Tharisa Share Discussion Threads

[sotolo] 23/8/2022 08:15

No one here?
Why is SLp falling much faster than ths, as PGM’s fall? Will ths shortLy catch up?

[sotolo] 18/8/2022 07:45

Sadly as expected the bounce in PGM’s seems over as rh descending along with chromium

[basem1] 08/8/2022 16:24

Looks like the overhang has cleared There was a 100k dump last week and what looked like a 35k sell this morning

[ukgeorge] 08/8/2022 09:39

looks like it is about to spike

[basem1] 08/8/2022 09:17

Well bought this morning Should see a nice run to 120p

[moneyman50] 01/8/2022 16:03

HSBC are still refusing to pay my Tharisa dividend to me-still claiming they can’t find the payment from Tharisa-Absolutely disgrace-how long does it take to make a phone call to the Tharisa registrar to resolve the matter?.Everyone else I know have received their dividend from various other stockbrokers.

[plat hunter] 24/7/2022 13:07

That's mental

[moneyman50] 23/7/2022 14:56

Anyone else still waiting for HSBC Investdirect to pay their Tharisa dividend due on the 29/6-they have “apparently221; lost the payment from Tharisa

[haywards26] 20/7/2022 16:26

Nice Rhodium price increases!

JMAT $15,250 - a 10% increase over 6 days!

[sotolo] 14/7/2022 17:00

Yes Moneyman THS is still very profitable even at current prices, however PGM’s are falling and Chrome has begun to, if there is a world crash presumably the falls will accelerate hence the share price anticipating this. Tiger, in the end I didn’t follow you and buy more on results day as I remember that if you wait the price is always lower in a bear market. I wish I could bring myself to sell but I can’t. Interesting that over last 3 months ths is down by about 40% and SLp only 10% and the latter is actually up today so thinking of selling them?
On another note Tiger if Egypt defaulted how (and how much) would that affect Centamin?

[moneyman50] 14/7/2022 16:28

Total induce “panic tactics” now been played out making people think they should sell shares in healthy companies when they don’t need too.-the world will not stop because of a recession
PGMs will the first to be in short supply and are required for the Green economy which will happen even if there is a period of recession -maybe even in shorter supply if companies with weak fundamentals go to the wall.
THS very profitable even at current prices,ridiculously low P/E and healthy dividend -chrome prices still up $100 per ton compared to last year

[ukgeorge] 14/7/2022 15:38

Interesting thoughts on CEY, the Arab spring was started by high wheat prices so it could be a bit of history repeating itself.

I'm steering clear of these currently just because of the falling pgm prices driven in the main by the negative macro picture.

[tigerbythetail] 14/7/2022 14:30

Hi Sotolo!
(Off topic) BTW, it's worth keeping an eye on Egypt's stability, re: Centamin. It's sovereign debt is beginning to indicate signs that a default may be in the works. That's what happens when the dollar is surging, and oil and food prices are rising as well, and you've got few natural resources or sources of dollar earnings, and a large and hungry population. See Sri Lanka's current troubles for a worst case outcome.
I've bought a few Tharisa shares now because I believe in this company and the shares are well-backed by dividends, but I'm still mostly staying out of this market. All the investment books say that "it is time in the market that matters". But, in my experience, what really matters is the time you spend out of the market. Like in February / March 2020. And (IMO) now.

[sotolo] 12/7/2022 09:55

Good for you Tiger, lovely to see you back here, I am doing the same

[redtrend] 12/7/2022 09:39

Sotolo - it really is a bizarre 9 months to take when you don't provide any context whatsoever. Most of trade payables for Vulcan would have been paid in calendar Q4 2021 and in to Q1 2022 (total spend of Vulcan was circa $50m+).

In calendar 1H 2022 we've had dividend payouts of circa $23m (Feb and June payouts), if you wanted to truly normalise as to why End Sept 2021 Net Cash was $46.6m compared to calendar Q2 2022 Net Cash $48m.

We may also have build up of trade receivables due to THS for longer duration supply chains with refiners taking longer to pay THS and chrome shipments taking longer to reach chinese port quaysides in the period you're taking. The Interims showed an increase in Trade Receivables of more than $40m!

So even just a very short cursory glance normalised I've found some $63m for you! I haven't even deep dived to look in depth at capex, self funded Karo Capex or the like yet etc. during this period.

[tigerbythetail] 12/7/2022 08:53

BTW, well worth reading Visitor's crude comparison with CAML on the other board.
And I don't make CAML to be overvalued, either.

[tigerbythetail] 12/7/2022 08:41

Well, I had to buy back in this morning.
I got a price of 99p - never thought I'd be able to buy this for under a pound again.

[sotolo] 12/7/2022 08:05

Market reacting to lower ounces plus cash only back to last Oct despite higher prices than now methinks

[lennonsalive] 12/7/2022 07:50

This is great company. But who knows how the market will react, this is seriously undervalued with some cash in the bank too

[ukgeorge] 12/7/2022 07:46

Cash building, chrome price up 40%Seem very good on first glance

[indalo] 12/7/2022 07:36

Shares may dip but at the end of the day the cash gen is strong even in tougher times and they are pursuing the plan…the valuation here is very low already considering the assets and mine life.
All IMHO

[sotolo] 12/7/2022 07:33

What does anyone think, oz down (esp chrome?? Maybe transport) cash up…?

[mfhmfh] 11/7/2022 09:29

Q3 FY2022 Production Report tomorrow.

[sailing john] 08/7/2022 17:25

Palladium very strong this week and past month now at around 2100 an increase from just over 1800 4 weeks back.
Couldn't resist added a few at a fraction under 104 into the close. Sellers giving them away at 103!