Tharisa Share Discussion Threads

[ukgeorge] 24/11/2021 12:19

It is also about time that they announced a dividend :)

[tigerbythetail] 24/11/2021 08:25

This seems a remarkable bargain ATM ahead of results - actual results 2/12 and JSE "warning" RNS any day now.
(The "warning" concerned being that profits should be very high).

[basem1] 23/11/2021 15:50

Weaker metals prices today the reason for the drop

[tigerbythetail] 20/11/2021 10:44

Let's try that again...

www.theindependent.co.zw/2021/11/12/karo-govt-review-us4bn-deal-as-zim-seeks-fair-share-after-very-encouraging-results/

[tigerbythetail] 20/11/2021 10:44

[...]

Copied from LSE - news about Karo...

[sailing john] 18/11/2021 10:54

As usual the market has completely missed this so I managed to add a few at under 133 on the pull back. There is a massive difference in mining cost above vs underground. I suppose most will wait for tip sheets to point out the obvious!

Looking forward to results and Karo update over next 2 weeks.
GL SJ

[thirty fifty twenty] 18/11/2021 10:37

i also thought it was an excellent RNS.
- do others think this news was known / already priced in?

i know that the life of the mine was always known,
but the fact it can be Open Pit is a major reduction in cost and risks,
additionally it defers the development cost of under ground mining into the horizon.

i think the icing on the cake then is that the more secure income from the longer life
(b/c lower cost=higher profitability and lower risks),
means that they will be able to fund extensive development of the projects in Zim.

i am not a mining expert but this seems to be a win/win/win.
i presume as well that with Open Pit mining it is relatively easier to increase volume if they so wished etc...
and luckily we have a CEO that will be happy to promote the company.

the chart is beginning to look very good to me,
so fingers crossed and time will tell.

All IMHO, DYOR + BoL
THS is in my top5 hldgs

[tigerbythetail] 18/11/2021 08:33

Yes, excellent RNS.
Mine life was never really a problem here, but it's good to see the extension of the open pit for several more years.
Looking forward to the annual results. And also the "warning" JSE-mandated RNS that should come before it - the "warning" being that profits are massively up on last year.

[basem1] 18/11/2021 08:15

Significant news Surprised about the slow start to trading this morning

[mfhmfh] 17/11/2021 18:12

'Morgan Stanley says the semiconductor chip shortage for the auto industry is nearly over'.

hxxps://www.forexlive.com/news/!/morgan-stanley-says-the-semiconductor-chip-shortage-for-the-auto-industry-is-nearly-over-20211116

[redtrend] 15/11/2021 11:11

You have to remember Zimplats was forced to relinquish the Karo Resources assets... but you never know

With Karo initially being open pit, even though its a monster asset, hopefully it may surprise that the initial capex will be manageable, with right financing package THS may be able to develop it on its own

[ukgeorge] 15/11/2021 10:53

Sibanye has assets surrounding Tharisa mine but they have just spent a billion on nickel assets in South America, so that might rule them out to a degree.

Perhaps a bid from Implats is the most obvious. They have just been out maneuvered on the Royal Bafokeng deal and secondly they already have the Zimbabwe assets so the Karo project would likely be a sensible fit.

That said the Pouroulis family holding probably means that the company is relatively safe from a low ball offer.

[sailing john] 15/11/2021 10:03

George. I agree as I said a couple of weeks back (post 1072) there has been some significant sector activity recently with major acquisitions. Assets don't stay undervalued forever. I think Tharisa will want to start developing Karo first as that will hopefully increase the valuation significantly. But with substantial capital required to develop Karo they will need a heavyweight partner imo SJ

[tigerbythetail] 12/11/2021 09:03

www.investorschronicle.co.uk/ideas/2021/11/11/tharisa-s-dividend-looks-precious/

[croasdalelfc] 12/11/2021 08:29

https://twitter.com/ichronicle/status/1458839835989450752?s=21

[ntv] 12/11/2021 08:02

Tipped by IC

[tigerbythetail] 09/11/2021 17:32

Latest on auto chip shortage...
www.zerohedge.com/markets/infineons-ceo-says-chip-shortage-will-last-well-next-year

[tonytyke2] 08/11/2021 11:23

But as per my post below, senior VW management are indicating the chip position is clearly easing.

[plat hunter] 08/11/2021 09:12

Just look at the impact Diesel Gate had on PGM's, which was miniscule to production disruption compared to the chip shortage.

[loglorry1] 05/11/2021 15:10

VW saying chip shortage well into 2022. I don't think it is by any means over.

[tigerbythetail] 05/11/2021 14:25

Rhodium just ticking up.
Hopefully, this is a sign that the chip shortage is finally easing somewhat.

[sailing john] 29/10/2021 16:05

Martin - There is a link via Tharisa Twitter posted yesterday (lucky page 13!)

[martinfrench] 29/10/2021 16:02

hopefully someone can post the shares mag stuff here ?

[sailing john] 29/10/2021 15:22

We appear to be getting noticed in the PI world with the most recent buy tip in Shares Mag - well done to Tharisa IR and CEO for presentations etc to investors.

More significantly there is some buyout activity in the Sector as the cash rich larger players look to invest for the future. I'm expecting THS to be a target at some point given the life of mine and low PE. The family + Directors hold over 40% so I assume this will only happen when they are happy with the price and timing. I'm happy to wait as I think they can build more value over the next few years via Karo and other opportunities.