Tharisa (JSE: THA)

27.49 hello. That's better.

27.49 and green. Chrome holding up.

27.49 and climbing. Chrome holding up nicely today.

27.49, up 3% this morning!

27.49 up nicely today, lekker.

26.56 now. Down but not out.

26.56 now, bit of a wobble today.

THA sitting at R27 is worth watching if platinum prices hold above USD950 this week. Dividend yield is still meaty enough to justify the hold for income players, though the cyclical headwinds in PGM remain real.

THA breaking above that R24 level on solid platinum fundamentals, and the longer-term setup looks decent if palladium stays supported and they keep costs in check. Pre-revenue plays are where the real money is, but this one's got actual operations, so the risk profile is differen

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.

r65 by christmas, minimum!!

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