Sylvania Platinum Share Discussion Threads

[primarch1] 19/7/2021 08:34

All miners are down,this is just being hit harder so someone can get it cheaper.troubles in sa surge in COVID chip shortages from cars.I'm topping up fundamentals are solid and the cash pile keeps growing hold your nerve.

[cordwainer] 19/7/2021 08:26

I guess whoever's shorting and selling knows more about this stock than I do.
Wonder if I should keep topping up ..?
:-(

[tonytyke2] 18/7/2021 20:07

'contacts with an ear in the right place' tell me we may know a certain party trying to short this stock. Hope it fails miserably.

[corrientes] 18/7/2021 16:06

I don't presently hold shares in PGM, but all you need to do is look at posters' comments over a couple of months or so, to give you a fair idea of what's behind it all.

[yf23_1] 18/7/2021 15:57

You always get the derampers when they get nervous over a possible bottom at a resistance point.

[petewy] 18/7/2021 13:42

this should be priced around 35p...That serious?

[purplepelmets] 18/7/2021 11:20

RD, contacts with an ear in the right place tell me it's pretty much a done deal and will be announced imminently. The BEE did not go far enough and in the time of crisis they figure this will calm the situation. Nationalism always plays well in desperate times. Of course it would be a complete disaster, but then making a moron with no idea about biology/medecine a health minister, and dismantling the entire education system because whites had a part in building schools 30 years ago does not suggest sanity and rational decisions.
We will soon see, but factoring in the risk this should be priced around 35p until the situ in SA returns to something approaching normality.

[plat hunter] 18/7/2021 10:48

THS April 27 peak and down 23% to dateJLP SLP May 10th peak and down 20/ 30% respectively to date.All looks pretty normal to me and in line with falling basket prices.

[rabiddog] 18/7/2021 10:30

The chances of SA nationalising industries is virtually nil. Disruption is the factor in play here on the share price

[henryatkin] 18/7/2021 09:11

Freddie... JLP blue, THS black, SLP red

[dr pinkstone] 18/7/2021 08:59

PP--do you work for a hedgie?

[henryatkin] 18/7/2021 08:53

The last thing a new government would want is to lose international investment. Nationalising profitable business's would do just that. It would also cause a flight of capital out of the country & a brain drain similar to Zimbabwe. At worse there may be higher corporation tax.

[purplepelmets] 18/7/2021 04:30

I expect the failing SA govt to cancel all contracts and concessions and forcibly nationalize all mines and related businesses in SA in the v near future. All mining companies will have to write down their entire SA ops to nil value.

[alan@bj] 17/7/2021 15:03

Orgy of looting and corruption has destroyed Mandela’s dream

[freddie ferret] 17/7/2021 00:06

These riots are not general and imho will have had no effect on SLP. People that riot do not tend to work in well paid jobs. Riots take place in cities not outback.

[plat hunter] 16/7/2021 22:27

Car assembly lines halting production or axing shifts because of staff shortages is an ongoing COVID disruption and probably weighs more on the price of pgms than people may realise. The market is extremely sensitive to auto's, just look what diesel gate did for pgm prices.

[inever] 16/7/2021 17:22

A share buyback program must be high on the agenda at these prices considering the cash reserves to hand.

[primarch1] 16/7/2021 16:17

Shame they mine in a failing country whole bloody continent is full of corruption,you at least felt South Africa was stable.

[forthelongterm] 16/7/2021 16:13

With a market cap of $400m and end of quarter cash balance likely to be $100m this is now getting ludicrously cheap.
Cash adjusted p/e likely to be approx 2.5 for year just ended.
Obviously PGMs could crash but these are crazy numbers.

[primarch1] 16/7/2021 16:06

Well ultimately any disruptions to supply of pgms from these riots will invariably drive the price back up surprised to see it back at a pound.next update will give us some idea of the impact on operations.

[2vdm] 16/7/2021 15:37

Thanks davebowler, makes interesting reading and sense. Let's hope no more lives are lost.
PS - Not that different to the situation in the USA with the GOP tribe, blissful ignorance of the facts and a former corrupt leader!

[tomps2] 16/7/2021 11:49

John Rosier mentions Sylvania Platinum (SLP) in the latest PIWORLD interview at 7m39s

Watch the video here:

Or listen to the podcast here: