to join the discussion
Debt's real but so is the asset base underneath it, the rand's been a headwind that works both ways when it swings back. Anglos carrying similar leverage on way smaller reserve life, SSW's positioned perfectly if automotive demand returns to normal and palladium doesn't crater further from here.
R40.10 holding, big buy order at close
Feels like halftime at Ellis Park, second half turnaround coming
Platinum's been dead money for years, SSW's carrying more debt than most peers can stomach. At R40.10 you're betting on either a China miracle or them cutting deep enough to matter. Long term maybe, but the near term looks like a patience test most of us don't have.
Interesting numbers on the last results, PGM prices holding up better than I expected but the rand strength is eating into conversion. Fwiw the long term thesis on automotive demand still holds but at R40 you're paying for a pretty optimistic palladium price deck.
platinum still cheap compared to palladium, SSW sitting on massive reserves and the automotive cycle coming back. R40.10 is a steal if you're holding past next year. LFG
platinum stuck in limbo while auto demand still weak. r40.10 is where it was, rand not even helping much anymore. if they can't cut costs hard they'll struggle to move imo.
Spent last night on the MD&A. Palladium exposure is the real story here ngl
SSW sitting at R40.10 and the PGM cycle is still messy but their SA operations are actually cash generative even with load-shedding hammering everyone else. If platinum stays above USD900 they've got real runway, Sibanye's not going anywhere like some of the juniors are. Long term the catalytic converter demand isn't slowing down so wouldn't panic here, good luck everyone.
Platinum's still hammered globally but SSW's got the scale and cash generation that smaller producers will never touch. At R40.10 you're picking up a major producer with real assets in a cycle that's eventually going to turn, not some penny dreadful hoping for a miracle. PGM demand from auto and hydrogen isn't disappearing, just compressed right now.
good morning everyone. ssw sitting at r40.10, platinum still weak but palladium holding up better. their sa operations bleeding cash with load-shedding killing margins, but international assets keep them afloat. long term play if you believe pgm prices recover, otherwise this is a grind.
SSW sitting at R40.10 but palladium weak and auto demand still iffy. long term thesis is solid, PGMs arent going away, but near term could get messy if rand stays strong. ngl the balance sheet is decent compared to peers but youre betting on a recovery that hasnt shown up yet.
R41.22 now, algo carnage continues
@guppy_jse come on man, show us something
R41.22 already bouncing back, LFG