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Sylvania Pl Share Chat (SLP)



Share Price: 9.375Bid: 9.25Ask: 9.50Change: 0.00 (0.00%)No Movement on Sylvania Pl
Spread: 0.25Spread as %: 2.70%Open: 9.375High: 9.375Low: 9.375Yesterday’s Close: 9.375


Share Discussion for Sylvania Pl (SLP)


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leas
Posts: 3,290
Answer
Opinion:No Opinion
Price:20.25
rhodi
15 Mar '12
Just got up to see the sp showing further resilience. Looks as though the sp is discounted the selling of the iron ore assets. The RNS can answer some of your questions but not all. Not so sure what cut off point there is, but I read it as a like for like share issue. As it stands today it is the suspended sp of MRG. You would have to contact them directly for specific dates but is due to be completed on the 30th of May. MRG shares will resume trading once the shareholder report has been printed and distributed to them. After that stage there is likely to be a placing in order to raise funds to develop the iron ore business. The new company will have 2 CEO's appointed to join the board from SLP to ensure experience and continuity. SLP will then be able to focus on the PGM side of the business, lowering costs and continuing to grow. I think there is likely to be a bit of early volitilty in the sp of the new look MRG but do not be too quick to write them off. The b.o.d. are likely to be very bullish on the companies outlook in order for any future placing to be successful. Hope this helps, good luck in all your investments.
 
rhodi
Posts: 1,861
Off Topic
Opinion:No Opinion
Price:20.50
help please
15 Mar '12
does anybody know what the benefit to shareholders will be on the finalisation of the iron ore sale. Secondly in what format will we see a reward and lastly when do you have had to have held the shares from and has a date been given yet on this matter. Any help from those more up to speed would be very much appreciated
leas
Posts: 3,290
Observation
Opinion:No Opinion
Price:20.63
ASX and Asia markets
15 Mar '12
SLP currently trading at 2 cents up and Platinum at $1661 on the bid FOLLOWED by Gold at $1641. The gap has been pretty much the same for the last 9 hours.
leas
Posts: 3,290
Off Topic
Opinion:No Opinion
Price:20.63
syn
15 Mar '12
btw I did invest in FIF which you highlighted in 2010. Held for 16 months and sold in Feb (25% return) I still have ORM, sold SXX at a good profit despite your concerns. MXP and ORM have held my pf back a little. IQE will always be a liitle gem but decided to sell into the t/o rumour but maintain a small number of shares. I am surprised Bailey Clark has not returned to SLP, risk v reward look good to me.
leas
Posts: 3,290
Answer
Opinion:No Opinion
Price:20.63
syn
15 Mar '12
Morning syn. Been looking for last couple of days. Does seem very cheap. What is your view on the current weakness in sp? I have them on my 'watch list' now and will use some cash by selling a batch of some shares in an oily I have. It is a matter of timing at the moment and risk v reward.
syntaxity
Posts: 2,330
Question
Opinion:No Opinion
Price:20.63
leas
14 Mar '12
hope u got a piece of that russian bird. she was a little weak today - perfect time to take advantage, as in a first batch. =)
syntaxity
Posts: 2,330
Research
Opinion:No Opinion
Price:20.50
all
14 Mar '12
good morning folks. more interesting stuff :-

"South Africa’s platinum-group metals (PGMs) production fell nearly 20% year-on-year in January, as the six-week strike at Impala Platinum’s (Implats’) Rustenburg mine hurt output."

source: http://www.miningweekly.com/article/sas-platinum-output-slumps-nearly-20-in-january-2012-03-13

how important is rustenberg and will they get back on track soon? i don't think so...

"Implats CEO David Brown cautioned last week in an interview with Reuters that it would take "a few weeks" to get back to full production."

"Implats accounts for close to 25% of global platinum output."

source: http://www.miningweekly.com/article/implats-says-rehiring-no-rustenburg-restart-soon-2012-02-13
leas
Posts: 3,290
Off Topic
Opinion:No Opinion
Price:20.00
madness
14 Mar '12
Fully funded for expansion, no debt and making profits. Not to mention assets and current price of PGM's. MC of £60 million. Buy back of shares... crazy world of investment
mystic
Posts: 2,282
Observation
Opinion:No Opinion
Price:20.00
and making profit
14 Mar '12
Profit/ (loss) before income tax expense

1,711,680
(822,309)

Income tax expense

(1,264,473)
(1,638,636)

Profit/ (loss) for the period

447,207
(2,460,945)





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