Sylvania Platinum Share Discussion Threads

[danieldanrichardson] 04/12/2020 16:16

Bullster and deme, you can lead horses to water but you can't make them drink.

[deme1] 04/12/2020 15:32

I did highlight Jlp to you a few weeks back.

Bullster is right

JLP will double well before SLP does.
Smart money going into JLP

[meanreverter] 04/12/2020 13:05

Bullster — For growth, the odds are well in favour of JLP. But I like dividend payers (e.g. CAML, SLP) and am wary of mining companies that grow until they burst. I just hope that Leon will be able to recognize when it is time to settle down into being a grown-up company that is focused on rewarding its shareholders.

That said, I think that JLP is a great company, and I hold both SLP and JLP (about equally in present value).

[thelongandtheshortandthetall] 04/12/2020 12:58

Looking at todays trades I'd guess the MM are trying to fill a large buy order at 78p

[bullster] 04/12/2020 11:36

Bullster - 10 Nov 2020 - 09:35:21 - 3806 of 3963 Sylvania Platinum - SLP
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Ask yourselves this.

Will SLP double to 134p before JLP doubles to 14p ?

JLP group profit is on track to quadruple from this years finals to next.

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[mr stephens] 04/12/2020 10:59

In my trading account and re invested in SLP. Platinum still heading up.1m shares traded and all buys. Has to move through 80p ceiling and stay above it soon. So underpriced compared to Tharisa.

[martinfrench] 04/12/2020 08:55

div pay day today ??

[risa5] 03/12/2020 20:30

Platinum begins a new rally - gold & silver will follow

Today, we are seeing further evidence that metals are on the move – in Platinum. Platinum has been trading below $1000 for quite a while and this is roughly HALF the price level of Gold. Typically, Platinum rallies before Gold rallies in a traditional trending phase. Platinum rallies because it is used in industrial and other fields – thus it rallies in an advanced market rally phase. Gold begins to rally when a certain level of fear enters the markets or the markets enter a depreciation phase.

Currently, we are watching Platinum rally above $1000 for the first time since August 2020 and it appears new all-time highs in Platinum are on the horizon. This suggests Gold and Silver will follow this upward trend in another rally phase and attempt to set new all-time highs as well.
...

[mr stephens] 03/12/2020 18:00

I know it’s not SLP but look at IC tip at Tharisa. I’m in awe as they are trumpeting the basket price of $1700 and SLP was over $2200 and current SLP is $3400. This is before smelting
Then look at profits. In q2 SLP will be on or ahead of the whole of last years profit. I estimate $44m to $50m net after tax. Also $80m plus in the bank
Read below and smile and be cheerful. We will come good


Platinum group metal (PGM) miner Tharisa’s (THS) operating profit more than tripled to $88m (£66m) for the 12 months to 30 September as sales went up and costs went down. Platinum Group of Metals (PGM), including palladium and rhodium, traded at record prices this year because of demand in the automotive industry. Tharisa’s profit growth was driven by its basket price – effectively an average selling price for its PGM products – which jumped 58 per cent on last year to $1,704 per ounce (oz).

On top of the palladium price strength, rhodium’s heady price rise took it to just over half of Tharisa’s PGM revenue from 29 per cent last year. Averaging around $8,300/oz in the company’s financial year, the metal is now over $16,000/oz, driven by new vehicle emissions standards in China.

The company’s other product, chrome, had been a drag on first-half earnings, but this was more than covered by PGM strength. Chief executive Phoevos Pouroulis said he expected stainless steel demand to push up chrome prices in the coming year. Investors will be hoping this is right – Tharisa has restarted work on the Vulcan plant, which will increase chrome concentrate production by a quarter from 2022.

The company has brought back its payout after not handing out an half-year dividend to investors because of Covid-19 uncertainty. This payout level – barring any magical new source of palladium and rhodium appearing – will likely not be short-lived. Buy.

[frankwhite] 03/12/2020 15:01

Close above 79p, which IMO we will achieve today, will be a great sign of things to come. ATH and beyond, plenty of uplift from there. Interesting to note from PGM supply shortages that as far back as 2011 24% global supply of platinum and palladium came from recycling, such was the shortage, this figure must be double that now. GLA

[nimrod22] 03/12/2020 13:39

Platinum up 17.48 % in a month in Dollar terms. 7.2% in the last week.

[martinfrench] 03/12/2020 11:09

this is what is so amazing about commods stocks and in particular slp....you get days to see the basket price and the share doesnt move, so easiest trade in the world, every man and his dog knew this was going much higher.

[thelongandtheshortandthetall] 03/12/2020 10:50

Good stuff. share price only just starting to reflect SLPs PGM basket price IMO.
🎩🎩👍👍

[deme1] 02/12/2020 15:37

get your money over to JLP before it bags ;)

[kennyp52] 02/12/2020 12:47

Top - up ... miners feel better this week !

[whitefish] 02/12/2020 01:04

hxxps://www.bluelinefutures.com/post/platinum-is-about-to-face-biggest-supply-crunch-in-history-bill-baruch?inf_contact_key=5d845e5c145281e001650abc724bcb24680f8914173f9191b1c0223e68310bb1

reinforcing the Platinum theme!!

[mr stephens] 01/12/2020 20:03

Bid on platinum has now broken through $1000 if it holds and moves interesting to see the impact if any on SLP price. It is after all sylvania platinum even though the majority x 4 times of the income is from rhodium. I don’t care as long as as we get near to a sensible price

[whitefish] 01/12/2020 16:25

Key numbers to pass r approximately 1,027 on the Daily/Weekly chart and 1,152 on the Monthly, then clear skies!

[thelongandtheshortandthetall] 01/12/2020 16:12

Beat me to it :)

[mr stephens] 01/12/2020 16:06

Platinum has just broken through $1000

[martinfrench] 01/12/2020 08:36

topped up with 10k

[plat hunter] 01/12/2020 08:27

Told ya'sPall and Rhodium will collapse in the next part of the cycle.

[mr stephens] 01/12/2020 04:02

Platinum Draws Investors as Gold Rally Stalls
Disruptions caused by the pandemic are expected to lead to the largest shortage of platinum on record
/BLOOMBERG NEWS
By Will Horner
Nov. 29, 2020 10:00 am ET
Platinum is attracting renewed interest as a global push for cleaner energy and waning demand for gold promise to lift demand for the metal.

The price of platinum has rallied 14% so far this month, despite edging down 0.5% on Friday to $964.80 a troy ounce.

President-elect Joe Biden’s pledge to spend $2 trillion on green energy drove up platinum prices in recent weeks, said Kirill Kirilenko, a precious-metals analyst at CRU Group. The metal, which has industrial uses as well as demand from investors, stands to benefit in the long term from a global push toward renewable sources of energy, he said.

Meanwhile, gold has wavered this month as promising results from Covid-19 vaccine trials boosted the global economic outlook and sapped demand for safe-haven assets. The price of the precious metal, which hit a record high in the summer, last week fell 4.8% to $1,781.90, its lowest settlement since July 1.

That selloff is prompting investors to look to other precious metals such as platinum, betting that they still have room to climb.


“There is a longer-term growth story associated with platinum that we are in the early stages of,” said Steven Dunn, head of exchange-traded funds at Aberdeen Standard Investments. “With gold, the feeling is that we are in the latter stages of its run.”


Less than 10 years ago, platinum was the most expensive of the major precious metals. It is used in autocatalysts, which filter out harmful emissions from car exhausts, and its high price prompted many auto makers to look for cheaper alternatives such as palladium. Both metals are used in catalytic converters.

Declining demand from car makers has led to a surplus of the metal in recent years. Platinum prices slipped in response, and have been largely flat since 2015.

But the coronavirus pandemic has shaken up the demand-and-supply dynamic for the metal and is expected to lead to a record shortage of platinum this year.

While demand from jewelers and car makers has taken a knock, the crisis has driven money into safe-haven assets including precious metals. Investors’ positions in platinum futures rose by the most in just under a year last week, according to data from the Commodity Futures Trading Commission.

The supply of platinum, which primarily comes from South African miners, has also been severely crimped by strict lockdowns this year.

The World Platinum Investment Council, an industry group, forecast last week that demand would exceed supply for platinum this year by a record 1.2 million ounces. Between 7 million and 8 million ounces of the metal are used each year.

At the same time, investors are taking note of platinum’s role in a global push toward green energy. Renewable-hydrogen technology generates combustible gas from water and stores it in fuel cells that can be used to power homes and vehicles. Platinum plays a key role, both in electrolysis—the process of deriving hydrogen from water—and in the fuel cells that use it.


The European Union earlier this year pledged to make renewable hydrogen a key part of its European Green Deal, which aims to make the bloc carbon neutral by 2050. China has also said it aims to achieve net-zero emissions by 2060, and is expected to invest in hydrogen power.


The prospect of a revival in demand for platinum from hydrogen technology, coupled with tight supplies, is presenting the most bullish outlook for platinum in years, said Trevor Raymond, the World Platinum Investment Council’s head of research.

“We haven’t had a demand growth story of this magnitude in platinum for years, but we do now,” Mr. Raymond said.

The quantities of platinum used in hydrogen technology could be sizable. A car powered by a hydrogen fuel cell would require almost four times more platinum than is currently used in a diesel car with a platinum autocatalyst, Mr. Kirilenko estimated. Unlike autocatalysts, which can use palladium or platinum, only platinum can be used in hydrogen fuel cells.


“The hydrogen economy requires fuel cells and fuel cells need platinum,” Mr. Kirilenko said.

Investors are also watching to see whether auto makers turn back to platinum for their autocatalysts. Current prices provide a strong financial incentive to do so, potentially generating more demand, said Mr. Dunn.