Sylvania Platinum Share Discussion Threads

[farnesbarnes] 15/7/2021 07:43

It's all noise Freddie.

[freddie ferret] 15/7/2021 00:47

Somebody more skilled than me can probably superimpose both charts together and post them up.

[freddie ferret] 15/7/2021 00:44

Tharissa had a high point a tad under 132p around the 12th, and a low point today of around 120.5p.

OTOH SLP High around 118p on the 11th, and a low point today of around 101p.
If you go back the full five days you get a higher starting high for SLP.

This is taken from the advfn real time html 5 day chart.

%age wise I will rest my case.

Today SLP did bouce up later from its low.

[haywards26] 14/7/2021 23:26

Freddie THS has dropped similarly..

[farnesbarnes] 14/7/2021 19:43

Hammer bottom.

[tonytyke2] 14/7/2021 19:17

Fully agree also Mr Stephens, it's also good to see Rhodium jump up again today. Kitco had it at $15500 just around 1 week ago, so now back up around 20% in such a short space of time to $18600. Fingers crossed this can continue to move in the same direction and the seller takes a rest!

[martinfrench] 14/7/2021 16:37

almost certainly right mr stephens.....

[mr stephens] 14/7/2021 16:12

Fellow members of the SLP undervalued club we have seen this before. I have no doubt that civil unrest and the drop in RH are having an effect but not as much as African Asia selling off a bundle of shares. Over 6m traded today 4m yesterday and 2m Monday. When it’s over the price will be back at £1.20 and when the 4th quarter is announced £1.40

[plat hunter] 14/7/2021 15:34

Lol civil war much better than a metal price retracing, buy more

[haywards26] 14/7/2021 15:29

Plat,

It is more than a protest in certain locations it is bordering on civil war. I am a holder in JLP, SLP and THS...great sector to be in IMO. Ignore the short term fluctuations and value will out as PGM maintain and increase their prices in addition to increased production levels (JLP and THS).

I am also looking at a couple of additional miners - gold and copper..

[johnhemming] 14/7/2021 13:45

Rhodium peaked in early May and Sylvania peaked in late may. I think Rhodium counts for more than the Zuma issue. I would not think the Zuma issue helps, but I don't think it has a massive effect.

[kennyp52] 14/7/2021 13:45

I hope this is just an over reaction for holders . Looks like I got lucky for once timing a target exit and not buying back in but it doesn't change my sentiment for the company . Plat .. I think most of the new operations , particularly copper , for JLP are outside of South Africa which might be helping it to maintain its share price ?

[plat hunter] 14/7/2021 13:24

Look at THS down too but JLP holding it's own so far though, so i don't buy the zuma protest as bring the cause.Should JLP not show a substantial return on the copper spending soon then they'll catch up with the retrace in due course.

[plat hunter] 14/7/2021 13:18

That depends what's driving inflation, growing demand or falling supply... COVID and BREXIT disrupting supply chains left right and centre.Buy some gold

[haywards26] 14/7/2021 13:05

Market fundamentals for PGM are also stacked in our favour for the short and medium term, of course there will be price variations...as with anything in life.

[haywards26] 14/7/2021 13:03

Rhodium is currently significantly higher than 12 months ago and is rising gently.

The majority of the share price drop is SA related due to the civil unrest, simples.

The next set of financials will be truly fantastic and will continue to be great at current PGM pricing levels. Look at the recent broker and market commentary share price targets (Approx £2).

Time to buy when others are fearful. Fundamentally a sound company. The geographic location is one of the biggest risk factors, always was and always will be hence lower P/E rating.

[johnhemming] 14/7/2021 12:44

You are clearly right about it following Rhodium down.

[plat hunter] 14/7/2021 11:26

Too add to that Rhodium is off circa 30% and SLP's earnings are massively geared to the price of rhodium which practically 6 bagged over the last few years.Unless Platinum treble bags from here, the share price will keep moving in line with the price of Rhodium.

[friskymickey] 14/7/2021 11:21

Jumped in at 1.02 hope that was a good decision:) fingers crossed.

[plat hunter] 14/7/2021 11:18

This chart shows the importance, of getting out when it hits your target, sure I missed the ride to 140 but everything can always go higher or lower than you think.Https://www.tradingview.com/x/C1If3oNq

[rabiddog] 14/7/2021 11:18

Added more myself..even more exposed. Barring complete meltdown in SA or unforeseen drops in PGM metal prices can’t lose……surely

[cordwainer] 14/7/2021 10:27

@canarychris, I made a grab for the falling knife within the last 5 mins without any problem. must be an issue with your broker.

[stemis] 14/7/2021 10:20

It just shows how edgy shareholders are about PG prices. A bit of a fall and they are all throwing their shares out of the windows. However the company is still minting money...

[cordwainer] 14/7/2021 10:19

is there some arbitration going on between AQSE and LSE ? or traders are using the AQSE tail to wag the LSE dog ? not sure what I'm talking about but i hope recent movement is just trading and not a few ppl with an inside track.