Tharisa Share Discussion Threads

[saltraider] 02/12/2021 08:56

The market just seems to take a rather jaundiced view of Tharisa. I'm OK with that. As long as things stay the way they are I think it is going to offer a pretty cheap way of buying a substantial dividend stream.

[moneyman50] 02/12/2021 08:54

Logically the share price should be a lot higher -160p range and would still be cheap.
The market seems to value “hot air” companies with no current earnings higher
But unfortunately the results are now known and whatever factor seems to hold back this shareprice will be looking for a fall due to lower PGM prices and uncertainties relating to the Omicron variant.This share always seems to be marked down on short term uncertainties and never reflects the company’s fundamentals or medium to long term prospects

[sotolo] 02/12/2021 08:37

Well let’s hope your right, last Dec it went from 85 to 140. Interesting it is worth 10% less than at the start of the year with profits up so hugely but then I suppose with shares it is the expectation rather than arrival that counts and at the start of the year rh was in take off and expectation of soaring profits whereas now rh is under half the peak, others coming down and expectation, whether right or wrong, for lower profit this year

[tigerbythetail] 02/12/2021 08:02

Hi Sotolo!
Judging by past experience, the shares may rise slowly but substantially over the next month. I'm not looking for a big rise today.
Tharisa just doesn't seem to be that kind of share...

[tigerbythetail] 02/12/2021 08:01

I'm happy on first skimming of results. Other companies would die for results like these...
Glad that they haven't included news on Karo as well today - that would have been information overload.

[sotolo] 02/12/2021 07:59

Tiger, let’s see if as you suggested a week ago the shares finally rise today, the dividend certainly looks nice

[lennonsalive] 02/12/2021 07:23

PROFIT BEFORE TAXUS$185.3 m2020: US$75.8 m)+144.5%

[thirty fifty twenty] 01/12/2021 17:35

thanks Tiger. i am similarly in CMCL and agree with your comments.
fingers crossed THS develops a similar l.term record

[tigerbythetail] 01/12/2021 17:06

As a long term holder of gold miner Caledonian Mining (CMCL), I'd just say that they have operated successfully for years now in Zimbabwe.
Great company, great management, great potential growth possibilities, great dividend!
My overall take on it is that Zimbabwe has had its nightmare, and nobody wants to go back to the dark days again.

[thirty fifty twenty] 01/12/2021 15:00

thanks UK George.

i was encouraged by the remarks from CMCL recently whch said that it saw very keen interest in its new canadian listing for its development in Zim. Obvs that is a different company and commodity! but i did see it as an expression of investor interest in the long term development of Zim.

secondly the THS mgt team have a lot of skin in the game and hae a good long term delivery record. i think they must have a view on adding capacity to the market and how that effects their overall profitability. There are a lot of moving parts i PGM market but as a lower cost producer i dont think THS wil come out worst from some extra capacity that they have a share in - it worked for TSCO lol!

anyway - the proof will be in the share price in 12 mths time,
and fingers crossed a pick up tomorrow.
pleased to see that THS keeping up their investor profile with a presentation tomorrow

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

[ukgeorge] 01/12/2021 10:36

More detail on how the Karo project can move forward and importantly how much THS would be putting in is key.

[ukgeorge] 01/12/2021 10:34

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

The problem with Karo, is it's size. In that the capex is likely going to be a lot (although it will be mined by open pit to start) The process plant will likely be in the hundreds of millions. That article suggest potential to produce 1.4Moz per year, the platinum and palladium mkts are about 20 Moz a year. So 1.4Moz is material, the platinum mkt is in balance so the extra production will cause a surplus and palladium prices are on the way down from the elevated level. Long term electric vehicles are also going to eat away at demand. So is it wise to be investing heavily in a big project albeit low cost and large reserves.

THS has 26.8% of the project, but is likely the only major shareholder with any cash. So the worry is that they end up being the main shareholder taking a risk.

[tigerbythetail] 01/12/2021 08:32

Results tomorrow.
I wonder if we also get news on the Karo mega project in Zimbabwe. The DFS should be complete by now.
(The results will be good, of course. How the market reacts to any Karo news I don't know, but surely it can only add value to the company? Not a penny of the possible value of Karo is currently in Tharisa's share price.)
Meanwhile, rhodium price holding up (even increasing slightly) at $13,900/oz (JMAT). Palladium and platinum, though, are both struggling.

[loglorry1] 27/11/2021 07:48

The fall is justified due to the emergence of a new variant and the resulting decline in PGM. We will have to wait and see how thatt pans out but markets will and should price in the extra risk.

[moneyman50] 26/11/2021 21:17

Very frustrating -share price always tracks PGM prices downwards but never upwards in the same manner.

[tigerbythetail] 26/11/2021 15:29

Palladium now below $1,700. Like with oil this morning, IMO this isn't about fundamentals. It's about futures traders getting smoked and being forced to close leveraged positions at any price.
I think it's too early to look for a bounce, but it's something to think about on Monday.

[ukgeorge] 26/11/2021 10:44

I had a little top up 3,470 @ 115.4p

[ukgeorge] 26/11/2021 09:54

Yes agree, and a big sell off is overdue.

[tigerbythetail] 26/11/2021 09:36

A little bird tells me to hang on a bit before buying ANY stocks - at least until Monday, maybe Tuesday.
How much forced liquidation is there going to be? Will there be a cascade effect? You can already see that traders are getting smoked and margin called in the oil market.
(This post isn't about Tharisa, which is a great company, but the wider markets!)

[ukgeorge] 26/11/2021 09:19

Looks like a good opportunity to top up

[ukgeorge] 25/11/2021 16:22

Yes a special dividend would certainly be nice.

I think the market is to a certain degree waiting to see the cash pile start to build seeing as capex spending should now be dropping this should start to flow through.

In the above presentation he also talked about the new Salene chrome mine coming online in Q4 2021 so basically now. Open pit mine premium product.

[moneyman50] 25/11/2021 15:37

Pouroulis has previously hinted that some sort of special dividend may be under consideration due to the extra profits generated by the company due to higher PGM prices .Paying a special dividend of between 3 and 5 cents would do the company no harm especially as the Vulcan project is virtually complete.
It would also recognize the shareholders who stuck with the company during difficult times and at least give the shareholders of the extra profits earns due to high PGM prices

[ukgeorge] 25/11/2021 14:38

Presentation from the 20th October

[redtrend] 25/11/2021 13:54

"However investors are never sure if this will come off"... Errr they just delivered Vulcan on time and on budget which will significantly increase chrome over next couple years from 1.5MT to 2MT.

Investors already know THS appear to deliver on their growth opportunities