Member Info for ic152

Thanks Viable,
I am with you on PTAL as well. THS chrome prices could pay a huge chunk of Karo this year. Think the reduced transportation cost is equivalent to a $20m+ saving as well. PGM’s slipping a bit but Chrome rules, for now

An odd drift back down, hit below yesterdays close. Have to wonder who is selling?

Why this share stays around 100. Looks desperate to breach 104 and head North but every time a sell drops it, usually at days end. So undervalued but no one wants it. Other miners have bounced. Any views and thoughts as this looks like a dead duck (albeit a golden one)?

How awful!! Such sad news

I cannot believe that the SP hit 95! Insanity and parity with Sylvania Platinum.

I would agree with these figures Mike. Basket price is hovering in the $2,300 range and chrome rising slightly. Of course, this is a completely unloved share at the moment and SP continues to drop. Must be a PE of 2.3-2.4?
Does anyone expect a bounce post results? Or will no one notice….

I am with you Sotolo. Held on too long. It’s a great company and the chrome made me stay in. I think we are well undervalued even with lower PGM prices. There is a backlog of new cars waiting to be built so I expect a rise at some point.

A 20% drop in price in 4 weeks seems quite extreme. Any views on why? And odd that such a drop today is due to so few trades. Am I missing something here as chrome prices are still high and PGMs are drifting a bit but this drop seems crazy considering the short-long term expectations?

At this price THS is starting to look like a real bargain again. Even with slightly lower PGM basket price. Does anyone have an idea how much increased costs is affecting profit? And always good to hear directly from Tharisa!

Quite the downswing on SP. Is there any news I have missed here? I know PGM’s are under pressure but surely THS is still undervalued. Confused!

There are definitely a few headwinds. Car manufacturing is slowing down for numerous reasons. Will put pressure on the PGM’s for a while. I think there is going to be a very steady SP for awhile.

Hard to disagree with that! The last update did at least show a 7-8% increase in production quantities is now on the cards but it is not enough to move the share price. Too much cash sitting in the bank suggests SLP are not cut out for growth in the way THS have been investing in new growth projects. Still the current SP seems low.

Thanks Velo. Guess Rhodium dropping 15% doesn’t help either!

Velo, any thoughts now the SP has crashed back below the 102 and 105 points you mentioned?

I don’t disagree at all. High prices for sure. Just think the big swings are spooking investors somewhat. Instability at an unstable time

Rhodium down nearly 10% in 2 days, platinum down 6% and palladium 10% today. No doubt spooked the market in such volatile conditions. I’d settle for the current PGM prices and the cash will continue to roll in.
One question is what effect the invasion will have on materials for manufacture cars and they will become more expensive, which will dampen demand. It’s hard to fathom all the variables but we have breached back below 105!

I think the major fluctuations in PGM’s are adding some nervousness to the SP. Still unclear whether Russia will be allowed to export to the Western world? Think there is profit taking, top slicing and conversion to cash, whilst SLP cash grows.
Will any receivables from the past few months have to be paid at current pricing?

What is going on with Palladium, just dropped 17% from the days high. Incredible

Toptiger. I’m sure the Chinese will buy their rhodium, so may not have as big an impact as with Palladium. India hasn’t sanctioned Russia yet either, so they will have outlets (for now).

Heading to the 200 mda