Member Info for artrader

South African interest rates 6.25% v US interest rates 3.25% outweighs loss on exchange rate of 2% meanwhile SA Bond rates over 2 years are 7.2% .
Also AISC ;SDO operating cash costs per 4E PGM ounce decreased 13% in rand and 15% in dollar terms quarter-on-quarter to ZAR10,075/ounce and $646/ounce (Q3: ZAR11,538/ounce and $758/ounce).
The Company has been looking after its money very well over the years and doesn't put all its eggs or ego's in one basket.

Worrying times for some……Not us
1) Money in the bank
2) Interest rates up
3) dollar up
4) Local currency down
5) early Christmas bonus dividend 8p

Don’t tell Russia but we actually run out of water here in the Summer and Autumn and then flood in Winter and Spring. We also run out of toilet paper, paracetamol, Petrol and Pasta. The French have their problems too; they’ve run out of Mustard. But really in the Sunshine state you could run your EVs with a solar panel on the roof surely?

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

Sorry the last post should have read.
Sales adjustments
Q4 -$2,58m
Q4 +$6.4m
The pgm invoiced prices are recalculated at the current basket prices which is up or down.

Price adjustments make up the difference as previous sales are recalculated at the current price. The prices have recovered so back to 3000. The recalculation on was $6m PLUS and Q4 $2m Minus

80K with a basket value of a minimum of $3K ....... I'm going to need a bigger fag packet!

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.

87p to close ........ so 78% undervalued

Below Fair Value: SLP (£0.82) is trading below our estimate of fair value (£4.24)
Compared to others in the mining industry they may be onto something !!!!!

https://simplywall.st/stocks/gb/materials/aim-slp/sylvania-platinum-shares

just 80% undervalued they are having a laugh

I’ve got a Q4 basket price of $3200 based upon the usual breakdowns RH PL Pa. However, one never knows the actual breakdown and if Rhodium was a larger percentage it would increase the basket value.