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THA at R25.20 is still trading well below the highs we saw two years back, which tells you the platinum complex has been under sustained pressure. The dividend yield keeps it interesting for income hunters, but the PGM cycle and rand strength are headwinds that won't shift overni
THA up 1.70% to R25.70 on decent volume, but platinum prices remain under pressure globally. The fundamentals haven't changed much, so I'm treating this as a relief bounce rather than a new uptrend.
chrome holding up better than pgm right now but tharisa's margins getting squeezed. ferrochrome side carrying them. question is how long before pgm catches a bid again, otherwise what's the story at R25.80.
tha's ferrochrome margins getting squeezed but pgm side is carrying water right now, especially with palladium holding up. read the h1 numbers and the cash generation is still solid even with the rand doing its thing. at r25.80 you're not paying much for the chrome assets, just paying for pgm optionality really. lot depends on whether they can keep costs down through load-shedding season.
Chrome cycle is brutal but pgm upside is real, tharisa's sitting on decent reserves and they're actually making cash at these levels. Ngl the rand helps exports but ferrochrome margins are thin, long term play on pge recovery though.
THA down 3% today, platinum sector getting hammered on softer demand signals. Still trading around 0.8x book value though, so not catastrophic if you believe in the cycle turning.
Took the dip on THA at R25.56 to build a position, platinum fundamentals are stretched but the company's got decent margins and this selloff feels overdone relative to their cash generation.
Do you think the chrome price recovery is real or just a bounce. PGMs holding up better but ferrochrome margins still thin, and we're not seeing that translate to the bottom line yet. Where's the cash generation story.
Chrome and PGM both getting crushed globally so margins are getting hammered but the balance sheet is still solid and debt is manageable. THA pulled off ferrochrome production in a load-shedding nightmare which most mines would've folded on, so management actually knows what they're doing. Long holders aren't worried about the next 18 months, this is a commodity cycle play and we'll see what 2026 looks like when China actually starts buying again.
THA sitting at R25.25 and chrome prices are still holding up decently, but the real play here is waiting to see if they can get PGM volumes moving again. Ferrochrome margins are thin ja, so if platinum stays anywhere near current levels the upside could be lekker. GLTA
chrome prices still decent but man, ferrochrome margins got squeezed proper. tha's sitting at r25.25 and ngl if pgm basket holds up we could see some upside, but the rand swings are killing everything right now, eish.
THA up 3.39% to R28.95 today, which is decent given the broader PGM malaise. Impala Platinum's trading at a lower P/E multiple despite similar exposure, so THA's valuation looks a touch stretched unless management delivers on that vanadium upside they've been talking about.
THA up 3.39% but the PGM complex is still under pressure from weaker global demand and Chinese economic concerns. Hard to justify this bounce when the fundamentals haven't shifted meaningfully.
Tharisa's 3.21% pullback to R2800 presents an interesting contrast to Impala's recent operational resilience. Given Tharisa's dual PGM and chrome exposure, the valuation multiple compression we're witnessing today may offer a generational entry point for family offices seeking di
THA's 3.3% pullback to R2.799 presents a tactical opportunity for value accumulation, particularly given platinum's structural supply deficit and the company's leverage to both PGM and battery metals exposure. The sell-off appears emotionally driven rather than reflective of dete
THA up 4.80% today on those interim results, ja nee. Wonder how it stacks up against Impala or Lonmin though, or if I should just stick with a resources ETF instead of picking winners in the platinum space?
With THA up 6.90% on the back of interim results, the market seems to be pricing in improved PGM fundamentals, but I'm curious whether management's guidance on sustaining production volumes at current palladium-rhodium spreads justifies the move given the broader macro uncertaint
THA trading flat today but the rand strength against dollar is the real headwind here. PGM basket pricing in USD terms remains under pressure from weaker global growth expectations, which means even if volumes hold, the ZAR conversion benefit that typically supports the stock get
THA's 4.87% rally reflects typical platinum cyclicality rather than fundamental repricing. At current levels, the stock still trades at a discount to replacement cost of its PGM reserves, but persistence of high all-in sustaining costs alongside volatile basket pricing means embe
Current R 24,00 — 50% of range
Fundamentals sourced from JSE disclosures. Updated quarterly.