Sylvania Platinum Share Discussion Threads

[mr stephens] 20/11/2020 21:30

PLATINUM PRICE TECHNICAL ANALYSIS: DAILY CHART (NOVEMBER 2019 TO NOVEMBER 2020) (CHART 4)


Platinum prices have a more bullish technical footing than silver prices, with the downtrend from the July and September highs breaking as of the close on November 18. Follow through to the topside is gathering pace, with platinum prices breaking higher above the descending trendline from the March 2008 (all-time high) and January 2020 highs.

Platinum prices are above their daily 5-, 8-, 13-, and 21-EMA envelope (and the difference between the daily 5-EMA and daily 21-EMA is increasing). Daily MACD is rising at an increased pace above its signal line, while Slow Stochastics are comfortably nestled in overbought territory. The path of least resistance is higher in the near-term.

--- Written by Christopher Vecchio, CFA, Senior Currency Strategist

[plat hunter] 20/11/2020 19:30

That glad, you followed me here attention. Lol you clown

[niloc4] 20/11/2020 19:21

Plat hunter, its good to have you off the jubilee jubilee site. Good riddance. Are u still taking a few up the a hole at the caravan park?

[stoodio] 20/11/2020 17:25

Thanks, it's been a couple years since i looked at them :)

[plat hunter] 20/11/2020 17:09

Worst behind them now... Silver and gold at these prices for another 12 months and they're £6.00 tokens come year end 2021

[plat hunter] 20/11/2020 16:59

20 November 2020 Hochschild announces payment of interim dividend and 2021 guidance  Hochschild Mining PLC (HOC.LN) (OTCMKTS: $HCHDF) ("Hochschild" or "the Company") is pleased to announce that, at its scheduled Board meeting on 19 November 2020, the Directors of the Company (the "Board") approved the payment of an interim dividend of 4.0 cents per share ($20.6 million). This decision was taken following the withdrawal of the recommendation to pay the 2019 final dividend and the postponement of the 2020 interim dividend due to the uncertainties caused by COVID-19 and the risk to the Company's operations. The Board recognises that whilst the Covid-19 crisis continues to affect both Peru and Argentina, Hochschild's balance sheet remains strong with the mines delivering a period of steady operation under strict health protocols supported by robust commodity prices. The Board will consider payment of a final dividend in respect of the financial year ended 31 December 2020 at its next scheduled meeting in February 2021. The Company is also today announcing its 2021 guidance following the completion of its budget process. Details are provided below. With regards to the current year, Hochschild remains on track to meet revised production guidance of 280,000-290,000 gold equivalent ounces or 24.0-25.0 million silver equivalent ounces. The all-in sustaining cost from operations in 2020 is now expected to be lower than revised guidance at between $1,200 and $1,250 per gold equivalent ounce or $14.0 and $14.5 per silver equivalent ounce.

[stoodio] 20/11/2020 16:55

What's it doing Plat?

[plat hunter] 20/11/2020 16:52

Have a look at HOC guys

[stoodio] 20/11/2020 15:40

Order filling My S. Been happening on SLP for 10 years, par for the course.

[mr stephens] 20/11/2020 15:29

Ok
Those of you that understand the markets top slice etc please explain to me who does research and modelling why does the share price drop 2p when 850,000 shares are traded of which 760,000 or 99% were buy transactions

[mr stephens] 20/11/2020 11:42

The market doesn’t care the price is dropping despite heavy buying

[mr stephens] 20/11/2020 11:41

They achieved 19,000 in Q1 but let’s say it drops to guidance in q2 that would be around 18,000 ounces so would reduce the profit to $30m

[martinfrench] 20/11/2020 08:27

all very nice but target prod is less than 20k ounces, nearer 71 for the year

would prefer 80 though :-)

[mr stephens] 20/11/2020 07:51

Rhodium at 1900 with the rest of the basket staying as it is would lead to around $33m -$34m based in 20,000 ounces
I do expect platinum to benefit from the shift in gold and to break through $1000

[whitefish] 20/11/2020 06:35

Mr Stephens that is looking great but just imagine Rhodium being (say) $3k on average higher from today in Q3? That by itself would be another $6.5m - all I am really saying is looking at Chart patterns for Rhodium and taking account of supply deficits etc a much higher average price for Rhodium is very possible. I cannot recall when both Platinum and palladium last joined in as they r at the moment.

For me the biggest unknown always is just the level of Quarterly production. As soon as I see that number I can guest (like you) what the bottom line will be - within a million or 2 from the price monitoring we undertake.

Thank you for your guidance.

[mr stephens] 20/11/2020 06:14

Hey Whitefish my q3 is currently looking at $27m to $30m after tax. That’s at the current JM average with all the usual factors deducted

[mr stephens] 20/11/2020 06:11

Gold is predicted to fall as investors move back into equities. PGM metals abs silver (used in solar panels) forecast to rise. Platinum at $960 highest since mid sept Rhodium now at $1590. Demand driven mainly by China. Also lack of supply as Anglo mine closed due to fire and also low ounce production in other miners between 5% and 10% of production. Demand expected to exceed supply until at least 2025. Yes a crash is always possible but that’s true of most stocks and investments. Look what covid did to the world

[mfhmfh] 20/11/2020 00:05

Rhodium futures at $15,800 on platinum matthey.

[whitefish] 19/11/2020 18:23

Rhodium might ultimately crash but not before further seasonal highs this Winter is my guess. I still think $20,000 cannot be ruled out given likely demand and deficit issues.

Palladium may also benefit but not to the same extent.

Mr Stephens and I will get excited working out Q3 Profits if I am right!

Longer term everything is starting to move in favour of Platinum, so everything seems too good for Sylvania at present.

[deme1] 19/11/2020 17:05

Choo Choo then crash.

looks real toppy at the moe

[mr stephens] 19/11/2020 12:12

Rhodium at $15,750. Platinum at $950 that should generate some SLP buying

[mr stephens] 19/11/2020 12:09

For comparison look at Atalaya a Spanish copper miner. Profits this quarter 22m before tax. Share price has risen from 77p earlier this year to £2.14 today.
Believe

[mr stephens] 19/11/2020 10:41

Gentleman are you new to SLP and have you done any research? This is a normal caveat in every report forever. They are used to dealing with this. With $60m probably $75m in the bank right now they could build their own power station

[xow98] 19/11/2020 10:26

Uncertainty at the national power utility relating to power supply remains a key focus for the Group in order to ensure we can mitigate any future power constraints, however no significant power interruptions occurred during the review period. Management are continuously assessing alternative power sources with a focus on sustainability and cost versus benefit.