Tharisa Share Discussion Threads

[sotolo] 08/2/2023 08:29

Tiger, seems to me it is just the to and fro of the market, in this little traded share a newspaper tip means it is marked up as last week and then drifts back. Supply and demand keeps the price around a pound for now, as buyers are put off by increasing car electrification effect on PGM price that continues to drift down, not clocking that we are now half chromium that drifts up, also the very hefty and risky Karo investment into a potentially weakening PGM price doesn’t help. We of course continue to think we know better and continue to add. However I do not see a rise just now as some thought last week, when some seller has done, but rather not until and unless PGM’s turn up or Karo is nearer?

[farrugia] 02/2/2023 12:27

what is considered to be high grade platinum?

Tharisa doesn't hesitate to refer to Karo as a world-class asset, based on an assessment that the project holds almost 10million ounces of platinum group elements at an average grade of just over two grams per tonne.

The key elements are platinum, palladium, rhodium and gold, with some additional upside from copper and nickel.

The plan is to develop a mine with a 20-year life, and that produces around 150,000 ounces of platinum group elements in concentrate per year.

[deadly] 02/2/2023 12:15

The seller wants his brain tested.

[tigerbythetail] 02/2/2023 11:36

It's quite ridiculous how much and for how long a decent-sized seller can depress the price of an AIM stock.
Hopefully the seller's foot is off the share price's throat now!

[tonytyke2] 02/2/2023 11:21

Perhaps we are breaking those shackles today, not before time!

Fantastic value and growth potential from here imo.

[scubadiverr] 31/1/2023 14:56

And there was me thinking the seller was finished. I'm guessing the MMs have just let this rise on the back of the tip

[dunns_river_falls] 31/1/2023 09:50

Moving up nicely today. Hopefully selling has dried up and we can get back to £1.50 asap as a minimum

[tigerbythetail] 30/1/2023 16:52

Actually, the selling pressure seems to be easing up here.
(I hope! - To be confirmed when we hit 150p!)
SLP delivered another excellent quarter this morning. They're a good company - it's just it's too much of the same kind of risk (PGMs and South Africa) for me to hold both. And THS offers better value and better growth.

[moneyman50] 27/1/2023 16:25

Nothing seems to move this shareprice-we have a much higher chrome price and much lower shipping costs for one .PGMs are down today (normal Friday afternoon stuff ) and general consensus appears to be PGM prices will not fall significantly due to production difficulties and increasing demand for Platinium.Brokers target shareprice north of £2.50.
Yet we are still stuck around £1!

[tigerbythetail] 27/1/2023 16:23

Yes, comparison to Serica bizarre, to say the least. Thankfully!

[1jbrisky] 26/1/2023 10:18

Nigelpm
With respect, Tharisa is nothing like Serica. THS is well managed by a BOD who communicate their goals effectively. Whatever the eventual outcome with the current Serica "merger", the BOD there have failed abysmally to communicate the situation at all.

[nigelpm] 24/1/2023 16:48

Similar to Serica - crazy valuation but will re-rate in time.

[tigerbythetail] 24/1/2023 10:28

Entirely predictably, the seller is offloading into yesterday's rise.
The question is, when will they be finished?
The undervaluation here is absurd. But that doesn't mean it can't continue for some time yet!

[ntv] 23/1/2023 18:14

Chrome $280

[tonytyke2] 23/1/2023 10:43

News on SharePad this morning indicates Berenberg have upped their price target to 270p from 250p 'buy'.

[lennonsalive] 23/1/2023 09:52

All those buyers and it ticks up just a little.

[ntv] 20/1/2023 08:28

Chrome rates look to be over $275 at the moment with freight rates falling considerably
Got to be helping margins and cash generation

[tigerbythetail] 18/1/2023 09:59

Well, my speculation is that the former BEE partner in Tharisa mine is selling off at least some of the shares in Tharisa parent company that they were granted in the corporate reorganisation last year.
I've got no hard evidence to back this up. It's just a hunch.

[sotolo] 17/1/2023 17:05

Yes more people selling than buying makes prices fall. The question is why there are?

[nakedmolerat] 17/1/2023 14:13

must be a seller who is keeping this down?

[ntv] 16/1/2023 17:27

Chrome $270
Pgm's $2333

[nigelpm] 16/1/2023 13:46

It's the Zimbabwe concern - I have no doubt about that.

[themadstork] 16/1/2023 13:44

Not sure who else could be selling such a large cumulative amount; 10m+ shares over the last few months by my count. Fundamentals look very solid here, despite my concerns over investing in Zimbabwe vs returning cash to shareholders, so I've upped my holding considerably over the last week or so.

[tigerbythetail] 16/1/2023 10:05

SLP market cap has just risen above Tharisa's again. Which, with all respect to SLP, is crazy.
Question: does anybody think that it is Tharisa's former BEE partner who are the seller here? Was the point of giving them shares in the parent company to enable them to reduce their holding?