when it will happen. I see Warren Buffet is ploughing plenty of cash in to shares whilst waiting to make a big buy.

[redtrend] 23/2/2020 17:07

While we wait for the predicted collapse on Monday, looking long-term here's a decent article in Mining on the structural palladium deficit:

"Deficit should keep palladium price on the boil"


"Johnson Matthey February 2020, Pgm Market Report"
hxxp://www.platinum.matthey.com/documents/new-item/pgm%20market%20reports/pgm_market_report_february_2020.pdf

"Platinum Group Metal Demand: Vehicle Emission Regulations, Pt-To-Pd Substitution, And Their Implications"



In 2019, supply of Palladium was 6.9 million Oz, demand was 8.1 million Oz (incl. taking into account recycling). That is even with auto sales going down overall, but more PGM loading in each vehicle. That is a huge deficit of 1.2 million. With new emissions coming into effect in 2020 and beyond in various jurisdictions , JM predicted a deficit of 1.9 million Oz this year.

On the Comex, there is 2.3 million Oz of "digital" Oz contracts, yet only 40k physical Oz in the Comex vaults (58:1 ratio - may now be more now, some state ratio is 80:1). Scotiabank predicted above ground stocks of palladium would be exhausted by Summer. As per the Mining article there is only 592k Oz of physical palladium in Comex + ETFs.

So may be Scotiabank's prediction of Summer could be delayed by the significant impact of coronavirus, but it is only delaying the inevitable. I'm sure there are many industry insiders and bankers who know the supply crunch better than us and are looking past corona virus. Rhodium and Palladium in chronic shortage in such times may live up to their "precious metals" status and see a flight to safety with gold. Even if they do correct, due to the deficit may not be steep as other industry metals corrections.

Industry metals since mid-Jan have already been hit by 10-20% (Nickel, Copper, Lead, Zinc). Palladium and Rhodium have done the opposite. Even if they now are the victims of a 20% correction, it would bring Palladium back to $2,200 and Rh $10,000. SLP share price still hasn't factored these PGM prices being at these levels long-term.

Open pit palladium rich Volspruit must be looking pretty good right about now for a sale/ JV - just need to get the EA and WUL approvals over the line. Impala with 1st right of refusal on 25% or entities like Anglo American would be very interested.

[book5] 23/2/2020 17:06

Mr Stephens

I wonder why all those large late buying?

Slp has feasible green field mines to develop that are currently been assessed
For development or sale, Good news may well be coming in this front

[stoodio] 23/2/2020 16:10

Remember lads markets collapse and close tomorrow so no point getting out of bed. Chimers said so. Lemon.

[mr stephens] 23/2/2020 15:00

Stocopedua said SLP traded double the amount of shares than the usual average and significantly more buys than sells
I wonder if the tree shake was for liberium buying back?

[longterm67] 23/2/2020 12:44

Mr Stephens yes but I think they were delayed trades from earlier, the MM's were playing games yet again on Friday, other poss is they did that tree shake at 2-3pm to get a load of stock for these big orders

[arcadian] 23/2/2020 12:17

Being so undervalued makes it likely that a bigger company will make a very good offer
to secure supplies and revenues.

Of course the company could always do an Eurasia and if there is a success there it will guide value here.

[petewy] 23/2/2020 11:37

Thanks Mr Stephens. Thinking about top slicing...but not with these buys going thru.