Tharisa (THA) stands out in the mining sector, focusing on the extraction and beneficiation of platinum group metals (PGMs) and chrome. The company's primary operations are anchored in the Tharisa mine, strategically located on the Bushveld Igneous Complex's south-west limb. This open pit mine boasts an impressive life expectancy of 17 years, highlighting the...
Tharisa PGM Miner is looking to play catch-up
to other PGM's Miners looking for new lows.
No prediction yet, as they are all getting severely hammered down.
Any thoughts or ideas are welcome.
Regards Graham.
Tharisa (THA) is a mining company that mines and beneficiates platinum group metals (PGMs) and chrome. The company is listed in London and on the JSE. The Tharisa mine on the south-west limb of the Bushveld Igneous Complex (BIC) is an open pit operation with an estimated life of 17 years. The company owns a subsidiary, Arxo Metals, which beneficiates chrome to...
Tharisa (THA) is a mining company that mines and beneficiates platinum group metals (PGMs) and chrome. The company is listed in London and on the JSE. The Tharisa mine on the south-west limb of the Bushveld Igneous Complex (BIC) is an open pit operation with an estimated life of 17 years. The company owns a subsidiary, Arxo Metals, which beneficiates chrome to...
Tharisa (THA) is a mining company that mines and beneficiates platinum group metals (PGMs) and chrome. The company is listed in London and on the JSE. The Tharisa mine on the south-west limb of the Bushveld Igneous Complex (BIC) is an open pit operation with an estimated life of 17 years. The company owns a subsidiary, Arxo Metals, which beneficiates chrome to...
Tharisa (THA) is a mining company that mines and beneficiates platinum group metals (PGMs) and chrome. The company is listed in London and on the JSE. The Tharisa mine on the south-west limb of the Bushveld Igneous Complex (BIC) is an open pit operation with an estimated life of 17 years. The company owns a subsidiary, Arxo Metals, which beneficiates chrome to...
Tharisa PLC has not escaped the share price beatdown that commodity instruments experienced from early 2022, however it is looking tasty for short term trades that could turn into long term profitable holds.
Looking at the stock's line graph (candlestick graph is far too noisy due to volatility), we can see price caught in a mini falling wedge after finding...
A price action above 1800 supports a bullish trend direction.
Further bullish confirmation for a break above 1900.
The target price is set at 2000 (just above its 50% Fibonacci retracement level).
The stop-loss is set at 1700.
MACD bullish crossover might support the trade idea (see the lower panel).
Trade idea is regarded as high risk.
