Sylvania Platinum Share Discussion Threads

[plat hunter] 27/8/2020 08:10

Cb7...Production rate is the lroduction rate... 80k will still be 80k regardless of the grade produced.If the grade achieved is 10% less but basket prices are 10% higher then there is zero difference.You have to net of the grade against the prices not the production.

[cb7] 27/8/2020 07:36

Further down the Q4 statement the company says the net impact is going to be 10-15%. Hence the estimate for this FY should not be 80k, but nearer 70k.... similar to the last FY.

[whitefish] 27/8/2020 04:50

For those that like and understand Technical Analysis the following may excit any Sylvania Platinum shareholder!

hxxps://www.thetechnicaltraders.com/look-for-platinum-to-rally-following-gold/

[mr stephens] 26/8/2020 23:11

Palladium broke through the $2200 ceiling so the SLP PGM basket is now at a record high of $2900 before smelters take their cut so $2300. 2020-21 just looks better and better

[mr stephens] 26/8/2020 20:16

As gold consolidates above $1,920 an ounce but struggles to re-take the key psychological level of $2,000, investors are turning their attention to platinum, according to Commerzbank.

“Whereas demand for gold ETFs is cooling – there were even slight outflows yesterday – investors are increasingly throwing themselves into platinum,” said Commerzbank analyst Carsten Fritsch. “Platinum ETFs saw inflows of 42,000 ounces at the start of the week. Since beginning in late July, inflows have now totaled 360,000 ounces.”

There is a chance that the platinum market will see a supply deficit this year, which is in contrast to previous expectations, noted Fritsch.

The value of choosing platinum over gold is quite clear — just look at the cost, the analyst pointed out.

“It is obvious why there is so much buying interest in ETFs: platinum is 4.5% down on the start of the year, and has therefore underperformed gold significantly. This is also evident in their relative valuations: platinum is currently around $1,000 per troy ounce cheaper than gold, a price differential that had even peaked at $1,080. Recently it embarked on a race to catch up, as could be seen yesterday when platinum gained by a good 1%, whereas gold fell slightly.”

At the time of writing, October platinum futures were trading at $941.20, up 0.77% on the day.

[plat hunter] 26/8/2020 17:20

61 was getting pinged today in the same vein 60 was just a couple days ago.

[mr stephens] 26/8/2020 17:12

re plant feed grade recovery efficiency. This is a quote from the SLP 4th quarter report. They acknowledge that it has been lower but then go onto to say
"Both the reported PGM feed grade and recovery efficiency decreases are associated with the increased amount of
lower grade material treated and the lower ore recovery potential of the various surface sources being processed.
Various technical initiatives are in progress to improve process efficiencies at some Western operations and to improve
the blend of feed material to increase PGM feed grades and recoveries, while the Eastern operations are already back
at historic performance levels."

[plat hunter] 26/8/2020 16:06

Grade reduction is correlated with throughput and efficiencies though. In a low price environment they'd process less but at a better grade.You do whatever makes you the most money at the time though I guess.

[martinfrench] 26/8/2020 15:50

i'm sure the mkt will forget great profits and focus more in the grade reduction, kind of way it likes to work. makes no sense, but....

[martinfrench] 26/8/2020 15:45

thanks melton,

just clear this one mm, and were off, i expected a burst to 63

3 things are happening today....

1. us stocks really up
2. gold rebounded
3. dollar turned lower

all those things together mean.....stimulus announcement expect at jackson hole tomorrow

[cb7] 26/8/2020 15:34

Mr S et al. Yes, at full capacity the run rate should be around 20k per quarter going forward. However, if you read the Q4 statement you will read that they anticipate a decline of 10-15% due lower grades and lower recoveries for the next 12-18 months.

[melton john] 26/8/2020 15:28

Martin, 61-64

[martinfrench] 26/8/2020 14:50

melton,

what are the other other mm quoting btw ? above 60 ?

my dummy trades have all come back at 60p for 10k

[plat hunter] 26/8/2020 14:42

Good that there's only one on 60 then

[plat hunter] 26/8/2020 14:36

Two fund managers have been adding since November.I reckon they still are.

[melton john] 26/8/2020 14:36

There is just one market maker out of 8 quoting 25000 @ 60p. Presumably shifting a load of stock for someone who bought big on the low or an institution so until the overhang is cleared we are stuck at 60p or less. If he puts the price up he'll be quoting the same as other mm's and sell less. Not enough readies on my account to test what's available with a dummy purchase.

[martinfrench] 26/8/2020 13:56

the theory goes, that for large orders a price has been agreed, and mm want sells as far below that price as possible, hence price doesnt move up until filled

only seeing after hours trades will this be proven correct

[corrientes] 26/8/2020 13:11

When posters say prices are being held down, does this mean that market makers are accommodating significant potential investors, and they can make more money out of them than they ever would from the little people ? There have already been a few significant buys today, but the price hasn't moved at all, so this argument doesn't make a lot of sense to me anyway.

What does make sense to me is that we are very close to the pre Covid share price peak, and ultra cautiousness is now the name of the game, irrespective of the potential of excellent results. Very understandable if you acknowledge what happened in the country when lockdown occurred.

PS I hope I'm wrong.

[martinfrench] 26/8/2020 12:35

Mr Stephens,

I think 0 chance it gets to 1.05 post results or even shortly after, mainly because the covid uncertainty, SA issues (which are usually overstated), and the fact i just dont think this share historically has ever been rated anywhere near fair value. add to that some pgm uncertainty that is always there, as with all commods.

i see max 80p, would be very delighted with 1.05, plus we'll get the inevitable selling post results.

the only way, and just cant see it with history of management, is that something spectacular is pulled out of the hat, and that could only be M & A and cant really see that.

[mr stephens] 26/8/2020 11:45

At current price that’s a pe of 3.7 and cash adjusted pe of 1.7. Surely a re rating?A pe of 6 would push the price to 90p

[mr stephens] 26/8/2020 11:42

Martin do you think it’s going to climb anywhere near the Liberium £1.05 after results assuming of course my $53m is around the right net profit and the dividend is around 4.6p?

[martinfrench] 26/8/2020 11:19

completely disagree that this isnt being filled / kept down (someone over at lse just said same thing)

cant see level 2, but all trades exactly on 60p, no slight discount between mm ?

odd, especially since seeing the price action on a daily basis, and this isnt the norm.

obviously some people aware of the share and coming late to the party (and will sell just as quick post results or day before...)

therefore i expect a jump when order filled, probably straight to 63p level, my guess

[corrientes] 26/8/2020 11:13

better than 6,666

[martinfrench] 26/8/2020 11:09

tebboc,

people trading on a set round amount rather than number of shares.

just so happens at 60p be in the 333333's for most amounts or multiples thereof