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Share Views: Mike van Dulken on today's Company Results and Macro considerations


Sylvania Pl Share Chat (SLP)



Share Price: 9.25Bid: 9.00Ask: 9.50Change: -0.25 (-2.63%)Faller - Sylvania Pl
Spread: 0.50Spread as %: 5.56%Open: 9.50High: 9.50Low: 9.00Yesterday’s Close: 9.50


Share Discussion for Sylvania Pl


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Treadstone
Posts: 3,398
Observation
Opinion:No Opinion
Price:9.50
the_shareminator
Today 12:05
One thing I can say this co. is no leaking ship. The lid is screwed down tight. News should be good and we'll know soon enough.
 
the_shareminator
Posts: 10,678
Off Topic
Opinion:No Opinion
Price:9.50
SLP
Tue 18:11
Typos are a bigger lol! #buggerit!
the_shareminator
Posts: 10,678
Off Topic
Opinion:No Opinion
Price:9.50
RE: SLP - low cost miner
Tue 18:08
Visitor agree with each of your points you made and they illustrate nicely just why SLP will continue to do well.

The issue we have as shareholders is the absence of news during periods between quarterly results. Sometimes this is not such an issue like late last year when SLP made substantial gains rising from current levels to around 14p. But with platinum's performance so far this year this just feels unloved. A quarterly dividend would change that but a cheaper might be a grassroots exploration project in our backyard. There will be no end of potential projects and we do after all have a sizeable sum of cash. Can we not utilise that better? Seems our management are still content to sit on their laurels and oversee Project Echo. Let's pick up a license or buy into a distressed miner for example SHG a gold producer struggling to transition into underground production because of financial issues among others. Companies like this if they survive will be worth multiples of their current market value in a couple of years time. Shareholders there might suffer the consequences of dilution short term but they have a vision and are taking reasonable steps to achieve it. I just wonder what our vision is with all this spare cash. Maybe the vision will be revealed as pgm prices move higher in the next few years.

We do need to see more mine closures like the one you highlighted. Atlatsa was a decent size operation and was heavily laden in debt. It will take a few years but gradually high cost output will reduce and physical supply reach a tipping point. Once investment demand grabs a hold of this sector and spins the well known long term deficut of future mine production then we will see PGM prices surge, similar to 2009-2011 I would expect. On another point if you were to buy platinum or palladium and have it deceived to your door it would be at a huge 20-25% premium. Even to store it with an investment bank (to avoid VAT) is still poor as a short term investment unless you're mega rich and don't mind paying £120-150 year storage
aston74
Posts: 3,040
Off Topic
Opinion:No Opinion
Price:9.50
RE: Results due next week ?
Sun 22:14
If on time...Q4 results should land on friday
Mrmarket
Posts: 514
Off Topic
Opinion:No Opinion
Price:9.50
Results due next week ?
Sat 23:22
Are we expecting them next week guys?

cheers
Visitor
Posts: 183
Off Topic
Opinion:No Opinion
Price:9.50
SLP - low cost miner
Sat 07:59
As Shareminator mentions SLP's cash costs are incredibly low, as is the Capex to ensure LoM for 10yrs (Project Echo - $12m of which circa $2m already spent Q1)

Perversely this depressed Platinum price in long-term could benefit the low cost miners like SLP immensely, with a sharper correction when it finally comes. Lonmin has showed a strong turnaround this Q, but I'm not convinced it's sustainable in long-term and not sure how long they can bump along with platinum <$1,000.

Remember traditional Platinum mines are deeper and more expensive to mine than Gold ones. All-in costs for most are > $1,000. One mine has just this week been suspended due to low prices: http://www.businessinsider.com/r-toronto-based-atlatsa-to-mothball-south-african-platinum-mine-2017-7

Palladium is still strong and Rhodium appears to have sneaked back above $1,000... Interesting times
the_shareminator
Posts: 10,678
Off Topic
Opinion:No Opinion
Price:9.50
SLP
Fri 18:01
Wish I had bought more but can't complain about my top up this afternoon, there seems to be momentum behind us now but why are the mm's so slow to take us up? A possible chunky sell order being filled or maybe...

Agree with what the poster below quoted about Trader_007's comments and to add to that platinum is moving up.

What is encouraging is out cash costs will fall each year now as we ramp up Project Echo. This is not so important if you're already one of the lower cost PGM processors which we are but it feeds into greater profits especially as we rely on wider margins rather than greater output for growth.

I expect buying will continue in anticipation of results due out later this month and if the sector is enjoying an uplift that won't hurt us here. Good luck all :)
louis007
Posts: 767
Off Topic
Opinion:Strong Buy
Price:9.50
RE: Sp
Fri 14:49
It's actually 9.50 and 9.10 on HL, so under 5%.
Johnny1949
Posts: 215
Off Topic
Opinion:Strong Buy
Price:9.50
Sp
Fri 14:06
Pity about the spread but investors are waking up to the possibilities of a re rate soon!
MasterRSI
Posts: 3,626
Premium Chat Member
Off Topic
Opinion:Strong Buy
Price:9.375
RE: Tramlines broken out
Fri 12:46
Moving up to 9.50p +0.375p

Once broken the downtrend now is moving forward with volume, pity the spread is so large 9 v 10p




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