Member Info for artrader

Sylvania (AIM: SLP), the platinum group metals ("PGM") and emerging Chrome producer and developer with assets in South Africa, announces that the Company has, on 07 April 2026, acquired 50,000 Ordinary Shares of $0.01 each in the Company ("Ordinary Shares") from the market at an average price of 94.00 pence per Ordinary Share, placed into Treasury.

You can look at it 2 ways either they are being as prudent as always and saving the cash for a rainy day or they are waiting to sweep up at 99p. I bought a few today at 102.2 but will be back for more if O see a few 100k buys

Only 10 more days left for share buy backs so it looks like they are going to hang on to their cash.

Owls

Finishing on zero points didn't matter winning is everything.

I can't believe they'll be playing Bromley next season

There were too many trying to buy when it hit that low of .95 and I guess others did the job for them increasing the SP very quickly and why interfere when it's motoring up to 1.12 (AI short term prediction) and then upwards again to 1.25 .

I've been running year end results through AI and my suggested figures of ;

Revenue 240m

EBITDA 133m

Net Profit 90m

Dividend 8p

We're in line with the most optimistic forecasts and AI suggested that the company may lower the dividend to 5 or 6p whilst continuing buy backs as well as paying a 3 or 4p final dividend.

What would you prefer buy backs or 6p final dividend?

I ran a series of questions through AI a few weeks ago feeding the figures I had which were pretty spot on 30,000 oz PGMs and 20,000 tonnes chrome at a 6E basket price of .$3000 I specifically asked how this would affect the SP

I got 8 pages of estimates, exchange movements, past comparisons of when institutions bought against chart movement, price of power, price and demand of PGMs etc etc but the thing I was shocked at was that it gave me a price chart that dropped from the current 103 to 95p after the Q3 results.

The reason I posted the info was the reassurance that the SP woul recover to £1.12 in the very near future.

The graph below provides a projection of Sylvania Platinum's (LON:SLP) share price over the next three months (April–July 2026), based on recent analyst consensus targets and the previously discussed Q4 consolidation phase.

Trend Analysis (April – July 2026)

Immediate Term (April – June): The price is expected to experience volatility and a potential dip toward 95.0p. This aligns with the "Q4 Consolidation" discussed earlier, where negative sales adjustments and a strengthening Rand (weaker USD) are projected to impact reported margins.

Recovery Phase (July 2026): A recovery toward 112p+ is anticipated as the market begins to price in the steady-state production from the Thaba Joint Venture and moves past the seasonal winter tariff hikes in South Africa.

Long-Term Upside: Despite short-term fluctuations, analysts from Berenberg and Edison maintain an average 12-month target of 165p to 168p.

I used AI to analyse sentiment of sp before Q3 results

Seems 95p was expected and should bounce off from the low.

Bang

If you need help working out the basket price let me know lol!

Thats where your missing $10m was as the basket price effects the sales adjustment as well as the current profit

Results

Last 2 years the Q3 results were announced on 30 April.

Platinum

Long-Term Deficits: Despite short-term consolidation, major banks like Bank of America have significantly upgraded average 2026 price targets (e.g., Platinum to $2,450/oz) due to persistent market deficits.

Trend Analysis (April – July 2026)

Immediate Term (April – June): The price is expected to experience volatility and a potential dip toward 95.0p. This aligns with the "Q4 Consolidation" discussed earlier, where negative sales adjustments and a strengthening Rand (weaker USD) are projected to impact reported margins.

I ran figures using AI on this next bit ..

Recovery Phase (July 2026): A recovery toward 112p+ is anticipated as the market begins to price in the steady-state production from the Thaba Joint Venture and moves past the seasonal winter tariff hikes in South Africa.

Long-Term Upside: Despite short-term fluctuations, analysts from Berenberg and Edison maintain an average 12-month target of 165p to 168p,

Q3 Average 4E basket based upon latest split is $3088 net is $2285 so Bang has a difference of $200 an ounce which means an extra $6m on top of his $23m giving $29m

so we do agree!

Bang

Q3 Average gross basket 6E $3079 net basket after smeltering costs etc = $2309

6E 30,000oz x $2309 = $69.27m net revenue

Add income for Chrome which is tricky to guess as power and shipping costs are unknown and if the production is anything like the target it could be 20,000 tonnes + or perhaps they scaled it back due to 'war' in any case I trust them with their commercial decisions.

Without Chrome its roughly $70m net revenue

Mega quarter PGMs still holding good for the final quarter and a bonus of a year.

Q3 looking like $70m net revenue and $30m net profit.

Should be another 2021 vintage year

Only 2 weeks until Q3 figures and everyone expects bumper results if history repeats we should get a run up to April 28/30th its started well but £1.25 is where I reckon it will be by then.

Luna

I was pretty sure that someone was selling yesterday and the sales were reported in reverse order in 100k and 400k lots the price of each sale reduced by .0025 but because the earlier sales were reported later and later it seemed someone was buying.

Same happening today and we should hear who it is shortly. I've heard rumours that Blackrock are exiting. So get ready to hit the dip

Bang

$21m included in the $93m which I reduced for smelter/penalties to $69 adding the adjustment to make $74m then whatever income from chrome which I'm sure will be nearer $10m than $1m so let's call gross income $84m for the quarter..... is that good or amazingly good?

Luna

Quick question for those tracking the basket price.

Are you looking at 4E or 6E?

Surely its time for a new system as there is neither a 4E or a 6E for two reasons firstly there's no gold and secondly the 5E value today $3143 is slightly higher than the 3E value $3134.

Why can't we simplify this for accounts purposes and have one value x total production say 30,000 ozs x $3100 = $93m

So Q3 is looking at 5E gross income after processing/penalty costs of $69m add the $5m adjustment because of increase in pgm prices of previously unpaid invoices making $74m then add the Chrome income? say $1m? = $75m

A 36% increase on Q2

The thing is about SLP is there's no surprises everyone can see what's going on within reason and you can read the buy and sell signals pretty easily as history shows when Rhodium hit $28,000 it was going to make a fortune and when pgm prices collapsed it was time to sell.

I can't remember there ever being a cash call even in the dark days when the only profit was interest on the $1m they kept under the bed in fact we received a bonus dividend when they sold Grasvally.

I highly recommend this company provided you keep your eye on the PGM price

They both have one thing in common they're both stinking rich.

Nothing wrong with following the captains advice and I bought back yesterday after selling at the start of the war ......... and when it hits 1.25 again I'll do what the captain did......run

No such thing as a long term holder in AIMS but this is as good as you would get buying the dips and selling the highs

If I was a cricketer I'd be tightening my helmet anyone else expecting a bouncer?

Oil down Precious metals up and the wars pretty much done.....

Ridiculous drop yesterday

GLA and don't forget to duck

Quiggers

Ive got 4E using trading Economics (live) and Matthey for RH rU + iR

.6582 X $2160 + .2279 X $1760 + .1139 X $12050 = $3195