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ASCENT RESOURCES: Gas flows mean cash flows to develop up to 15 wells


Sylvania Pl Share Chat (SLP)



Share Price: 12.25Bid: 12.00Ask: 12.25Change: 0.00 (0.00%)No Movement on Sylvania Pl
Spread: 0.25Spread as %: 2.08%Open: 12.125High: 12.125Low: 12.125Yesterday’s Close: 12.25


Share Discussion for Sylvania Pl


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MatrixObserver
Posts: 1,766
Off Topic
Opinion:No Opinion
Price:12.25
RE: SLP Basket Price...
Sat 10:02
Dohhh ;-}

14,197.63 ZAR
 
MatrixObserver
Posts: 1,766
Off Topic
Opinion:No Opinion
Price:12.25
SLP Basket Price...
Sat 10:02
For w/e 18/11..

Basket up just over 110 ZAR, Rhodium had a better week, but USD weakened versus ZAR, so pretty much neutral week...

Good luck all
ragnarlothbrok
Posts: 235
Off Topic
Opinion:No Opinion
Price:12.125
RE: SLP
Thu 23:07
My other holdings have been a wall of misery this last week but SLP hanging in there. i've been topping up here gradually over the last couple of months in anticipation of a transformational year next year. Rand basket today at a 2 year high, not far off in USD. Rh roaring back to life. Rand has partially decoupled from the platinum price over the last couple of weeks and is around 1 year lows. All the starts are aligning here and remember...

EV/EBITDA<2, ignoring cash
60% discount to book value
1 year forward P/E of 3 (!!!)
Payout ratio of 30% would give a dividend of yield of 10%

Dont trust consensus, its hopelessly out of date but target price of $0.26 has the right idea
the_shareminator
Posts: 10,769
Off Topic
Opinion:No Opinion
Price:11.75
SLP
Wed 17:00
Holding up fairly well whilst most other small scale producers / explorers are dropping. Rhodium back to $1450 now
Backwoodsman
Posts: 560
Off Topic
Opinion:No Opinion
Price:12.125
Movement
Tue 12:54
12.05 dummy sell
ragnarlothbrok
Posts: 235
Off Topic
Opinion:No Opinion
Price:12.125
RE: SLP Basket Price...
Tue 12:31
Shareminator implied refining fees have been coming down for the last 4 quarters and the most recent quarter seemed to be exceptionally low. The price that SLP quote is before processing but if you compare this to the net realised basket the gap to market is narrowing implying a lower processing charge. It may also be a fixed charge per oz which means as price rise this will further support margins.

Regarding production, if Q1 was 16.6koz and full year is 75koz including Phoenix then implied Q2-Q4 SDO production is 17.8koz per quarter. Assuming a marginal ramp up would weight production to back end and would support further growth in SDO production in 2019. All in all over the last week I have upgraded my cash flow forecast for SLP and agree 100% this will be throwing off cash at spot. Maybe a touch of optimism but I think they can afford a 10% divi over the next 12 months
the_shareminator
Posts: 10,769
Off Topic
Opinion:No Opinion
Price:12.125
View Thread (2)
RE: SLP Basket Price...
Tue 12:11
Nice little bounce here, 12.5p on the ASK. The markets are upset with IMPALA right now and LMI are not in the clear yet. The market value of cash cows like SLP should continue to build :)

Matrix - That may well explain why the difference has increased more recently although it continues to improve as a percentage even quarter on quarter (the trend is intact).

ragnar - Was the size of the refining fee last quarter unprecedented? It's good to see it fall this quarter but I seem to recall the company were aware it was unusually large.

Regarding phasing in production, there shouldn't be much of a bias in the latter quarters given it is operational and there was no intended ramp up. They are looking to reduce costs and I would expect that to begin to take effect in the next couple of quarters. With MF2 improved PGM recovery efficiencies should sustain output despite Steelports planned closure and it will lower PGM production unit costs (offseeting the somewhat higher Phoenix cash costs). In 6-12 months time we will be throwing off considerably more cash thanks to lower all-in costs, higher production and a steadily increasing basket price that shows no sign of slowing down. It all looks weighted to the second half of the financial year but it's not long to wait
bonker99
Posts: 40,499
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:12.125
RE: Bonkz...
Tue 12:08
Been watching for a while mate :)

This never really took off when we were in before but I like how it's shaping up now and I've got an eye on LMI going under too for a plat boost ...
Dan_The_Man
Posts: 12,592
Off Topic
Opinion:No Opinion
Price:12.125
Bonkz...
Tue 11:51
You following me around lol...
bonker99
Posts: 40,499
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:11.875
RE: Lift Off
Tue 11:24
Picked half an hour ago @ 12.00p.

GLA




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