Tharisa Share Discussion Threads

[sotolo] 28/2/2023 11:20

I think maybe the market has been anticipating the rhodium tumble, with electric vehicle sales taking off and expected to reach a third of vehicles within 5 years. If that really happens would be a massive hit to PGM’s and in Karo we have put a big further bet on them. However this would still be fair value on quartered profits imho

[lennonsalive] 23/2/2023 16:40

You say jam tomorrow but look at all those companies that come and gone like spacs, oilers, techs etc no value at all. This has growth and dividends. It's just frustrating the market doesn't recognise this at the moment.

[loglorry1] 23/2/2023 16:24

It's much more tax efficient for the company to reinvest and grow with free cash flow than return it via divis.

The problem is that they might screw it up and loose the cash they invested. However returning the cash to me might suffer the same problem. I may also screw it up!

[whitehunter] 23/2/2023 15:49

It would be nice to look back and find that this was a great entry point. However I take your point that it could be a long hold. Dividends are not too bad atm.

[martinfrench] 23/2/2023 15:22

tharisa will never get near SLP until they start to do a lot less jam tomorrow projects and get a better balance with shareholder returns

you can only re-invest for so long. they need a period of great dividends and / or buybacks and then the share price will fly

until then there is no movement, and dead money. i have a decent amount and have 3 far better prospects to invest in, so why would you sit and watch paint dry until karo kicks in ?

[moneyman50] 21/2/2023 11:39

Also need to take into account significant fall in shipping freight costs and rand/dollar exchange rate.

[moneyman50] 21/2/2023 10:28

Yes PGMs are done but are forecast to increase-everyone seems to forget the price of chrome is nearly double that of the price this time last year-this should more than outweigh the recent weakness in PGM prices

[sotolo] 20/2/2023 11:31

NTV basket still falling, now down to $2175 at this rate it may eventually make the share price seem fair value, unles the share price falls with the basket

[ntv] 10/2/2023 09:47

Rhodium appears to be creeping back up too

[ntv] 10/2/2023 08:24

Chrome price up to $298 according to twitter
They must be raking it in

[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!