Member Info for ragnarlothbrok

Rumours are that Russian stockpiles of Pd are almost completely depleted. There definitely seems to be smell of panicked buying out there. The chart is mesmerising.

Rhodium edging up as well. I wonder if conditions could be ripe for a 2008 style spike.

Thanks to all those on this board for sharing their info, opinions and research...Visitor, Shareminator etc. It's been a great board, one of the few on here, a helpful learning experience for me. Also pleased for myself and everyone to make some money from this AIM roulette wheel.

It's great to see the SLP share price starting to achieve its potential. There was a slide in the presentation showing +$40m of EBITDA p.a, meaning after tax and capex the company could be paying out over $20m a year in dividends at current prices, which would easily support a Mcap of well over $100m, meaning more upside I think.

The impending strikes in SA have supported the PGM basket and put pressure on the ZAR, I nearly spat out my beer when I realised the basket is $1260/17400, over $100 higher than 2 months ago. Pd and Rh are both flying.

The last week has seen a really interesting pick up in volume and some really chunky trades around the 27p mark. Hopefully next stop 30p!

A company with a MCap of $130m can spend $140m on an acquisition out of existing resources and facilities. That really says a lot that no equity is required.

Looks like a pretty decent price with $85m in FCF coming from these assets. Well done all!

Only what I can see in the presentation which is not really a dividend policy at all. Rather its a simple discretionary policy which doesn't allow investors to estimate the payment relative to performance. Amateurish really

Results and presentation early this year... No interim divi but look at that EBITDA generation over the next 3 years!

Wow! Basket is $1190/ZAR16700 as I type . Rhodium matching the 2650 high from last year and Pd is up to nearly 1450 in very early trade a $650 spread v Pt. Copper and nickel are staging modest comebacks supporting by product revenue. Hopefully SLP have resolved most of the production issues to take advantage of these historic high prices.

The news from SA doesn't look great, Eskom is in major crisis with load shedding and the rand has reacted accordingly.

I'm looking forward to the impending results and what the company decides to do for us shareholders (nice fat divi?)

https://af.reuters.com/article/commoditiesNews/idAFL5N20505U

And basket at a multi year high, I think it's around 4 years.

SP reaction has been fairly muted I would say on exceptional volume so far. Today's results have no doubt created some sellers but there are also some buyers lurking.

I never anticipated that water supply would be a production issue...

The risk of doing business in South Africa. Quite a few production issues this month... will need a huge 2nd half to hit guidance

I think thats a pretty good example of what could happen here. I'm counting on the fact that with $20m+ in the bank and Echo being fully funded, the BoD are likely to decide that there is a chunk of surplus cash.

Good to see the low cost production strategy continues to be derisked and we have also had a good rise in the PoG just at the the right time. Production in line with expectations but still missing a few key bits of info: costs, cash flow and net debt being key, which we will see at the interim results on Feb 20th.

Elikhulu did not contribute very much this quarter and net debt is likely to have peaked (reflecting the working capital accumulation from ramp up) so hopefully by February Cobus will be able to tell us that net debt is lower than December and maybe we can get some inkling on when the dividend will resume.

Based on previous release dates we should be seeing Q2 results by Thursday.

Q2 historically is one of the strongest quarters for production, so I think we could see production of 20koz if there weren't any hiccups and feed was reliable.

With a market PGM basket of $1120 for the quarter, I'm expecting revenue of $18m and EBITDA of $7.7m (before price adjustments). Price adjustments are difficult to estimate but given the leap in the basket this could add an additional $2m to revenue and EBITDA.

I'm expecting neutral cash movement (before working capital movements) given tax, dividend and capex payments in the quarter.

The recent flight to quality means that many small companies took a real beating are trading on very low P/Es, the mining sector in particular. We will need to wait until market conditions are recovered until we see something more like fair value.

gkb the market has noticed. The SLP share price has tripled in 3 years. The uptrend is intact, we just need to be patient.

When the company has completed Echo in 2021 there will be no other use of cash other than to pay dividends. I believe it will have the capacity to pay in excess of $20m per year at current prices ($5m per year in the most apocalyptic price scenario). Based on current prices I am expecting a dividend yield of 20%+ on the current SP in 2021.

Assuming that Samancor continues to maintain its feed and SA continues to keep the lights on, I believe that by the time the market realises this the SP will be over 30p, which is my 18 month price target.

As Visitor says we just need the dividend policy to confirm that the company will return cash to shareholders rather than sitting on $40m cash (which is possible).

Nice one Visitor. Don't forget $6.5m in ruthenium/Iridium/nickel/copper by-product revenue, straight down to EBITDA.

The spread to old man platinum Pt is over $600! Some serious panic Pd buying out there

Basket is at a 4.5 year high. When is rhodium coming back to the party?

Can understand a bit of profit taking at 20p after the big retrace from 24 but outlook is looking very positive

Eish... the short answer is that it's a compliance matter to communicate via RNS. There is some good info here if you want to look into it further .

https://aim-watch.com/articles/price-monitoring-extensions-explained/

Basket at multi-year highs, Pd is flying, debt free, Echo fully funded from cash reserves, growing dividend...

20% rebound in SP the last 4 days, suddenly the previous high of 24p is not so far away

Looks like volume is picking up along with general interest in gold miners. Uptrend is intact supported by the rising PoG and weak rand. Close to a 1 year high I believe. 9p has been smashed!! Can't see any real resistance point from here...

Based on last year we should see an operational update around the end of the month. It was around this time last year when it all started to go very wrong, so hopefully no bad news is coming our way...

Timmy, Edison assumes a 2019 average PoG of 1225 so not too much upside at this point if you look at the current YTD average. I believe they offer the only reasonable forecast but they are paid by the company so you would need to be wary.

Liquidity is so low right now and dominated by algos so there are very few obvious short term technical analysis conclusions. I think the main thing is that the upward trend/SP recovery is intact and hopefully building a base for some long awaited good news.