Sylvania Platinum Share Discussion Threads

[rabiddog] 20/12/2021 13:47

Just bought another block to trade @85.7p. Can see this bouncing from here to over 100p

[rabiddog] 20/12/2021 13:47

Just bought another block to trade @85.7p. Can see this bouncing from here to over 100p

[2vdm] 20/12/2021 08:01

Thanks Rabid.

[plat hunter] 18/12/2021 08:42

100% Rabid....Being boring is the only thing that keeps me interested.

[rabiddog] 17/12/2021 10:05

Posted this few posts earlier..pure PGM play, steady production

About 60% of revenue is from rhodium, that’s been recovering recently. Market cap covered bout 30% by cash. It’s a direct play on PGM really, costs and production are well known. Costs to produce are usually about $700ish an ounce, basket price has fluctuated a lot but still I think must be in the region of $2500 an ounce so still hugely cash generative. It’s pretty boring, just does what it does and you know what you are getting. Pays out good dividends with the excess cash rather than diversification into other streams such as Cu production ala JLP.

[2vdm] 17/12/2021 09:27

Any views on this as a medium to longer term buy. I've already got a heavily weighted holding, but am showing quite a large loss to date, but it looks cheap at this price. Views appreciated.TIA.

[deme1] 16/12/2021 12:53

All the metals are down since their crazy peaks, I have a buy order in at 65p here, but will keep any eye on it just incase there is a sudden turn in metal prices.

banking could be a quick in and out

[nimrod22] 15/12/2021 18:28

SLP and many other metals getting bashed today. My comments above re SBSW were clearly premature seeing as they dropped 6% today! When you look at the the numbers for Sibanye there's nothing not to like. The FT lists of punters forecasts give a median price increase of 66%.
High 82.6%. 22.00. Med 66.0% 20.00. Low 26.1% 15.20.
I think the build up to Christmas and New Year will be poor, with Covid, Ukraine, inflation, and thin market volumes all creating a bit of a downer.

[plat hunter] 15/12/2021 16:24

I'm down to 17.8 now will add 5k's worth if it hits 11p which will be nigh on 45k shares, insanely cheap for the assets imo.It would also mean that our share of dugbe alone would be worth more than HUM's entire mcap... Essentially a 100k debt free mine and another 100k mine build fully financed, both valued at zero.Lack of cash and continued spend on drilling appears to be the markets biggest problem imo. When they do drawdown the Coris money it will at least capitalise the company.

[rabiddog] 15/12/2021 16:01

Yeah I bought 2 lots of HUM…first smaller block at 32p, larger block at 21p. Luckily I sold the larger block in October at break even. Just letting the other block ride, it’s now about 0.5% of my portfolio so not too concerned. Happens

[plat hunter] 15/12/2021 15:51

PS SBSW isn't a tip, it's just a really good measuring stick :-P

[plat hunter] 15/12/2021 15:50

Still long and strong over there Rabid... The view there for me is 380k ounces by 2025, Future div's on 380k ounces and no debt would be close to double current share price "Short term pain, long term gain" capital back as div's is the wholly grail....


What's your average over there if you don't mind me asking?

[rabiddog] 15/12/2021 15:33

Last time I listened to one of your tips Plat I bought HUM…lol. Must admit they looked good value but not worked out well for me or any others I suspect !

[plat hunter] 15/12/2021 13:44

Nigh on 11% divi at sbsw too at current mcap.. Alright there's a 20% tax at source but if you register as a non SA resident investor you can half of that back.

[nimrod22] 14/12/2021 18:07

I've been heavily weighted in miners this year (on anticipation of an economic recovery from Covid) including SLP, JLP, THS, but Glencore appears to have performed very well at 57% rise on the year. I have Sibanye, but for reasons I can't quite figure its not performed so well, despite all the numbers looking more than good, but sometimes that's the way it goes. Those that buy Sibanye SBSW now will probably be in at a bottom price, the forecast earnings, P/E etc are all more than good.

[plat hunter] 14/12/2021 12:21

JLP won't be producing copper anytime soon or certainly not enough or without the efficiency to justify how much cash they've diverted from a profitable pgm operation which they've failed to grow.It's not just investors that need to add to winners and cut losses, you'll do better here than JLP imo over the long term. share price wise, there's enough fundamentalists over at jlp, so anything is possible on that front

[rabiddog] 14/12/2021 11:56

About 60% of revenue is from rhodium, that’s been recovering recently. Market cap covered bout 30% by cash. It’s a direct play on PGM really, costs and production are well known. Costs to produce are usually about $700ish an ounce, basket price has fluctuated a lot but still I think must be in the region of $2500 an ounce so still hugely cash generative. It’s pretty boring, just does what it does and you know what you are getting. Pays out good dividends with the excess cash rather than diversification into other streams such as Cu production ala JLP.

[plat hunter] 14/12/2021 11:43

It doesn't swell as much as it used too ;-)

[pratt2] 14/12/2021 11:16

Hi All,Have been an SLP holder for 6 months or so, currently in the red unfortunately. However, I ve gone through the investment thesis again and struggling to see why this isn't a bargain? Supply chain issues leading to lower new car demand + Omicron means delayed gratification, but I suppose the cash balance continues to swell in the interim?Kolanovic of JPM yesterday suggested 2022 will be about commodities as the world is out of Covid, so even the big boys are aligned.Interested to hear the bull and bear case here please from the regulars.Thanks again.

[greyingsurfer] 14/12/2021 10:03

As a follow up since then I've had dividends for both SCS and VLX paid into my II account on the registered payment date. The SLP late payment issue seems possibly to have been stock specific- or they've sorted out an issue in the days since.

[ravos] 09/12/2021 11:25

Still waiting

[robsy2] 09/12/2021 10:56

I am out. I’ve had a good run and have taken profits. Good luck to all who remain.

[rabiddog] 07/12/2021 09:56

Yep, mine just come through. I’ve still messaged them to find out why it’s late compared to my HL account.