Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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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
Hi jansonb, I understand your sentiment and honesty and wish you well.
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.
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
Rhodium finally moves after nearly three months stuck at $4100 on Jmat, to $4250
Chromium also up 3.5% yesterday and today after being stuck a while on investing.com. I bought a few more today.
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.
Sotolo,the SAfrican chrome proce CIF China
.....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!
Jmat seems to presage cif china, their rh price is up again this morning, phew will it last?
Https://twitter.com/sino_market/status/1712383304333427095?s=48&t=KWQbOOr1guo0pPbcpvroUQ
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
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
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?
The S African 40-42% chrome concentrate price CIF China is $295-305/tonne this week compared to 300-305 last week.
Well jmat rh is now up over 20% this week at $4900 so basket back over $1400 if they are right..
If the price of any commodity falls significantly for a prolonged period the natural market reaction is for the higher cost producers to stop producing as they're making a loss, and for producers as a whole to cease investing in new projects as the metrics are no longer attractive.
Then eventually a shortage of the commodity, driven by lower availability will force up prices, and those who weathered the storm and are still in the game do very well out of it.
So my thoughts are where does THS rank compared with its peers in its costs? Certainly it ranks well in terms of debt, or lack of it. I've always thought of it as a low cost producer?