Sylvania Platinum Share Discussion Threads

[wsm812] 04/11/2024 13:37

An extract from the Edison report:

Sylvania delivered a 12% increase in Q125 production compared to Q424 and, with an average platinum group metals (PGM) basket price only slightly down, delivered a 10% increase in revenue. The company is guiding for FY25 production of 73,000–76,000oz. Costs were well controlled with South African rand (ZAR) direct operating costs 3% higher and US dollar costs up 6.5%. Attractive unit cost efficiencies of 5% to 8% were delivered. With results largely in line with our expectations, our forecasts remain unchanged. Our valuation has increased by 3.3% to 109.3p/share, affected by a weaker sterling exchange rate versus the dollar.

Ok, so we only JUST under half of their valuation today! Haha

[kooba] 04/11/2024 12:48

hTTps://www.edisongroup.com/research/healthy-production-recovery/34107/

[bountyhunter] 31/10/2024 18:53

XD today but finished flat, so a small gain of 1p/share

[buddenbrook1] 30/10/2024 10:32

I think there has been a seller here for a while, although hard to tell with the AIM churn. Due a re-rate at some point though

[pooldar] 29/10/2024 14:47

Looks like there's consistent seller in the background with all the buys the price remains almost static.

[kaos3] 29/10/2024 13:58

consistent buying for cca 2 weeks. but who is selling?

i hardly wait for them to start BBs again. it is a sign of doing well, even before it is reported in regular reports. meaning they are confident and the price is good.

Following them, they were always reasonable.

Plus - if there is a major stock market distress I hope they will be using major proportion of their cash to use the rare opportunity.

[baldrick1] 29/10/2024 12:45

Is it 31st this become ex-dividend???

[wsm812] 29/10/2024 10:39

Lots of buys today

[baldrick1] 29/10/2024 10:33

Yeah 60p not too ambitious. Perhaps we should be buy8g at 40p to increase margin.

[zangdook] 29/10/2024 10:27

60p isn't very ambitious

[davebowler] 29/10/2024 08:48

Panmure LiberumFollowing a challenging H2 FY24 due to strike action and lower grades / recoveries, operations were back on track in Q1 FY25, with 4E PGM production of 19.2koz (+12% vs Q4 FY24 and 1% vs PL est.) and the full year guidance of 7376koz has been reiterated. Thaba JV is "on schedule", with first production to commence in H2 FY25. BUY rating and 60p target price maintained.

[spawny100] 29/10/2024 07:55

Hi looking with interest at this one. Is there withholding tax on dividends please for UK holders?

[bountyhunter] 29/10/2024 07:52

Decent results vs last quarter given the basket price with costs reduced and chrome production to look forwards from next year. Cash balance $94.7m vs market cap of $158.

[kaos3] 29/10/2024 07:23

respect for costs reduction in this environment

[masurenguy] 29/10/2024 07:06

First Quarter Report to 30 September 2024

Sylvania (AIM: SLP) announces its results for the three months ended 30 September 2024. Unless otherwise stated, the consolidated financial information contained in this report is presented in United States Dollars.

Highlights
· Sylvania Dump Operations ("SDO") produced 19,160 4E (24,549 6E) PGM ounces in Q1 FY2025, a 12% increase quarter-on-quarter (Q4 FY2024: 17,067 4E (21,896 6E) PGM ounces);

· SDO recorded $21.9 million net revenue for the Quarter (Q4 FY2024: $20.6 million);

· Group EBITDA of $3.3 million (Q4 FY2024: $2.8 million);

· Cash balance as at 30 September 2024 of $94.7 million (30 June 2024: $97.8 million);

· No Lost-Time Injuries ("LTIs") occurred during the Period;

· Thaba Joint Venture ("Thaba JV") project is on schedule to commence first production in HY2 FY2025 with all phases of construction of the chrome and PGM beneficiation plants progressing well; and

· The Competent Person Report for the Volspruit Scoping Study was finalised in August 2024 and indicates an increased pre-tax net present value ("NPV") to $69.0 million (2022: $27.3 million) for a 14-year life of mine ("LOM").

Outlook

Cold commissioning and first PGM and chrome production from the Thaba JV are on schedule and expected during Q3 and Q4 FY2025 respectively;
Performance enhancement initiative commenced at Lesedi in August 2024 and will continue into Q2 FY2025;

Annual production target of 73,000 to 76,000 4E PGM ounces for FY2025 remains unchanged;

A geophysical survey proposed to cover the entire strike length of the Aurora project to assess both the continuity of the mineralisation as well as to gain a greater understanding of the structural setting of the area will commence in Q2 FY2025 with results expected in Q3 FY2025;

The Group maintains strong cash reserves enabling it to balance the requirement of sustaining capital (new tailings storage facilities ("TSFs") and strategic and improvement projects), expansion and process optimisation capital (new Thaba JV project and studies aimed at optimising value of the Group's exploration assets), as well as potential shareholder returns;

A final dividend of one pence per Ordinary Share for FY2024 was declared, bringing the total dividend for FY2024 to three pence per Ordinary Share; and
The Annual General Meeting (AGM) is to be held on 29 November 2024.

Commenting on the results, Sylvania's CEO, Jaco Prinsloo, said:"I am pleased to report that the first Quarter of FY2025 year has yielded strong results in line with our expectations, achieving 19,160 4E PGM ounces by the SDO, a 12% increase from that recorded in Q4 FY2024. Although the average 4E gross basket price decreased by 2% in USD terms and 5% in ZAR terms, the increase in production ounces recorded during the Quarter resulted in stronger profits compared to Q4 FY2024. On the cost front, Group cash unit cost improved 8% and 5% in ZAR and USD terms respectively, assisted by higher PGM ounce production while direct costs remained aligned with the previous quarter in ZAR terms, benefiting from management's continued focus on disciplined operational and cost control initiatives. Both the build phase and the operational readiness planning for the Thaba JV is running according to plan. The majority of the operational team will start with induction and training during November 2024 and cold commissioning is on track for Q3 FY2025.

Despite the continued macro-economic challenges, I am pleased with the significantly improved production performance of the SDO and Group results in general for Q1 FY2025. This is especially promising as we have been seeing a gradual improvement in the PGM basket price in recent weeks, which bodes well for potential increased profitability going forward. I would like to take this opportunity to thank and congratulate the various management teams on their outstanding efforts during the Quarter."

[kaos3] 28/10/2024 16:24

platinum vs silver chart at the 25 y low
[...] /price-ratio/platinum/silver/25year/
both industrial

[pooldar] 28/10/2024 16:22

Ex div date 31/10/24 1p.

[baldrick1] 28/10/2024 15:43

Going down again towards 45p support??

[dosser50] 28/10/2024 14:42

In for a few more.

[pooldar] 28/10/2024 14:11

Oversold now in buying territory, Rho is down to around 4700 but that could go up anyday not sure if there is any other reason.

[bountyhunter] 26/10/2024 18:42

Yes an interesting upturn in the Palladium price..

[kaos3] 24/10/2024 17:18

makes me confused again

russia said it will start buying palladium and silver and platinum .... which pushed me over to start buying slp ... among other things ....

and now G7 says we will not buy theirs palladium... which russians are buying themselfs anyway and so they are not selling it

go figure who is crazy ...

and who is leading and following

[kooba] 24/10/2024 15:21

Palladium Soars After US Seeks Sanctions On Russian Exports, Goldman Warns Of Gamma Squeezehttps://x.com/zerohedge/status/1849470948434383155?s=46&t=od-6fnUs7hQUE-xwfonvpQ