Absolutely cracking update from the company, so impressed!With the car chip situation to now improve on a ongoing basis and thus increase demand for PGM's, things are looking good here.On the whole, not sure why we would try to find negatives with this super update, the company appear to be performing exceedingly well. |
Thanks Tiger, yes lovely production figure and predicted up again next year. Just interested on what the impact of higher costs will be, and Vulcan investment on this year’s NPAT, in ball park of $100m? |
Hi Sotolo!
IMO, "as expected" in mining = very good news!
I make this a very strong quarterly report, with improved guidance for next year as well. All onwards and upwards.
I have no concerns about Tharisa's performance as a company.
(I do have macro concerns, however - especially about China. But that's another story.) |
Report as expected. However cash is only up $6m in this amazing PGM quarter (mainly Vulcan investment but also costs) and costs must be up quite a bit for ths to say of chromium “Prices will need to remain at these levels for most producers to remain profitable and continue to invest, as shipping rates have dented margins, with the global logistic industries continuing to be impacted by the pandemic and challenges with supply chain management.” |
Thanks for the update on chrome price it should help against the fall in PGM price
Cheers ntv |
Nice start :) long may it continue |
rhodium creeping up again.... |
Martin thank you for your condescension, however as I am usually just reporting economic fact that might influence investors who don’t love us, so reasonably sensible, if boring to some, I fear that your approbation now may be a contra indicator, meaning that my last post lacked sense. Does that mean this is a temporary rally and I am wrong that the upcoming figures will make THS soar? Thanks Martin for this and all your stimulating thoughts and I hope you, like I, are cheered by investors having joined us, however at the risk of boring this is still a thin rated share which means a few extra buyers or sellers can make quite a difference in my unsensible (to you) opinion. Sleep tight all and be glad we hold THS just now. Oh and special thanks Tiger for the idea. |
yes, it will reinforce value and go to 130 is expect
first time you have ever said anything sensible |
What’s surprising to me is that all of us have known about Vulcan which has been much heralded as being on time to start this autumn, even a recent tweet on it all on plan, yet when the rns comes share rises 20%. Now of course it should be higher as very undervalued but what else is the market not pricing in, the stunning next financials? If they perform as expected, like Vulcan we should see another 20% on this. For it is so illiquid just a few more people realising it’s value changes the dynamic imho |
same here george but didnt keep the faith and buy more, you should just believe....gfrrr |
Wishing I had bought a few more :) added 4k yesterday roll on these going way beyond 150p |
looks like downtrend broken
really funny share this one.....:-) |
Fingers crossed the correction/down trend is finally behind us.Great news on the vulcan project and hoping that cash now starts to really build as the capex is behind us. |
Tharisa's Twitter Account is pretty active at posting the latest 4E PGM basket & Chrome price. Last post on prices incl chrome was 04-Oct at $165tn
UKG is correct on other sites, but think they're pretty pricey if all you want is just chrome price |
Asian Metals or Fastmarkets but you need to subscribe.With the high energy costs (coal has spiked) and electricity shortages in China High grade chrome ore should command a greater premium than normal. Similar to how the iron ore market has been. |
Where is the best place to find the current chrome price? tia |
Auto supply chains - some background...
www.zerohedge.com/markets/breaking-supply-chains |
It is good news.
Increased chrome production at very low opex for as long as the mine runs (currently 14 years above ground plus 40 years below ground).
Cold commissioning is running water through the pipes to check the seals, etc. It will take a few months to achieve full ramp up, but then Vulcan will add substantially to Tharisa's profitability for decades to come. |
Looks like very good news. |
https://www.overend.co.za/download/sens-rns-vulcan-cold-commissioning-5oct21.pdf |
Thanks for the link TBTT, I am sticking with my Platinum long e.g supply constraints, stricter emission rules, overall easing of car chip issues etc.This does back up my previous posts now with research now indicating that car manufacturers may want to keep prioritising their higher margin products aka VW comments. |
Platinum Investment Council on auto chip shortage. I think they are mainly concerned with putting the boot into palladium...
platinuminvestment.com/files/993245/WPIC_Platinum_Perspectives_September_2021.pdf |
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