To followers of Sylvania Resources – and in particular the holders of the June 05 Options – I’d say definitely keep the faith, and EXERCISE IF YOU POSSIBLY CAN!
And to anyone looking for a decent entry point …THIS IS IT!
In my view, the ordinary shares (SLV) are an outstanding buy at present levels, as I believe there may be some exciting developments in store over coming weeks.
London instos were recently cut back in their applications for shares at 45c, and last week’s announcement of the acquisition of an 800,000oz PGM deposit at Everest North, was merely an appetiser!
Meanwhile, RK1 Kroondal is churning out low-cost PGM’s with the prices being achieved the best they’ve been for a long while - $US to ZAR currently 6.83, platinum US$874/oz!
But it is the Sylvania options (SLVO – 20c exercisable) which offer the most interesting opportunity. Buy them (and exercise immediately), and you will be purchasing Sylvania shares at a significant discount to the ordinaries.
SLV Price at posting:
0.0¢ Sentiment: None Disclosure: Held
