Platinum Australia Ld Share Discussion Threads

[chartsmart] 09/4/2010 14:17

From absolute low to today, LMI has about doubled in the last 12 months. It is also the world's 3rd largest Pt producer with 22k staff.

according to advfn comparing the same 12 month period PLA has risen from a low of 33 to 61 today or +85%.

PPN I bought just over 6 months ago at 70 it is now 87. So I stand by the statement "SLV, JLP and PPN have not done much in the recent months."
In the last 6 months from lows to today

PLA 45 to 61 +36%
JLP 26 to 39 +50%
PPN 70 to 87 +24%
SLV 38 to 52 +37%

[doshdabbler] 09/4/2010 10:53

JLP has quadrupled in the past year while LMI, PPN, ELR have had excellent runs. Don't know where you're looking chartsmart

[chartsmart] 08/4/2010 05:56

Hmm a Chinese investor shows intent to take the 30m placing shares then can't get government approval in the time period allocated. JLs fault? I am not saying it went well and probably should have been expected considering I have seen the same thing happen with Chinese investors and other Oz companies. However, Bell Potter were responsible for the placing arrangement. Perhaps more should have been done to clear it up when in became obvious the placing was not going forward even though the Chinese company was still signalling its intent although I expect any other company would have done exactly the same.

Yes PR could be better, its possible to keep the market up to date without ramping, long pauses do lose investor interest. Little in the way of presentations or drilling updates recently.

Regarding JL, investors will have different views, but he has also brought us one of the lowest cost producers in SH and took out an insightful hedge before the markets plummeted. He also made the decision to go with self-generated power which I think will show its worth over the next couple of years.

Which are all these peers that are racing away? Is everyone only comparing to AQP? SLV, JLP and PPN have not done much in the recent months.

[tiger60] 07/4/2010 17:54

Surely you are giving him too much credit after he has presided over the share debacle with the Chinese - and yes it is his ultimate responsibility. It has underperformed amongst its peers and they need to rethink their Pr strategy.

'Platinum has climbed 17 percent this year and palladium has added 25 percent, outperforming gold's 3.4 percent gain, as industrial demand expanded...'

With Plat prices as they are surely even PLAA can manage more than tiny % gains. And Yes I know it was in the low 30s not so long ago but that was in extreme circumstances which was mirrored elsewhere in the industry and recovery has been a lot stronger.

[pecker1] 07/4/2010 17:31

Patience is indeed a virtue but I'm sure JL will not miss an opportunity to improve investor perception of PLAA's value (hence share price) by revisiting Panton if the PGM upward price trend suggests doing so.

[jonno1] 07/4/2010 17:25

PM's going nuts

[chartsmart] 07/4/2010 17:25

as JL stated they are targeting deficits from now to 2014 they obvious see high prices.
Rh perking up a bit as PGMs continue the ascent.

[compoundup] 07/4/2010 17:20

Assuming there is no pressure on PLAA to act on Panton or lose it, I can't see why they need to do anything until the numbers are beyond doubt. Patience will either lead to a cogent case to build or sell in due course.

[pecker1] 07/4/2010 12:13

A possible game-changer here is the Panton project in OZ. If palladium can stay over $500 and platinum in the $1,700 ballpark, PLAA may well decide to revisit the economics of the project. Having a 2.4m oz pgm project outside SA (given all the problems there including nationalisation rhetoric) could come in very handy.Palladium was around $600 before falling off a cliff when they did the last Panton feasibility study.

[murrayteller] 07/4/2010 12:04

Hotfire on Hotcopper says "26% of yesterday's volume were short sales". Interesting with Kalplats DFS coming up

[jonno1] 07/4/2010 08:52

has Soros bought more?

[arja] 07/4/2010 08:46

hit 108 in oz on bigger volume but then disappointingly retreated towards the close to finish at 104 - could not resist buying in closing auction ! so 63.25p equivalent here .

[red ninja] 06/4/2010 18:31

Not a dog, but a star for me.

[wizard7] 06/4/2010 18:23

If that does happen don't forget us poor people...!

Anyway - signs of life - could this another little spike in PLAA coming - and will many take it as a chance to offload a 'dog'?...

[chartsmart] 06/4/2010 08:32

cleared the cache but still the same 4m value. maybe I have been upgraded to the new "next day chart" service, if we get 4m traded in Oz tomorrow I'll be keeping quiet for a while:)

[chartsmart] 06/4/2010 08:15

its just that it was showing it a few hours in advance;-) if i bring up a chart of asx:pla. I now see 4m traded.



maybe a cache problem either way the chart is looking good

[justjules] 06/4/2010 08:10

chart... 2.276 million traded today... seems to be what advfn chart shows;-)

[chartsmart] 06/4/2010 06:43

free stock charts from www.advfn.com

edit: not sure why advfn is showing that increased volume, asx is not reporting it so may be a false value

[chartsmart] 05/4/2010 19:35

It would be good to see some volume coming back to the market in Oz that white candlestick on Thursday taking us up off a well defined support line. looking for a further rise this week

[chartsmart] 05/4/2010 19:19

Compoundup it does seem like the drilling campaign has come to a halt I think there is another 60km of strike length that can happily wait a while:) The PFS was based on 4 of the 8 defined deposits so far. The DFS if it ever arrives will add Mira, Sirius and Serpens North increasing the head grade to 3.3-3.5g/t or a 10% improvement on the PFS and attempting to bring operating costs down to $300/oz. The DFS stating the project would return 25% at Platinum $1250 Palladium $275. So we should see some good upwards revision.

I posted a while ago that Platmin thought the Rooderand property lent itself to underground mining before they failed to secure it from Angloplats over price although PLA see it as open pit and shallow underground deepest 180m below surface. At the time Platmin were looking at another small chunk of Rooderand property which also fell through owned by Nkwe Platinum, who back in June 2008 said they were looking to exit its smaller properties.
"Talks with Nkwe broke down over differing valuations of the deposit."

PGMs have soared again, Pd over $500 and Pt over $1700 in part to mining worries. I feel we must see some upwards share price movement if they continue to increase.


JL stated that at Pt$1300 50% of the Pt industry in SA was losing money. In his BR talk in Oct he stated Angloplats losing 10b rand over next 12months, Impala losing 2b rand. Eskom looking to increase prices 45% per year for 3 years. Union demands 20-50% above inflation and high interests rates and strong rand.

Chinese auto demand up to new highs. I thought that the government subsidising in China might have been inflating demand but every other vehicle seems to be a new SUV and there is an active push towards emission reduction. Diesel demand increasing in N america and China. He also stated that PLA are very much focusing on a pgm deficit between 2009 and 2016.

[compoundup] 05/4/2010 16:32

One does wonder whether they have stopped drilling altogether at Kalplats? There could be credible justifications for this, such as having enough data for the DFS. Exploration paid for in Rand is expensive currently, viewed against earnings in $. There could be the rationale that once having moved from being a pure explorer to being a junior producer, Lewins no longer feels it necessary to keep us informed in such detail as before when new drill results come in. There could also be a deliberate policy of trying to keep a low profile in a climate of consolidation. There could also be less interesting drill results than those which formed the story up to two years ago. I hope the latter is not the reason for the silence on the subject.

Either way, the prill split in Kalplats (about half is Pd) is not a bad situation at all. It used to be that the Pd would pay for the mining and the Pt would be the profit. Now look at it. The numbers at Kalplats are very strong indeed. Just a little sign of weakness of the Rand could be the "trigger" we need.

[chartsmart] 04/4/2010 13:22

Red Ninja, agree we need some sort of trigger but its hard to see where that impetus will come from.

Kalplats has failed to excite the market at any point mainly due to the drawn out drill campaign and constant target talk of 10Moz which hasn't yet been reached. The focus should really be on what they have proven up so far and the economics which again will make it one of the lowest cost producing projects while the reserves will only increase.

Smokey Hills has been set back, had it all gone to schedule was expecting another acquisition. PLA marketing seems to have gone quiet recently.

Rooderand will take time to prove up any value.

[red ninja] 01/4/2010 22:54

Chartsmart,

Agree, it seems to be going in the right direction,
but for big share price advancement I think we need a good news TRIGGER.

The share price seems to have been doing alright on the whole it bottomed
about around 17p and we've been back up to around 72p, but the
current 58p is quite an advancement from our reasonably recent low
so not so bad or am I just wearing rose tinnted spectacles as well.