$SBSW Silbane is bottom feeding I love you and you love me too, so here it goes. Chart speaks for itself. Dont mind the dip where it went under the line. Its got what it needs.
SBSW trade ideas
SSW: Distance vs 200-WeekThe risk is that the share trades toward the lower boundary of the multi-year channel. The technical 'margin of safety' is that the share is trading 53% below it's 200-week simple moving average. By historical measures, this coincides with an appealing reward-to-risk on the buy/long side. Also note the inside bar being printed last week (along with Impala Platinum).
Sibanye - Key LevelThe stock has had a nasty mode down today and testing a "key" level at R20.
Failure to hold onto this area will likely lead to the stock moving down to target the swing low at R17.55
Above R21.75 the longs gain the short-term upper hand again.
sbsw breakout!dumped everything else. We are in SBSW, looks like the risk rally still got some wheels.
$JSESSW - Sibanye: Looking More Bullish On Technical IndicatorsSee link below for previous analysis.
It's been tough going for Sibanye since reaching an all time high in March 2022.
A 78% drop saw price plummet to 1756 before bulls came in to nibble.
The question is, has the stock bottomed at 1756?
Here are a few technical reasons to be bullish:
*Elliott Wave count suggests wave (C) is complete having unfolded in an impulse.
*Price has broken the upper trendline with wave (C).
*Wave (C)/MACD made a double convergence which is a bullish sign implying downward momentum is waning.
With all these indications one can never be certain so I will keep a close eye on 1756 as my invalidation level.
Yoohooo, SBSW … I see you sneaking NYSE:SBSW Perfect opportunity upcoming for a retest for previous highs. Buy low sell high is a piece of wisdom for risk management.
Sibanye downtrend broken - Warning for shortersSibanye has dropped beautifully with the INverse Cup and Handles...
That was until this month where the price broke above the downtrend for the first time.
Now to short is a risky business as the momentum is looking up and the buyers are taking over control.
This overlays with the boost in the Gold and Platinum price and the general resource market upturn.
We can say the bias is short still but it could turn very quickly...
$JSESSW - Sibanye: 1756 The New Level Of InterestSee link below for previous analysis
I did update Sibanye recently and little has changed but the stock has caught a bid at 1756 which now becomes the invalidation level to watch in the short-term.
It is still very early to even think that a bottom is in here.
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 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. 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. 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 9th November 2023 the company announced that it is to acquire Reldan, a US-based metals recycler, for $211,5m. 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. On 6th November 2023 the company announced that it had made a five-year deal with AMCU at its Kroondal PGM operation for a minimum 6% per annum wage hike. On 21st November 2023 the company announced that it would raise $500m by issuing a convertible bond that will pay 4% to 4,5% until it can be converted in 2028. The news caused some shareholders to switch out of the shares resulting in a 20% drop in the share price.
UPDATE: Sibanye drops another 23% almost at targetYes we made a probability prediction on this large move down.
It's close to the target of R16.89.
But it's never good betting or hoping for a stock to crash and burn.
There is no scrip to short, so the only good thing about this analysis is brining awareness to investors who think it's cheap to buy and then they wake up 23% down...
This is a reminder that when markets are dropping, they are dropping for a reason. They aren't falling to go back up - They aren't roller coasters...
So don't think you've caught the bottom when the bottom is still a while away.
We can expect more downside and with Sibanye-Stillwater launching a US$500 million senior unsecured guaranteed convertible bonds coming in 2028.
We can expect more turbulence. Be careful out there. It's a moshpit for those who aren't risk averse.
Sibanye StillWaterSibanye down more than -20% after announcing plans to issue a $500 million convertible bonds to acquire recycling operations in the US.
Technically the share has breached the 20-22 support area. Next support comes around 14-15, an area just below the Covid-19 lows.
#WeeklyChart
SSW.JSE Sibanje Stillwater Kwadoonks.Sibanje Stillwater Kwadoonks. "Slang" If a Stock made a noise as it PLUNGES DOWN.
My April / May 2023 Fibonacci Study showed the FIB - 0 to be R16
Do these Retracements work?
Wow I did not expect that coming.
Please use this study for education purposes only.
Smash that Rocket Boost Button to show your Appreciation for my Chart Studies.
Regards Graham.
Where will Sibanje Find Support?I'm looking for other Expert Analysis on this.
Please comment and show me where I might be Wrong.
Got R30k in this stock @ R46.
SBSW looking cheap Some good news should see Sibanye Stillwater turn around (or at least have a strong bounce)
It's a higher risk stock with a higher reward potential.
Sibanye With Another Failed Daily CycleSibanye came in with not so good earnings causing price to capitulate, in that process it went lower than R28.60 (21 August price), this represents a cycle failure early into another daily cycle that must lead to a yearly low. We can get a rally from buyers perceiving R28 level as a good buy how since the cycle is failed we can expect price to eventually trend lower than R28.44.
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 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. 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. 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 9th November 2023 the company announced that it is to acquire Reldan, a US-based metals recycler, for $211,5m. 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. On 6th November 2023 the company announced that it had made a five-year deal with AMCU at its Kroondal PGM operation for a minimum 6% per annum wage hike.
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. On 6th November 2023 the company announced that it had made a five-year deal with AMCU at its Kroondal PGM operation for a minimum 6% per annum wage hike.
Sibanye Still-Water: Medium Term ViewSibanye-Stillwater price has been guided by the green resistance and support, now reaching a convergence of these lines, the support line intersects with pink upsloping support of broadening wedge. Previously this support has propelled price to upper resistance, this would mean Sibanye setting new highs.
There is a risk of price falling out of the tight triangle, we therefore must work with confirmations, weekly swing & closing above the green line on a weekly basis gives a higher confidence that trend looks up.
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.
$JSESSW - Sibanye Stillwater: How Low Can Wave 5 Go?See link below for previous analysis.
PGM stocks have clearly not yet bottomed.
Sibanye is trading as previously forecasted and looks to be in the fifth and final wave of wave (C).
Price action has been choppy from the wave 4 peak suggesting wave 5 could be an ending diagonal.
How much lower the stock can go is anyone's guess so I stay short until I get reversal signals.
Sibanye - 52 Week LowAfter taking profit on the last relief rally (reversion to the mean trade) the stock finds itself making a new 52 week low.
A relief rally is possible here with next major level of support being around R22.50
The lower timeframes will give clues to whether buyers step in to possibly target R27 in the short term.
Previous idea in link
NB: countertrend idea
#SSW #JSE #SIBANYE selling showing signs of exhaustion?Keep an eye on SIbanye, multiple bullish divergence on stochastics and RSI reclaiming S1 Pivot. Ultimate test to turn the structure here is a close above R32.00 but signs are showing slowing momentum to the downside and a possible run coming up for Sibanye.
$ssw looking constructive for a trip to the top of the channelFWB:SSW chart has similar divergences and candle pattern and if it moves similarly to the previous impulse could move to the top of the channel - note this would still a rebound wave with a larger downtrend until the channel is broken. macd is running very flat and expecting a big move some time soon. Note the gap fill area above 2700 has provide initial support thus far
