A well run company with $16.6m cash on 31st March, half of market cap is in cash as has a strong cash flow.

latest results were an increased annual production from the 63-65K Oz expected
Fourth Quarter Report to 30 June 2017
"Another excellent quarter's production of 17,954 ounces bringing total annual production to 70,869 ounces - a new Company record."

"Sylvania is pleased to report that the rights to mine copper, gold, nickel and PGMs as well as heavy minerals, iron and vanadium were granted by the DMR on 31 March 2017."
"Sylvania Platinum is a rapidly expanding producer of the platinum group metals"

Metals produce or with rights to mine - Platinum, copper, gold, nickel rhodium, iron and vanadium

Some negative
Excess supply and inventories and demand uncertainty
SA becoming uninvestable due to poor policy


Market data
Shares in Issue 290m
Market Cap. £27m
Share price 9.25p
PE Ratio 11.28
Earnings 0.86p ( 1.28 US cents )

..

Another good rise with volume 4.3M shares traded

11.375p +0.375p

Sylvania Platinum Limited - Share Purchase

The Company hereby announces that, on 22 August 2017, 1,498,248 ordinary shares of USD0.01 each in the Company ("Ordinary Shares") were repurchased at 10.7274 pence per Ordinary Share, and will be held in treasury to satisfy future management awards.

Following this transaction, the Company's issued share capital will be 297,981,896 Ordinary Shares, of which a total of 9,604,135 Ordinary Shares are held in treasury. Therefore the total number of Ordinary Shares with voting rights in Sylvania is 288,377,761 Ordinary Shares.

Is It Time To Buy Platinum? - Jul. 5, 2017 5:59 PM ET|

Summary

Platinum is the worst-performing precious metal in the complex and has been down four of the last five years.

At current prices, mine production is unsustainable and as we approach platinum's cash costs of production, supply will inevitably decrease.

Negativity based on its role in the auto industry is driving investor sentiment.

Implementation of tougher emissions standards in China for diesel are scheduled to go into effect in January 2018, which will use more platinum.

Speculative sentiment is the most bearish it has been since the CFTC has published records in 2006.

While we have put a heavy focus in covering gold and silver, the hammering that platinum has received has piqued our interest. We believe that in platinum investors might have the best opportunity of all precious metals. Of course, looking at the YTD chart of platinum doesn't inspire much confidence:

In fact, it's not only this year platinum has been falling. It has been the worst-performing precious metal over the last 10 years. After the drop seen on Monday, it has fallen four out of the last five years -- how is that for beaten down?

Much of this drop has been attributed to the expectations of "changing consumer interests" as they purchase more gasoline vehicles vs. diesel vehicles. Since gasoline vehicles primarily use palladium in catalytic converters (diesel vehicles use platinum), the result is that industrial demand will fall for platinum -- hence surging palladium, which has almost reached parity with platinum.