Sylvania Platinum Share Discussion Threads

[dilip40] 14/8/2024 11:15

justice post 8800 the chrome jv any idea when the plan will be in production and i assume 50% slp share and cost of the plant thanks

[wsm812] 13/8/2024 11:00

There was a good write up in the IC this week, stating that a recovery is imminent to bring the share price closer to the Libernum rating of 87p.

[sweethammond] 12/8/2024 06:38

Rhodium is up a bit. That hasn’t happened in a while

[kaos3] 09/8/2024 15:56

elon musk neurolink brain implant strings are from gold and platinum...

micron size

not a lot of demand ... but shows superiority as a material

[rachael777] 05/8/2024 11:26

I’m not so sure the masters of the universe at Goldman’s and JPM will allow PGM basket price to escape unscathed.

[buddenbrook1] 05/8/2024 10:39

I doubt it. This is holding up quite well.

[baldrick1] 05/8/2024 09:02

Last time I bought at 50p and sold out at 63p..are we going to see 50p yet again ???

[kaos3] 01/8/2024 08:10

i think we are witnessing kind of miners S curve in action

eg ... a fall in between discovery and new mine producing.

slp is not earning much on their current operations and is building a new processing at the same time ... we could probably see downward channel continue for some time - until pgm rises and the new facility starts to deliver

basically 25 % of their profit should come from 100 million cash ....

a share price down fall which many of us - who follow for a long time and understan - will use as an opportunity

it looks to me - that tharisa model is being copied by many

[makinbuks] 31/7/2024 16:37

Note in Simon's piece that cash is expected to fall to 19p per share in the next 12 months due to CAPEX and additional working capital requirements. I would like to buy more but is it greedy to look for 50p?

[alan@bj] 31/7/2024 15:06

Simon Thompson has written a piece in Investors Chronicle today. The heading is:-
A smart way to play record chrome prices
South African producer is available at a bargain price and its recovery potential is underrated.

[kennyp52] 31/7/2024 14:58

Justice ... don't doubt it but one word is the problem ... "will" ... needs to change to "is". Markets are difficult to convince !

[justiceforthemany] 31/7/2024 11:34

The joint venture will double EBITDA.
Chrome is selling for $300 a tonne.
The JV will produce 400,000 tonnes a year!

[muffster] 31/7/2024 09:11

Agree KennyTime to average down, maybe we get below 50p again.

[kennyp52] 31/7/2024 08:35

Period of uncertainty . Could keep dropping from here . Still holding but the share performance has been abysmal lately. How much is diversification going to cost ? JLP are spending a small fortune to achieve it .. SLP are trying to follow it seems. I will average down if this drops significantly more as the MCAP of £143m is low for a company with so much cash and producing decent quantities. Need a rise in PGM price also but whilst other traditional platinum miners with higher AISC are closing you would expect the price to rise. Not a great update for me .

[juuunx2] 31/7/2024 08:19

Good time to add and wait. Decent update, plenty of cash and looking to diversify their business.

[justiceforthemany] 31/7/2024 07:21

>Half market cap is in cash.

[masurenguy] 31/7/2024 07:13

Excluding net cash balances the EV is just £70m for a company with projected sales of £130m next year. The Panmure Liberum forecast for next year is that eps will be 7.8p, which constitutes a PER of only 7 plus a yield of 7% if the dividend remains at 4p. What's not to like ?

[muffster] 31/7/2024 07:08

Ok results, not growing though. All depends on metal prices.May grow in future. I'll hold for now

[bountyhunter] 31/7/2024 07:07

Cash balance as at 30 June 2024 of $97.8 million

[justiceforthemany] 31/7/2024 07:02

Joint venture on track.
Revenue and profit to rise from March.

[kaos3] 31/7/2024 06:55

sounds ok to me

[creditcrunchies] 31/7/2024 06:29

Trading update is out already this morning

[husbod] 30/7/2024 21:41

Time to restart the buy backs

[justiceforthemany] 29/7/2024 16:40

Rogue manipulation and yes you can't trust the buy and sell data.

[greyingsurfer] 29/7/2024 14:48

No, the AAZ fall is due to the change continuing failure of govt authorities to finalise approval of the tailing dam raise. Work has been stopped for months. A month ago formal approval was said to be granted, awaiting a final signature, 2 weeks ago it was imminent, today no news. Once it arrives there will be a significant reversal.