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Well jmat rh is now up over 20% this week at $4900 so basket back over $1400 if they are right..
The S African 40-42% chrome concentrate price CIF China is $295-305/tonne this week compared to 300-305 last week.
Chromium ticked up again today on Investor.com now up 5% this week, I know not the same as what we sell ours for but usually ultimately go up in tandem and had been stuck a while like rh albeit at much higher prices. I pay for my new ev today. Wltp range 460 miles, wow, except wpa range which is more realistic is 360 and going at 80 on autobahn in winter probably nearer 240 and then should charge between 20 and 80% or degrade battery so only 60% useable, so 140 miles, so a lot of people re going to hear this from friends and neighbours and need hybrids for journeys if like me hate idea of queuing in a service station every 150miles and then waiting another half hour while charges (and degrades battery by speed charge). I hate service station junk food. So maybe hybrid demand will keep up?
There has been a flicker of improvement in Rh price this week which bodes well although we still have a lot of catching up to do. But it's not not just pgms we rely on Chrome is doing well to support our commitments at Karo.
Johnson Matthey released a series of videos a couple of months back looking at pgms well worth your time this is just one there are several.
https://youtu.be/n7BjuMqTADg?si=pKrogcjtbse9sHJZ
Jansonb - I'm in a similar boat ... got an average north of £1 ... but I'm sticking to my conviction that this is worth 125p !
Even with the gloom of lower production and prices for PMG's I have to look at the fact we're trading on a p/e
Jmat seems to presage cif china, their rh price is up again this morning, phew will it last?
.....is actually the same as last weekend and with the holiday in China last week and rising arrivals I would not be surprised if the next price is down around $5/tonne. Still) looks good long term!
Sotolo,the SAfrican chrome proce CIF China
According to the Tharisa website the Q4 Production Report expected today will now be 17th October and the FY2023 Accounts have been delayed to 4th December.
Chromium also up 3.5% yesterday and today after being stuck a while on investing.com. I bought a few more today.
Rhodium finally moves after nearly three months stuck at $4100 on Jmat, to $4250
For those with patience and a stout heart, they should be rewarded :-) Berenberg cuts Tharisa price target to 190 (270) pence - 'buy' Berenburg is still relatively positive
By my estimation the company will still be churning out good profits, particularly on chrome. Whilst Zimbabwe looks ill timed the company shouldn't be too financially stressed building it so I don't see anything too sinister. The dividend should also be secure albeit for the moment being paid out of increased debts
All small companies not least minors have been caned recently. Mr Market is not interested. However, I'm happy to take the dividend and wait for Mr Market to change her mind.
Hi jansonb, I understand your sentiment and honesty and wish you well.
Bought and topped up in 2021 around £1.25 to £1.45. Held on for far too long and finally gave up today. Price continually falling and company silence is deafening so I have swallowed the loss. With my timing it will probably sky rocket so all who are holding on all the very best. Can't see any silver cloud at the moment and any forecast is guesswork
You condescending idiot. You don't have a clue.
Do you know what a cost curve is? You're another one of these retail morons lurking on LSE with nothing useful to contribute. Go back to your day job.
Hope Karo is on budget -shareprice keeps falling despite constantly high chrome price.
Hope there is no nasty news on Wednesday -
At these prices surely it makes sense to buy some shares back -
Have any cost savings been identified in relation Karo?
How on earth do you expect anyone, to know when or if PGM suppliers I'll cut production. The companies themselves will decide that based on quite a few factors. It's not just price that will determine this. I think you need to do some more research yourself.
I would like to have clarity on where THS stands on the PGM cost curve, including chrome contribution at different chrome price levels. Also Karo, as a standalone operation. I would like to see a chart of where the big mines stand on the cost curve, vs THS at various chrome price levels, and Karo, to offer a visual representation of who will shut production first if PGM prices continue to fall from here. This is important to understand and I can't find such information.
Sure, storage key to any energy issue, we do have some research on this but nothing commercial thus far
Agree -a dividend increase would be good to help shareholders but it will probably be cut due to the vast amounts being pumped into karo.-believe this is the main reason for the sinking shareprice-SLP and JLP are holding up reasonably well
Surely something should be done to try to stop the daily shareprice erosion on very small activity -a share buyback would help
The other alternative is a management buyout.
The unknown factor is of course Karo
Jammyc -the Chinese of a Middle East Wealth Fund looking to secure a long term income stream and secure supplies of chrome and. PGM
Simply look at the balance sheet at 31/3/2023 -the balance sheet total after deducting all liabilities and minority interest is $603 million dollars -divide this by 1.2 and the number of shares you get £1.67 per share-also the P/E ratio of about 5 probably equates to this price.
How much would it cost to build the Tharisa SA operation today-probably more than$600 million ?