Tharisa Share Discussion Threads

[ukgeorge] 21/10/2021 08:46

based on todays move it went well :)

Well done SJ

The broker targets,

Peel Hunt ...........................01-Oct-21 ...............£2.50
Nedbank Capital ................30-Sep-21.............. £2.43
Berenberg .........................28-Sep-21................ £1.90
BMO Capital Markets ........01-Oct-21 ................£1.75

[sailing john] 20/10/2021 21:37

Registered but unable to watch. However the slides are already posted on Tharisa website. Mostly similar to previous presentations but some new info and a good slide on broker forecasts. All very positive for further progress over the next few years. Remains my largest position by a big margin.

[deadly] 20/10/2021 20:25

Anybody see tonight's Webinar?

[basem1] 19/10/2021 08:26

Looks like yesterday's volume has cleared a blockage Market keen to take it higher today

[tigerbythetail] 19/10/2021 08:17

Just to point out there has been a fire at the Richard's Bay port terminal in South Africa, in the section for the export of chrome / manganese. I'm sure this will have some effect on THS - but maybe it won't be a big one.
www.iol.co.za/news/south-africa/kwazulu-natal/transnet-declares-force-majeure-at-richards-bay-terminal-after-port-fire-827aeca3-b174-5cb7-999b-ee52b3ec8980

[sotolo] 16/10/2021 07:58

Yes Tiger, looks like next year as well, but there is debate about whether and which PGMs will be in surplus/deficit, Phoevos sounded optimistic and there have been some interesting links on LSE even the pessimists predicting a $2000 basket. Our basket currently about $2600 following this weeks pull up, from $4300 at the peak. I think in a way we are psychologically lucky THS didn’t rise as we all thought it should have, so it is only 20% off the top, much happier that my goldies

[tigerbythetail] 15/10/2021 15:46

Auto industry supply issues roll on - and it's not just chips.
Magnesium (in which China have a near monopoly) is now the latest item in short supply. Euro car factories may run out by end November.
www.zerohedge.com/markets/rabobank-if-something-simply-isnt-available-does-make-it-cheap-or-expensive

[deadly] 14/10/2021 09:43

Delayed start to strong move north today. The value here has been obvious for a long time but is still not recognised by the market

[davebowler] 13/10/2021 10:54

THS peresenting here

[martinfrench] 13/10/2021 08:32

i read 220

[ianb5004] 13/10/2021 07:46

Peel hunt raise target price to £2.50p
Almost double current share price

[jon4567] 12/10/2021 08:30

Record quarterly production! Well done to all at Tharisa

[ianb5004] 12/10/2021 08:26

Copied from Affan on twitter LTH and chartered accountant.

THS paid $23m in dividends this financial year + c$105m in total capex (including c$55m for Vulcan) and still had a positive net cash generation of $73m. The EV is <£300m. I don't know one miner with better fundamentals.

[tonytyke2] 12/10/2021 07:48

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.

[sotolo] 12/10/2021 07:13

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?

[tigerbythetail] 12/10/2021 07:08

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.)

[sotolo] 12/10/2021 05:57

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.”

[ntv] 08/10/2021 13:03

Thanks for the update on chrome price it should help against the fall in PGM price
Cheers ntv

[ukgeorge] 08/10/2021 07:58

Nice start :) long may it continue

[martinfrench] 07/10/2021 08:31

rhodium creeping up again....

[sotolo] 06/10/2021 20:39

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.

[martinfrench] 06/10/2021 16:02

yes, it will reinforce value and go to 130 is expect

first time you have ever said anything sensible

[sotolo] 06/10/2021 15:13

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