Tharisa Share Discussion Threads

[boydduk] 15/11/2017 12:43

And down we go. I think if they released an rns they they had started mining the moon successfully and at half the cost on earth, we would see downwards pressure on the share price.

[naughtynicky72] 14/11/2017 17:29

Nice , up she goes , Tharisa just seems too get better and better as time rolls by good luck all you longs !

[novicetrade68] 14/11/2017 16:01

Completely missed the RNS this morning..at least a 300% increase in EPS, should hopefully translate into an increase in dividend too.

[goldguru2017] 30/10/2017 15:09

Kestrel Gold (TSX Venture Exchange symbol KGC.V)

- Capitalised at only GBP 2.5 million
- Drilling results on Val Jual property due in coming weeks
- Peak values of 12,400 ppb Au from recent soil sampling on Val Jual
- Originally staked by Jean Pautler, who’s considered to be one of the best geologists in Canada.
- She was honoured in 2010 by the Yukon Prospectors Association for her work in opening up the White Gold District
- CEO recent interview ““WeR17;re on our third hole, drilling an area that hasn’t been drilled before. I believe we’ll hit some pretty good numbers there which will drastically change the outlook for Kestrel Gold. Jean Pautler thinks we should hit good in there, and so do I.”

Please do your own research on the Company before investing. Thank you for your time.

[novicetrade68] 11/10/2017 18:58

I think the reward will come, but clearly not just yet. Q4&Q1 often tend to be stronger quarters for many PM producers all across board, so in that regard we're just on the verge of hopefully a decent rerating. What I think is encouraging nevertheless is that, especially given yesterdays' update, there are not many sellers around this level.

[boydduk] 11/10/2017 14:51

Given financials and newsflow I would have hoped for a stronger reaction in the share price. What is required here for take off, I wonder?

[novicetrade68] 10/10/2017 08:18

Very good update today.

The average PGM contained metal basket price for the three months ended September 2017 was US$825 (ZAR10 866) per ounce, which is US$33 an ounce higher than the US$792 (ZAR10 443) per ounce achieved in the quarter ended June 2017 and US$50 an ounce higher for the 2017 financial year compared to FY2016. The higher basket prices reflect, in particular, the increase in spot palladium prices, which surpassed the platinum price during the quarter.

With improved liquidity in the market during Q4 FY2017, contracted metallurgical grade chrome concentrate prices increased 17% to US$172 per tonne from US$147 per tonne the previous quarter, bringing the total average realised metallurgical chrome price during FY2017 to US$200 per tonne. As at 29 September 2017, Chinese port stock levels were slightly above 2 Mt, or approximately two months' supply into the domestic Chinese ferrochrome and stainless steel industry.

The fundamentals of the global stainless steel market remain sound with continued growth forecast in 2018, supporting demand for chrome units in the form of ferrochrome and chrome ores. Specialty chrome concentrates, which comprised 24.3% of Tharisa's total chrome concentrate production in FY2017 and which supplies the chemical and foundry markets, continue to attract a premium of more than US$30 per tonne above the contracted metallurgical chrome concentrate prices.

[novicetrade68] 27/9/2017 13:14

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 13:07

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 18:25

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

[goldguru2017] 18/9/2017 11:03

[...]

Please allow me to bring your attention to this low-market capitalisation, high potential gold/copper exploration company that has assets in the ‘Eye of the Storm’ – the White Gold Area in the Yukon, Canada.

Kestrel Gold (TSX Venture Exchange symbol KGC.V)

- Junior gold/copper exploration company
- Recently acquired acreage in one of Canadas most prolific gold areas – the ‘Eye of the Storm’ White Gold Area in the Tintina Gold Belt.
- Easily accessible, excellent infrastructure, safe jurisdiction.
- Sampling just finished, funded drilling programme about to commence
- >100g/T Gold sample from Clear Creek – excellent potential
- Relative low market cap – CDN$4.2 million
- CEO with proven track record of growing public companies share price by multiples
- Leading Canadian gold geologist, Jean Paulter, running drilling campaign
- Nearby to discovered goldmines (Coffee, Golden Saddle)
- Val Jual /10 Mile Creek acreage surrounded by active 2017 programs by other companies
- Drilling news flow expected before year-end

Please do your own research on the Company before investing. Thank you for your time.

[happyholder123] 09/9/2017 10:31

HNR -
TWO wells successfully drilled with abundant oil and gas in samples extracted!
Fracking and FIRST OIL next month!
Don't miss this train!

[novicetrade68] 05/9/2017 11:54

A 20k buy @111p.

[novicetrade68] 04/9/2017 17:59

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 17:06

Nice 7.7% Rise On The Up !

[novicetrade68] 04/9/2017 12:01

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 16:28

A round pound paid.

[naughtynicky72] 31/8/2017 18:39

Keep the good news coming Tharisa ! On the up .

[novicetrade68] 31/8/2017 08:17

More good news, two pieces no less.

[novicetrade68] 24/8/2017 20:41

And this is also worth a listen imo.



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 20:40

Tharisa signs five-year chrome supply agreement with Tisco

24TH AUGUST 2017

BY: ANINE KILIAN
CONTRIBUTING EDITOR ONLINE
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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 14:57

Is Tharisa on the turn ! GLA Longs

[novicetrade68] 24/8/2017 09:08

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 08:31

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 08:17

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