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Yea peanuts, which does more harm than good.
I've not posted on here for a few years but have doubled my holding yesterday. Long term holder having bought most sub 10p, albeit top sliced a few at £1.20. Now primed, and ready for the climb back to £1 as metal prices recover (unless we get snapped up before...) Fill yer boots..............
60,000 shares.
IC is usually way too early with their "tips". I remember they were tiping CMCX at 170p last year with a "Strong Buy" and it ended up bottoming around 95p
Indeed Quiggers,
Let's see where this bottoms out. They've been operating successfully at these levels before. I don't mind if other miners pack it in.
Am happy with that divi. Better than anticipated.
Best
Investors’ Chronicle is pushing this as a recovery play with recovery in PGM prices just around the corner. A bit like Rishi Sunak telling us higher economic growth, lower inflation and improving public finances are just around the corner. I’m sceptical.
Https://www.investorschronicle.co.uk/ideas/2024/02/22/sylvania-platinum-looks-like-a-recovery-buy/
GLA
Sylvania are expected to yield 6-7% assuming they continue with their previously announced dividend policy to pay the initial third at half year and basket prices hold up. PGM prices have already collapsed and with regional uncertainty surrounding the future of marginal mines in South Africa we can probably say with some degree of confidence the basket price won't drop another 50% from current levels.
Dividend Policy - effective 1 July 2022, the New Dividend Policy will be able to pay out a minimum of 40% of adjusted free cash flow for the financial year. Where annual dividends are declared, these will be paid in two tranches with an interim dividend equating to one third of the forecast full dividend and the final dividend equating to the remaining unpaid balance of the minimum of 40% of actual adjusted free cash flow. The payment of dividends remains at the discretion of the Board.
Would be no surprise if a takeover offer came in over the coming days. Highly attractive company with no debt and lots of cash.
The highest volume since sep 2021 but it's down 7%. You ignored the warnings its 40p
Not far off.
Rhodium has already bottomed and up in the $4,500-$4,600
Palladium is also ticking up
The net basket price is $1029, and the AIC is $1037. Several other PGM miners are now making structural changes to their business because of fundamental changes in PGM's. Meanwhile, the broker and SLP seem to be brushing this off and still in a note released today expecting $33m net this year after doing $3m in H1 with flat prices.
When the first paragraph of the CEO’s statement is about the Health and Safety record, you know they don’t want to talk about the financials. We already knew the Q1 and Q2 results so there’s little new here but the tone of the commentary is one of being in denial about the low PGM prices, over which they have zero control. I agree the ICE will still be alive and well long after 2035 but that’s a long way distant.
So there we have it - 1p (or cash out of USD 3.36mn) another 425 squid which I wasn't expecting. Thanks Jaco et al. If this drops back to 40p then that is another 1063 shares to add to the bottom drawer.
Cycle will at some point start to tick back up it always does in the long term. Sort term this is not the place for investors.
Luna must be ecstatic - he/she gets their wish.
This one is going back to 40p at least according our AI tool. 3 new warnings found today
"Our goal is the same, the broker's goal is not the same"
House broker updated with expectations of $33m net profit in 2024 when half of that has been completed with $3m done, that's a pretty big H2 expected Ben @ Liberum, that's $17k Rh today remaining there for the entire H2. Nothing is impossible but this appears to be in that category.
Agreed. Nice bottoming pattern. I got in this morning.
Appears the CA x3 was met yesterday at 50p and that IMO allows for a 20% trade to my current fair value 61, would be surprised if SLP did not buy back some shares yesterday. Fewer people here (inc myself) will consider this overvalued so 50p area is a good place for SLP to defend and make better use of the $6m interest income. All about the TA now.
Https://www.reuters.com/business/autos-transportation/toyota-outshine-rivals-more-consumers-opt-hybrids-amid-ev-slowdown-2024-02-02/
https://finance.yahoo.com/news/toyota-crushing-hybrid-vehicles-tesla-001535309.html
Massive re rating coming in several sectors that have been written off due to EVs. Premature. EV hype overdone.
Positive for SLP also and demand for PGMs.
Bangrak - I can only imagine the people who disagreed with you were shareholders and fearful therefore of the worst case scenarios playing out. It's obviously not great for those still holding and sitting on losses.
Those of us who have held Sylvania in the past and are looking for an opportune time to reinvest aren't too interested in talking down the stock either, as it so often rubs people up the wrong way.
Basket price has bottomed IMO.
Wow
I asked Bing if PGMs are used in batteries and got the following reply:
Certainly! Platinum group metals (PGMs) are indeed utilized in lithium batteries, particularly in the pursuit of more efficient and advanced energy storage technologies. Here are some key points:
Lithium Batteries and PGMs:
Platinum group metals (which include elements like platinum and palladium) play a crucial role in enhancing battery performance.
These metals are used as catalysts within the battery system, specifically in the cathodes.
The goal is to improve rate capability (how quickly the battery can charge and discharge) and reduce the charge over potential.
PGMs contribute to the stability and efficiency of lithium batteries.
Recent Developments:
Platinum Group Metals (PTM) and its subsidiary Lion Battery Technologies have been at the forefront of this research.
Lion Battery Technologies was established by Anglo American Platinum (Amplats) and PTM to accelerate the development of next-generation battery technology using platinum and palladium.
The US Patent and Trademark Office has issued a second patent to Florida International University (FIU) related to the use of PGMs in lithium batteries.
The patent covers a preparation method using PGM catalysts in carbon materials for cathodes in various lithium batteries, including lithium-ion, lithium-air, and lithium-sulfur batteries1.
Potential Applications:
PGM-enhanced batteries have the potential to significantly improve the performance of battery electric vehicles (BEVs).
Additionally, PGMs find applications in other green technologies, such as cleaner emissions equipment for internal combustion engines and hydrogen fuel cell power generation in cars and trucks12.
In summary, PGMs are making strides in battery technology, aiming to create more efficient and sustainable energy storage solutions. 🚗⚡🔋
If this is correct, then regardless of the type of vehicle PGMs will be required. How much of each metal there would be in each type of vehicle is not clear from the above, but electric vehicles contain large numbers of cells so intuitively one might expect them to need more than trace amounts. In addition, there are various battery storage schemes being developed to support electricity generation projects. This suggests the future might be brighter than the market is currently suggesting.