Sylvania Platinum Share Discussion Threads

[davebowler] 10/3/2020 11:00

I wonder what the third metal the name Tri-metal implies??

[brahmsnliszt] 10/3/2020 10:56

should see pt supported today at least

[eeza] 09/3/2020 21:41

Most of today's fall was down to the $10 drop in the price of oil, and fears regarding an oil price war between SA & Russia.

[red5] 09/3/2020 21:11

I bought shares in andrex

[pleaty1] 09/3/2020 20:13

You would think by now that people would stop being surprised every time some more people test positive and sadly the deaths increase. We've had weeks to assess what has happened in China and should expect that for the next few weeks cases will double daily until a peak is reached and with that the number of deaths will increase. I would have hoped by now the over reaction was done and there would be a more sensible veiw of the companies that won't be as affected by this and that the markets would stabilise to an extent at least till companies reported what the impact might be. There surely must soon be a conserted effort by world government to stop the panic before we have a recession

[mr stephens] 09/3/2020 19:03

Trouble is Fetch no one is telling the press they’ve been rumbled
It is sad that a viral illness has caught us but it will become normalised in time but what the bloody hell tger timeframe is who knows
I apologise for being cynical but would this have grabbed as much attention in the press when we had the drama of brexit?

[felchandbart] 09/3/2020 18:01

What the f... is the planet playing at with this flu outbreak. The media at large should be ashamed. Big f.....g whoopee doo that cases have "soared to 319" or whatever. It's as if the only reason people now die is because they got coronavirus (and, if I hear once more from some moron reporter that someone died because of underlying health issues....)

We people have had enough. The press have been rumbled. This is the biggest non story since David Icke decided to wear a track suit.

Wash your hands everyone and just ignore the panic messages spouted in the news. The quicker we just get on with our lives the better. Meanwhile, SLP remains a star in the ascendancy.

[devonlad] 09/3/2020 16:14

Doing very well considering the market, Anglo American AAL got hammered like the rest of the sector today.

[mr stephens] 09/3/2020 15:38

Rhodium up to $13750 OST
Palladium and platinum hold their price
Puts SLP PGM basket over $3,000 an ounce
This will impact last 3 weeks of q3 and q4 if it holds this way

[davebowler] 09/3/2020 09:40

Sylvania Platinum Limited Share Buyback SLP -6.60%
UK Regulatory (RNS & others) - Today @ 07:00
With reference to the proposed buyback of 4,875,000 ordinary shares of USD0.01 ("Ordinary Shares") in the market, announced in the Company's interim financial results on 17 February 2020, the Company announces that, on 6 March 2020, it acquired 200,000 Ordinary Shares, representing approximately 0.069% of the Company's issued share capital, at 50p per Ordinary Share.

[plat hunter] 09/3/2020 08:31

Let's hope SLP don't use said amplats furnace

[mr stephens] 07/3/2020 19:36

See below
Could be great news for PGM prices going up and therefore SLP

Just hope analysts joining the dots helps



Anglo American was the bigges faller in a weak London stock market on Friday after miner’s platinum arm slashed production forecasts following an explosion at a key processing plant in South Africa.

Shares in Anglo fell 8.7 per cent to 1,692p after its 80 per cent owned subsidiary Anglo American Platinum (Amplats) declared force majeure — the suspension of contracts because of exceptional circumstances.

Amplats, the world’s largest platinum producer, said the converter plant at Waterval smelter in Rustenburg had been damaged in February by a coal-dust explosion. A back-up unit was set to take over but after water was detected in its furnace, posing the risk of another explosion, a decision was taken to close the “The reason we’re stopping is we can’t isolate and detect the source of that water,” Amplats chief executive Chris Griffith admitted on a call after the announcement. “If we have an explosion then we’ll be out for a year with no production from Anglo American Platinum.”

Amplats now expects to produce 3.3m to 3.8m ounces of platinum and sister metals palladium and rhodium this year, down from its previous forecast of 4.2m to 4.7m ounces.

Analysts said the downgrade could cut $1bn or more from Anglo’s expected earnings this year and add to a supply shortfall in the palladium market.

“Our first pass analysis is that group [earnings before interest, tax, depreciation and amortisation] could decline by 15 per cent, before allowing for any potential price increases as a result of the reduced supply,” said Edward Sterck, analyst at BMO Capital Markets.

Palladium, which is produced alongside platinum, is used to reduce harmful vehicle emissions. It hit soared in the past couple of years and hit a record above $2,800 an ounce in February as carmakers scrambled for supplies of the metal.

Mr Griffith, who announced plans to step down last month, said it would process stockpiled material through the converter as soon as it was repaired in around 80 days.

“As it stands now the plan is still to continue mining as much as possible so that the metal is not lost to the market, and as quickly as we can catch up we will,” said Amplats chief executive Chris Griffith.

The closure of the Waterval smelter is a blow for Anglo American, now regarded by analysts and investors as one of the best operators in the mining industry. Under chief executive Mark Cutifani the company has been transformed for the sector’s laggard to a miner that can go head to head with peers with including BHP Group and Rio Tinto.

“This is clear negative for Anglo’s platinum division, something that we have been pointing out is a key differentiator and cash flow generator, said Tyler Broda, analyst at RBC Capital Markets.

“It was poised to offset some of the weakness we are seeing in other commodities, especially as Anglo American moves through peak capital expenditure at Quellaveco,” Mr Broda added, referring to the company’s new copper project in Peru.

Amplats’s ebitda doubled last year to $2bn on the back of the palladium price surge and accounted for around a fifth of Anglo American’s earnings.

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[book5] 07/3/2020 09:14

I think that market manipulation & a big broker house suffering, were the reasons why IGMarkets stopped offering guaranteed stop losses
That alerted some.....Something could happen, and it did, DOW 700 points up in few minutes

[book5] 07/3/2020 09:13

Markets are rig
Keep your nerve
Vix was manipulated at market close to catch the shorts



Careful

[nimrod22] 07/3/2020 00:26

Platinum price up over 5% from 0643hrs on Friday.

[mr stephens] 06/3/2020 18:25

Johnson Matthey has Rhodium up again at $13200 per ozt

[mr stephens] 06/3/2020 16:23

Rhodium up to $13500 on my old fashioned metals daily site
Strange how SLP just plods along
When do any of the experts out there think it will actually start to really trade at it’s full value?

[daburd] 06/3/2020 15:29

Not sure if I understood the previous points but you can follow Rhodium futures on investing.com here
hxxps://uk.investing.com/commodities/rhodium-99.99-futures
Up 1.72% as I write

[mr stephens] 06/3/2020 14:49

Thanks Brahms i will look at that in future

[brahmsnliszt] 06/3/2020 14:15

im very active on a daily basis on the rh mkt and i follow and trade on the only tradeable rhodium benchmark - comdaq

[mad foetus] 06/3/2020 14:14

Brahms knows

[mr stephens] 06/3/2020 14:11

Just looking at the metal exchanges
They’re still showing at $12,300
I’m over the moon if you’re all correct
Check infomine and metals daily as two examples
I’ve checked 5 sites and they’re all within a whisker if each other
As you know there is no official exchange for rhodium like their is for other pgm’s but they’re usually about right

[brahmsnliszt] 06/3/2020 14:00

i paid 13k for rh today

[mad foetus] 06/3/2020 13:49

That only tells me that my guy is cleverer than your guy. Rhodium ain't a bounty bar, it's more like spending your life with a beautiful lady, the price ain't on the wrapper

[mr stephens] 06/3/2020 13:42

On the spot markets Gold Platinum snd Palladium are up
Rhodium still showing at $12300