Sylvania Platinum Share Discussion Threads

[hpcg] 16/3/2021 20:41

carcosa - the original announcement doesn't state the recovery period, it just says temporary cessation of operations. Also it is not at all inconceivable they have more problems, it isn't exactly a quality company, their news items are a litany of death and pollution. More importantly that water body was not at all anticipated. It is has surface connection, or is just a large aquifer, they could have repeat incidents. Put it this way, as an investor would you keep your money in there or run for the hills? Some springs in the Great Artesian Basin in Australia are fed from much more than a thousand miles away. At the very least Nornickel ought to do some extensive drilling to map the water body. At the 350m level that is not going to be quick or cheap. Most likely they don't bother and it happens again.

[carcosa] 16/3/2021 17:22

Re Nornickel... Why get so excited about the company recovering operations? Surely when reported the original problems back in early February was the time to get excited. This latest news from Nornickel is negative wrt forward looking prices.

[davebowler] 16/3/2021 15:58

sailing john 16 Mar '21 - 14:20 - 420 of 422 on Tharisa thread...

Palladium up 4-5% following Nornickel announcement this morning. Loss of 3-4 months production due to mine flooding and complex nature of fix - could be longer?
They say they will lose 710koz PGMs - might impact Rhodium as well.

[stoodio] 16/3/2021 15:08

MrS, Martin, absolutely my friends. I post less frequently here simply because the quality of posting from the IC crowd that bought in over the past 12 months has brought the board down a touch. I'm not complaining about a greater reach and subsequent share price increases off the back of Simons' commentary. But, both here and elsewhere the quality of content is lower and in some cases utterly misguided with respect to the PGM market. And it hasn't gone unnoticed (certainly by myself) that some very well informed posters have also chosen to take more of a back seat here too, for which I have no doubt is probably for similar reasons.Oh well. Onwards and upwards :)

[martinfrench] 16/3/2021 11:40

mr stephens,

up to you if you post but this is still and should be a quiet board, but unfortunately the cost of doing business on advfn and lse is that changes in share price either way attract certain people. looking at his posts, they are fairly normal slp posts except the "back to cheap jewelry" comment which was just stupid.

if he thinks the current 7 million electric cars are suddenly going to overtake the diesels and petrols (currently 1.4 billion) he is a bit misguided.

regardless of this, we have all made very nice money so i can tolerate it.

[mr stephens] 16/3/2021 11:17

Hear hear Martin. As you know I’ve been providing regular updates based on financial middling for 3 years. I was in around 18p. But the last few months there seem to be a bunch of investors that don’t know what they’ve invested in. So sadly I can’t be bothered any more. SLP though it’s serious it used to be fun in the ups and downs on this chat board. This is no longer fun. My message to anyone that doesn’t get it is to read the SLP website and the IC share reports and the bi annual Johnson matthey report and learn about the market and SLP.

[martinfrench] 16/3/2021 09:24

wilfie,

think you need to chill a bit, as far as slp goes, there really isnt that much to say.....

we all know the basket
we all know and comment on the prices of rhodium etc
we all can see the potential for platinum in the future uses
we all know the ounces they mine

so, other than that, in between results and webinars, what really else is there ?

anyway, stoodio is a founder 6 ish pence member so knows more than most based on historical research

this isnt THS, whereby things are happening and they are more ambitious etc, so we can comment on future strategy.

[stoodio] 15/3/2021 21:44

Wilfie my friend, for you, I have this and I'll keep it short as really can't be bothered. Cheap jewellery? You really ought to be far better informed / well read on the PGM market and it's uses. For Freddie. A buyers strike? What in gods name are you talking about man? You're assuming the drop in the price of Rh is due to a 'buyers strike'? Really? SMH.

[kennyp52] 15/3/2021 21:30

Rhodium is 13% of basket by weight so the high price is a phenomenal bonus but SLP is not a 1 trick pony .. the Palladium and Plat prices are holding well with 27% and 60% of the basket from memory . So per ounce :

Rhodium 13% @ $24,500
Palladium 27% @ $2304
Plat 60% @ $1209

Per ounce $4532

Less adjustment for concentrate .

SLP have been making decent and sustainable profits at much lower basket price levels so the financials for this year are going to be pretty spectacular if the prices hold . What if they improve ?

[wilfieboy] 15/3/2021 20:28

stoodio, I have only been on this platform a few weeks, but all I have seen from you is negative jibes. Would you like to add something interesting or constructive for a change? Everyone one else seems to make an effort, with you as the exception.

[stoodio] 15/3/2021 18:59

Freddie, what are you smoking?

[freddie ferret] 15/3/2021 17:03

Rh price still stable.

Just remember if there is a buyers strike underway then they will have to return to market when their stocks run low. Once buyers realise the price is no longer falling it then becomes who will be the one to lock in these lower prices and by doing so start the new rally.

They havn't stopped using the stuff!

8-)

[freddie ferret] 15/3/2021 14:03

Rh price stable as at up to a few minutes ago.
It rose slightly on the 11th march and has been stable since according to Kitco.
Pd seems to be strong atm.

[freddie ferret] 15/3/2021 13:59

Rh price stable as at up to a few minutes ago.
It rose slightly on the 11th march and has been stable since according to Kitco.
Pd seems to be strong atm.

[mo123] 15/3/2021 09:31

Had a look at the simplywallst forecast figures for SLP as stated from 1 analyst. They may be the Liberum figures but haven't seen them to confirm this.

They are:

2021 36c (26p) for PE of 4.6 at share price of 120p and using 1.4 cable
2022 41c (29p) PE of 4.1
2023 47c (33.5p) PE of 3.6

[kennyp52] 15/3/2021 08:09

10% off high is not justified Imho ... solid performance , special dividend , steady financials with plenty cashed and a future dividend income yield . I don’t know what investors want if they don’t want this in their portfolio.

[stra3enkater] 14/3/2021 22:10

hxxps://www.cpmgroup.com/rhodium-backs-off-30000-oz-supply-concerns-still-main-issue/

[cb7] 13/3/2021 07:32

ff the rns of 16/2 and 9/3 explain the selling.

[freddie ferret] 12/3/2021 23:49

Food for consideration??

Europe Can’t Keep Up With Demand For Battery Metals
By MINING.com - Mar 12, 2021, 1:30 PM CST

A report on battery metals produced by Aperio Intelligence on behalf of Eurobattery Minerals forecasts a considerable increase in raw materials demand for Europe’s e-mobility sector by 2025, which is unlikely to be met by local producers.

According to the document, Europe produced around 750,000 EVs in 2019, a total that is set to rise to more than 4 million in 2025. This equates to an increase from 4% of market share in 2019 to 22% market share in 2025.

Aperio Intelligence says this production growth can be broadly split between battery electric vehicles (BEV) and plug-in hybrid electric vehicles (PHEV) with BEV increasing the share of overall production over the next decade.

By 2025, Germany, France, Spain, Italy and the UK are expected to produce about 85% of Europe’s EVs, even if leading manufacturers split operations between Europe and Asia.

When it comes to sales volumes, Europe’s market for EVs increased by 137% in 2020 and 44% in 2019 with The Netherlands and Germany leading the pack.

By looking at these production and consumption figures for the EU and adding them to those of other regions, the analyst forecasts that copper demand solely from battery-electric and plug-in hybrid cars and vans would grow from approximately 52,000 tonnes in 2019 to around 317,000 tonnes in 2025. Demand for nickel, on the other hand, would increase from 22,500 tonnes in 2019 to 129,000 tonnes in 2025 while 51,600 tonnes of cobalt will be needed in 2025 compared to 9,000 tonnes in 2019.

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The report’s most recent data, however, show that the EU was responsible for only 13% of the 20.4 million tonnes of copper produced globally in 2019, a large portion of which – 399,000 tonnes – was produced in Poland, followed by Spain, Bulgaria and Sweden.

Similarly, the EU’s mined nickel ore production is a fraction of global production and has been mainly focused in Finland, with approximately 39,000 tonnes in 2019, and Greece, with some 14,000 tonnes in 2019.

European cobalt production was mainly a byproduct of the mining operations of Finnish state-owned company Terrafame and Swedish Boliden. Data from 2018 reveal that the EU – through Finland – contributed just 1,377 tonnes or 0.9% of the 156,483 tonnes of cobalt mined in that year.

Overall, the continent imports 86% of the cobalt it needs and, based on information by the European Commission cited in Aperio’s review, its demands will require five times more cobalt by 2030 and over 15 times more by 2050 compared to current supply levels.

“The report clearly shows the need to scale up mining production and the sourcing of raw materials within the EU,” Roberto García Martínez, Eurobattery Minerals CEO, said in a media statement. “We need to act quickly to enable the electric car revolution and ultimately reach the Agenda 2030 targets outlined by the UN. From the report, it is clear that Europe needs to move faster to meet the demand for these materials. A sustainable car industry cannot continue to rely on unsustainable mining.”

By Mining.com

[freddie ferret] 12/3/2021 21:23

Set this to three days.



After rising a bit it has now been stable for over 27hrs.

[martinfrench] 12/3/2021 19:12

stable for some time ???

whats your timeframe then freddie, seconds :-)

we'll take a stable 25k all day long

[freddie ferret] 12/3/2021 17:56

So far no signs of Rh falling again.
The last move was up, has been stable for some time now.
Fingers crossed.

The way I see things is either, somebody with some has sold it OR there has been a bit of a buyers strike.

I have seen no signs of a futures market or of any way of short selling Rh.
Please correct me if I am wrong.

If we have been hit by a buyers strike then eventually industries that use the stuff will have to start buying again in order to operate.

It is possible we do have some speculators in Rh that have been trading, and it is possible as a result of them, volatility will increase, however they will not halt the progressive upward movement, only changes to the fundamentals will do that.

It's all about supply and demand.

[kennyp52] 12/3/2021 17:14

Nice dividend around the corner and I expect this to hit 140p even if Rhodium price falls back .. still making a very nice margin thank you very much 🙂