Member Info for raxfactor

Pleased AAZ are out, odd it should be a Turkish comp who steps in to replace us, relations between Azerbaijan and Turkey are very good did they do us a favour?

Below is the results prentation from Sibanye Stillwater US listed but is referenced as a producer on both THS and SLP presentions, main revenue sources are Palladium 33%, Rhodium 26%, Gold 27% and Platinum 13%.
If you are looking for other companies in the PGM space this presentation might be worth a watch for a competitors view of the space.
It will test your endurance as its 1.5 hrs

https://m.youtube.com/watch?v=X0Z43GDIJCI&t=1795s

This last year we went from cash positive to net debt I am not expecting a special dividend, and as many LTH's rightly point out we have a history of over promising and under delivering.
Noted from the recent update below are they setting their stall out for disappointment?

Total cash operating costs are anticipated to increase in FY 2021 due to increased production and the need to transport WCP B’s HMC production from Pilivili, which is a greater distance than the previous mining area of Namalope, to the MSP. However, cash operating costs per tonne are expected to decrease in FY 2021 due to higher anticipated production volumes, and further decrease in 2022 as the Company targets a first quartile position on the industry revenue to cost curve.

I read that as taking from Peter to pay Paul, althoughI am hoping for increased demand for our products increased profits and an increase in sp, any dividends should take care of themselves if we achieve that.

One of the best run companies around, management have steered us through turbulent times and unforeseen environmental accidents without so much as blip to the everyday running of both mines, they are experienced and know what they are doing and have done so for years.
As far as the hedge goes suppose the copper price heads south because let's be fair I don't actually see all this copper being used on infrastructure just now, its talked about but it hasn't happened yet, half the world is still in restricted movement, and just perhaps maybe our experienced guys know this and for safety decide to hedge a portion of production.
If you want more risk more gain there is always the 2.30 at Doncaster, or email IR and ask them.

There will be some LTH's just above break even if they have been here about 3-4 years, and may take the opportunity to get something back.
Timing its easier said than done, it can make a significant difference to investing outcomes.

I may have misunderstood the bond issue as I thought it was a requirement to put hedges in place at the same time as issuance of the bond.

PetroTal plans to implement a robust hedging program with an emphasis on protecting the 2021 capital budget and ensuring covenant compliance should oil prices fall materially from current levels. The program may include swaps, puts, and collars over the next twelve months' production.

From today's news to looks as though the process is ongoing, with Brent prices high I would of thought now is the time to get this in place.

With bond issue now completed and a roaring success the immediate future is looking trouble free with no imminent financial worries to bother about.
Interested to see what price they managed to hedge at.
The current high price of Brent will be beneficial to the coffers and help with monies due to Petroperu.
The only issues I can see is Iran coming back on line boosting world production and prices won't have to go much higher for US shale to mount a comeback, although the banks might not be as keen to bankroll it this time round.
With cash in our back pocket for drilling and acquisitions mooted prospects for growth are looking good, we just don't want oversupply.

Short article regarding Platinum, with THS spreading the news via their twitter feed.

https://www.mining.com/web/is-platinums-explosive-rally-the-start-of-a-bull-run/

Ah ah that's one of my interests the Co2 carbon climate change hoax, there is no real evidence for it if you research it, it's all about transfer of wealth via taxes and most of it going east, the Paris Accords.
Co2 is great for plants, increasing yields, more resistance to pests plus more drought resistance. The major factor is the sun and we are entering a GSM hence colder weather.
Just look what's happened with this cold snap, no wind, solar useless in winter especially when covered with snow. Gas the main goto fuel in the UK, coal a back up in the US, nuclear is a no go for anybody who realises the waste has to stored and armed guarded 24/7 for 100's+100's of years, bet they don't cost that in.
You can bet all the elites will be invested in carbon swap scam, coal is the cheapest way to generate electricity hence that's why India and China build them, this day and age all the air pollution could be filtered out, as for Co2 the real truth is it is beneficial for all life on the planet.

When they get near cash positive, with solar gone only because they have changed their outlook on the power generation mix, will they look to expand the business with another coal powered plant?
I wouldn't be surprised if they have some expansion plans in mind, I don't see it as we hold what we've got and that's it, India is power hungry and I would think OPJ would want to be part of the expansion over the longer term.

It will likely come down to cash generation, LFs of the plant and coal prices, their customers to pay on time to prevent causing problems with cash flow, drive down debt, then become cash positive, prices increases for power generated are probably limited.
If the solar is sold for right price that would be beneficial, I would like to think if they achieve all the above the market would respond favourably.
Management have manouvred the company from the brink of a financial basket case to financially sound, if it wasn't India it would probably already be recognised.

Took profits first thing this morning will watch with interest with a view to re-entry on the update, good luck to all still invested.

Steelmaker Nucor expects to generate record quarterly earnings in the first quarter as its various steel-producing segments exhibit strong performance due to solid end-market demand.
"We are encouraged by positive economic trends and the robust demand we are seeing across our markets," Nucor CEO Leon Topalian said in a statement updating the company's first quarter financial forecast.
Bodes well for fe prices maintaining their momentum, good to see prices moving back up this week.

Interesting views and much appreciated, it seems we are at an inflection point regarding our future, which I agree with, now I have the weekend to ponder over the possible outcomes.

I posted this link on JSE its OPEC 's monthly review for February as a broader outlook on oil, originally from @chigrl on twitter she is well worth following for oil related info.
https://mobile.twitter.com/chigrl/status/1359854100591104001

Up 37% today haven't seen any news as to why.

From @chigrl on twitter OPEC's monthly February review.
https://mobile.twitter.com/chigrl/status/1359854100591104001

Jl, pleased you came out in front, yes James Sharp saw they were brokers so clients on their books we don't know who or how many make up the total % holding , going private is a possibility I will watch for signs.

I have a feeling just as important as the acquisitions will be OPEC and the other oil producing nations keeping a lid on their production, if the market becomes awash with oil through a rapid increase in production when the demand isn't there down the oil price will go.
At present that doesn't seem to be the case although production is increasing to meet anticipated demand.

https://www.spglobal.com/platts/en/market-insights/latest-news/shipping/020821-opec-lifts-output-by-440000-bd-in-january-as-cuts-taper-platts-survey

Hi TBTT,
Investor sentiment perhaps plays a part SLP has had a lot of exposure in recent times regularly tipped in IC and now as top pick in stockopedia as a top pick in their shares competition.
THS who knows about it? it hasn't been flagged as a darling by any stock pickers just yet, most investors I would guess come here via the SLP board and not directed here by news stories elsewhere.
Once news about THS becomes more mainstream with stories in the business press regarding their profitability and prospects then THS will become the new SLP.