Tharisa Share Discussion Threads

[scubadiverr] 31/1/2023 14:56

And there was me thinking the seller was finished. I'm guessing the MMs have just let this rise on the back of the tip

[dunns_river_falls] 31/1/2023 09:50

Moving up nicely today. Hopefully selling has dried up and we can get back to £1.50 asap as a minimum

[tigerbythetail] 30/1/2023 16:52

Actually, the selling pressure seems to be easing up here.
(I hope! - To be confirmed when we hit 150p!)
SLP delivered another excellent quarter this morning. They're a good company - it's just it's too much of the same kind of risk (PGMs and South Africa) for me to hold both. And THS offers better value and better growth.

[moneyman50] 27/1/2023 16:25

Nothing seems to move this shareprice-we have a much higher chrome price and much lower shipping costs for one .PGMs are down today (normal Friday afternoon stuff ) and general consensus appears to be PGM prices will not fall significantly due to production difficulties and increasing demand for Platinium.Brokers target shareprice north of £2.50.
Yet we are still stuck around £1!

[tigerbythetail] 27/1/2023 16:23

Yes, comparison to Serica bizarre, to say the least. Thankfully!

[1jbrisky] 26/1/2023 10:18

Nigelpm
With respect, Tharisa is nothing like Serica. THS is well managed by a BOD who communicate their goals effectively. Whatever the eventual outcome with the current Serica "merger", the BOD there have failed abysmally to communicate the situation at all.

[nigelpm] 24/1/2023 16:48

Similar to Serica - crazy valuation but will re-rate in time.

[tigerbythetail] 24/1/2023 10:28

Entirely predictably, the seller is offloading into yesterday's rise.
The question is, when will they be finished?
The undervaluation here is absurd. But that doesn't mean it can't continue for some time yet!

[casholaa] 23/1/2023 18:42

https://www.youtube.com/watch?v=EmAAaXI8riY

[ntv] 23/1/2023 18:14

Chrome $280

[tonytyke2] 23/1/2023 10:43

News on SharePad this morning indicates Berenberg have upped their price target to 270p from 250p 'buy'.

[lennonsalive] 23/1/2023 09:52

All those buyers and it ticks up just a little.

[ntv] 20/1/2023 08:28

Chrome rates look to be over $275 at the moment with freight rates falling considerably
Got to be helping margins and cash generation

[tigerbythetail] 18/1/2023 09:59

Well, my speculation is that the former BEE partner in Tharisa mine is selling off at least some of the shares in Tharisa parent company that they were granted in the corporate reorganisation last year.
I've got no hard evidence to back this up. It's just a hunch.

[sotolo] 17/1/2023 17:05

Yes more people selling than buying makes prices fall. The question is why there are?

[nakedmolerat] 17/1/2023 14:13

must be a seller who is keeping this down?

[ntv] 16/1/2023 17:27

Chrome $270
Pgm's $2333

[nigelpm] 16/1/2023 13:46

It's the Zimbabwe concern - I have no doubt about that.

[themadstork] 16/1/2023 13:44

Not sure who else could be selling such a large cumulative amount; 10m+ shares over the last few months by my count. Fundamentals look very solid here, despite my concerns over investing in Zimbabwe vs returning cash to shareholders, so I've upped my holding considerably over the last week or so.

[tigerbythetail] 16/1/2023 10:05

SLP market cap has just risen above Tharisa's again. Which, with all respect to SLP, is crazy.
Question: does anybody think that it is Tharisa's former BEE partner who are the seller here? Was the point of giving them shares in the parent company to enable them to reduce their holding?

[ntv] 13/1/2023 13:01

https://twitter.com/tharisa_sa/status/1613446307011780608

[tigerbythetail] 11/1/2023 09:38

SLP is a good company, and it has been good to me. But I agree that it is not a particularly interesting investment at its current price and with its current prospects.
(BTW, SLP does of course produce a lot of chrome. It just gives it away for free to its "host miner" partner).
THS is objectively a much bigger company - about twice the production of PGMs plus large volumes of chrome + the Karo build.
That SLP currently has a similar market cap to THS is objectively bonkers. And I write this as an SLP admirer.
I have to agree about JLP - too much Colin Bird (still). (And don't think Leon Coetzer hasn't learnt many lessons from the old master of AIM!).

[1jbrisky] 11/1/2023 08:51

Sotolo,
I agree entirely. The fact that the SLP share price is even within 20% of ours, let alone in front, is short term crazy.
I posted similar a few months ago. I have until recently, always been invested in both companies (but never, by the way JLP, I have a Colin Bird aversion) but I now view SLP as a mature business and I'm no longer invested. Karo gives us the opportunity to pretty much double the size and profit of THS within the next 2 years and in my view is very much a growth company.
Chrome sales and the margin of error given the share price mitigate any Zim geographical risk. The short term reduced Divi is what many are clearly steering clear of but over 5%, and very safe, is decent.

[sotolo] 11/1/2023 08:33

Not a silly question.
A. We are very roughly around half profit chrome now, with the rising chrome price SLP is all PGM
B. Their basket is worth about 15% more as 60% rh while we are 50%
C. We only give 17% of profit dividend while they give far more hence higher value
D. BUT we are a potential growth company as we are using the rest of the profit to the build the new Karo mine in Zimbabwe, which will dramatically increase PGM output
E. So we are diversified in PGM and Chrome with a very long lif mine and Karo coming along while SLP is a wasting asset
Overall I would say while SLP is jam today we should be a lot of jam tomorrow if all goes right, a growth company with greater share potential of behind SLP temporarily in this time of very high and risky investment.
Anyone else do say me wrong

[robizm] 11/1/2023 07:40

Silly comparison as slp does not produce chrome.