Tharisa Share Discussion Threads

[deadly] 14/10/2021 10:43:41

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 11:54:44

THS peresenting here

[martinfrench] 13/10/2021 09:32:25

i read 220

[ianb5004] 13/10/2021 08:46:28

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

[jon4567] 12/10/2021 09:30:24

Record quarterly production! Well done to all at Tharisa

[ianb5004] 12/10/2021 09:26:47

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 08:48:55

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 08:13:04

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 08:08:22

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 06:57:29

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 14:03:06

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

[ukgeorge] 08/10/2021 08:58:35

Nice start :) long may it continue

[martinfrench] 07/10/2021 09:31:09

rhodium creeping up again....

[sotolo] 06/10/2021 21:39:45

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 17:02:02

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

first time you have ever said anything sensible

[sotolo] 06/10/2021 16:13:23

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

[martinfrench] 06/10/2021 14:46:22

same here george but didnt keep the faith and buy more, you should just believe....gfrrr

[ukgeorge] 06/10/2021 14:04:27

Wishing I had bought a few more :) added 4k yesterday roll on these going way beyond 150p

[martinfrench] 06/10/2021 13:39:41

looks like downtrend broken

really funny share this one.....:-)

[ukgeorge] 06/10/2021 12:57:54

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.

[redtrend] 06/10/2021 07:46:48

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

[ukgeorge] 06/10/2021 07:25:35

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.

[ntv] 05/10/2021 19:36:13

Where is the best place to find the current chrome price? tia