Sylvania Platinum Share Discussion Threads

[plat hunter] 26/10/2021 09:00

Edit 2.6% Not bad

[plat hunter] 26/10/2021 08:58

Getting quite, I'll take my 2% for 40 minutes effort

[plat hunter] 26/10/2021 08:36

Feed from samancor is down though gregg. I think that is one to monitor.A lot mines are having trouble maintaining steady state production atm owing to how difficult it is to get spare parts shipped atm.

[greggphilips88] 26/10/2021 08:29

The only new "news" in this quarterly update was positive. Added at 96 and 97.
Growing cash pile.
Hints of improving feed. Clear improvement in some operational efficiencies.
My view is these will come together, along with improving PGM prices, in 12 months time. Happy to take the risk given the strong fundamentals and clear value here.
I need to do a proper dive into these results and outlook, but my initial reaction to this update was quietly positive news.

[manrobert] 26/10/2021 08:19

no surprising buyers piling in.inviting a takeover at opening price.a 300 billion pound company covered by 30 casht

[plat hunter] 26/10/2021 08:17

Well i've just bought again paid 100 on the nose.Divi on thursday is 4% buffer for a century

[johnhemming] 26/10/2021 08:14

That's about right. Obviously commodity prices can go up and/or down which is why quite a few commodity extractors trade on relatively low PEs. I last sold at 98p a while ago. I am not sure as to the price I would buy at.

[plat hunter] 26/10/2021 08:10

So if PGM's dont recover than thats circa 32 million a year net earnings at current basket or 10 times earnings.

[johnhemming] 26/10/2021 08:10

@PurplePelmets although you and I are not surprised with the figures that does not mean that others are not surprised.

The stock is geared to the Rhodium price so a 29% drop in the basket price has about halved the EBITDA.

[plat hunter] 26/10/2021 07:58

I'd agree catsick...I've been playing goldies for the last 12 months and for one reason or another they've all had problems which have lead to circa 30-40% temporary cut in production values and they all got battered for it.Buying opportunity yes but also might be painful, i'm retaining an open mind.

[2vdm] 26/10/2021 07:54

I'm glad you two said it, as I wasn't impressed. However if SLP is back on track, then it may provide a buying opportunity for LTHs

[catsick] 26/10/2021 07:53

Given that Rodium is down from 30k to 14k I would say pretty good

[plat hunter] 26/10/2021 07:47

No one likes to see a 30% revenue loss.

[ngms27] 26/10/2021 07:34

Results are disappointing compared to last quarter. A test of 100P today?

[tonytyke2] 26/10/2021 07:32

Cool, confident of hitting annual production targets.

[catsick] 26/10/2021 07:25

Cash pile continues to grow nicely even with lower pgm prices

[purplepelmets] 26/10/2021 07:06

No surprises this morning. Nice!

[ngms27] 25/10/2021 14:31

Maybe the pennies finally dropped. I'll get my coat.

[santangello] 25/10/2021 14:06

What day is the (anticipated) Trading Update this week ?

[plat hunter] 25/10/2021 13:46

Lol another penny coming

[plat hunter] 25/10/2021 13:36

1.0855 to sell, another penny coming

[plat hunter] 25/10/2021 13:32

"He we go, he we go, here we go"