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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
  1.50 1.45% 105.00 103.00 107.00 105.00 103.50 103.50 268,267 12:39:53
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Mining 442.8 137.5 27.8 3.1 314

Tharisa Share Discussion Threads

Showing 851 to 874 of 1525 messages
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I use Barclays Jon. Shame its not on IG, worth checking with them to see if they can include THX on to their platform. Also still a relatively new listing on LSE only having dual listed 2 weeks ago - partly one of the reasons this is not on the radar of many retail investors yet. But it won't be for long as I expect this to become a retail favourite in due course.
Which broker do you use? THX isn't listed on IG
Hi TBTT - Good to see you here, your posts on LSE are sorely missed! i know you like your commodities and gold plays. I recommend looking at THX (thor Exploration). It recently dual listed on LSE having been on the Canadian Stock Exchange for several years. Their flagship project Segolila in Nigeria is now finishing construction and due first pour in 2 weeks. Fully funded with new partners Africa Finance Corp providing the $48m debt in the $98m total financing package including an equity stake of 17% and prepayment for gold. The AISC is only $685/oz making it one of the best margin gold plays around. 2021 Production guidance of 40koz and 2022 guidance full year of 100koz. EBITDA at $1685/oz this year should be around c$40m and next year (full year) over a $100m. Canncaord expects them to start paying a div end of next year once the debt is repaid and given the cash cow it will become. Reserves of 517koz so currently a 6 year mine plan but drilling underway and expected to significantly improve resources/reserves as they hold a 930km licence area with significant potential. There are two other assets in West Africa. The Douta Project in Senegal (70% owned with option to increase to 100%) that is undergoing a fully funded drilling program with maiden resource/reserves estimate due in Q3 2021. Strong grades seen to date. The final project is the 100% owned Central Hounde project in Burkina Faso where recently THX acquired the remaining 51% ownership from Barrick Gold. Strong management with skin in the game of 9% holding, with a CEO who is an absolute trooper and highly regarded! Strong institutional support as well. Currently totally under the radar given the only recent LSE listing a couple of weeks ago. Exciting 6 to 12 months ahead as they transition from explorer to producer with stellar assets, a cash flow cow in the making and a very ambitions CEO! Worth a look and some research in my opinion!
This was posted on LSE - thought it was worth repeating here: The company posted on twitter yesterday Our revenue and gross profit margins are currently at 41%. The contributing factors attributed to these results are: increased sales volumes and the PGM basket price. #PGM #THS @PGMNet Q3 production results should be tomorrow. Looking forward to them...
Just to let shareholders and prospective investors know that Tharisa, CentralNic Group plc and Immotion will be presenting at Mello Events webinar event on Monday 12th July at 5:30pm-9:30pm. There will also be interviews with Fund Manager, Philip Rodrigs and CEO of Tandem Group plc, Jim Shears. There will be over 600 investors attending and these are very popular shows with company presentations, fund manager and investor interviews, and panel sessions including the popular Mello BASH (Buy, Avoid, Sell or Hold). Tickets are still available and if you would like one at half price then enter the code MMTADVFN50. Https://
move to another provider. Hoping for a steady rise back towards £1.50 shouldn't be too difficult with metals prices holding up pretty well.
HSBC worse than useless-still freezing my Tharisa holding as the company register has now been moved to Cyprus.Have not paid my dividend and helpfully informed me they will endeavour to keep me up to date with future developments.They might give me access to my holding one day but they can’t say for certain or when They are supposed to be one of the World’s leading bank but seem unable to trade a share listed on the main London Stock Exchange.!
Hi Sotolo! I'd agree that THS isn't "cool" right now. Trading volumes have always been low, and now they've dropped even from that level. I don't know what Tharisa needs to kick it into life - maybe some surprising piece of good news (completion of Vulcan plant? Karo update?); maybe the share being tipped somewhere; maybe a confirmation that the institutional selling has stopped; maybe (finally) the annual results due in November and the next dividend. I suppose it all comes down to that old adage "price is what you pay, and value is what you get". And you do get a lot of value for your money here - a highly profitable, growing, well-managed, net debt free, dividend-paying company at a very low price (considering its metrics). There are good reasons why Tharisa is rated 99/99 on Stockopedia and shows up on so many stock screeners. I'm not expecting fireworks here in the short term, but I'm very happy to hold, and to add on weakness, too. All in all, after the excitement of last year, when I did make a crazy return, I'm finding that in 2021 I want to be much more cautious. I want value, I want dividends, and I want to keep a large balance in cash as well. I'm not buying this narrative that everything is hunky-dory out there in moneyland. (And I should add, I think it's too early to be buying gold / gold miners as well; though there time will perhaps come again).
Seems maybe it was a rhodium bounce and descending again, so maybe price? Hopefully next Thurs’ results will give us a filip, but Tharisa is not a ‘cool’ share just now
Thanks Tiger by the Tail-I did contact the company a few weeks ago and their head of investment relations told me they had no intention of changing the relationship with the LSE as it has served them so well. I have even had an HSBC employee admitting that HSBC has made a mistake-even bought a normal amount of THS shares via Barclays this morning. I have also e-mailed the London Stock Exchange for confirmation
Tiger correct. And Tharisa IR even posted on LSE board at the time.
sailing john
Hi Moneyman! This has been dealt with directly by Tharisa on the LSE board a few weeks back. As I remember it, it's a technical thing to do with Brexit, and just involves moving the registry. Tharisa were very forceful that it there was no question of a delisting or anything else that would impact shareholders. But you might want to get in touch with them directly if you are worried. (I'm not in the least, FWIW).
no, problems with iweb (part of halifax) sold some earlier, expecting dividend tomorrow. Sold some to buy more irr ironridge a lithium play that had great news today.
Very disturbing letter from HSBC this morning. Stated that Tharisa shares will be moved to the Cyprus stock exchange and HSBC have stoped allowing trades in Tharisa shares from 25th June. Have spoken to other brokers and Barclays and they are trading shares as normal. Even the HSBC trader I spoke to can’t see anything has changed. Surely if a delisting from London was happening it would have been announced via RNS. Anyone having similar problems?
Just to note that the Q ended was Q3 for THS in terms of fiscal year. NB the Vulcan plant due to complete by end Sept . Probably a few weeks to commission it then all systems go
Always nice to get paid a decent dividend. (AJ Bell are quick about such things; but they're website tends to go down at critical moments, so I'm not recommending their services). The average rhodium price for the quarter just ending today (Q2 2020) is $25,780, compared to an average for Q1 2020 of $23,450. (All JMAT prices). Most other metal prices (chrome, palladium, iridium etc.) have also slightly improved over Q1, so as long as production has held up reasonably well, the quarter just ending should be the best in Tharisa's history.
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.
DarkStar has a point, PE of 2/3 is silly - so 1.5 isnt that much sillier! Price is irrelevant, look to the value....
Gap to close at 79.5p. Gaps nearly always close!
dr darkstar
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. 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.
Good posts guys Keep the faith
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)!
What an intelligent post Feynzz, just so.
What an intelligent post Feynzz, just so
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