Sylvania Platinum Share Discussion Threads

[plat hunter] 27/8/2020 16:21

Full ask on 5 and 6 figure buys

[corrientes] 27/8/2020 09:46

just a variation of quantity v quality

[mr stephens] 27/8/2020 09:29

Haha I will dream all day of £1. It’s still bobbing at 60p I’ve decided not to look until Tuesday

[plat hunter] 27/8/2020 09:25

It's all good in the hood stevo...I do think tone gets misplaced on these boards an awful lot. Something we all feel passionate about but only every give it the courtesy of a glance before we fire back :-PBottom line is, that this is a 300 mill company all day long even on conservative PE's... We'll get £1 easily enough probably just as we get another broker note for £1.50 and we can regurgitate all the old posts again

[mr stephens] 27/8/2020 09:16

Plot you should know I get that you get it I’m just stunned that contributors don’t read the reports properly or selectively quote the problem without reporting that there is a resolution
Your example was good and you were right about higher prices compensating but they are management and their job is to sort out issues like feed grade which they say that have done. It had an impact on q4 and they still delivered a profit taking the year to over $53m and all will be fine for 2020-21.

[plat hunter] 27/8/2020 09:11

Seems that a few really don't get it all

[plat hunter] 27/8/2020 09:10

Stephens.. it was merely an analogy for the peeps who don't understand that production and grade recovery are two separate metrics.Just like if you make 10 jam sandwiches with 10% less jam, you still get 10 jam sandwiches rather the 9 :-P

[mr stephens] 27/8/2020 08:56

In other words it was an issue but we’ve got it sorted

[mr stephens] 27/8/2020 08:54

Plot hunter is of course correct but You’re debating an issue that SLP have resolved SLP actually say they will get grades back to normal. See below in full. I have already put this up twice “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."

[pwooly] 27/8/2020 08:44

It doesn't quite work out like that. Starting with 100, 10% less = 90. Then add 10% =99.

[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