Tharisa Share Discussion Threads

[novicetrade68] 27/9/2017 12:14

Yes, I agree and add the margins of 150k oz of pgm concentrate, gross profits will be even higher. Imo, it's only a matter of time before the share price starts to reflect this, £2 doesn't seem much of a stretch if the strength in chrome prices continue.

[sharpshare] 27/9/2017 12:07

So they haven given annual production guidance of 1.4m tons of chrome concentrate and 150,000 oz pgm concentrate. A recent Metal bulletin report (mid Sep 2017) gives 42% UG2 South African chrome ore concentrate price of USD 236 per ton cif China. If costs are around USD 88 per ton then gross profit could be around USD 148 per ton. (very nice margin at current prices) Total gross profit at 1.4m tons could be around USD 207 million. Very nice gross profit compared to a market cap of around USD 375 million based on a share price of around 106.5p (remember the mine is 74% owned so USD 153 million attributable gross profit) At current prices cash balances should be building up quickly and I would not be surprised to see an upward rerating in the share price if current chrome ore concentrate prices are sustained.

[naughtynicky72] 25/9/2017 17:25

I think Tharisa is having a rest before the next news !

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[novicetrade68] 05/9/2017 10:54

A 20k buy @111p.

[novicetrade68] 04/9/2017 16:59

With all the good news of the last few weeks and Q4 being a traditional strong season for PGMs, this can only go up I would imagine!

[naughtynicky72] 04/9/2017 16:06

Nice 7.7% Rise On The Up !

[novicetrade68] 04/9/2017 11:01

Eurasia Mining released an RNS this morning with an interesting comment given THS is an established PGM producer : Eurasia notes an increased interest from refineries seeking Platinum Group Minerals ("PGM") and copper/nickel concentrates fueled by a tightening in the international supply of quality concentrates. The status-quo situation of recent years is reversing and refineries, reacting to a looming shortage of quality feedstocks, are reaching for quality upstream assets. This is well demonstrated by a recent transaction in the PGM and copper/nickel refining space over the Kevitsa Mine in Finland (270 kilometres West of Monchetundra) purchased by Boliden for a cash consideration of $712 million.

[novicetrade68] 01/9/2017 15:28

A round pound paid.

[naughtynicky72] 31/8/2017 17:39

Keep the good news coming Tharisa ! On the up .

[novicetrade68] 31/8/2017 07:17

More good news, two pieces no less.

[novicetrade68] 24/8/2017 19:41

And this is also worth a listen imo. http://www.proactiveinvestors.co.uk/companies/stocktube/7993/shiny-new-5yr-deal-with-the-chinese-for-tharisa-7993.html Shiny new 5yr deal with the Chinese for Tharisa Share 14:27 24 Aug 2017 Platinum group metals and chrome producer Tharisa (LON:THA) is reflecting on it's new five year agreement to supply 240,000 tonnes of metallurgical- grade chrome concentrate to the Chinese for its huge stainless steels industry. CEO Phoevos Pouroulis told us the deal represents about 25% of Tharisa production and he said, ''Its been encouraging to note that spot chrome prices have increased on the back of stainless steel production improvements". Tharisa has been working with TISCO, an existing Chinese partner for years and this is a natural progression for them within the industry.

[novicetrade68] 24/8/2017 19:40

Tharisa signs five-year chrome supply agreement with Tisco 24TH AUGUST 2017 BY: ANINE KILIAN CONTRIBUTING EDITOR ONLINE SAVE THIS ARTICLE EMAIL THIS ARTICLE FONT SIZE: -+ JOHANNESBURG (miningweekly.com) – Platinum group metals and chrome coproducer Tharisa Minerals has entered into a five-year strategic cooperation agreement with steel producer Taiyuan Iron & Steel (Tisco’s) joint venture (JV) company Shanxi Taigang Wanbang Furnace Charge. Under the terms of the agreement, Tharisa will supply the JV with a minimum of 240 000 t/y of chrome, representing about 25% of Tharisa’s targeted production of one-million tonnes of metallurgical grade chrome concentrate. The supply contract will start in September. More stringent environmental regulations in China have meant the ferrochrome industry has started switching from open and semi-closed furnaces to more efficient and environment-friendly technologies such as those that use sintering and pelletising. Tisco produces about four-million tons of stainless steel a year and, through its JV, has installed 700 000 t/y of ferrochrome sintering and pelletising capacity, in Finland, producing about 300 000 t/y of ferrochrome. The stainless steel producer is considering a Phase 2 expansion of its Outokumpu ferrochrome sintering and pelletising plant, which would increase its ferrochrome production to 450 000 t/y and, subsequently, increase its requirements for metallurgical chrome concentrate. “The cooperation agreement further cements our position in the Chinese market and bolsters our order book,” Tharisa CEO Phoevos Pouroulis said in a statement on Thursday.

[naughtynicky72] 24/8/2017 13:57

Is Tharisa on the turn ! GLA Longs

[novicetrade68] 24/8/2017 08:08

I agree, it's just a very interesting tell-tale sign that this Chinese company now all of a sudden wants to formalise its relationship with THS and secure supply. A few months back chrome was trading around $130-$150/t and now it's above $200 again.

[paleje] 24/8/2017 07:31

I was thinking that, 5 yr agreement to buy at market price suggests to me the Chinese are expecting the chrome surplus to reverse. The NED buying last month caught my attention too.

[novicetrade68] 24/8/2017 07:17

Interesting news today, may well be back to at least a pound soon, especially given the strength of chrome prices.

[ny boy] 18/7/2017 22:39

I'll have a few at 40p, chart looks dreadful. Catch a falling knife etc

[whitehunter] 18/7/2017 21:33

Thanks - Telegraph article is probably the reason. Talk about shooting investors/investment in the foot. Destruction of value is not good for anyone regardless of race or percentage holding.

[amunro] 18/7/2017 20:40

https://www.google.co.uk/amp/www.telegraph.co.uk/business/2017/06/15/miners-ready-legal-challenge-south-africa-publishes-mining-charter/amp/ Policies that favour blacks over anyone else. Not exactly democratic. Ok, we know what happened in the past with apartheid, and there is no excuse for that, but this is modern times where everyone should be treated equal.

[amunro] 18/7/2017 20:24

I am puzzled too. I know Tharisa is also listed on the South African stock exchange and wonder if South Africans know something we don't? Googling doesnt find anything. Can only think its a combination of poor platinum/chrome prices and issues of transferring staff and machinery to Tharisa? Lots of problems ahead?

[whitehunter] 18/7/2017 18:27

Anyone know why these shares have fallen badly recently?

[armunro] 12/7/2017 09:20

They added another 4M shares today as per the rns: Following this issue, Tharisa will hold 1 033 576 shares in treasury to make provision for the potential requirement to allot shares in the event of participants in the TSAP exercising vested Appreciation Rights. Wonder what that is about? Taken on lots of workers and thus need more shares to give them? 4M is not much compared to the number of shares issued.

[novicetrade68] 10/7/2017 17:34

Lots of Director/Employee buying recently, added a few myself too in the expectation of going back to at least a quid short term.