Tharisa Share Discussion Threads

[paleje] 27/11/2020 10:34

Logical mfh, but peeps and especially trader peeps, run a mile from results time and then, after good results, an extra mile just to be certain:)

[mfhmfh] 26/11/2020 18:56

Interesting numbers regarding THS:

They are quoting 16-17c EPS for the whole year which is about 12p.

But they only made 3.6c by the half year which is 2.69p.

So in the 2nd half they made around 9p EPS.

If they make 9p EPS for the first and 2nd half of next year that gives an EPS of 18p. A PE ratio of 12 gives a share price of 216p (18 × 12).

But the 2nd half was impacted by mine closure due to Covid-19 and PGM prices are higher so they should make more than 9p EPS for both halves of the year.

200p should really be a baseline share price and even then it would be discounted.

All IMHO.

Friday last day to buy before results.

[mfhmfh] 25/11/2020 12:06

hopefully the 283,090 shares sold yesterday at 84.11p cleared the seller.

87p being paid today.

[spooky] 24/11/2020 10:17

Seller goes they go to 1.20 IMO, seller hangs around..............

[daz] 24/11/2020 08:52

EPS for H1 was 3.6c, so they've had a very strong H2. The full results will have more detail on whether any exceptionals contributed but on the face of it, if the momentum continues FY 2021 should be very good.

[bubloo] 24/11/2020 08:05

great eps is in it.

[ukgeorge] 24/11/2020 08:04

Surely a run up to £1, there does not look like there is much resistance on the chart

[paleje] 24/11/2020 08:02

So 12-13p/share through a difficult period. Reasonable to think that might improve as the global economy recovery from the pandemic gets underway. Too cheap.

[ukgeorge] 24/11/2020 07:24

News out, earnings expected to be 16/17 cents per share up 300/325% from the previous year.

[ukgeorge] 23/11/2020 21:02

Rhodium prices continuing to do very well fingers crossed the next results reflect the high prices

[bubloo] 19/11/2020 23:18

thx spooky

[spooky] 19/11/2020 10:39

Its not easy to find chromium prices partly because it is traded in so many types/grades. I use Bloomberg.

[ukgeorge] 18/11/2020 17:20

nice little move, hopefully will be back to a pound soon

[bubloo] 17/11/2020 22:31

where can we get the chromium prices spooky

[ukgeorge] 17/11/2020 16:03

i've just bought 9k in two lots at 78.94p roll on your 150p target

[fernagx] 17/11/2020 15:48

Yes this should be around the 150 GBX mark

[spooky] 17/11/2020 10:13

The shares look much too cheap to me even with Chromium prices still weak.

[paleje] 09/11/2020 15:34

Trading update in a couple of weeks if they copy last year, and results soon after.

[ukgeorge] 09/11/2020 10:14

Platinum, palladium and rhodium all doing pretty well at the moment, should be a good recovery over the months ahead. Sadly haven't got much spare cash to put in these.

[ukgeorge] 26/10/2020 15:54

i just bought 3756 @ 76.9p

[mfhmfh] 12/10/2020 14:31

80p being paid

[sharpshare] 12/10/2020 09:38

Rhodium price today

USD 13500 per oz

per



THS produced 13,5000 oz of rhodium in the last financial year.
At today's prices that is worth about USD 182.25 million

As THS produces a concentrate they get about 81%? of this value.

This year the guidance is for about 14% more PGM's so about 14700 oz of rhodium.
Bonanza time!

THS is wisely using some of the extra cash flow to pre strip the open pit and upgrade recoveries to reduce costs, increase revenue and boost profits in the future.

[sharpshare] 12/10/2020 09:24

The Vulcan plant will turn a waste stream of chrome tailings into a revenue stream of chrome concentrate.
So when the Vulcan plant is operational we can expected extra annual revenue of about 380,000 tons at USD 140 per ton meaning USD 53,200,000.
opex 380,000 tons at about USD 4.16 per ton for USD 1,580,800
Transport costs to customers in China around USD 63 per ton costing USD 23,940,000

So extra gross profit per year from this plant around USD 27,680,000
Open pit life about 12 years, then underground of over 20 years (depending on prices then)

So gross profit from this one investment over next 12yrs is about USD 332,160,000
Market cap today at 77p is about USD 266,000,000

If we apply a multiple of around 5 on this extra profit it is worth about USD 138,400,000 or about 40p per share extra.

The Vulcan plant will increase margins significantly and reduce the risk of mine closure if chrome prices drop so enhancing the value of the entire mine.

[mfhmfh] 12/10/2020 09:24

Re: PGM bonanza mentioned in the last RNS.

Palladium looking strong. Rhodium bouncing back.