Sylvania Platinum Share Discussion Threads

[book5] 19/5/2020 05:38

Good
Keeps recovering well

[davebowler] 18/5/2020 16:37

18 May 2020

Update on South Africa's COVID-19 measures: Resumption of Operations

The Company today announces an update on the status of the Sylvania Dump Operations ("SDO") following the easing of COVID-19 restrictions on mining companies announced by the South African Government on 16 and 29 April 2020 respectively, under the Disaster Management Act of 2000 .

The SDO commenced with scaled-down operations on 1 May 2020 and management has endeavoured to ramp up and maximise production under the strict conditions stipulated by Government and the Minister of Mineral Resources and Energy. All six operations are now running, albeit at reduced but stable throughput, and started to dispatch PGM concentrate during the past week. T he teams at all the SDO sites are to be commended for their commitment and hard work in ensuring that the operations started up with minimal difficulty whilst prioritising the safety of all employees.

The protection, health and safety of all employees continues to be Sylvania's highest priority and will extend beyond the end of lockdown. The required measures are in place to ensure compliance with relevant regulations and the application of all the necessary training, health, hygiene, safety and personal protective procedures that are required to keep the Group's employees safe.

[texaschaser] 18/5/2020 13:16

when is placing? Deme top up means time to place and Cambourne called this wrong again. Lolssssss

[leopoldalcox] 18/5/2020 12:15

https://www.mining.com/web/south-africas-impala-closes-platinum-mine-due-to-coronavirus-cases/

[russman] 18/5/2020 11:25

Buybacks are petty cash.
Cash still rising.

[nimrod22] 18/5/2020 11:19

from today's RNS
All six operations are now running, albeit at reduced but stable throughput, and started to dispatch PGM concentrate during the past week.

[brucie5] 18/5/2020 10:16

Can anyone tell me if this is till paying a dividend? Stocko has this on 26% (surely some mistake??!!!)

[juuunx2] 15/5/2020 21:14

Maybe he was fibbing

[davebowler] 15/5/2020 14:58

Silver and Gold ( Gold now at a £ all time high) now jumping -all we need is our precious metals to follow.

[catsick] 15/5/2020 10:55

Ok I'm in , seems crazy cheap given the huge cash flow they are generating....

[mr stephens] 12/5/2020 16:58

Devon
Can you let me know the source of that info.Just checked with my broker and he said all trades between 3 and close were sells. Today 83% of trades were sells
Thanks

[devonlad] 11/5/2020 19:15

North, near the beaches in the very best county.

[martinfrench] 11/5/2020 18:40

devonlad,

which part of the greatest county in the country are you in ?

[nimrod22] 11/5/2020 18:11

Continued shortage of PGM in the foreseeable future, from the Financial Post
"JOHANNESBURG — There is likely to be a deficit of platinum and palladium this year after a COVID-19 lockdown in South Africa, the world’s biggest platinum producer, forced mines to shut, analysts at Bank of America Merrill Lynch predicted on Friday.

While demand for platinum group metals, which are mainly used in cars and jewelry, has also plummeted due to the global pandemic, the analysts said they expect demand to rebound, while mine production will take months to build back up.

In South Africa, which produces 78% of the world’s platinum and 36% of palladium according to BAML, a strict lockdown to stop the spread of COVID-19 forced most mines to shut from March 27.

Though the government allowed mines to restart at up to 50% capacity from April 16, BAML analysts predict it will take six months for production to ramp back up to pre-pandemic levels.

“Our base line assumption is that output runs at 50% in May and June, before rising to capacity by December,” they wrote in a note dated May 7 but distributed to media on May 8.

“Putting it all together, we anticipate that both platinum and palladium will be in deficit this year. As such, we remain bullish the white metals into year-end.”

[devonlad] 11/5/2020 16:09

Someone is very hungry for stock today, 600k+ trade just gone through.

[mr stephens] 07/5/2020 17:36

Yes they started when the government went to stage 4 of the lockdown

[nimrod22] 07/5/2020 16:24

Highest demand for Platinum Eagles in 21 years

[nimrod22] 07/5/2020 16:23

China's car sales surge 40% in April.
hxxps://news.metal.com/newscontent/101107138/caam-china%E2%80%99s-car-sales-surged-40-in-april

[maxplus2] 07/5/2020 16:15

Have SLP started production?

[nimrod22] 07/5/2020 15:46

Palladium up over 3% today

[1jbrisky] 03/5/2020 12:20

Doh
SLP page at LSE

[1jbrisky] 03/5/2020 12:18

Neil
Re funds
Without reposting the whole discussion have a look at the LSE page over at LSE.
Main point obviously being that a persistent seller is keeping the price down. Also depends, (again, obviously) which site has the most up to date share register.

[1jbrisky] 03/5/2020 12:18

Neil
Re funds
Without reposting the whole discussion have a look at the LSE page over at LSE.
Main point obviously being that a persistent seller is keeping the price down. Also depends, (again, obviously) which site has the most up to date share register.

[earwacks] 03/5/2020 12:14

Various sites have different info on largest shareholdings. From what I can deduce on Stockopedia they are a bit out of date with Majedie holding 4.8%. This appears to be incorrect as they have no holdings now in SLP. Part of the problem is it appears sometime recently rules changed about notifiable holdings from 3% to 5%. Stockopedia shows overall large holders as 56% whereas SLP has fewer individual holders 8 instead of 9, but the overall major ownership is up 4% at 59.8%. Some times investment companies get a new manager in so they like shuffling shares about to justify their new position, or in the case of brokers to make themselves money while loosing their customers!