The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
I don't see a problem here and PGMs have and will and have many uses in the future Hydrogen fuel cells for one. Of course the sp will be moved up cum-dividend and dropped ex-dividend at 8p a share there will be queues at midnight waiting for the market to open at the end of next month.
This company is so good the employees are exercising options at a higher price than the current SP. The Company doesn't want their money its trying to give it away but it keeps accumulating more like Brewsters Millions ..... as you know investors hate cash in the banks and this lot are on course for another $13m profit this quarter.
quick stick a point in there I'll let you know where to put it
Wet and windy through to October followed by more of the same. Time to get your posh wellies, scarves, raincoats, thick socks, tweeds and JOUL shares. Let it rain, I'm singing raindrops keep falling on my head and my favourite band is Wet Wet Wet
I had hoped to see an update on the February budget prediction of $25m for the project especially in view of the unexpected inflationary pressures and the value of gold….quote “Total capital spend at Singida in 2022 is estimated at approximately US$25 million resulting in production early 2023, assuming the current guided production forecast at our operating mine New Luika Gold Mine and an average gold price of approximately US$1800/oz.”
Bang
$3000 basket was based upon average PGM prices Apr-June and the actual spill breakdown.
65% pt $968
23.75% pd $2124
11.25% $16247
The sales adjustment due to the fall in PGM prices in June would have a retrospective effect on the invoiced prices and hence the basket prices. This is a because certain customers have pro-forma price on delivery and an actual price on payment/monthly. This is how the business works and last quarter is was an extra income of $6m as prices were adjusted upwards. One cannot predict the future but they have a very good history of making $millions.
PS not sure where you get the net basket price of $1804
TIGERQ3
PGM feed grades in ROM material remain at a lower level at the Mooinooi operation during the quarter: Investigation of potential solutions undertaken in conjunction with the host mine have proven positive. Preferred ore sources have been identified which have led to improved ROM feed grades post quarter end. This is expected to improve PGM grades and therefore production and output in the coming months
The new Lesedi tailings storage facility ("TSF") has been completed and commissioning of the tailings deposition facility commenced in February; Cold commissioning of the new Lesedi MF2 project commenced during March 2022 and circuit optimisation is in progress. First slurry was treated post-period end; Tweefontein MF2 remains on track for commissioning H1 FY2023;Production is expected to increase significantly during the next quarter due to progress at Lesedi and the improvements identified post quarter end at Mooinoi.
I am expecting a strong operational performance from all operations during the final quarter of FY2022 based on initial positive results at Mooinooi to improve ROM feed grades in collaboration with our host mine, and at Lesedi, where production is expected to increase significantly during the next quarter as feed is stabilised and the MF2 circuit optimised. This should enable us to achieve the target production of 66,000 to 68,000 ounces for FY2022 as communicated earlier."
UPDATE
The Group is pleased to report a strong finish to its financial year and has achieved the mid-range of its target production of 66,000 to 68,000 ounces for FY2022.
19K OZ IN Q4
I saw they had trouble filling your order as I could only buy max 1000 @91 then it jumped to 92.
Remember they have 795324 more shares to cancel after already taking out 6million. Who’s going to sell before Q4 figures, dividend announcement and next years raised target production of 80,000 oz and of course the suggested increase in higher priced pgms in the basket ?
Sotolo
15 Jul '22
Posts: 2,596
Price: 82.00
I make the current basket $2725, I sold today as the share price has held up so well compared to THS over the last 3 months, but PGM's are likely to fall even further as recession bites?
With higher and higher revenues to come now that all facilities are now working and production increases and PGMs are increase we are going to need a great chunk of the cash to finance the huge increase in debtors. We ain’t gonna borrow as there’s no need as the cash we have is there waiting for the current boom. It started in Q4 and I can’t wait to see the targets for 2023. So don’t worry about the big pile of cash and inflation the idea of using the banks money to make money is just so pre 2019.
https://simplywall.st/stocks/gb/materials/aim-slp/sylvania-platinum-shares
just 80% undervalued they are having a laugh
Broker note is a reduction in price target?
All I can see is 170p targets so cannot understand your comments and as far as lower cash balances go net profit for Q4 of $24m and the $6m sale of Grasvally should both add to the $138m showing at Q3.
Brokers Revenue forecasts of $144m for the year will be woefully short at $170m EBITDA approaching $100m and net net for the year approaching $70m .... I'm no broker but you won't be going broke at these levels!
The best quarter financially was Q3 21 when net revenue was $74m (NET PROFIT OF $41m) Im guessing they are referring to production ounces where previously the highest was 18,363 oz in Q2 21. This underlines the RNS out today of meeting the target production in the middle say 67,000 oz for the year meaning near 19,000 for Q4 ......... could I be any more boring?
... obviously not ...so I will go on. 19k oz at an average basket price of $3,200 should give an optimistic net revenue of $50m "somewhat short of the $74m" I hear from Bangrak but the fact is production has been on a downward trend and now it isn't so this is a big turning point. Next year we might see an 80k 4E production target so even if the basket value remains at worn torn values of (referring to my notes) em er ( playing for time) .... $2812 its actually higher than 67k 4E Production @ $3,200. Seems a little strange though that Liberum who took care ot the buy-back should now leak a teaser when they still have a few million shares to buy to balance their book.