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One and all! Lets hope 2011 is going to be a good 'un for all SLV holders! Got a good feeling the patience is about to pay off..............
40p?? I bloody hope not! I'll have to be dippin if that happens!
Another round of golf is need, the s/p is languising!
Great to see the volume of post increasing on this BB, lets hope the same can be said for the s/p over the coming months. Looking forward to Lannex at full steam and production ramp up in 2011. Oh and Syntax, I think you need to have regular weekly rounds.......
Good stuff, hoping for a big thaw Thursday so I can play myself. Been a few weeks!
Excellent Research - Can you now get the share price to move upwards? :)
· The ConRoast met test-work on Volspruit asset is clear (75% recoveries have recently been achieved). · The strategic alliance with Jubilee Platinum (the owners of ConRoast) is cemented. · Samancor Chrome owners (IMR) now own a 19% interest in Sylvania. We think this stake could provide an imperative for Samancor Chrome to supply technical DC smelting advice and potentially power and capacity allocation at one of its idled furnaces in the Bushveld (which could be retrofitted to run with a PGM concentrate feed rather than a chrome concentrate). We expect to produce a full note on Sylvania shortly. Ambrian acts as Nomad and Broker to and as a Market Maker in this company
Metals & Mining 26 November 2010 Sylvania (SLV) Price: 45.25p Target Price: REVIEWING Recommendation: BUY Market Cap: £113m Sylvania and Jubilee finalise a route map for the development of the Volspruit deposit Sylvania and Jubilee have entered into a Smelting Agreement that seeks to expand on the existing co-operative agreement that the parties signed in February this year. The new deal outlines a framework whereby the two parties have agreed to: 1. Extend their joint investigations into commercialising the exploitation of PGM-bearing resources at Sylvania’s Volspruit property (Northern Limb), which will involve the smelting of the concentrate product using the Jubilee ConRoast Technology. 2. Set out a timeline for the achievement of technical study milestones, which will be undertaken by a new 50:50 JV company which will carry out o Scoping study for the exploitation of the Volspruit Project - to be completed by 28 February 2011. o Pre-feasibility Study to be completed by 31 May 2011 (c. ZAR2m cost). o Bankable Feasibility Study to be completed by 31 January 2012 (c.ZAR5m cost). Comment This is good news for Sylvania, which, despite having a more aggressive forecast production profile than almost all of its peers (from existing operations) - reaching record production levels a few weeks ago (and the rally in PGM prices), has unperformed over the last six months. The company’s market value completely ignores any of the growth prospects from its Northern Limb assets. With this latest announcement, investors now have a clear roadmap outlined for the development of the Volspruit Project (the first of Sylvania’s Northern Limb Projects). If the Feasibility Study proves the project is economically viable, the implied value of its Northern Limb assets could prove ‘game changing’ for Sylvania. There are, of course, additional hurdles on the route towards commercialisation of the Volspruit Project; most notably, the shortage of power allocation for a new large-scale smelting operation in the Bushveld. However, as we have outlined before, this might not prove as tricky as some commentators might think. Why not? We think that the answer might lie in a partnership with Samancor Chrome (which has already taken a 19% direct equity interest in Sylvania), as the former owns a large amount of idled ferrochrome smelting capacity in the Bushveld and possesses the necessary power allocation, environmental permits and furnaces that could/might be retrofitted for ConRoast Technology. Recommendation We are currently reviewing our target for Sylvania as we don’t think that any value is being attributed to this asset at the moment, and we think it deserves more than an acquisition valuation within our SOTP valuation. Why do we think this? The short answer is that our confidence in the commercial viability of these assets is growing because: · The ConRoast met
A very well timed entry I I do say so myself... Hopefully the bottom!
Good link. Hopefully 46 was the bottom, seemed have bounced. Lets see.........
your not kidding.............
What makes you think as low as that, is that the next support level?
How low can this go? Very tempted to top up again but could it drop further?
Some large trades on 29th at 50.00p. 450k,224k,424k,200k, 2x 100k. All look like sells to me, can anyone confirm?
Approaching top up time again.................
Very well thanks. Very good trade mate, wish I'd have the foresight! Really thought 54ish would have held after the recent news. Makes me wonder if the s/p is being controlled for a t/over! Definately, regarless of a potential suitor, long term the future looks very promising. I also joined the party with an entry into RUR last thurs at 12.75, and its looking very good already! GL
Nearly all the trades look like buys today, would expected more of an uptick. Anyway, definately only one direction this s/p's heading in..................... patcience needed
Great presentation. Just been offered 54.35 to sell so the £2M+ trades today are mainly sells yet no tick down? Hmmm
Large Sell reported £1M
All sells over the past few weeks and very little volume??