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SIBANYE STILLWATER LTDSIBANYE STILLWATER LTDSIBANYE STILLWATER LTD

SIBANYE STILLWATER LTD

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SSW trade ideas

Our opinion on the current state of SSWSibanye (SSW) is a mining house which has been on a rapid acquisition trail accumulating platinum and gold mines in South Africa and America and is now broadening its scope to include base metals and minerals, especially so-called "green" metals. The company is run by Neal Froneman who is well-known in the mining industry for his toughness, expertise, and experience. The acquisition of the Stillwater palladium mine in America was a brilliant move, but it added $2,2bn of debt to SGL's balance sheet which left it very highly geared. That debt has now been substantially cleared. Sibanye has also bought Lonmin for shares which gave it a very valuable extraction plant but resulted in more than 13 300 job losses. Sibanye is now the world's largest producer of platinum group metals (PGMs). Froneman has said that he intends to retire in about 2024/5 but intends to double the size of the company before he does. The price of PGM's has been rising, especially rhodium and palladium (produced by Stillwater). Sibanye is also considering moving into the base minerals used in motor vehicle batteries like vanadium, copper, nickel, and lithium. On 1st June 2021 the company announced a share buy-back program to repurchase up to 5% of its issued shares. In its results for the year to 31st December 2022 the company reported a profit of R19bn compared with R33,8bn in 2021. The CEO, Neal Froneman, said, "Global macro influences, including significant inflationary cost pressures globally, ongoing supply chain disruptions and a deteriorating economic outlook, which reflected in lower demand and lower prices for the metals we produce". On 30th May 2022 the company announced that it had received notice from Appian Capital for it to defend itself in a court case arising from its decision to back out of a deal to buy two mines for $1,2bn. On 30th June 2022 the company announced its intention to increase its stake in Keliber, a Finnish lithium producer to 80% at a cost of about R7,7bn. On 13th March 2023 the company announced that there had been damage to the Stillwater shaft infrastructure which would temporarily affect production. In its results for the six months to 30th June 2023 the company reported headline earnings of R5,89bn compared to R11,94bn in the previous period. The company said, "The impacts of the precipitous decline in PGM prices and operational disruptions at our US and European regions, were cushioned by a significantly improved financial contribution from the SA gold operations". In an update on the 3 months to 30th September 2023 the company reported, "SA gold operations generated R344m (US$19m) adjusted (Adj) EBITDA, a R1.2bn (US$67m) turnaround; ongoing S189 process at Kloof 4. US PGM operations resume planned mine production run rate in October 2023 driving improved outlook for production for Q4 2023". Technically, the upward trend which was in place since July 2018 came to an end in March 2021 reflecting weaker commodity prices, loadshedding and the flooding at Stillwater. A notable achievement was the 5-year wage deal which locks in wage increases of 6,3%. We believe that in time Sibanye will continue to make new all-time record highs in time in due to superb strategic management - so this drop in the share price is probably a buying opportunity. Froneman believes that Sibanye shares are undervalued and we agree with him, but everything will depend on the prices of the metals which he sells. On 14th September 2023 the company announced that it had commenced section 189 consultations for the retrenchment of 2389 employees at Kloof mine.
JSE:SSW
by PDSnetSA
Sibanye Still-Water ($JSESSW): The Long-term ViewThis is a monthly chart of SSW, we can see the channel within which price has been trending upwards. Within a falling wedge, price is now constricted where the green lines are converging. The pink support line is immediately below. Our eyes are on the swing low that will form in this range on a weekly basis for early birds, monthly swing low for less risk accepting investors. From here we cane expect price to begin trending upwards towards the upper resistance.
JSE:SSWLong
by runyamhere
2
$jseSSW Gap Fill or Die ($SBSW)My best effort with regard to thinking out of the box with regard to this challenging chart. This chart shows a steep ABC correction after a slightly truncated 12345 upward impulse wave. The chart has now returned to gap fill between 2688 and 2580. This area coincides with the 0.786 retracement at 2636. If there is no meaningful bounce a head and shoulder top comes into play and the target is very far down. If the share reverses this could be a H&S continuation, and the start of a fifth wave of the larger impulse waves as there is no more bullish scenario than a failed H&D. Something for both the bull and the bears.
JSE:SSW
by Woodcutter
2
UPDATE: Sibanye Medium term short trade still going to R16.89Sibanye has been on a smooth downtrend since 23 May 2023... I posted the Inverse cup and Handle which the price broke below the brim. Then the price made another Inv Cup and handle which broke below that brim. And now the price is following the downward trajectory line. I'm happy with this type of medium term short trade.. You're earning interest daily while short and it's a great hedge in the gold market. The target reamins at R16.89.
JSE:SSWShort
by Timonrosso
Our opinion on the current state of SSWSibanye (SSW) is a mining house which has been on a rapid acquisition trail accumulating platinum and gold mines in South Africa and America and is now broadening its scope to include base metals and minerals, especially so-called "green" metals. The company is run by Neal Froneman who is well-known in the mining industry for his toughness, expertise, and experience. The acquisition of the Stillwater palladium mine in America was a brilliant move, but it added $2,2bn of debt to SGL's balance sheet which left it very highly geared. That debt has now been substantially cleared. Sibanye has also bought Lonmin for shares which gave it a very valuable extraction plant but resulted in more than 13 300 job losses. Sibanye is now the world's largest producer of platinum group metals (PGMs). Froneman has said that he intends to retire in about 2024/5 but intends to double the size of the company before he does. The price of PGM's has been rising, especially rhodium and palladium (produced by Stillwater). Sibanye is also considering moving into the base minerals used in motor vehicle batteries like vanadium, copper, nickel, and lithium. On 1st June 2021 the company announced a share buy-back program to repurchase up to 5% of its issued shares. In its results for the year to 31st December 2022 the company reported a profit of R19bn compared with R33,8bn in 2021. The CEO, Neal Froneman, said, "Global macro influences, including significant inflationary cost pressures globally, ongoing supply chain disruptions and a deteriorating economic outlook, which reflected in lower demand and lower prices for the metals we produce". On 30th May 2022 the company announced that it had received notice from Appian Capital for it to defend itself in a court case arising from its decision to back out of a deal to buy two mines for $1,2bn. On 30th June 2022 the company announced its intention to increase its stake in Keliber, a Finnish lithium producer to 80% at a cost of about R7,7bn. On 13th March 2023 the company announced that there had been damage to the Stillwater shaft infrastructure which would temporarily affect production. In its results for the six months to 30th June 2023 the company reported headline earnings of R5,89bn compared to R11,94bn in the previous period. The company said, "The impacts of the precipitous decline in PGM prices and operational disruptions at our US and European regions, were cushioned by a significantly improved financial contribution from the SA gold operations".Technically, the upward trend which has been in place since July 2018 came to an end in March 2021 reflecting weaker commodity prices, loadshedding and the flooding at Stillwater. A notable achievement was the 5-year wage deal which locks in wage increases of 6,3%. We believe that in time Sibanye will continue to make new all-time record highs in time in due to superb strategic management - so this drop in the share price is probably a buying opportunity. Froneman believes that Sibanye shares are undervalued and we agree with him, but everything will depend on the prices of the metals which he sells.
JSE:SSW
by PDSnetSA
Sibanye investors in for a nasty surprise or sweet deal?JSE:SSW is a prime example that the market is forever evolving and one needs to evolve with it to stay on top.The instrument was coming down in a mini falling wedge on the lower time frames, from which it broke out and began its rally without closing the gap between R25.80 and R26.90 even after coming so close to it. It must be borne in mind that market gaps are like windows that need to be closed eventually. Considering the recent price action, there seems to be a medium bearish penant in play and for now price closed bullishly above the 50 DAY EMA. A temporary relief from the bulls may have price rebounce at around R30.50 to continue its rally during towards the R34.60 ~ R36.20 levels where it may run into resistance. Taking the ingredients into account that there seems to be a bearish penant in play, and that price reversed before closing the lower market gap, Investors will need to watch the R34-R36 resistance zone closely as price may make a nasty turn towards the gap once Earnings & Revenue data comes out on Tuesday the 29th of August 2023. bearish reversal patterns on the lower time frames will need to be checked carefully and caution taken if they develop steeply over tomorrow and Monday's sessions. A strong reversal from this resistance zone also puts the possibility of price trickling down to R15.40 on the table. Long positions may be added onto only when price is trading and holding well above R36.60
JSE:SSW
by Source_Sailor
Sibanye Stillwater not so "still" in the long term forecasts.JSE:SSW slipped off the ladder in March 2022 from its all time highs of R80.22, almost exactly 2 years after it had found support at R15.40. Considering the latest price action, we can see price caught in a decending channel and is also now trading around the 50 DAY EMA with a falling wedge. Considering the market gap between R25.80 and R26.90 The instrument may continue painting a falling wedge until this gap closes and support is found. Price is then forecast to creep bullishly to the R34.60 ~ R36.20 levels where it may run into some resistance. Short term long positions may be considered at the R25.80~R26.90 levels and closed if the instrument starts trading below R24.90. as probabilities of it inching lower will be on the table. Scenario1 (Probable after finding support at R25.80) : SSW heads for and breaks the resistance, then trades and holds well above R37.30. This may see it trading bullishly to R39.62 for another higher gap close on the daily time frame. Next levels to look at would be R45.78, R52.40 and R76.60. Scenario 2 (Possible at the resistance): The R34.60 ~ R36.20 levels hold as resistance and price reacts strongly bearish, sending the instrument plummeting to R15.40 over the medium term to seek and retest support. Best to wait and see if price reacts STRONGLY bearish here or it consolidates in the form of a bullish continuation pattern.
JSE:SSW
by Source_Sailor
SBSW | Its Almost Golds Time | LONGSibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Europe, and Australia. The company produces gold; platinum group metals (PGMs), including palladium, platinum, rhodium, iridium, and ruthenium; chrome; nickel; and silver, cobalt, and copper. It owns the East Boulder and Stillwater mines located in Montana, the United States; and Columbus metallurgical complex, which smelts the material mined to produce PGM-rich filter cake, as well as conducts PGM recycling activities. The company also involved in the Kroondal, Rustenburg, Marikana, and Platinum Mile operations situated in South Africa; Mimosa located on the southern portion in Zimbabwe; the Driefontein, Kloof, Rand Refinery, and Cooke surface operations located on the West Rand of the Witwatersrand Basin; and the Beatrix situated in the southern Free State. In addition, it owns an interest in surface tailings retreatment facilities; the Marathon PGM project in Ontario, Canada; the Altar and Rio Grande copper gold projects in the Andes in north-west Argentina; the Hoedspruit; and the Burnstone and southern Free State gold projects in South Africa. Sibanye Stillwater Limited was founded in 2013 and is headquartered in Weltevreden Park, South Africa.
NYSE:SBSWLong
by DivergenceSeeker
3
SIBANYE - Double Bottom ReversalThe PGMS are finally catching a relief bid and SSW has since got back over the down sloping 20ema. While bulls hold this moving average and stay above swing lows, price looks set to go back towards the down sloping 200ema / resistance zone R36.50-R38.70 NB: There is a open gap around R39.50 A double bottom is a bullish reversal pattern that shows a trend change from a downtrend to an uptrend. It is made up of two low points that are roughly equal, with a moderate peak in-between, forming a “W” shape on the chart. The pattern is confirmed when the price breaks above the peak level.
JSE:SSWLong
by Trader-Dan
UPDATE Sibanye Stillwater is about to waterfall down to R16.89Since the last update, Sibanye is heading to the first target. We have a long way to go, so you can see the update here. There has been an Inverse Cup and Handle form on Daily. This is definitely deemed a medium term trade. But luckily with shorts, we earn interest income. 200>21>7 - Bearish RSI<50 Target R16.89 ABOUT THE COMPANY Sibanye Stillwater is a South African mining company that specializes in precious metals mining, particularly gold and platinum group metals (PGMs). The company was formed in 2013 as a result of a merger between Sibanye Gold and Stillwater Mining Company, an American PGM mining company. Sibanye Stillwater is headquartered in Johannesburg, South Africa, and has operations both in South Africa and the United States. The company operates several mines in South Africa, including the Driefontein, Kloof, and Beatrix mines, which are all located in the Witwatersrand Basin. Sibanye Stillwater's PGM operations in the United States are centered around the Stillwater and East Boulder mines in Montana. These mines are known for their production of palladium and platinum. Sibanye Stillwater is listed on the Johannesburg Stock Exchange (JSE) in South Africa and also has a secondary listing on the New York Stock Exchange (NYSE).
JSE:SSWShort
by Timonrosso