Platinum Australia Ld Share Discussion Threads

[theoriginalyoda] 11/2/2013 14:08

Any of you guys know the size of PLA's debts atm and a base NPV for the company?

[apavlovic] 31/1/2013 12:36

same here and not sure how astute Lewin is? Long term it could be really good althought I have not been following the sector of late.

I suppose he does have the option to sell the asset in return for capital...

[pecker1] 31/1/2013 12:06

In an ideal world it would be one for one cos of Rooderand potential on top of Smokey hills. However, JLP in driving seat so I'd be happy with 2 JLP for every 3 PLA.

[apavlovic] 31/1/2013 12:01

anything is better then nothing. As they say beggers can't be choosee I have an account with iii and cannot deal with Aus shares. therefore an exchange for PLAA shares would take out th eneed for some extra admin in setting up an account with another broker.

hopefully this can complete by Apr/May and am sure if it goes ahead JLP shares will be trading much higher then present 12p

[piedro] 30/1/2013 20:35

Hoping for ...

3 JLP : 5 PLA

...

[apavlovic] 27/12/2012 22:45

so we will get Jublee shares in exchange. Better then nothing, but wonder what the exchange rate will be? baggers cannot be choosers thou!

[pecker1] 14/12/2012 19:13

see below!

[sg31] 12/7/2012 09:12

Wipe out I expect. Diluted to nothing. Bet the board still keep their jobs tho'

[apavlovic] 11/7/2012 20:41

Hi Guys,

What is your view on the latest developments. Wonder what will happen to my little holding?

[piedro] 16/1/2012 07:30

Desperate PLA lets go of Smokey Hills contractor

[red ninja] 29/8/2011 18:34

Thats right.

The question is at what price.

I bailed at 29.5c so for me it's academic interest only....

[apavlovic] 29/8/2011 16:08

anther capital raising?

[piedro] 03/8/2011 12:59

South Africa's Mining Unions Reject Platinum Miner's Offer

[red ninja] 29/7/2011 16:29

Mmm PLA seem to be hit by one problem after another. The quarterly was also a disappointment.

Maybe the COO can raise output at Smokey Hills, maybe the other projects will move forward and the PLA share price will rally again.

I've sold out to seek other opportunities ....

[pecker1] 28/7/2011 09:58

Just when you think surely it can't get any worse after PLAA has managed to back five year's bad luck into one, the jinx strikes again. This time it's a SA Gov dept ordering the contractor to stop work. Fortunately matter resolved and back to work after a few days.

Tempting fate, wonder if this is the start of a long-awaited recovery. Lewins has
at last brought in a COO to help manage the mining operations. The longest straw I'm clutching is that one day the Panton project in Australia will be judged commercially viable - platinum and palladium have to stay over $1,800 and $800 respectively before this is likely to happen.

[piedro] 21/6/2011 10:47

A very positive update
All according to plan

[apavlovic] 15/6/2011 19:58

Agree Red. Ok we had the assaults and unfortunatelly one person was killed which is very, very bad news and others hospitalised. However, since that incident price coninues going down in a spiral.

[red ninja] 15/6/2011 16:27

Its not just that, PLA has to deliver profitability of around 20 million a quarter for next 2 quarters From Smokey Hills according to :



I believe that is what is concentrating investors minds..

[piedro] 15/6/2011 09:46

Tough times for PGM miners, despite outlook
Brendan Ryan | Mon, 13 Jun 2011 17:53
[miningmx.com] -- PLATINUM is the sector of South Africa's mining industry generally held to have the best-looking future. But you wouldn't know that judging by recent developments.
There's been a string of bad news from Impala Platinum, Aquarius Platinum and Platinum Australia triggered by labour and cost issues. Thousands of jobs are at risk; while one mine is being shut down and the expansion of another delayed.
The strong rand is hitting profit margins, while there's been considerable labour unrest linked to wage negotiations, disputes about retrenchments and strife within the National Union of Mineworkers that caused thousands of workers at Lonmin's Karee mine to be retrenched.
Production has also been affected across the board by production halts enforced by the department of mineral resources (DMR) as part of a deliberate crack-down on safety.
By far the worst incident took place at PLA's Smokey Hills mine, where a mob of former employees attacked a minibus transporting workers near the mine and set it on fire. The mob killed contractor Kobus Jansen van Rensburg and assaulted the other workers so badly that five had to be hospitalised.
The trouble dates back to October 2010, when current contractor JIC Mining took over from previous contractor Redpath and dismissed around 85% of the workforce, who had gone on strike. .... ....

[apavlovic] 15/6/2011 07:56

What is ging on here? There seems to be no end in present pattern.

[astonv8] 08/6/2011 01:57

the risk reward ratio has changed
have a look at the RSI.....

[red ninja] 27/5/2011 20:33

Disgruntled former Smokey Hills miners attacted a min-bus taking JIC contract miners to their digs in Lyndeburg. One JIC miner died another eight were injured. This could be the reason for the trading halt. Seems likely.

Very sad for all the victims...

[piedro] 27/5/2011 11:38

Platinum Australia has to deliver
Brendan Ryan | Thu, 26 May 2011 11:52
PLATINUM Australia (PLA) has produced a positive prefeasibility study (PFS) for its Rooderand project, but the company's immediate future will be determined by what happens at the operating Smokey Hills mine.
PLA is listed on the Australian Stock Exchange (ASX), where the share price has dropped more than 50% this year from around A$0.85 in January to a low of A$0.40 earlier this month before recovering marginally to current levels around A$0.42.
The collapse can be ascribed to the non-performance of Smokey Hills - which delivered another disappointing performance in the March quarter - combined with tough times for platinum producers generally, which has caused a drop in platinum share prices across the board. .... ... READ ON >>>