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SLP Sylvania Platinum Limited

42.00
-2.00 (-4.55%)
13 Dec 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Sylvania Platinum Limited LSE:SLP London Ordinary Share BMG864081044 CMN SHS USD0.01 (DI)
  Price Change % Change Share Price Shares Traded Last Trade
  -2.00 -4.55% 42.00 705,619 16:35:04
Bid Price Offer Price High Price Low Price Open Price
42.00 44.00 44.00 43.00 44.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Miscellaneous Metal Ores,nec USD 81.95M USD 6.98M USD 0.0265 16.23 115.99M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:35:04 O 4 44.00 GBX

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Date Time Title Posts
12/12/202420:20Sylvania Platinum 9,042
26/4/202413:34Sylvania Platinum (formerly Sylvania Resources - SLV)1,609
13/10/202311:28Sylvania Platinum9
30/11/202110:44Waiting game-
16/8/202013:26SLP Website doesn't respond14

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Sylvania Platinum (SLP) Top Chat Posts

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Posted at 14/12/2024 08:20 by Sylvania Platinum Daily Update
Sylvania Platinum Limited is listed in the Miscellaneous Metal Ores,nec sector of the London Stock Exchange with ticker SLP. The last closing price for Sylvania Platinum was 44p.
Sylvania Platinum currently has 263,610,514 shares in issue. The market capitalisation of Sylvania Platinum is £113,352,521.
Sylvania Platinum has a price to earnings ratio (PE ratio) of 16.23.
This morning SLP shares opened at 44p
Posted at 06/12/2024 09:47 by rabiddog
I bought at the last drop to 41p…didn’;t think I’d see it revisited again. Slp usually mainly driven by the rhodium price which is all about catalytic converters..trump should make sure there’s going to be continued demand next few years
Posted at 03/12/2024 11:25 by bearnecessities33
Undeniable value here, another unique market opportunity here now in SLP share price at the moment with multibagger potential overtime!
Posted at 06/11/2024 14:37 by stemis
I don't think it would take much to move the price. The previous time I bought SLP, the price was 43p and it had cash of 9.3p/share ($33.8m). It now has cash of 28.3p/share ($94.7m) and the share price is 49.5p so the actual business is 37% cheaper...roughly.
Posted at 29/10/2024 07:06 by masurenguy
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."
Posted at 11/9/2024 13:08 by rcturner2
The same argument has been made for the last 3 years all the while the share price has stunk out the place. The idea is to buy shares where the price rises.
Posted at 10/9/2024 15:59 by oliver_m_j
Simon Thompson at Investors Chronicle is now encouraging readers to sell SLP: I feel that the share price could continue to slide as investors react to lower dividend expectations, materially higher capital expenditure plans and a lower cash pile that will negatively impact the group's enterprise valuation. I am also becoming concerned that despite PGM prices being firmly in the cost curve, major mining groups have yet to restrict supply to tighten the underlying supply and demand balance in the market and force original equipment manufacturers (OEMs) to change their inventory management. Sell.
Posted at 01/8/2024 08:10 by kaos3
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
Posted at 21/7/2024 16:47 by rachael777
I wasn’t looking to cause any fuss - share price doesn’t religiously follow basket price. It was just an innocent observation. Where miners are concerned I tend to not really have a long term view of them as I feel they are generally hostage to the underlying spot prices so long term views are difficult to reconcile with short term spot prices. I guess it wouldn’t surprise anyone to know that I was in SLP at 63.55, 61.15 and 56.6 then reduced at 64.32 and 64.55 to be completely out now. If the share price shows a disconnect with the underlying spot prices I will of course be back in lol
Posted at 24/6/2024 09:35 by rachael777
So 24/5 platinum was 1031, palladium 983 and rhodium 4725 - roll on to current and platinum at 1011,palladium 1008 and rhodium 4750. Share price for slp was 70p a month ago so we are currently down 15% against a basket price that has recovered its poise and a political environment risk that has also been reduced - surely all things being equal SLP looks set fair to rally back up from here ?
Posted at 31/1/2024 19:24 by meanreverter
LeopoldAlcox: The answer is that, if you wait for metal prices to rise, the share price of SLP will have gone up with them. In fact, the beta of metal producers against the basket of metals they produce is well above 1 (typically more than 2), because their prices are based on profits rather than revenues. Also, share prices tend to anticipate metal prices. If you think that PGMs are going to recover any time soon, then buy now; otherwise, stay clear. In the latter case, if you are right, pounce when the market in the shares makes you an offer you cannot refuse.
Sylvania Platinum share price data is direct from the London Stock Exchange

Sylvania Platinum Frequently Asked Questions (FAQ)

What is the current Sylvania Platinum share price?
The current share price of Sylvania Platinum is 42p.
How many Sylvania Platinum shares are in issue?
Sylvania Platinum has 263,610,514 shares in issue.
What is the market cap of Sylvania Platinum?
The market capitalisation of Sylvania Platinum is GBP 115.99 M.
What is the 1 year trading range for Sylvania Platinum share price?
Sylvania Platinum has traded in the range of 40.50p to 77.00p during the past year.
What is the PE ratio of Sylvania Platinum?
The price to earnings ratio of Sylvania Platinum is 16.23.
What is the cash to sales ratio of Sylvania Platinum?
The cash to sales ratio of Sylvania Platinum is 1.38.
What is the reporting currency for Sylvania Platinum?
Sylvania Platinum reports financial results in USD.
What is the latest annual turnover for Sylvania Platinum?
The latest annual turnover of Sylvania Platinum is USD 81.95M.
What is the latest annual profit for Sylvania Platinum?
The latest annual profit of Sylvania Platinum is USD 6.98M.
What is the registered address of Sylvania Platinum?
The registered address for Sylvania Platinum is CLARENDON HOUSE, 2 CHURCH STREET, HAMILTON, HM11.
What is the Sylvania Platinum website address?
The website address for Sylvania Platinum is www.sylvaniaplatinum.com.
Which industry sector does Sylvania Platinum operate in?
Sylvania Platinum operates in the MISCELLANEOUS METAL ORES,NEC sector.

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