Tharisa Share Price (THS)

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%

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comments although I do not agree with some of his assumptions and some of the Tharisa/Karo numbers are now well out of date.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.

Https://www.miningmx.com/news/platinum/56971-tharisa-slows-karo-platinum-project-as-metal-prices-trough/

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

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