Sylvania Platinum Share Discussion Threads

[mr stephens] 20/3/2020 09:29

Second quarter PGM was $1832

[mr stephens] 20/3/2020 09:27

If you check the date it’s from several years ago
It’s an old post
Infomine, Johnson Mathew and metals inc all have it at$6500 to $7000
It held around that price yesterday
The PGM price is around $1,750 which is near the price it was for the send quarters record results

[preciousm] 20/3/2020 09:18

Kitco has Rhodium at 2500 bid
That came down bloody quickly

[basem1] 19/3/2020 17:43

BOGOF sale at present There was a stampede for stock in the 50's Admittedly the basket price is lower now

[devonlad] 19/3/2020 16:44

Hopefully the seller has cleared, AAL shutdown has knocked a lot of supply out, that should impact prices once normality returns, whenever that may be!

[lees65] 19/3/2020 16:25

Some green at last. Perhaps people now realise this and everything else is oversold. Whatever happens the world will continue and need metals and this is one of the few Platinum producers! Add in the cash in the company and this is as near as you get to a repository of value, we just need to wait.

[risa5] 19/3/2020 14:15

Some other ftse listed companies are stopping share bb/divi, wonder if the same may happen here.

[devonlad] 19/3/2020 10:03

Dan

Do you have a link for the Libernum report. My feeling is that there is a forced seller here, I am buying a lot given that we are not far away from being at cash value on a pe of 1, albeit at prices from 2 months ago. I see this as a cracking medium term investment at these levels but that's just my opinion, there are high risks as there are with everything at the moment.

[dandadandan] 19/3/2020 08:26

Mcap of around £70m.

Look at their reports and those of Libernum for the money in the Bank.


Get ready for another share buy back event? The set up looks good.

They can afford to just sit this market madness out.

C.

[koolio] 19/3/2020 01:08

The buy back was for the non UK listed shares from the dual listings of the past. Paying a premium to get them canceled must save a fair bit of admission and it’s peanuts in the scheme of things. This share had been hammered and I’m very sorry for all the new holders that are showing red, I remain convinced that this is a 90p plus share but make take 24/36 months before we see it. I hope you keep the faith and turn a profit.

[basem1] 18/3/2020 17:35

The buyback has finished Bought them back far too high as it's turned out They will probably instigate another one

[stemis] 18/3/2020 15:56

Just check out how much cash they have in the bank.
Last Sept 2019 $59m by June it will be over $100m.

It has a current Mcap of around £70m


Those figures aren't correct. At 31 Dec they had net cash of $33.2m. By end of March it will probably be around $50-55m (we'll find out end of April). Market cap (at 26p) is $85m.

[alan@bj] 18/3/2020 15:29

It's a great time for a share buyback programme though.

[bench2] 18/3/2020 14:40

This was one of the top 5 picks on the recent Stockopedia portfolio challenge for 2020 . So probably many private investors are long . It will be interesting to see how skilful the company are at buying back stock .

[dandadandan] 18/3/2020 14:37

Just read this on another site and I agree it is a mad mad world market.

'Just check out how much cash they have in the bank.
Last Sept 2019 $59m by June it will be over $100m.

It has a current Mcap of around £70m.'

Has someone done a miscalculation in this sp, as it bares no relation to its cash asset value.

DDDD

[itsnotmeitsy0u] 18/3/2020 12:22

well im sure you will be able to top up at 10p soon

[barnaberible] 18/3/2020 11:59

Plat very well may be 'falling off a cliff' but at this present moment in time our current PGM basket is very similar to what we achieved in Q2 and we are getting over 10% more ZAR for our dollar sales.

What the future will hold I cant tell you but I'm not selling at these prices that's for sure, happy to ride it out from here and may even add.

[itsnotmeitsy0u] 18/3/2020 11:16

heading for 24p imoplat is falling off a cliff

[preciousm] 17/3/2020 10:24

Most here Are in the isolation group, lol
Precious metals continue their slide. Rhodium starts crashing.
Whilst it was clear the bubble wouldn’t last and the CEO expects Rhodium to return to 3000, my take on this its surely going to hurt the share in the short term. The reason this share appears good value is the short life left for catalytic converters and the mine life.

[plat hunter] 17/3/2020 08:53

I think we're all old enough to have loved ones in the 12 week isolation group. Be safe and strong people

[husbod] 16/3/2020 13:18

One good thing - the buy back is going to be a lot cheaper and I suspect much quicker. Definitely topping up here once cash becomes available.

[canigou2] 16/3/2020 12:08

Wow, pretty unbelievable this and what is happening in the wider market!

I don't know how long or how deep, but it always recovers, always. Its not the financial markets at play it is human psychology, and this I'm afraid always repeats itself. GLA.

Meanwhile last year there were 300,000 fatalities due to the obesity epidemic in the US alone, and the irony is we're hoarding food! I've decided to isolate myself from fatties and keep a safe distance from Greggs.

[nk104] 16/3/2020 12:00

We're shortly going to be in the position where we have a market cap lower than the cash in the company, with a profitable business thrown in for nothing.