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Sylvania Pl Share Chat (SLP)

Share Price: 29.00Bid: 28.50Ask: 29.50Change: -0.50 (-1.69%)Faller - Sylvania Pl
Spread: 1.00Spread as %: 3.51%Open: 29.50High: 29.00Low: 29.00Yesterday’s Close: 29.50

Share Discussion for Sylvania Pl

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Posts: 11,483
Opinion:No Opinion
RE: Basket
15 Mar '19
Completely agree and today's rise is the beginning of another leg up I hope. Sold all my SHG to buy more here today. Highest purchase price I've ever paid for SLP shares!
Posts: 506
Opinion:No Opinion
RE: Basket
15 Mar '19
Whilst more volatile, SLP's PGM basket is currently more than spot gold price now. For those new that might not know the breakdown of SLP Platinum Group Metals (4E) basket price per Oz:

Platinum: 62.7% ($825)
Palladium: 24.5% ($1,545)
Rhodium: 12.6% ($3,195)
Gold: 0.2% ($1,295)

= $1,300 per 4E PGM Oz

SLP do have "by-products" Iridium ($1,485) and Ruthenium ($275) which make up the "6E PGM Oz". And each quarter they provide metrics on 6E basis too, but 4E PGM reporting is the primary reporting. It should be noted others like JLP and THS report on a 6E basis and if SLP did this, comparing like for like, SLP's production would be over 100,000 Oz p.a.
Posts: 1,025
Opinion:No Opinion
14 Mar '19
Despite Pt tanking 2% the current basket of $1300 is $20 off the record high since I've been tracking it (January 2014). In ZAR terms its setting new highs every day, 5 years ago it was 12500 and today it's a touch under 19000. Nicely timed step change to coincide with the increase in production.

At today's prices our PGM revenue split is Pt/Pd/Rh 40%/29%/31%.

In 2014 it was 73%/16%/11%

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