Member Info for MatrixObserver

Ragnar... Was one of the reasons I like SLP (amongst many others)... SLP have bought back over 10m over last year Normally they go into treasury for employee awards etc... This was the first time I observed bought for cancellation... nice Good luck with your choices... MO

Must disagree ragnar Look at the RNS on SLP website... For AUS buybacks... 30 October 2017 With reference to the Share Buyback Programme ("Programme") announced on 21 August 2017, the Company announces that between Friday 21 October and Friday 27 October 2017, a total of 75,618 Ordinary $0.01 Shares ("Ordinary Shares") were purchased from non-UK shareholders at a price of A$0.1619 per Ordinary Share. This brings the total purchased under the Programme to 1,426,686 Ordinary Shares. Now look at the normal SLP buyback on 11-Oct... The Company hereby announces that, on 10 October 2017, 3,333,011 ordinary shares of USD0.01 each in the Company ("Ordinary Shares") were purchased by the Company at 10.25 pence per Ordinary Share, and will be cancelled immediately. Hope this helps... Matrix pretty certain correct in this instance... Total aus buyback as of today is only 1.42m

If I'm correct, then just that one 3m buyback improves share value by just over 1% MO

ragnarlothbrok is ragnar ok for short ? This at bottom of 1st QTR Results... Subsequent to the quarter end, separately, the Company further bought back a total of 3,333,011 Ordinary $0.01 Shares at a price of 10.25 pence per Ordinary Share which were cancelled immediately. MO

LOL ToD Prefer the term, "Love and care for my country and its future" Matrix knows new world ;-} Matrix from very early version...

Cheers ToD Matrix is fully aware of buys reported as sells and vice-versa, not news... Was basing figure on currently available data... I suppose even the following day a trade could be reversed... C'est la vie Good luck

Hi Temple_of_Doom All sells today... 808,243 as of 2pm I think SLP will pickup a few buybacks, think they want SP > 11p Matrix holding so will probably revert to sleep mode... News to awaken... - Phoenix Complete - Grassvally Progress From the sound of it... Steelpoort chrome might be resurrected for the 15k tons of Grassvally samples... "Grasvally Chrome Exploration As reported in the previous quarter�s report, beneficiation testing of the initial 6,167 tons of the planned 15,000 tons of Run of Mine (�ROM�) bulk sample continues. A further 9,000 tons has been blasted but not yet excavated. The Company will proceed with the completion of phase 1 of the Grasvally Bulk Sample pending results of the beneficiation testing" Best of luck MO

LOL... Lomnin was $50m, process own tailings for 29,000 oz of Platinum per annum. http://www.mining-technology.com/news/newslonmin-secures-50m-funding-for-bulk-tailings-treatment-project-4984080 MO

All very good and valid points ragnarlothbrok... Matrix finds South African infrastructure very good, understands political unrest and corruption etc, SA has business with most global corps in and around, so hopefully long term stability will prevail. Lonmin recently (last 12 months'ish) spent over $100m (iirc) on a Chrome TDO project, which will produce considerably less PGMs than SLP, I cannot remember the exact details, so could be wrong, but something along that line... With mining costs at almost par revenue, tailings could help subsidise income.. Then again, could be Samancor, certainly know our business !!! Dump tailings cost increased from $25 per ton, to $30 (maybe new price for FY2018), primed for MF2 cost saving benefits. Hopefully PGMs are valued fairly for the miners, then SLP really will be desirable... MO

Good day ragnarlothbrok and the_shareminator One thing I did notice in 1st QTR, that I missed the detail at the time (11-Oct)... Normally when SLP buy back shares (not the Aus ones) on the open market, they put in the treasury, this time the 3.3m @ 10.25 are immediately cancelled (as per results). Nice to see a bit of fairness :-) Best wishes At his price SLP could well be a takeover target ???

As expected, slight reduction in ounces produced (Steelpoort EOL)... Better increase in Revenue than expected (considering above) ... Snapshot... - 16,589ounces produced by the Sylvania Dump Operations (�SDO�); - Revenue increased 7% in both US dollar and Rand terms to $14.1 million (Q4 FY2017: $13.2 million) and R186.1 million (Q4 FY2017: R174.4 million); - Group cash balance of $17.4 million, a $2.1 million increase on the previous quarter�s $15.3 million; - Group EBITDA improved 9% from $5.0million to $5.5million quarter-on-quarter; (GOOD forecast ragnarlothbrok). Hopefully news on Phoenix acquisition in November. Best wishes SLPers

Thanks all, it is amazing basket up over 10% in less than one month and higher as I type... Don't forget, PGM's (formed in neutron stars) some say 30 times rarer than gold... Rhodium much rarer... Hard to say on Divi... Must come at some point... At this rate Project Echo will be paid for ahead of schedule... Not sure if all have seen latest report issued on 11th Oct... Some interesting stuff on exploration and other assets... http://www.sylvaniaplatinum.com/im/files/documents/AR2017%20FINAL%20WEB.pdf Good luck all

To add... The basket price (Rand) for... 31/12/16 - 11,790.23 31/03/17 - 12,224.55 30/06/17 - 11,863.83 30/09/17 - 12,661.83 Today 25/10 @ 2pm - 14,071.96 Hopefully will soon see benefit from proposed acquisition of Phoenix Platinum Mining Proprietary Limited for ZAR89 million (~$6.6 million). and Project Echo... "Project Echo is progressing well with both the Millsell and Doornbosch secondary milling and flotation echnology (MF2) modules under construction as the first phase of the planned roll-out. This first phase of the MF2 will be commissioned during the next six months" Matrix will shut-up now... ;-} Just likes SLP very much, good luck all

Current basket value per Oz = 14,071.96 Rand (1,010 USD) Never seen it that high before... If platinum gets a move on... Whooosh + divi Good luck SLPers

Hi SLPers... Long time fan... Rhodium at 5 year highs, Palladium at 5 year highs, Platinum having a go... Matrix thinks this should be worth at least 50p... Best wishes