SLP VS THS VS JLP

Hi found your post from your profile after a helpful analysis I saw of yours.

I hold Sylvania and Tharisa

SLP has been doing well. They are growing rapidly and sitting on a hefty cash balance. Much of this I imagine is buoyed by the rocketing price of rhodium etc but they're also increasing production and overall revenue generation.

I don't have a target price but I'm letting them run as they're at a share price that still rates them at such low multiples on price to book and so on.

THS is also doing well out of the PGM basket price and profits tripled. I hope you got in after your post as they've been on a tear! They have reintroduced a 5.4% dividend after pausing it earlier this year. They should be expanding chrome production which so far has been a bit of a drag due to reduced stainless steel demand, which let's hope returns this year.

I wonder if the commodity prices will remain so high and if profits might fall. Both did also reduce costs so these big profit uplifts weren't only delivered by $16,000/oz prices. New emissions standards in China and overall EV production will probably maintain demand however.

Simon Thompson of Investors Chronicle put me onto both and he continues to rate them.

I don't hold Jubilee as I didn't want to hold too many companies in South Africa and in PGM. I understand they are diversifying into copper. For that I hold Central Asia Metals and others. CAML pays a dividend (reintroduced at 6p per share from the 6.5p they suspended) and copper price is strengthening and they can dig it out cheaply in Kazakhstan.

Hope that helps and would appreciate hearing what you think.