Member Info for artrader

top tiger - I wasn't being optimistic I just added up the quarters and compared the figures to last year. ...... I'm not clever but I can use a calculator, except for the storage tab, what's that for?
anyway did you read the The Investment Chronical today they state "The production report also revealed that Sylvania has earned $46.4mn of cash profit across the first two quarters of its 2022-23 financial year, up from $36.2mn in the same period in 2021, on slightly higher net revenue of $70mn. This will become apparent when the group reports its interim results on Tuesday, 21 February. Sylvania is set to report 32 per cent higher net profit of $32.2mn." So 32% higher net. I have some other calculations that could increase this including profit from the Chromium Plant sale as well as interest on their pot of money - if held in ZAR deposit rates are 10% -11% and if they played the currency right as I think they would have after all Jaco Prinsloo is the love child of Elon Musk and Elvis (or at best a near anagram of the two). ok The headline 32% increase in Net Profit doesn't tell the whole story but it will capture the moment and send people scrambling on the 21st

H1 Report next week - HI23 v H122
Plant feed up 13%
PGM FEED up 17%
4E up 19%
6E up 16%
Operating costs down 16% (minus)
Net Profit up 32%
Cash up 12.5%
I can't see any worries here especially when the basket price was down 14% so does basket size really matter? QED a big fat NO as I can see.

I was amazed at the performance bearing in mind that Jaco told us in his last video not to expect production to echo Q1 AND THEN HE EXCEEDS IT. So thats 38,470 ozs so far so why the guidance of just 70-72k 4E oz? surely he means 80-82k with Tweefontein now online and Lannex in late Q4.
Forward looking optimism is off the scale when we get those Rhodium figures from Volspruit it will be the icing on the icing.

I demand a recount - the split doesn't add up

Not many laughs this quarter IMO .... although $10M net ain't a bad day at the office.
Ozs 16,900 ( taking into account Christmas+ new year holidays and power probs in S Africa)
Basket $2516 Net revenue $26 Net Profit $9m

Here's another clue
Material uncertainty related to going concern
We draw attention to Note 2 of the financial statements, which indicates that the Board have assessed that the Group and Parent Company will require additional external funding, which has not yet been secured, in order to meet its ongoing commitments and therefore a material uncertainty exists over the entity's ability to continue as a going concern.

There's a couple of million reasons

I never understood those American comic book super heroes, Alter Egos DC super villains or superb hero’s? … until I saw Velo and Quiggers working together… perhaps they don’t know it but they are the same person… shadows in the night. Is spider man a villain or a hero? Is Velo, Quiggers or is Quiggers PGM man? and is velo chart man or vice versa . I bet they’ve never met

PGMs UNDERPRESSURE
Um-ba-ba-beh
Um-ba-ba-beh
Dee-day-da
E-day-da, that's okay
PGMs
UNDER PRESSURE
Um-ba-ba-beh
Um-ba-ba-beh
Dee-day-da
E-day-da, that's okay
Fundamentals are under pressure under pressure
I’ve Bowied out for now but I’ll ziggie back when the PGMs move back to the ‘golden years’ because I think ‘Putin has sold the world’ and it’s all going to end up in ashes to ashes …. I’m thinking of emigrating to Mars … but is there life there? … can we all be heroes?
I’ll put this into non Bowie language: Commodity Price x Volume / demand = profit

This is better than monopoly :- Sales adjustments swing in your favour collect $5.2m Basket price increases collect an extra 2% Interest rates increase take an extra $800k Costs reduce in local currency save an extra 3%. Pass GO and collect 8p

I’m framing these results with my dividend as a reminder never to doubt and the next quarter will be better and the next and….

stu \velo My comments were totally misguided and a full retraction has been uncomfortably swallowed this morning.
It was the 8p dividend I was at odds with as it leaves investors with too big a choice ...... what to do at the brink, should I have sold and will it crash 25% - the 8p cat was set among the pigeons, The results are waiting ... is there a game being played? anyway no wine today

Nutmeg milk …. Save it for Christmas

They don’t need to mitigate an 8p dividend it’s all in the bank and they don’t have to justify spending $4.4 m to make $35m as it will come out of this quarters earnings.

Velo ….. so long farewell auf weidersehen goodbye

Nope we all did as you said in the past and held firm for the long term believing in everything you said……I think a lot of people believed in your words of utter wisdom, the chart nonsense etc ……it’s a pity you didn’t! …..as tomorrow and tomorrow and tomorrow creeps in this petty pace to the last syllable of recorded time and all our yesterdays have lighted fools the way to dusty death … out .. out .. brief candle! Please let us all know when you are back in like the prodigal son …. we all will listen

Because Rhodium is $14000 and why doesn't it track the price of Rhodium? it makes between $50m - $100m a tear and doesn't track that either. I pays a dividend and special dividend every year and yes it docent track that either. Some people say it has too much cash and then it makes some more.......... its a funny old share

THEY ARE STILL AT IT in 2022
H1 2022 revenue of £6.436m is an increase of 94%
· Administration costs increased to £5.767m
they always leave nothing at the bottom of the jar

Never made a profit and never will. THREE more directors already taken on as the other SEVEN or so couldn’t cope and that doesn’t include the admirable Mrs Brandon.

A quick search says he has just bought 10% of a brand worth 10 times what he paid so now he has balanced his books. I didn’t need to Google it !