Member Info for artrader

Perhaps the 9 years was taken from the Website, however it was put there as a positive giving investors a great outlook for at least 10 years and beyond. At $45-$100 million net profit a year without any exploration costs, they won't need to go exploring like a dog with a bone in a river. Quote from website
"The SDO (Sylvania Dumping Operation) has exclusive rights to reprocess mine arisings and tailings dumps at current host mines, with a profitable operational life of approximately ten years, depending on the operation, and with potential to significantly extend the operating horizon as mining resources are continuously being converted to reserves at host mines."

What they DID NOT say was
Investors there's nothing to see here please move along we've only got 9 years left

Just a few words about what happened recently to TSG, it was a well run profitable Company with increased profits year on year, making new discoveries and about to hit their biggest vein yet and suddenly had a disaster an accident involving death. Their shares tumbled far more than the Pi sell off deserved. The price collapse was based on fear, fuelled by speculation on BBs of massive fines . The mine reopened and the sp recovered somewhat but well bellow it’s value, it was sold and an offer was accepted at 17% above the price and what a bargain the buyer got. The fundamentals were there solid as gold but the pi’s were worried after the price collapse to fill their boots again and lost out heavily. When SLP recovers to £1 I think many will sell and keep this down and then if like the TSG buyer makes an offer of +10% it will look good. At 88p this is being looked at ……this stuff in the ground isn’t going to disappear and some countries take a long term view. I’ve been topping up at every fall down to 85p from 115 and will continue to top up following this up to 100….. and then wait for the offer or just collect dividends.

Too late Bibiani Gold Mine went for $90m ...... so it must be another project perhaps Rare Earth?

twirl - They have a share buyback programme I think its circa 1.6m but not sure where they are up to.
From Feb 21 RNS- Bought back 375,652 shares under the Share Buyback Programme, as well as 1,448,075 shares from employees, all transferred to Treasury;

Share buy back needed here and I’ve a feeling it’s happening .

Sylvania Platinum (AIM: SLP) is pleased to announce the appointment of Mr. Adrian Reynolds as Independent Non-executive Director, with effect from 1 August 2021.
One of our directors joining the board of Cash rich SLP eh?and here we are with a little old Gold mine to sell or develop?

A warm welcome to our new Director and as a side thought …..Resolute Mining have a Gold Mine for sale for $100m Which the Chinese bought but the Ghanians wouldn’t let them have …. I wonder?

I bet the shipping Company was bought out? otherwise nothing really makes sense

Lets add the combined net profit for 2019 and 2020 together and compare it against the net profit for just 2021 - quick calculation 17.34+51.31=68.65m roughly a 40% increase in the net profit for not just 1 year but for the past 2 years added together.
Q4 net profit for 2021 is roughly 200% up on the combined total of 2019 and 2020 Q4s added together. Q4 net profit for this year is 669% of last years Q4 ....... need I Go Compare!!!!

Q1 2019 Net Profit of $3.79 million
Q2 2019 Net Profit of $3.74 million H1 $7.53m
Q3 2019 Net Profit of $4.96 million
Q4 2019 Net Profit of $4.85 million H2 $9.81m FY $17.34m

Q1 2020 Net profit of $12.53 million
Q2 2020 Net profit of $11.38.million H1 $23.81m
Q3 2020 Net Profit of $25.3 million
Q4 2020 Net profit of $2.2 million H2 $27.5m FY $51.31

Q1 2021 Net profit of $20.1 million
Q2 2021 Net profit of $20.33 million H1 $40.43
Q3 2021 Net profit of $41.32million
Q4 2021 Net profit of $14.73 million H2 $56.05 FY $96.48

@js
They have done pretty well with their handling of rand/usd and showed a net gain last year. Pretty shrewd without complications. Others like SHG hedged gold for 3 years and lost 50% because they kept pushing it forward. HOC are still hedging Silver. I hate to see it’s only a paper loss as their excuses and another killer is that it doesn’t effect the cash position. I was into TSG another straight talking company who knew how to make money not reflected in their share price and they got snapped up. I’m guessing someone’s looking very closely here too.

Chairman’s statement for this year “Well what can I say? I thought last year I was pushing my luck regarding paying a massive dividend but hey here goes…. I’ve just spent a fortune on money counting machines, I like having a 7 figure sum in the bank and I’ve looked around for something to spend your money on and will be buying more shares in SLP. “

Nothing can undo the past and to achieve a net profit higher than the previous year’s turnover is unbelievable especially when it was $ 100m . This is net profit and it’s all in cash not whittled away somewhere on the balance sheet no exceptional charges, nothing hidden. Once the results are announced we should see $120m in cash and it’s all ours. You can mess around with charts or trying to guess the price but I’m sitting on my share.

https://matthey.com/-/media/files/pgm-market-report/jm-pgm-market-report-may-2021.pdf
PGM market report well worth a read

https://musically.com/2020/09/09/apex-rides-hopes-to-take-on-peloton-and-its-licensing-music/
Latest news sounds bad for Peloton but music to the ears for others

Surely this is a speculative share? They only made $40m last quarter and that’s only a 50% increase in the previous quarter and they’ve only got $100m sitting in the bank. Also commodity prices have only risen another 15% this quarter and the car industry have only just started producing again.
Yep sheer speculation!

Sirius - The policy is to change USD into ZAR and sit on it until they see 'opportunities' to convert back into dollars. They made $7.1m in quarter 2 so I guess in a way they are already hedging against a rising ZAR.
Looking at the profit made in quarter 3 their returns are not 25% less - I really think you have got hold of a 'Champagne Problem' and sweating the small stuff.

. The impact of exchange rate fluctuations on cash held at the quarter end was an increase of $7.1 million due to the strengthening of the ZAR against the USD. The Group is obliged to hold a large portion of its cash in ZAR and will convert this to USD as and when the opportunity arises.
2nd Q report

2nd W report
. The impact of exchange rate fluctuations on cash held at the quarter end was an increase of $7.1 million due to the strengthening of the ZAR against the USD. The Group is obliged to hold a large portion of its cash in ZAR and will convert this to USD as and when the opportunity arises.

I am of the opinion that the longer it stays in the ground the more it seems to be worth anyway. It’s not like they are in need of cash and they are absolutely not under any pressure to overwork the mine. If lightening held them back or someone nicks the cables it may in fact make them more profitable. We win both ways in or out of the ground.

3rd Quarter results based upon the average basket price of $3880 (if my calculations are correct) should bring another windfall profit and I guess more dividend and a higher SP. The only dilemma I have is why isn't everyone filling up on this what I can only describe as 'arbitrage eve'