Sylvania Platinum Share Discussion Threads

[plat hunter] 02/9/2021 14:07

Fingers crossed Kaos, I don't want people to lose money but I equally I want to get more opportunities to accrue.

[johnhemming] 02/9/2021 14:05

Well if it gets there I should buy some more (which is I suppose the argument for charting).

[kaos3] 02/9/2021 14:05

PH - it looks it is going "your way". first I thought - nice reverse H&S for 119p
doing the right shoulder atm

[plat hunter] 02/9/2021 14:04

Hi John.


I think this is all technical rather than fundamental. I'd love nothing more than to be at 140p never mind 200p but happy enough to trade it whilst it's doing this, as to try and increase my shareholding.

[plat hunter] 02/9/2021 14:02

Hi Bazzer.


I'm using the surge and retrace movements collar to collar to draw my lines.


1st Fib Retrace took us down to 94p



2nd Fib Retrace took us to 83p



3rd Fib Retrace to be completed at circa 75p?

[johnhemming] 02/9/2021 13:54

I had a final nice last bottle of rioja that unusally I decided to crack open in the early afternoon on a thursday (ie after noooooooon). I have done quite well with this, but SLP has taken a bit of a dive. I cannot see a reason for this as XRH0 is going up.

[plat hunter] 02/9/2021 13:17

Yes bazzer, I'm out at the moment, give us an hour or two and I'll post all three charts.

[bazzer1000] 02/9/2021 12:38

Hi Plat. Could you post a fuller shot of the fib levels you have got. I can't work out how you are arriving at the levels you show. Cheers

[plat hunter] 02/9/2021 11:03

Won't be a popular view but this particular pattern has played out twice already and a third time will take us to 75p

[plat hunter] 02/9/2021 07:14

So they're not platinum mines, they're rhodium mines and miners. SA's largest miners have in fact been moth balling rhodium mines for the last 5 years and not platinum?Cmon feret lol

[freddie ferret] 01/9/2021 22:14

Actually Plat Hunter has it in reverse.

PGM ores were and are being got out of the ground because of the high Rh price, however when you pull lots of Rh out of the ground you also tend to pull out loads of Pt, thus Pt has been in oversupply for some time.

Pt used to be at a considerable premium to gold, now however it is very much cheaper than gold.

I think we are going to have to wait a bit for this car chip matter to sort itself out, to boost cat converter manufacture.

[danieldanrichardson] 01/9/2021 20:26

You constantly went on about gaps getting filled on the jubilee board, Plathunter.

[stemis] 01/9/2021 16:07

Let's hope...

[plat hunter] 01/9/2021 15:14

Yes stemi you are right, it was a bad analogy on my part and thanks for correcting it. Platinum would need to be 4k an ounce to cover the same return of Rhodium at 20k


Let's hope that the Platinum glut remains for as long as possible the, or it rises quickly to 4k it when does start to go. :-P

[stemis] 01/9/2021 14:09

I believe the split of 4E by weight is 61.7%: 25.5%: 12.5% (Platinum, Palladium and Rhodium)

So 1/5th as much Rhodium as Platinum but if the price is 10x higher then the revenue is 2x more

[plat hunter] 01/9/2021 13:10

Are you sure about that, the basket is heavily weighted towards platinum I thought? The income however is currently heavily weighted towards Rhodium.40,000 ounces with an extra 1000 going through to the bottom line is an extra earnings value of 40 million dollars net. Brush stroke analogy of course. But you'll see what I mean if you extrapolate the platinum component from the current prill split. I'd be more excited about a rotation to platinum than current rhodium prices for sure.

[stemis] 01/9/2021 10:38

Rhodium income was always going to be transitory but the real basket weighting is to plat and a 2k plat price will be worth more to the earnings than a 20k rhodium price.

No it won't. A 20k rhodium price will be worth twice as much to earnings as a 2k platinum price.

[kaos3] 01/9/2021 10:20

martin - thank you - the gap that can not ever be filled is called black hole. it sucks all in and never fills (most powerful force in the universe) - similar to the stupidity

I really do hope I have that one gap....

it is getting there to disappear into my gap that 25 % return in a week or so....

[martinfrench] 01/9/2021 09:07

there is a gap in your brain that will def not filled :-)

[plat hunter] 01/9/2021 08:47

Lol eu style

[kaos3] 01/9/2021 08:40

it is a date EU style 27th of July

target 114p

and yes - not all gaps get filled

[plat hunter] 01/9/2021 08:38

27p is hard to see, it's an old wifes tail that all gap get filled, I'm not a subscriber myself

[js910] 01/9/2021 08:28

Still a good long term hold IMO, the fundamentals haven't changed

[kaos3] 01/9/2021 08:22

I think:

1. share will go up to fill the 27.7. gap
2. downtrend is still intact
3. very cheap share - but one can still trade it with net long

[johnrxx99] 01/9/2021 07:49

Beware those who distract you from the reason we are here.