Member Info for leas

ragnar, apologies for the links, but quite a bit of chat and coverage coming out of the US. Not seen this amount of interest for quite a while which coincides with very strong volume. https://uniontradejournal.com/is-sylvania-platinum-limited-slp-l-ready-to-go-gangbusters-technicals-at-a-glance/615960/

https://www.concordregister.com/sylvania-platinum-limited-slp-l-needle-moving-on-volume/

There has been some 'meaty trades' before and after the quarterly's. Maybe get a holdings RNS soon but there does seem a buyer in the background. Wait until the herd arrive. Takeaways a thing of the past! :)

If the company was in any talks in any aspect of the company then the BoD's are legally bound not to make any statement to the market. A non disclosure contract (NDC) has to be signed. Not suggesting that is what is occurring but it could be an explanation on the lack of IR. btw.. not an investor

Hi BC.. not bought yet but certainly been watching from the sidelines. I cannot fathom it out to be honest. I am also more comfortable buying on the up rather than bottom fishing. Is the market waiting here knowing the pipeline is maxed out until the pumping station is up and running? Also ii know of the political situation of the South American economies so any lost production should be expected. A bit like an oil company in Kazakhstan losing the odd days due to the weather. Fundamentals will eventually kick in, maybe after production numbers.

27 trades and only 7 ordinary. Size and price of trades would indicate manipulation. Seems that someone is using a little effort to keep nibbling at the MC. Good indication imo.. 'All will come out in the wash'

MTFB will be working with the FDA in putting together the NDA. Maybe a lot of investors were eyeing up a huge rise on the back of P3 results looking for their exit door. With that not happening many have drifted away through frustration and boredom. When we were in the 20s sentiment was just as bad as it is now despite being 30% above the range 12 months ago. Our range appears set for now with the shares in sticky hands, any positive news (not necessarily the NDA) could provide a significant rerate. I don't think it is the NDA will be the catalyst for that but more likely a partnership deal, the current trend only provides a profit for the MMs so happy to sit tight and wait.

ragnar, I think looking back 12 months with the acquisition and Echo project you could come to the conclusion that the BoD's have been very shrewd. My personal view is that the money has been held back (on the back of the Aus shares) in order to achieve their goals without the need to raise funds. You could argue that if they did issue a dividend and then go to the market 6 months later to fund the projects securing increased production then the sp would have been routed. On reflection the strategy has paid off and the market is slowly catching up to the very strong fundamentals. In a period of poor basket prices they have increased production, kept down costs, increased revenue, acquired Phoenix and rolled out Echo. Again, only my personal view but a dividend does give investors a return but the biggest advantage would be drawing market attention to an AIM listing company actually making a profit and self funding. The sp normally drops to a place that equates to the yield on ex div so happy whatever strategy they adopt.

Courtesy of chimers on the advfn bb https://uk.advfn.com/stock-market/london/sylvania-platinum-SLP/share-chat

apologies wrong bb....

courtesy of chivers advfn bb IC BARGAIN PORTFOLIO 1 of 10 share tips for the year. Sylvania Platinum (SLP) is a fast-growing and low-cost South African producer and developer of platinum group metals (PGMs) platinum, palladium and rhodium, with two distinct lines of business: the re-treatment of PGM-rich chrome tailings material from mines in the North West Province; and the development of shallow mining operations and processing methods for low-cost PGM extraction. The company�s dump operations comprise seven active PGM recovery plants that treat chrome tailings from surrounding chrome mines across the western and eastern limbs of the Bushveld Igneous Complex. The chrome tailings re-treatment plant is located at Kroondal on the western limb, and is managed by Aquarius Platinum Corporate Services. The operations are hugely profitable. Buoyed by a 17 per cent rise in production to 70,869 ounces of PGM, the fourth consecutive year of record output, the company�s dumping operations produced cash profits of $20m (�14.8m) at a margin of 40 per cent on revenues of $50.5m in the 12 months to end-June 2017. Cash costs were half the gross basket price of $935 per PGM ounce achieved, enabling the company to generate $18.8m of cash from operations before movements in working capital. In turn, net cash on Sylvania�s balance sheet ballooned by over $8m to $14.8m in the 12-month period, and that�s after taking into account the planned investment in ramping up output from the company�s Millsell and Doombosch facilities. The aim of the investment there is to replace the output lost from its Steelport operation, which came to the end of its life last summer

https://www.platinuminvestment.com/supply-and-demand/demand-drivers A little out of date now but illustrates the diversity of Pt. As long as the company focus on keeping the costs down then imo the rest should follow. Revenue is obviously going to fluctuate from year to year, but costs are the only thing they can control. I think that is why so much consolidation has occurred in the industry as the expensive producers have been taken out. Good start to the day, seems good support at this level.

Good evening ragnar. was reading this areticle the other day in relation to the metals. Pt has traded 96% higher than Pd since 1970. Pd is produced in several countries so price fluctuations can fluctuate more. http://www.mining.com/web/quite-unusual-platinum-palladium-ratio/

Hi panda So holding up well. Some chunky trades again. Some investors have probably banked their profit and gone. Interesting comment a couple of days ago about SLP wanting the outstanding shares to be bought in Oz before they issue a dividend. My understanding is that half have now been purchased since the CEO made that statement. 12 months now so the BoDs may have The dividend is not the reason why I'm invested here but for earnings growth potential from a self funding

Maybe stretch to a night out at the Harvester. :) Not too bad all considered. Taking a pragmatic view it could have been worse. Not hitting production target and recent rise in sp could have seen a bigger sell off. With hindsight production target was a bit ambitious when you consider the work the company has been involved with in the last quarter. Should be a stronger year, even at the current production level. Lesedi turnaround underway, project Echo progressing as expected. Cannot see the Rand getting any stronger against the dollar. Money in the bank and a silly MC.

The negatives here are factors that are out of the company's control. What is impressive to me is the quick turnaround of Lesedi. Not there yet but management team contract terminated, best reported production for 2 years, feed quality and supply being addressed whilst reducing costs. 4% increase in production from their dump ops is still acceptable when you consider the task of restructuring Lesedi and bringing project echo online. Company fully focused on keeping production costs down and increasing output. The key to profitability and sustainability in the PGM market.

Good morning. Did not realise you were invested here. Great minds... :) Sliced over at IMM and invested some of the proceeds here. Tough market conditions, even tougher for other producers. SLP should benefit from rising commodity prices. That's my hope. atb leas

Not too bad. Usual over reaction by the market. As pointed out by Ragnar, 1st phase of Echo completed and a platform for growth. 12.6m cash balance is still reassuring, especially in tough market conditions and a company focused on increasing production. Great summary ragnar. over reaction by the market. One tranche left to go on my investment here, Maybe today is an opportunity.

Sounds like they have a good accountant to me. :) Lots of ATs with this company. Is the market holding this back until the new pumping station is online? Apart from the sporadic civil unrest I can only see the positives here. Not invested (yet) but certainly interested. Cannot imagine why anyone would want to invest in a oil exploration company when you have a producer with increasing earnings. Crazy MC

ragnar, unable to open link. Maybe I will subscribe when we hit 20p. :) Interesting read on Pt council's web page. Are you expecting quarterly's in the morning? I have 1st of each month or last day. Should be pleasant reading. Rand is strong at the moment so it will be interesting to see how that dents production costs a little. Increased production should see more revenue.