Sylvania Platinum Share Discussion Threads

[tempted] 25/1/2024 12:32

Interims 19/02 , have added sub 60 but held higher - who knows where the price ends up - suppressed basket costs already well known, PMG prod was increasing at last Nov research report? *, latest eps consensus dropped this week to 13.7 cents (stockopedia), all South African suppliers getting hit - medium term winner in my view, remember the unwanted adage buy high sell low!

*

[kaos3] 25/1/2024 10:45

The answer - becausee of the better margin.

I was in the grain producing. The driving force of our success was releasing the grains from our stock when prices were top. And being in the business we knew to a certain degree where in the price cycle we are

We waited sometimes for up to two years to get best margins for our crop.

Up to 3 x better then just continious selling. Eg 3 x profit for the same effort.

We could do it because we had one crop on the field and two crops worth in the bank. We did not have to sell it when it was just normal or bad

[alan@bj] 25/1/2024 10:05

The next trading update must be due imminently. The RNS's 1st quarter update to 30th September was issued 25th October.

[kennyp52] 25/1/2024 09:29

Because their customers want it !! They still make profit at current prices . Why burn cash in an uncertain market . Ludicrous not to keep selling

[kaos3] 25/1/2024 09:21

Why are they selling material having enough cash to wait for better prices?

[kennyp52] 25/1/2024 09:11

mjneish .. “ no one seems to have the slightest clue where anything will go at any time. If someone thinks so, he's a fool, and if someone pays attention to that fool he's an even bigger fool”

I think the insinuation that I said this could fall further is that I’m a fool ? Take a look at the chart then to now 🤷‍a94;️

The fool is the one that says everyone else is a fool .. then proceeds to make a fool of himself 🤣🤣

I will be buying if this gets into the lower 50s .. $124mn in the bank last financial year and it should still be profitable even at these low prices . Problem will be the sensible thing .. peg the dividend.

[justiceforthemany] 24/1/2024 17:27

Any election is 6 months away and ANC will still be the largest party, probably still get a majority.

[herbert0] 24/1/2024 13:51

South Africa Elections, Platinum price worries. But plenty cash and profitable.

[justiceforthemany] 24/1/2024 12:40

Update due any day.
Cash $125M+

[justiceforthemany] 24/1/2024 10:53

In freefall.

[justiceforthemany] 22/1/2024 21:50

Rhodium price is definitely ticking up. $4600+

[1knocker] 22/1/2024 18:02

The big fall in the palladium price will have made it no longer economic for manufacturers to make the change to substitute platinum for palladium in those applications where that is possible. That is unhelpful to the platinum price.

I hold no physical palladium at present, but it will not need to go much lower before I start to think seriously about dipping a toe.

With miners still feeling cost pressures, which will become considerably more acute if currently relatively low diesel costs rise again, I currently see attractions in holding the physical stuff.

Aa for Sylvania specifically, it is a well run operation, but one has always to remember that they are running up the down escalator in South Africa, which becomes more of a basket case with every passing month. Energy shortages, transport breakdowns, corruption, and just about anything and everything liable to be stolen. Even electric cabling has to be protected from thieves by armed guards (who all too often prove to be part of the thieving gangs, paid by both the owner and the thief!). The railways and electricity distributors can't replace cabling as fast as it is stolen, and electricty and transport are key to any economy.

It is tempting totop up at the current price, but probably not wise.

[mjneish] 21/1/2024 11:31

I don't mean to spam the group, but here's an excellent article by David Davis on the platinum market.

[mjneish] 21/1/2024 10:51

Speaking of fools, someone's got AI trying to forecast the platinum price by the end of this year.



Ludicrous considering that ChatGPT has no knowledge of events after January 2022.

[mjneish] 21/1/2024 10:47

I'm probably the last person you'd want to have an intelligent discussion on PGMs about. There are much more knowledgeable posters here. Having said that, if there's one thing that I've learned it's that no one seems to have the slightest clue where anything will go at any time. If someone thinks so, he's a fool, and if someone pays attention to that fool he's an even bigger fool.

[kennyp52] 21/1/2024 10:33

mjneish.. dare I say we are clutching at straws here atm with the PGM basket as a whole ? Very worrying that this could go down further with the next financials. Is there no end to the decline in Plat & pall price ? There was supposedly a shortfall in Plat .. hmm .. if there is they haven’t told the market yet ! Things can reverse very quickly but the whole world is going mad at the moment .

[mjneish] 18/1/2024 15:24

Dare I say that rhodium seems to be ever so slightly on the up lately?

[darrentrek66] 17/1/2024 12:44

Buying opportunity

[mjneish] 12/1/2024 14:23

Interest comment in THS's production report yesterday.

The PGM market has continued to suffer from pricing pressure, however, a short-term reprieve towards the end of the quarter, driven by technical short covering, saw some price spikes. The effect of these low prices is evident on the PGM mines in South Africa, with shaft and even mine closures underway. The major pressure on PGM prices remains the (perceived) excess inventory in the PGM pipeline. We expect this to be balanced once the real demand we have seen from end users becomes evident, in particular as further supply cuts are implemented and, on a macro level, policy reduction of subsidies for EV vehicles influences demand.

[wsm812] 12/1/2024 11:09

PGM prices to rise, demand to increase, economies to grow, investors to buy......pick one :)

[pratt2] 12/1/2024 09:37

I wonder what needs to happen for this to break through towards the 110p mark

[bountyhunter] 10/1/2024 17:28

At least we were :(

Revisiting the bottom of the channel first.

[baldrick1] 28/12/2023 14:56

We're on the move again towards 80p gla

[bountyhunter] 28/12/2023 14:04

Next stop 80p?