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val sitting at r1154.47 but the peg ratio on pgm explorers is stretched right now. comparing to other juniors on the bourse, you're paying for hope not resources yet. management needs to drop a decent resource estimate soon or this stays rangebound, shake out weak hands then maybe move.
platinum space is cooked unless you're sitting on tier one assets, and val's still in the prospecting phase so youre essentially betting on the geology working out. at R1154.47 youre paying for hope not cash flow, which is fine if you believe in the project but timing wise with load shedding crushing SA mining margins, catch the express train or wait for capitulation.
Platinum fundamentals are still there but VAL's been quiet on exploration updates. At R1154.47 the market is pricing in either delays or just waiting for next drilling results. Hard to build conviction when the majors are doing the heavy lifting, reckon we need to see resource numbers that actually move the needle.
Been reading the latest sens filings, platinum recovery numbers are decent actually
@trpine_patient EXACTLY RIGHT!! PLATINUM CYCLE IS HERE AND VAL IS POSITIONED PERFECTLY!! RAND WEAKNESS JUST ACCELERATES THE UPSIDE!! LFG!!
Rand weakness is def a tailwind for any PGM play when you're selling in dollars. Thing is VAL's still early stage exploration so you're betting on them actually finding and developing something material, not like the established guys with cash flow already. Platinum cycle turning is real but execution risk here is chunky. I'm holding but keeping realistic about what this actually is.
Good Morning Everyone. VAL closed R1200.68, sitting on pretty thin float for a JSE miner. platinum thesis is solid long term but volume needs to pick up if this thing wants to run, exploration plays like this live and die on sentiment and capital flows.
@trpine_patient rand doing us favors for sure, ground is solid here
val sitting at r1200 on a platinum story thats actually got legs, not just another junior waiting to die. the exploration upside on those pgm tenements could be real money if they nail the resource definition, and thats the bit most people sleeping on ngl.
VAL sitting at R1200.68, which is interesting given the rand weakness we've seen. Platinum spot price has been climbing and the majors are still scratching around for new resources. If they can move past exploration into something mineable it changes the whole picture, but that's years away. Worth keeping an eye on the quarterly updates.
Platinum cycle turning and Val's got decent ground position. Comparison to Impala or Lonmin back in the day, when you actually had real resource plays trading at these levels. Long-term view hasn't changed, ngl the rand weakness actually helps here.
Look, people freaking out about pre-revenue are missing the plot. Lithium and PGM plays spent years in exploration before they printed money, and we're sitting on solid ground here with actual platinum assets not just a dream. R1180.71 is nothing if management executes on the resource eval, but ja, impatience kills good positions.
Closed at R1180.71 but platinum keeps getting smashed globally, thats the real headwind here. VAL needs a resource upgrade or some solid drilling news to justify sitting at these levels when spot keeps rolling over. Exploration play so patience required but the macro aint helping right now.
Platinum prices have been under pressure and that's showing in VAL's chart. Thing is, if you're holding long term the assets are still there, the metal in the ground hasn't gone anywhere. Just a question of when sentiment turns and whether management can keep costs down while we wait. R1180.71 is not terrible if you believe in the cycle.
VAL at R1382 is pricing in zero growth basically, earnings yield is mental if you back out the property revaluation noise. Compare that to the retail horror show and suddenly a boring diversified play doesnt look so boring. Been through worse cycles, big dogs dont cook they eat.
VAL at R1382 is giving decent value if you look at the dividend yield and what the market's paying for similar retail plays. Been gobbling them up under 1380, think the dips get bought here. Not selling at these prices, balance sheet is solid enough for the long game.
Well looky look, VAL closed at R1382.11 and the dividend yield is still solid for a defensive play like this. Compare that to some of the other retail names and you're getting better value, especially if they can keep margins stable through the load-shedding chaos. Long term it's a hold for me, just frustrating as hell waiting for any real movement up.