Wesizwe Platinum Trade Ideas — OTC:WSZWF

Our opinion on the current state of WESIZWE(WEZ)Wesizwe (WEZ) is a miner of platinum group metals (PGMs) through its development of the Bakubung Platinum Mine (BPM). The mine is being developed to access the Merensky and Upper Group 2 (UG2) resources, located near Rustenburg on the Western Limb of the Bushveld Complex. In addition to BPM, the company owns 17.1% of projects 1 and 3 of Maseve Investments. In its results for the six months to 30th June 2024, Wesizwe reported headline earnings per share (HEPS) of 7.36c per share, a significant improvement compared to a loss of 59.63c in the previous period. The company stated, "Administration expenditure increased by 749% to R35.05 million, from R4.13 million in the prior corresponding period. - Net foreign exchange gains of R170 million due to the strengthening of the Rand against the US Dollar (2023: R1.783 billion loss)." The share trades about R145,000 worth on average every day, making it viable for small private investors. However, Wesizwe is a marginal precious metals company, and its performance is heavily dependent on PGM prices, which makes it a risky investment. The share price has fallen from a high of 197c in October 2021 to around 53c following recent results. Given its volatility and risk profile, there are likely better options available in the PGM market for investors.

Our opinion on the current state of WESIZWE(WEZ)Wesizwe (WEZ) is a miner of platinum group metals (PGMs) through its development of the Bakubung Platinum Mine (BPM). The company is working on a project to access the Merensky and Upper Group 2 (UG2) resources. The mine is located near Rustenburg on the Western limb of the Bushveld Complex. Wesizwe also holds a 17.1% stake in projects 1 and 3 of Maseve Investments. In its results for the year ending 31st December 2023, the company reported a headline loss per share of 1.36c, an improvement compared to a loss of 8.24c in the previous year. The company noted, "The Group’s cash resources at the reporting date of R227.9 million (2022: R342.6 million) are not sufficient, based on current budgets, to conduct operations and complete the development of the BPM Project. The Group’s current liabilities, including shareholder’s loans of R3 017.4 million (2022: R5 634.3 million), exceed current assets by R3.5 billion (2022: R5.6 billion)." In an operational update on 9th September 2024, Wesizwe stated, "During the hot commissioning of the concentrator plant, certain defects were identified in the plant which required rectification." Additionally, Section 189 consultations relating to a possible restructuring of the Bakubung Platinum Mine were underway. The company anticipates that underground mining will ramp up to approximately 83ktpm by Q4 2025. In a trading statement for the six months ending 30th June 2024, the company estimated headline earnings per share (HEPS) to be between 1.4c and 13.32c, compared with a loss of 59.63c in the previous period. This increase was mainly attributed to unrealised foreign exchange gains on foreign-denominated loans. Wesizwe's shares trade about R150,000 worth on average daily, making it a viable option for small private investors. However, it is a marginal precious metals company and is heavily dependent on the volatility of PGM prices, which makes it a risky investment. The share price has dropped significantly, from a high of 197c in October 2021 to around 55c following recent results. Given the risks involved, there may be better options available in the PGM market for investors.

Our opinion on the current state of WEZ Wesizwe (WEZ) is engaged in platinum group metals mining, primarily through the development of the Bakubung Platinum Mine (BPM), located near Rustenburg on the Western limb of the Bushveld complex. The company's focus includes accessing the Merensky and Upper Group 2 (UG2) resources. Additionally, Wesizwe owns a 17.1% stake in projects 1 and 3 of Maseve Investments. In its financial results for the six months ending June 30, 2023, Wesizwe reported a loss per share of 59.63 cents, a significant increase compared to a loss of 4.09 cents in the previous period. The company attributed the total comprehensive loss of R981.5 million to higher total administration expenses, which included both administration expenses and capitalized costs. In a trading statement for the fiscal year ending December 31, 2023, Wesizwe estimated a headline loss ranging between 0.95 cents and 1.77 cents per share, compared to a loss of 8.24 cents in the previous period. Despite being viable for private investors with an average daily trading volume of about R176,000 worth of shares, Wesizwe is considered a marginal precious metals company. Its performance is subject to the volatility of platinum group metals (PGM) prices, making it inherently risky. The share price has declined from a high of 197 cents in October 2021 to levels around 47 cents following the recent results. Given its risk profile, investors may find better opportunities in other PGM market options.

$JSEWEZ - Wesizwe Platinum: How Are The Fundamentals Here?This is my first coverage of Wesizwe and I have no idea what the fundamentals are like but technically I see good speculating opportunities on a small cap. Clearly the stock has been beaten and battered since April 2007 but I see a textbook zigzag patten from 1650 to 31 cps. *wave (A) unfolded as an impulse *wave (C) unfolded as an ending diagonal Since the 2019 low of 31 cps, price has held above this level and is looking impulsive. I consider this stock purely speculative so a stop-loss below 31 cps is recommended for those who may want to nibble. **chart shown in log scale.

Our opinion on the current state of WEZ Wesizwe (WEZ) is a miner of platinum group metals through its development of the Bakubung Platinum Mine (BPM). The company is developing a mine to access the Merensky and Upper Group 2 (UG2) resources. The mine is near Rustenburg on the Western limb of the Bushveld complex. The company also owns 17,1% of projects 1 and 3 of Maseve Investments. In its results for the six months to 30th June 2023 the company reported a loss per share of 59,63c compared with a loss of 4,09c in the previous period. The company said, "The total comprehensive loss for the six months under review is R981.5 million (compared to comprehensive loss of R69.2 million for the same period in 2022) as set out in the condensed consolidated statement of profit or loss and other comprehensive income. Total administration expenses are made up of administration expenses of R797.0 million (June 2022: R595.2 million) less capitalised cost of R792.9 million (June 2022: R567.5 million)". The share trades about R176 000 worth on average every day and so is viable for private investors. It is, however, a marginal precious metals company which is subject to the vagaries of PGM prices - which makes it risky. The share has fallen from a high of 197c in October 2021 to levels around 66c on the recent results. We think that there are better options in the PGM market.

Our opinion on the current state of WEZ Wesizwe (WEZ) is a miner of platinum group metals through its development of the Bakubung Platinum Mine (BPM). The company is developing a mine to access the Merensky and Upper Group 2 (UG2) resources. The mine is near Rustenburg on the Western limb of the Bushveld complex. The company also owns 17,1% of projects 1 and 3 of Maseve Investments. In its results for the year to 31st December 2022 the company reported a headline loss per share of 8,24c compared with a loss of 1,48c in the previous period. In a trading statement for the six months to 30th June 2023 the company estimated that it would make a headline loss of between 59,22c and 60,04c compared with a loss of 4,09c in the previous period. The share trades about R200 000 worth on average every day and so is viable for private investors. It is, however, a marginal precious metals company which is subject to the vagaries of PGM prices - which makes it risky. The share has fallen from a high of 197c in October 2021 to levels around 76c on the recent results. We think that there are better options in the PGM market.

$WEZ - Wesizwe Platinum: Bullish On Long-Term Cycle Commodity stocks, like the underlying commodity they generate revenues from are well known to be cycle. Looking at Wesizwe, it is no different. Since listing in 2006, the share has declined from an all time high of R16,50 to an all time low of 31 zac over twelve years. The EWP puts this bear market into perspective. The entire bear is a zig zag pattern labelled (A) to (C). (A) is an impulse and (C) alternated into an ending diagonal. The share did catch a bid during the post-covid commodity boom to peak at R2,90 and the share is currently in a pullback. Support is found around the 60 zac zone but reversals can happen above that zone. This is a long-term cyclical play so as long as price remains above 31 zac, i will look for buying opportunities.

JSE 30-Day challenge: Day #5 WEZ 5th Day. Today we bought some risky platinum. I have the idea to start some high-risk/high return game. The main object to post one idea per each day for 30 days in a row. Goals: 1. Buy stocks every day. 2. Keep balance at least of ZAR150.000 on 20 June 2. At least 30% of picked up stocks need to hit 25% profit gain. Rules: Only JSE stock exchange. The initial budget is ZAR300.000 Limit per one trade from ZAR5.000 to ZAR10.000 Spend no more than 1 hour per day to buy any stock and publish the idea. Last day to buy stocks - 20 May Last day to sell stocks - 20 June Log: 1st day is JSE:MCG ~9100 p/s 2nd day is JSE:NHM ~8325 p/s 3rd day is JSE:PBG ~191 p/s 4th day is JSE:QFH ~362 p/s 5th day is JSE:WEZ ~47 p/s

Wesizwe Platinum

WSZWF trade ideas