Sylvania Platinum Share Discussion Threads

[mr stephens] 25/8/2020 17:14

Results last year were 2nd September Plot Hunter. I was pretty sure but checked their website before posting

[mr stephens] 25/8/2020 17:13

CB7 not sure where you get 69k from
They were up to 60k before lockdown.Despite being closed they re opened and produced another 9k so 69k in total. In their 4th quarter report they stated they were now back at full production. Therefore if the run rate was 20k a quarter pre lockdown it’s safe to assume that full production for 2020-21 will be around the 80k mark

[plat hunter] 25/8/2020 16:55

Any day now, they were issued on the 19th August last year.Cash at hand was 21 million usd last year, so cash has increased by 150%

[martinfrench] 25/8/2020 16:40

lots of full hits at 60p today, not just those stupid bots showing us what the full ask is.

not sure if plat said it, or was on the lse board, but i fully expect this to be over 70p before results, maybe even as high as 75p

[russman] 25/8/2020 13:15

& the cash mountain keeps growing.

[plat hunter] 25/8/2020 11:59

Correction.. *Spread

[plat hunter] 25/8/2020 11:59

Spreading shortening again... Any day

[plat hunter] 25/8/2020 11:50

Year end was june, 69k was stated for the year, Q4 was lockdown and ramp up, we're now back in Q1

[cb7] 25/8/2020 10:52

69k was the last financial year. I suggest a similar amount again this year...

[plat hunter] 25/8/2020 09:24

Was reported at the end of June... circa 69,000 ounces and that includes covid shut down which cost us around 10k...Average baskets costs around 600 dollars and average basket price achieved of around 1600.So 69 million dollars or there and there abouts minus capital costs.I'm expecting the divi to be north of 7p which will not only ne a 700% increase but will retain approx 40% of ebitda as a cash balance.SLP has 30% of it's own MCAP just sitting in the bank lols

[cb7] 25/8/2020 08:49

Production this year may well be similar to last - ie around 70k. The company has suggested a 10-15% hit this FY due to lower recoveries at lower grades.
I think it is always best to be cautious, as a company or investor, to avoid disappointment - more realistic than wearing rose tinted all the time.

[plat hunter] 24/8/2020 15:19

Quoted spread has closed 30%MM's not able to shake much it seems, climb towards 70 throughout September I reckon

[zho] 24/8/2020 14:32

>>Don't know much about Platinum and Rhodium but have any similar producers reported
substantial improvement recently?>

Er, yes, from half a dozen posts back:

[corrientes] 24/8/2020 14:27

Don't know much about Platinum and Rhodium but have any similar producers reported
substantial improvement recently ? If yes, then it would appear this one must be in bargain basin territory, subject of course to unexpectedly disappointing output recently.

[mr stephens] 24/8/2020 13:18

Corrie yes I think it’s because very little is publicly written about it outside of forums so the word has not yet spread. We are after all the market. If we don’t know how strong the performance is why would we buy at 60p plus?. O temple I do expect something close to fireworks. 1) An increase in profits after tax from $18m to around $53m or plus 180% 2) Cash in the bank of over $53m3)Dividend of around 4-5p 3)High PGM basket price bring driven by Rhodium which is in SLP’s favour. 4)Back up to full production before the new year started so a built in increase from 69,000 ounces to at least 78,000 ounces so minimum increase in net profit next year to $64-$70m which in turn means cash in the bank growing to around $64m which means another big dividend payout next year. All subject to external forces but arn’t all companies now?
If I was reading their update and I’m close,next week and Not already invested even if the the price was 70- 80p I’d buy. Pe is currently 3.8 cash adjusted 1.7.Liberium are holding their ore result target price at £1.05 Make mine a rocket

[otemple3] 24/8/2020 12:10

I wish the market was this cautious with all my holdings, it's up 60% since the beginning of July! Still looks very cheap to me but not expecting fireworks at update

[corrientes] 24/8/2020 11:27

In view of the eulogising of this company's prospects by some, and now being fairly close to results day, why no strong movement ?. In these uncertain times, is the Market being understandably cautious, so any surge (or decline) can only happen after the results ?

[martinfrench] 21/8/2020 20:36

Just saw that.

It's a sign clearly

[plat hunter] 21/8/2020 19:19

Investing.com might have the price wrong or we've just jumped 1000% in out of hours trading.We're all millionaires lol

[nimrod22] 21/8/2020 13:42

Bumper profits at Impala Platinum

[plat hunter] 21/8/2020 13:31

Albeit only for double digits but full ask paid @60 again

[jon4567] 21/8/2020 11:22

You're missing the point again. We already know the impact of shutdown on production and costs.

[plat hunter] 21/8/2020 10:53

Shut down and start up certainly wasn't free.

[cb7] 21/8/2020 10:42

Any balanced assessment should include negative factors, such that this years ops may not be quite as wonderful as some anticipate. The Q4 results included the prediction that in the next 12-18 months because of the expected supply material, there would be lower PGM feed grades and recoveries. I am guessing there will also be extra costs associated with covid19.