[ADVERT]
Share Name Share Symbol Market Type Share ISIN Share Description
Tharisa Plc LSE:THS London Ordinary Share CY0103562118 ORD USD0.001 (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -3.00 -3.0% 97.00 96.00 98.00 101.00 97.00 100.00 390,143 10:23:17
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 279.0 9.1 3.3 33.5 259

Tharisa Share Discussion Threads

Showing 851 to 873 of 1050 messages
Chat Pages: 42  41  40  39  38  37  36  35  34  33  32  31  Older
DateSubjectAuthorDiscuss
28/6/2021
16:53
Just to note that South Africa has entered into a new phase of Level 4 restrictions, to try and limit the spread of the latest wave of Covid. This doesn't directly affect miners, but many service industries are being forced to close for the next two weeks, so more suffering for the ordinary people. Vaccination rates are still very low in SA. Rhodium and other PGM prices have improved slightly today, and I wonder if that's not a reflection of market nervousness about SA supply. It's one thing for a mechanised open pit miner like Tharisa to put in place health safety measures. But how do you do that effectively if you are a labour intensive deep miner, like many of Tharisa's competitors? it's next to impossible.
tigerbythetail
27/6/2021
17:35
DarkStar has a point, PE of 2/3 is silly - so 1.5 isnt that much sillier! Price is irrelevant, look to the value....
rjmahan
26/6/2021
21:47
Gap to close at 79.5p. Gaps nearly always close!
dr darkstar
24/6/2021
09:48
As regards rhodium supply and demand, and thus its price, here's some good news. Chip supply for automobiles, which has been constrained and which has (quite severely) limited worldwide automobile production, is slowly returning to normal. www.digitimes.com/news/a20210623VL201.html This should lead to increased demand for rhodium in the second half of this year (as 90% of rhodium demand is automotive) and support its price. Also, another phase of the China 6 emissions regulations kicks in on July 1st, which should also be price supportive. I'm not sure where the rhodium price will settle for the next few months. Its volatility is incredible. But I still think there is an implicit "floor" of around five times the price of an ounce of palladium - which would currently imply a floor of around $13,000 / oz. At this rhodium price Tharisa would still be highly profitable and woefully undervalued. What's spooking the market, IMO, is memories of the rhodium price collapse ten years ago. But the market for PGMs was completely different back then, and I don't see that almost vertical drop repeating. Rhodium supply is still limited, and its demand firm and underpinned by legally-binding emissions regulations.
tigerbythetail
24/6/2021
08:09
Good posts guys Keep the faith
basem1
24/6/2021
04:27
AimSurfer - to try and answer your question what PGM price do they break-even, it's best to use the most recent 2021 Interims Ending March 2021: PGMS PGM Cost of Sales: $96.812m (based on Forex 15.3) With PGM Oz of 75,100 Oz, the all-in cost per oz for PGMs is $1,289oz With ZAR strengthening to 14.3, the all-in cost is likely now $1,379oz, however production should increase in 2nd half (85k to counter ZAR strength and increased diesel prices). I call it "all-in cost" rather than AISC (All-in including for Stay in Business Capex), because using the cost of sales metric from interims includes for D&A and impairments (non-cash costs). Simplistically this broadly mirrors the SIB Capex. Based on the current 6E PGM basket ($3,225oz) and minus refiners fee of circa 13-15%, the THS PGM sale price is circa $2,800oz. So there is still a very large margin of $1,400oz x 160k oz (annualised, not taking into account planned increase to 200k oz over 2yrs or so) = $224m. CHROME You can do the same number crunching on Chrome using Interims. But to summarize, using $155tn Chrome, all-in cost of $105tn, I calculate margin of $63m for Chrome based on 1.5m tonnes. Post Sept 2021 for FYE Sept 2022, THS should have annualized 2MT chrome thanks to Vulcan project. AS the operating cost of Vulcan is very low (it was stated in one of the investor calls but can't remember off top of my head), pro-rata basis with 2MT chrome, this should significantly lower all-in cost per tonne and increase margin to $95-100m based on $155tn Chrome. So not including the Marketing and Agency arms which bring in small profits of circa $2m nor future growth prospects in Zimbabwe expansions, SA THS vertical expansions/ refining initiatives, we're looking at margin of $287m - $324m, albeit once you take into account SA Tax and the THS Non-controlling interest (BEE), you're looking at post-tax margin of $172-192m (albeit depends how accountants crunch numbers on D&A etc.), when THS current market cap £338m ($473m). So THS still on a paltry PE of 2.5 - 2.75 even with softening of PGM basket, when it has a 50+yrs life of mine (14yrs open pit + 40yrs underground)!
redtrend
23/6/2021
22:43
What an intelligent post Feynzz, just so.
sotolo
23/6/2021
22:42
What an intelligent post Feynzz, just so
sotolo
23/6/2021
18:34
Hi sipps, The Pouroulis family owns >40% of the shares in the company so I don't think your statement about no skin in the game is correct. The company has done at least 2 Investor Meet presentations in the last 3 months and the message of growth is very clear. Investing c$50m on the Vulcan plant this year which would increase chrome production by 25% at a variable price of $10/t. They have also said that they are working on building an in-house smelting complex so that from the end of next year they can refine their own metals which would enable them to save the 15% they currently pay to refiners. In addition, they will ramp up their PGM production to 200k PGMoz in the next 18 months. I agree the basket price has fallen quite a lot but it is still greater than the H1 average when they made a $60m NPAT on a 75koz PGM production. Production for H2 should be greater than 80koz. The main thing to wait and see is where Rhodium settles. If it can settle around the $14k mark that would be excellent for Tharisa.
feynzz
23/6/2021
17:55
Sotolo - reasons for selling.. Directors - not enough skin in the game. Small investors - no protection / news / rns / placings - to combat Fidelity selling. Future outlook - company failure to promote growth, margins, investment etc. I felt they are relying too much on now historic profit that may not guarantee share price rise .. a lack of confidence in the company is stopping new investors taking a new position. I need to see sentiment improve before I'm back in... good luck
sipps
23/6/2021
15:23
At what PGM price do they break-even?
aimsurfer
23/6/2021
14:56
I think that something stopping investors buying might be the now 25% fall in price they get for PGM’s which of course still cost the same to produce, and the worry this may go far further, so you are probably wise to sell out to Lucky and me who are bravely or maybe foolhardily pLaying at catching knives, buying and getting sore hands
sotolo
23/6/2021
14:56
I think that something stopping investors buying might be the now 25% fall in price they get for PGM’s which of course still cost the same to produce, and the worry this may go far further, so you are probably wise to sell out to Lucky and me who are bravely or maybe foolhardily pLaying at catching knives, buying and getting sore hands
sotolo
23/6/2021
13:34
I'm out now - was my largest holding - but just did not like the lack of support - its like something is stopping investors buying THS - good luck all holders -
sipps
22/6/2021
08:15
R24.29 (current price) is £1.22.45 Yesterdays low open can partly be explained by the fall there. Roll on sentiment moving back to being positive. After all we have had a long spell of exceptional metals prices even if Rhodium has declined a bit recently.
ukgeorge
22/6/2021
07:32
Tharisa up 5.1% on JSE South Africa Market yesterday 21st June ... Need UK to catch up and start to see value on offer ...
sipps
21/6/2021
22:02
Tiger, great to find you here, I wondered where you had gone. I sold more Cey a week ago, and bought more Tharisa with the money this morning in two trances as could only buy £30k at first. Where do you see rhodium going? Glad you are busy again. All best
sotolo
21/6/2021
18:48
I suspect tomorrow will be an up, with Palladium rising today 4% in Dollar terms. I notice Sibanye Stillwater SBSW (a PGM producer) on the US market already rose today by 3.4%. As I mentioned earlier THS is dropping in to an oversold position re the RSI graph. China is still a price taker, rather than a fixer despite its efforts first to control/contain imports and then releasing stockpiles, none of this works in the near to long term; the market will decide the price.
nimrod22
21/6/2021
09:37
I wish they would announce a share buy back scheme or an extradornary dividend. I know it is unlikely. Also hoping the correction in precious metals is over.
ukgeorge
19/6/2021
10:46
Tiger--I followed your posts on LSE--glad you are here.
dr pinkstone
18/6/2021
15:10
TBTT is back from the dead and the share price starts to recover. Order is restored!
jon4567
18/6/2021
14:26
Hi! I've previously posted on the LSE board. However, my account got suspended permanently over there thanks to some of the rampers on the LSE EUA board. (If ever you wanted to make an argument against the SIPP freedoms - the freedom to invest your own pension money as you see fit - that board would make a good place to start.) Since people are asking, I just wanted to say that I still hold a lot of THS shares (and a lesser number of SLP shares), and I'm buying in the current dip. I'm also completely overloaded with work, so I won't be posting very much for the next few weeks!
tigerbythetail
18/6/2021
14:01
Just need to be patient and let value out. THS is a cash cow currently and have been for months, like most of the miners. Metal prices are volatile, China are messing about which will impact pricing short term. But supply and demand will correct medium/longer term pricing levels..
haywards26
Chat Pages: 42  41  40  39  38  37  36  35  34  33  32  31  Older
ADVFN Advertorial
Your Recent History
LSE
THS
Tharisa
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20210917 02:16:54