Member Info for LunaNera

I would class the reliance on the Rh price for growrh in SP as risk.

Surely, Sylvania has a plan how to grow its business. Growth at all cost is dangerous. I am OK waiting a bit longer, keeping my eyes peeled on progress with her capital projects.

If in the meantime prices fluctuate, so be it. Eventually, I would like to see some inteinsic growth though.

The resources in this world are not infinite.

Some materials are needed to ensure life remains sustainable.

It is unlikely that we turn a fossil fuel economy into a solar or hydrogen powered one by 2030.

Worth giving this some thought.

At some stage, it's Sylvania that has to grow, not the price of Rhodium.... or increase the dividend.

I wonder whether the BOD are considering becoming a chrome/PGM miner directly, rather than simply being a tailings reprocessor.

Unser this light, building this cash position makes sense.

What Mark Simpson didn't mention is that BMW is about to bring out a whole line of hydrogen cars and is comitted to building 400 hyrdogen refilling stations in DE.

Might become rather interesting for Platinum over the next 2-3 years....

Indeed a good time for entry. Took advantage for a nice refill in the 80s.

Simply Wall St is automated.

toptiger, I've been in the UK since 1989 ;)

Indeed, it is rather ironic for Germany to run out of gas. 4th quarter results shoud be out soon. Will be interesting. Rh held up rather well, all things considered.

The ironic thing is that she is now back to using... wait for it... COAL.

There aren't a lot of options for going near net zero.

Electic transport needs power. Germany reckons they need about twice the capacity. It doesn't have it. Nuclear is unpopular and it takes quite a bit of time to build.

The infrastructure for electric is also questionable.

One can ban cars. Reduce air travel etc...

Or one makes fuel cells a success and ensures emissions of current infrastructure is further reduced. Stronger catalysators for e.g.

Is there something I missed?

Nope. I'm Bavarian. Only 90 mins drive from Italy though :) Thought it makes for a nice user name indeed. Cheers.

Luna Nera - Italian for the black moon. Or, better: witchcraft

Now you know :)

Rh at 14,900

That's rather steady given all the negativity. It is a lot higher that I would have expected. It's climbing right now.

Doesn't mean much to me, apart that the business is on solid grounds and great managment have the potential of making if flourish beyond what we can see right now.

Patience.

toptiger

--
oh god that doom and gloom merchant sotolo is back, probably the main reason THS have fallen relative to SLP is his constant negative crap.
--

Rest assured. He's not that powerful. Besides, one always wants to consider the bull and the bear case. Both are necessary. The rest is judgement.

That's the scam. Infation in double figures but saving accounts below 1%.

The herd heeds though. So all is good. For how long, I wonder?

For a company like SLP to grow, there is a useful albeit not necessary dependency on the Rh price. It is still a small producer and the potential for growth is not difficult to see. I am perfectly happy with---and supportive---of the board taking steps prudently. After all, this is not the fashion business where a new lineup can happen every trimester. Mining rights and licences, the due dilligence etc... is a (rightfully) slow and elaborate process. These investments aren't made lightly. Getting it wrong can have severe, regrettable, impacts.

It's all about good leadership. I think they deserve a bit more time developing this operation.

I remember Berlin-West needing its own power plant. When it was coal the emissions where so bad that people did not paint their houses any longer since they turned dark grey within a year. Surely, one can filter coal better nowadays, but still... it's a stop-gap measure.

Moving on to Oil the same may apply with emission targets. Does it matter whether the filtration (ie catalytic converter) is in cars or on power plants? Surely, some Rh must be used unless we now toss the whole emissions agenda overboard.

Germany is in a real pickle since they decomissioned all nuclear power plants.

Interesting times.

TTM eps is currently at 30.2 cents. That's about $1.20 with a P/E of 4 or therebouts £1.

I would presume that the current figures are still trailing pending on last official reports.

Thus, 80p looks rather cheap.

But then, on a (ridicolous) P/E of 3 the picture looks rather different.

Right now, market participant are scared. This begins to open a lot of opportunities, not just with SLP. Everyone will have a different take on this, and they are welcome. For my part, I love it when investors run towards the hills. Probably worth waiting a bit longer to see what else ends up in the discount bins. The sale is not over yet.

I haven't got a postion yet but am getting very interested at these levels.

Recession or not, the demand for affordable housing will persist in the UK. PSN has > 20% of returns, no leverage and a rather attractive dividend (althoug that is not guaranteed to remain at these levels).

Either way, it's a high quality buy. Looking for the right entry point....

time will tell.

This is not just about Rh prices or the volume of cars produced . The likelihood of any green energy being produced in sufficient volumes by 2030 (currently considered as the global tipping point), is unlikely.

An albeit short but effective option is to also reduce current emissions via more efficient catalytic converters.

That's a point of view worth considering.

What will happen remains to be seen. Empirically, reducing current output, however unpopular, is an approach I would not rule out.

With a P/E below 6 and returns (equity and capital) over 30%, a healthy cash position and zero debt, the risk reward ratio was favourable for quite some time ;)