Rainbow Rare Earths Phalaborwa project shaping up to be one of the lowest cost producers globally. Watch the video here.
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Started: Tharisa, 20 Jun 2024 09:35
Last post: Moneyman64, 21 Jun 2024 12:56
Hopefully if chrome prices hold together with a combination of slightly higher Pgm prices,the share buy back program with a more favorable political situation in SA we might see a shareprice of £1 if production targets are meet
Swings and roundabouts. General direction looks positive.
Had a call from CT today. Many batteries have gone flat after nearly 24 hours off grid. May progress on Redox One be going well.
Pricing is spot on, and yes, stainless steel pricing has weakened but supply inquiries to us have not
• While many physical markets have weakened over the past month, chrome ore has bucked the trend with spot assessments rising to $320/t CIF China. This is now 5% above the peak level seen in 2023, and comes amid strong ferrochrome output gains in China. However, stainless steel prices have weakened recently, which may act as a near term cap. Chrome ore inventories at Chinese ports are currently around 2.6Mt according to latest Fastmarkets assessments, which is low compared to historical norms.
Started: Troajan, 7 Jun 2024 07:56
Last post: Tharisa, 18 Jun 2024 07:31
Dividend stands, and yes, there as a correction to tax treatment that we issued for RSA residents, payment dates and most important quantum, stand
Thank you for clarifying
So the stock is now exdividend?
I don’t know what HSBC was on about
As 2fatcatz has said there was a correction issued on 24th May, but this appears to be for SA tax residents. There has been no other communication from THS, or my two UK brokers, so the dividend stands as far as I can tell.
Ex Div: 13th June
Payment: 26th June
UK 1.17869p
I have had nothing from my broker. A correction was issued on 24th May, so HSBC may have gotten their wires crossed. If the divi had been cancelled then an RNS to that effect would have had to be issued.
Hi all
I have received two letters from HSBC invest direct one saying the amount of interim divi dated May 24 the other dated a day later saying the divi is canceled!!
Is that correct has the company cancelled the interim divi?
Please if anyone knows let me know
Many thx
Started: viable, 14 Jun 2024 17:27
Last post: viable, 14 Jun 2024 17:27
. . . hoping management sleep easier and Steenhuisen et al (W Cape) can knock some sense into Ramaphosa.
Our logistics are running as smoothly as always, we continue to use Maputo and RB for the bulk of our material, and Durban is ruing smoothly. As you know, DP World is pending large sums of capital in Maputo and this we believe this will only enhance the opportunities to export c=via Maputo, although under the new leadership of Transnet they are working hard to restore the ports optimal functionality. Beira is far, I suspect they will look to Zim for chrome export although with the ban in place, not too sure how much will come out of Zim, for nw for us, everything as per normal , as for Saldanha, dedicated harbour, Walvis prohibitevely expensive from where we are
> PS Ilja can comment on WalvisBaai as a possible conduit or even Saldahna. As a final resort both could be an ideal solution. I'd forgotten Sishen/Saldahna functions very well.
Reference to the port was for the future. I keep random tabs on a few sailings, the most recent being Ardennes and JagRishi. It's not anywhere near a hopeless situation as seven carrier operators are using the port. Not long ago I was also keeping tabs on Shabaab who were slaughtering villagers around Cabo Delgado . . . getting closer to WEN gas interests in which I had a few bob.
If Ilja says LM/Maputo is functioning quite well that's okay by me . . . JacobZ and JuJu (plus paymasters) can potentially create mayhem in Kwazulu. Alternative routes are a prerequisite.
https://www.freightnews.co.za/article/beira-increases-chrome-storage-area-0
Fortunately my activities are elsewhere these days . . . like chatting to clifftop retired RN officers at the lookout along the Jurassic re illegal rubber boats and checking on my favourite Parex Kimmeridge well still chugging away since 1965.
Started: Moneyman64, 31 May 2024 15:32
Last post: Moneyman64, 31 May 2024 15:32
Hoping for a coalition between the ANC and the DA with the EFF kept out.
Any coalition involving the EFF would be very bad for the mining sector -although may not even get combined vote of over 50%
Started: raxfactor, 29 May 2024 11:06
Last post: Mike1959, 29 May 2024 20:27
Raxfactor, thanks for this article. Some very interesting comments although I do not agree with some of his assumptions and some of the Tharisa/Karo numbers are now well out of date.
If we accept the stated recent Johnson Matthey PGM demand/supply numbers then there is clearly a deficit in 2023 and 2024 for Pt/Pd/Rh. But this does not take into account the build up in stocks during 2021 and 2022. So for platinum stock increased 1135k in 2021, increased 472k in 2022, decreased 518k in 2023 and estimated to decrease 598k this year, but between 2021 to 2024 the cumulative figure is still an increase in stocks of 491k oz. So for me we still need to see a continuing deficit to the end of 2025 to see a big price increase. In his interim report comments, PP noted "the PGM price is ignoring the schism between supply and demand". I agree but the market sentiment seems to be sceptical of the reported deficit and stored stocks are not fully known (Russia has been a big seller to China/India in the last 2 years) while ICE demand over the next 10 years is highly unpredictable so PGM prices will require further undeniable evidence before a substantial price improvement happens but when it does the increase could be sizeable. For me we will have to wait until next year for that and between now and then further painful production cut backs will inevitably take place.
The oak bloke has put out this article today
Stellar review of Ths versus the rest with ths coming out on top, all areas of the business are looked at well worth your time to read.
https://open.substack.com/pub/theoakbloke/p/ths-might-be-a-good-time-for-ths?utm_source=share&utm_medium=android&r=5hab1
Started: Ian.B, 29 May 2024 11:29
Last post: Ian.B, 29 May 2024 11:29
Started: raxfactor, 28 May 2024 14:18
Last post: raxfactor, 28 May 2024 14:18
Interesting commentary about pgms in general worldwide, situation in SA, plus a mention on how load shedding is improving with private business help and government partnerships which also applies to the rail network which is used in Chrome transportation.
All the usual topics mentioned ice vehicles, hydrogen etc.
https://youtu.be/47-_OnRmSwc?si=dy6BkiMZ43ZL8XYi
Started: Tharisa, 28 May 2024 11:37
Last post: Mike1959, 28 May 2024 13:40
Chinese chrome concentrate imports up 10.73% for Jan-April 2024 compared to same period last year and the chrome concentrate price is now at a 6 year high. Each one $ increase in the price adds $150,000 to Tharisas monthly turnover.
Viable- I agree that the Redox technology offers fantastic potential but with other competing technologies /routes, it will take sometime to see if it is one of the winners.
I think Maputo has already done that!
Is Maputo likely to overtake RichardsBay for all round competence / efficiency ?
Noted . . . keeping an eye on HongKong supply channel . . . and all available literature on Redox is fascinating. CSIR research on subject is reassuring. Exciting times ahead.
Started: hxulcolrdoh, 26 May 2024 17:08
Last post: hxulcolrdoh, 26 May 2024 17:08
It is now just over two years since THS shareholders expecting to reap the rewards of a bouyant commodity market had their hopes dashed and Phoevos with the quote "Capital will need to be more patient, or willing to explore new regions" announced the Karo Mine Holdings project.
THS was then 145.5p. It will be a long time before that price is revisited.
Since then the role of the two joint partners in KMH has been that Tharisa has supplied a lot of CAPITAL while Medway Developments has supplied NO CAPITAL but is supplying PATIENCE and looking forward to a 25% stake in the enterprise if and when it is completed.
No hindsight was required to see that Karo with a price tag of $391m to First Ore In Mine was a massive (and reckless) gamble on future commodity prices for a company the size of Tharisa. The outcome was always going to be somewhere between spectacularly bad to spectacularly good.
On the PGM operations I believe Karo would be slightly less profitable than at Tharisa. However frankly it doesn't look like PGMs at Tharisa are making money at present (in theory PGMs had a gross profit of $11.4m and chrome $66.1m - however this was after an expenses re jig, chrome expenses jumped from $70.1m -> $115.8m while PGM expenses were chopped $88.3m -> $66.3m ????).
Maybe commodity prices will recover quickly enough to deliver a 'get out of jail free' card to management re Karo. If so this will still not vindicate an originally ill advised decision.
Just an opinion but I'd suspect what was best/prudent for Tharisa shareholders in March 2022 took second place in the KMH investment decision to the potential outcome for Medway Developments.
Certainly without the Karo decision the '$100m in dividends over 9 years' record at Tharisa could have been substantially improved upon.
Started: Ian.B, 23 May 2024 16:00
Last post: Mike1959, 24 May 2024 20:08
A pretty solid set of numbers for me with the usual ups and downs. Af ew comments:
* with a relatively small fair value adjustment the PGM revenue confirms the payability is nearer to 80% rather than the often mentioned 85%.
*Chrome revenue was boosted by sales exceeding production by 56,800 tonnes.
*as Moneyman has previously commented the massive bought-in ROM has boosted speciality production and Agency revenue but at the same time massively increasing cost of commodities in COS.
*mining contractor costs in COS were massive but money well spent if it keeps production going now and in the future.
*the Karo assumption figures on page 45 have reduced to 205,000 tonnes/year production and a PGM 6E grade of 2.8grams/tonne with a current open LOM of only 11 years.
*Karo capital for H2 only around $38m so looks more in tick over mode rather than 2025 production mode to me.
*Net cash flow of $86.2m and net cash of $86.2m are excellent.
* as others have stated, I too was disappointed that the interim dividend is only 1.5 cents but I am will to give the Company the benefit of doubt and see what the total figure for the year will be. If current PGM/chrome price are maintained then H2 should be better than H1 and for the full year I expect PAT $83 m so total dividend 4.5 c( interim 1.5, final 3.0).
*a brief mention on the transition to underground but I would like to see considerably more in the FY accounts as I think it will be much sooner than most of us are expecting and so more costly.
*no mention of the recent friction with the village local to Tharisa .
Thanks for the insight. Hope Bernenberg's optimism was not just being fuelled by that feeling of immense well being you get after a few glasses of fine red.
I too think THS is undervalued but I would really like the market to agree and revalue it as I thought it was undervalued when I bought in at twice the current SP.
Best wishes,
Prof
We had a PCB lunch in London yesterday organised by Berenberg, their summary below
Tharisa (BUY) – excellent catch up with management yesterday over lunch with the CEO – compelling value opportunity here to back up the truck on this incredibly well ran business. Chrome prices remain elevated and this will act as a tailwind for H2 cash generation, in our view, and provide a stable base as the Tharisa mine stabilises over the next six months. We remain Buy-rated, TP 120/sh. Stock on 0.52x NAV and 3.4x 2024E EBITDA – too cheap, and at some point that value disconnect will HAVE to close.
Excellent and further enhanced by Q&A session.
Started: Tharisa, 23 May 2024 06:14
Last post: Robdog67, 23 May 2024 13:46
Just like to say thanks for answering the concerns raised.
As long as the plat price stays above 1000 dollars then the next 6 months should be a lot better than the last and I am looking for a continued increase in the market cap. A div is a nice bonus but it is the increase in share price where you make your money . When Karro starts i'm hoping the price of plat is up to 1200 and stays there. Happy days for everyone.
As Michael reitterated on the call, we have an annual dividend policy of 15% of NPAT, pay roughly 40% at interims and yes, the Share Buyback is seperate from the div policy
The actual dividend payout is 11.36 % of EPS -seems a little unnecessary to make it this low as interim last year was above the minimum 15%
Thank you Tharisa -so shareholders will still receive at least 15% of the NPAT as dividend for the year ending 30/09/2024-? -the share buyback is not a substitute for the dividend
I'm with you moneyman. I've been invested for a number of years, primarily for the dividend. Rarely trade any, don't really care about shareprice as long as they are growing. However to cut back on the dividend policy (which IMO is low anyway for a mature business) is very annoying. I'm primarily invested for the dividends, which I had hoped would grow.
Started: viable, 21 May 2024 13:32
Last post: Mike1959, 22 May 2024 17:37
....either 2.0 or hopefully 2.25 cents interim dividend.
Now expecting an interim dividend of 2cents (being 16% of 12.5 cents eps lower guidance)
Interesting to see comments on Karo ,energy storage project and any move to reducing buy in materials
With the expected range now 12.5-13.5 cents this is down a little from my guestimate of 13.6 cents which suggests the result will be "clean". I suspect the Cost of Sales will be a little higher than I expected and as Moneyman has mentioned, that we continue to buy- in significant Reef Of Mine.
Hopefully net cash will be nearer $80m than $70m.
Peel Hunt comment on trading statement
News: Tharisa has released the usual JSE-mandated trading update ahead of the interim FY24 results. This update highlights an expected EPS range of USc12.5-13.5, well ahead of our USc11 estimate. While the PGM market has remained subdued, the chrome concentrate market has stayed strong. The comment that adjusted (or headline) EPS and basic EPS are in the same range indicates to us that the upcoming results will be 'clean'.
Peel Hunt view: While the YoY comparisons are not favourable, this comes as no surprise given the prevailing PGM basket prices and we would use any weakness in the Tharisa share price to add to positions
Fairly good results considering how dismal other PGM miners results and news has been recently. Hopefully we will see a marked increase in the basket price over the coming months which will help get Karo finance sorted as I believe this is still keeping the SP down.
Started: BeanCounting, 6 Mar 2024 14:41
Last post: Tharisa, 21 May 2024 13:31
Trading statement – interim results for the six months ended 31 March 2024
In terms of section 3.4(b) of the JSE Listings Requirements, companies are required to provide guidance
to the market when they are satisfied that a reasonable degree of certainty exists that the financial results
for the current reporting period will differ by at least 20% from the results of the previous corresponding
reporting period.
Tharisa is preparing its financial statements for the interim results of the FY2024 financial year, with the
Reviewed Interim Condensed Consolidated Financial Statements expected to be released on or about 23
May 2024.
Tharisa’s headline earnings per share ('HEPS') for the six months ended 31 March 2024 are expected to
be between US 12.5 cents and US 13.5 cents per share with a tolerance of 10%. This is a decrease of
23.3% to 29.0% relative to the HEPS of US 17.6 cents per share for the six months ended 31 March 2023.
Tharisa’s basic earnings per share ('EPS') for the six months ended 31 March 2024 are expected to be
between US 12.5 cents and US 13.5 cents per share with a tolerance of 10%. This is a decrease of between
22.4% to 28.2% relative to the EPS of US 17.4 cents for the six months ended 31 March 2023, with both
HEPS and EPS being in part impacted by the nearly 40% drop in PGM prices received and increased cost
pressures.
The financial information on which this trading statement is based has not been reviewed and reported
on by the Company’s auditors.
Moneyman, Good point about SA rules requiring a SENS/RNS if accounts expected to be variable by more/lower than 20% for same period last year. My estimated numbers assumed a ~22% reduction so the lack of any SENS/THS bodes well for the actual numbers on Thursday.
The current quarterly Tharisa PGM price of around $1413 is the highest quarterly figure since April- June last year while the current chrome quarter price to date of $305 is a record high so this bodes well for H2.
Yes Sotolo-things appear to be going in the right direction barring no shocks in the SA election -for example the EFF having a say in a minority ANC government -although likely indications that others will be involved and not the EFF.
Results due on Thursday -probably get RNS tomorrow if variance of more than 20% from results to 31/3/2023 -requirement of SA stock exchange listing rules
BPat890, when we bought at 47p on Mar 15th and both posted here, you said you expected a 20-25% rise pretty rapidly. You were wrong …..it has been 60%…so far. Well done, I am hanging in along with my larger original stake, and those I added on top a week later at52p, metals are now motoring and this is wildly oversold…plus the buy back on top is huge considering how few shares are traded, thank you Tharisa
Chrome is back above $300/tonne ,the highest for 6 months and now contributing about 70% of revenue.
Started: Craigb, 21 May 2024 11:12
Last post: Craigb, 21 May 2024 11:12
Cheaper to buy then sell, few shares in circulation there going to have to raise the price to entice sellers.
Hold.
Started: viable, 19 May 2024 18:47
Last post: viable, 19 May 2024 19:21
[Looking forward to progress reports on a number of fronts including buybacks and redox storage. Dependent on outlook stock could be in short supply at some point]
https://www.miningweekly.com/article/tharisa-launches-its-redox-one-energy-storage-business-2024-03-12
Https://matthey.com/documents/161599/509428/PGM-Market-Report-24.pdf/4d557d3b-47d1-d975-c4af-5df1c81000f0?t=1715228936090
[most have probably already studied the above]
Last post: Mike1959, 17 May 2024 13:25
TT, I use www.ferroalloynet.com chrome ore analysis but as I am not a member you can only view the first line or two of each story but it is enough (you have to go through the "I am not a robot" log-in).
Ian.B, thanks and good if we all continue to contribute!
Mike thanks for the informative posts. I read often but post rarely now.
Great to see the recovery underway here.
Nice to see a reversel, been holding long term so will be nice to see us get back to around a £
Mike, where do you get your chrome prices from, i use trading economics which covers everything but chrome it seems
This week the platinum price has reached its highest price so far this year and this week the chrome price delivered China has increased to $308-311/tonne.
Started: viable, 17 May 2024 13:02
Last post: viable, 17 May 2024 13:02
Like many, I remain cautious on SA investment. Next red letter day is 29 May. Always possible that Juju and his mates cause further mayhem let alone speculating on Eskom and Transnet woes. Glad we are involved in the GreatDyke, Ngezi. Also, if further expansion is contemplated, does Mpumalanga come into the frame ?
Started: Manyaana, 12 Apr 2024 19:51
Last post: Mike1959, 8 May 2024 20:55
Likewise Moneyman thanks for your numbers. Reassuring that you have a similar number.
For "speciality" chrome the 75.4k that you mention for Oct 2022 to March 2023 is somewhat of an outlier. For Oct 2021 to March 2022 it was 176.4k, for April to Sept 2022 173.1k and for April -Sept 2023 147.8k. So for Oct 2023 to March 2024
I am expecting 160k. Speciality chrome sells for a $30 to 40/tonne premium compared to metallurgical chrome so an extra 10,000 tonnes of speciality chrome rather than metallurgical chrome would increase turnover by $300,000 to 400,000.
Thanks Mike-my broad calculations came out with a PAT figure circa $45 million -in the same ball park as yours .
Compared to the six months ended 31/3/22 there appears to be a significant increase in “speciality” grade chrome -136.kt compared to 75.4 kt
Moneyman, I agree and we will find out on 23rd May.
1. I am expecting H1 turnover of $342m (PGM 78/chrome 239/agency 23/manufacturing 1.7). I am expecting those "speciality " chrome grades to be steady.
2. We already know that in H1 the Company milled 709,300 tonnes more than mined (over 25% of the milled total) which assuming no stock adjustments is roughly the "bought in" materials for processing that you mention (this is included in the "cost of commodities" in the overall Cost of Sales), likewise in H2/2023 the same number was 544,600 tonnes. So the H1 Cost of Sales will include the cost of this bought in material. I am assuming total costs of $286m (Cost of Sales $257m , other operating expenses $29m, other net costs zero) .This gives PBT $56m, total PAT $43m , PAT attributable to shareholders $41m.EPS 13.6 cents, HI dividend 2.25 to 2.5c. It would be good to know what others expect!
3. Karo capex should be steady until the ring fenced financing is in place which will probably delay the project another year into 2026.
Not long until an indication of results for the period ended 31/3/2024.
Be interesting to see
1-Turnover figures -how this has been impacted by “speciality grade “ chrome
2-the amount paid on “bought in” materials for processing which materially adversely effected the gross profit percentage in the previous period.
3-the amount of capital spent on Karo
The platinum price has gone above the palladium price this week, it will be interesting if it stays that way.
Started: Troajan, 11 Apr 2024 15:21
Last post: Ian.B, 12 Apr 2024 15:37
Slow steady rise continuing after Q2 figures.
Metal prices up again this week.
I for one am very happy with the buyback, Tharisa is a thinly traded share with low volume so 5million buyback is a plenty, particularly given the investment need in Karo. I bought more posted here at 48 and 52 after a number of people on these boards worried about Karo and the price took a further tumble; a combination of a bit of PGM recovery and buyback has increased those by new shares by 40% and a third so can’t complain. The daily buyback amounts can’t be huge given volume.
We don't have to anounce when and how much we buy back under JSE rules, but will provide an update when approprttae, let's just say there has been more buying.....
I've heard of slow and steady wins the race, but a buy back of 427 shares a week might take a bit of patience!
Closed period till 24 May, so can't really add anything to the strategy outlined, Chrome parcels selling for 305 depsite stainless steel weakening, the PGM mkt was disected in the media follwing the PGM Industry day here in JHB on Wednesday, so all the latest is there
Started: Ian.B, 10 Apr 2024 20:01
Last post: Ian.B, 10 Apr 2024 20:01
10-Apr-24 Berenberg Bank Buy reccomendation - 130.00 Reiteration
Started: Tharisa, 10 Apr 2024 06:10
Last post: Tharisa, 10 Apr 2024 06:10
Quarter highlights
‒ Lost Time Injury Frequency Rate (‘LTIFR’) of
‒ 0.05 per 200 000-man hours worked at Tharisa Minerals
‒ 0.11 per 200 000-man hours worked at Karo Platinum
‒ PGM output consistent at 35.3 koz (Q1 FY2024: 35.7 koz)
‒ PGM basket price at US$1 343/oz (6E basis) (Q1 FY2024: US$1 344/oz)
‒ Chrome output lower than previous quarter record production at 402.7 kt (Q1 FY2024: 462.8 kt)
‒ Average metallurgical grade chrome concentrate price held steady at US$286/t (Q1 FY2024: US$291/t)
‒ Cash of US$184.6 million (31 December 2023: US$221.5 million), and debt of US$114.0 million (31 December 2023: US$126.6 million), resulting in a net cash position of US$70.6 million (31 December 2024: US$94.9 million)
‒ Announced US$5 million share repurchase on 26 March 2024
‒ Official launch of Redox One at the Africa Energy Indaba
‒ Production guidance for FY2024 remains between 145 koz and 155 koz PGMs (6E basis) and 1.7 Mt to 1.8 Mt of chrome concentrates
Phoevos Pouroulis, CEO of Tharisa, commented:
“Operationally we performed well, building on a record first quarter and on track to meet guidance. Most pleasing is the continued trend in our improved safety record. We continue to drive improvement in recoveries and efficiencies which is highly sensitive to the variability and oxidisation of the feed into our processing plants.
The Karo Platinum Project development continues with smaller work packages aligned to capital availability, focusing on civil and infrastructure development, as we progress on the road to procure the necessary third-party financing to deliver the first phase into production.
A milestone in our innovation strategy was the official launch of Redox One, which is at the forefront of developing long-term energy storage solutions, using proprietary proven technology, to deliver a ‘Mine-to-Megawatt’ solution at a competitive storage cost compared to existing technologies.
We also commenced with a US$5 million share repurchase programme to the benefit of our shareholders and reflecting our firm belief in the current and future prospects of our company.
As we celebrate ten years of our JSE listing today, I reflect on the original vision of our Chairman, which has been brought to fruition, a sustainable co-producer of PGMs and chrome from the MG reef horizon. We have delivered deep value for our stakeholders, and building off our multi-generational resources we look to unlock latent value in process optimisation and novel downstream technologies.”
https://www.sharenet.co.za/v3/sens_display.php?tdate=20240410070500&seq=1
Started: Kingfisher68, 8 Apr 2024 09:25
Last post: Sotolo, 9 Apr 2024 12:06
Thanks, did them from jmat which is showing $985 and $1073, whatever isn’t it lovely
I assume there was no weekly chrome price yesterday as China had a public holiday last Friday?
Jan-March production numbers out tomorrow ,I am expecting 1.37m tonnes ROM milled (the average of the last 2 Jan-March quarters) which should generate PPGM's about 34,500 oz and chrome 434,000 tonnes. Hopefully ROM milled shows signs of improving and net cash is holding up.
Pick your PGM prices but this is the daiy morning number as of today, so aligned
Tharisa Basket Price
Platinum $941.50
Palladium $1 025.00
Rhodium $4 725.00
Gold $2 328.58
Ruth $440.00
Iridium $4 900.00
Karo USD $1 279.56
Tharisa USD $1 408.55
Tharisa ZAR R26 238.07
Having bought more at 48 and 52 as posted here, I have done a bed and isa this morning. I make the basket now 1450 Tharisa and 1300 Karo, which is now 16% of potential profit from gold.
New to this share and reading some mixed messages about Karo. Can someone please summarise the situation there, or point me in the direction of a good summary. In particular, capex to date, capex outstanding, ownership situation (if not 100% THS), production numbers, projections etc. THS looks cheap on many metrics.
Started: oufc, 9 Apr 2024 11:23
Last post: oufc, 9 Apr 2024 11:23
It would be helpful if tomorrows Jan-March production numbers are supportive of the current rising share price. Its got a fair way to go before I break even!
Started: CentralBanksSuck, 4 Apr 2024 08:21
Last post: Craigb, 4 Apr 2024 09:20
Looks like i can buy up-to 2k now.
Impossible to added anything over 1k, I’m sure we will be closer to 90p - £1 if we get going.
Crazy low PE.
With AJ bell I cant buy shares in amounts of £1K or more. They will let me sell no problem!
Given the tiny buy back announced this morning looks like Tharisa is having a similar problem!