Platinum group metals and chrome producer in South Africa Tharisa (THS) has issued a fourth quarter and full-year production report noting that it “will translate to a strong set of financial results… net cash position of US$78.6 million (30 June 2022 US$48.0 million)”, and helping the shares up to 107.5p.
South African metals producer, Tharisa (THS), has announced results for its half-year ended 31st March 2022, including “PGM production of 91.8 koz, up 22.2%... Chrome production of 776.7 kt, up 6.3%... strong commodity markets”. That sounds good!
Tharisa plc (THS) has announced agreements with “BEE shareholders Thari Resources owning 20% and The Tharisa Community Trust owning 6%” to acquire their interests to make a wholly owned subsidiary. What now, with the shares having responded up to 144p to buy?
PGMs and chrome producer in South Africa Tharisa (THS) has updated on its quarter ended 31st December 2021, including that “we remain firmly on track to deliver, and hopefully exceed, our stated guidance of 165 koz to 175 koz PGMs and 1.75 Mt to 1.85 Mt of chrome concentrates in the current financial year”.
PGMs and chrome concentrates producer in South Africa Tharisa (THS) has announced results for its year ended 30th September 2021 and “FY2022 production guidance of between 165 koz and 175 koz PGMs (6E basis) and 1.75 Mt and 1.85 Mt of chrome concentrates” – further increases on the year just ended.
Last month on PGMs and chrome producer in South Africa Tharisa (THS), we concluded with the shares just above 100p that we look to an anticipated fourth quarter update to further reassure and highlight continuing cash flow and growth potential. Now the company has produced its Q4 update and the shares have risen to 130p.
Tharisa (THS) has announced “record quarterly chrome concentrate output and increased PGM production supported by stronger pricing” and the shares have nudged up to 130p.
Private investors are often looking to buy into companies where the share price has fallen, rather than those which are near all time highs, but in some cases that is the opposite of what they should be doing!
