Sign in

    Lorenzo Parisi

    Research Analyst at JPMorgan Chase & Co.

    Lorenzo Parisi is an Analyst at JPMorgan Securities Plc, a division of JPMorgan Chase & Co., where he focuses on providing research and analytical insights within the investment banking sector. He is responsible for securities analysis, though specific companies covered and quantified performance metrics are currently unavailable in public sources. Parisi began his tenure at JPMorgan Securities Plc after gaining relevant experience and holds his analyst registration under JP Morgan Capital Holdings Ltd., in line with industry regulatory requirements. Details about his professional credentials such as FINRA registration and notable recognitions are not disclosed on public profiles.

    Lorenzo Parisi's questions to Sibanye Stillwater (SBSW) leadership

    Lorenzo Parisi's questions to Sibanye Stillwater (SBSW) leadership • H1 2025

    Question

    Lorenzo Parisi of JPMorgan Chase & Co. questioned the confidence in receiving the $285 million Section 45X cash inflow, the potential for future credits, expected CapEx for the next year, and the outlook for free cash flow generation excluding the credits. He also asked about plans to call the convertible bond.

    Answer

    Charles Carter, Chief Regional Officer of Americas, affirmed they are following legal processes for the 45X credits and expect the cash return next year, though he remains cautious. He noted that a 2E PGM price of $1,200-$1,300 would support a return to positive cash flow. Charl Keyter, CFO & Executive Director, clarified that the convertible bond's call period does not begin until late 2026, so it cannot be called soon.

    Ask Fintool Equity Research AI