Tharisa Share Discussion Threads

[sailing john] 18/2/2022 09:22

Chrome spot price on a serious move through 200 see Tharisa Twitter feed. They have previously posted a China chrome feed stock chart which had taken a serious dive so not surprising. It's going to be a good year!
GL SJ

[rjmahan] 17/2/2022 14:18

Have looked into this - still think its worth much more than price is reflecting. Have written my thoughts down here...

[sailing john] 16/2/2022 13:42

Cat - possibly partially priced in then but with Chrome now North of 180 and Palladium/Rhodium strong especially with the threat of sanctions hanging over Russia I see this going quite a bit higher. My personal target remains North of 200.

There has been sector acquisition activity recently so this move might make us more attractive to a predator. Just need to sign up Zim now!
GL - SJ

[tigerbythetail] 16/2/2022 13:39

FWIW, I agree that this news is worth a lot on the share price than a few %. Might be a slow-burner as it may take a while for people to work it out...

[tigerbythetail] 16/2/2022 13:38

Hi MartinFrench!
They couldn't do it earlier. There was a "test" court case recently that has opened up this possibility.

[tonytyke2] 16/2/2022 13:38

Great news, limited positive reaction, I have just added some more shares here. Good luck all!

[catsick] 16/2/2022 13:30

It will probably take some comments from Simon Thompson to move it higher off this good news

[catsick] 16/2/2022 13:29

Interesting that the spread between the joburg shares and lse is back to flat, I wonder if there was some locals buying ahead of this ...

[sailing john] 16/2/2022 13:13

Mr M has completely missed this!
Mid day and doesn't understand the significance!
Should have revalued by +20% to around 165p
Might take a few days/weeks. lol
GL - SJ

[martinfrench] 16/2/2022 13:10

amazed they didnt didnt do it earlier....

[catsick] 16/2/2022 12:34

Excellent news cleaning up this minority issue and giving the locals a big stake in Ths upside

[tigerbythetail] 16/2/2022 12:25

stonking good - NOT stinking good!

[tigerbythetail] 16/2/2022 12:24

Agree - that looks a stinking good deal all round.

[donald pond] 16/2/2022 12:21

Yes, looks excellent

[croasdalelfc] 16/2/2022 12:20

Going from 74% to 100% ownership of the Tharisa mine. A 35% increase in PGM and Chrome output, revenues and profits!For $26m!!

[croasdalelfc] 16/2/2022 12:19

26% extra for 4% . Nice deal!!!

[ukgeorge] 14/2/2022 20:46

Rhodium doing well 17900 on kitco up 1k

[martinfrench] 14/2/2022 19:31

"flipping up" doesnt suggest a buy out though....

[cb7] 14/2/2022 13:40

sorry but "buying out" does not sound like a share swap.

[tigerbythetail] 14/2/2022 10:33

This is what "Tharisa" (i.e. the company, Ilya) wrote on LSE this morning:
"No one is taking out Tharisa plc, Tharisa plc is looking at buying out 26% of Tharisa Minerals, and thus flipping up our BEE shareholders to topco"
The implication (IMO) is that shares in Tharisa Minerals (the mine subsidiary) are possibly being swapped for shares in Tharisa (the group - Topco). Not a money based transaction, but a share swap (at a ratio yet to be determined).

[cb7] 14/2/2022 10:15

It says acquisition of the shares, which I assumed to be by cash.

[tigerbythetail] 14/2/2022 09:34

That's how I read it. Maybe I'm wrong.

[bubloo] 14/2/2022 09:32

Why would they do that tbtt. The whole group has arxo karo and salene two of which are in Zimbabwe

[tigerbythetail] 14/2/2022 09:03

It will be a share swap, not a money-based transaction. (I think).
The BEE (Black Economic Empowerment) shareholders in the mine subsidiary will swap their shares in the mine for shares in the larger group holding company.
26% of the shares in the actual mine is "worth" a little less than a 26% share in the whole group, since Tharisa's other subsidiaries also make profits. How much less is to be determined.
Overall, I don't think this rearranging of things makes a lot of difference to Tharisa (the group). Maybe vaguely positive in the long run. But not by much.