|Platinum Australia Ld
||EPS - Basic
||Market Cap (m)
Real-Time news about Platinum Aus (London Stock Exchange): 0 recent articles
|red ninja: 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 ....|
|piedro: 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 >>>
|red ninja: Chartsmart,
Pleased with the PLA share price recovery. What a roller coaster PLA is.
If the palladium/platinum price stay bullish SLV may well catch up ...|
|red ninja: Apavlovic,
Well I believe the DFS was only done on Indicated and Measured resource.
Thus the larger Inferred resources does not figure in the results and I believe that is a larger part of the current resource. I also bear in mind it only covers 7 of 8 targets. I believe also that this may be one of those projects which when it get going there will be possible extensions.
I would hope those facts will mean the project will be more profitable than stated in the DFS. Presumably should do.
A little bit late, but I sold out the new shares I have bought this year for a small profit.
That still leaves me with my core holding.
I believe the market really wants to see Smokey coming onto targets before we see more PLA share price recovery. It would be worth looking to see if African Minerals have brought out a release in SA about the DFS.
I may consider the case for paring down my holding again...given the share price is drifting downwards.|
|piedro: And why should there be a collapse in PLAs share price ?
It would seem that you have a v.WEAK HOLD on your investment
I'm sure the certificates will be ready ..... .... sometime !!!|
|red ninja: Yep, that's true, but I seem to recall a financial crash accompanied with a share price crash in that time.
One might think that might have caused one or two problems for small company financing and thus cause the odd delay or two in developments.
So all in all I'm happy with whats been achieved in these turbulent times.
Also bear in mind we have been issuing more shares at lower prices, pre-crash we had a fund raising AU$2.74 (i recall) and the lowest cash raising was at AU$0.56 recovering from the crash.
What a great trading experienece we've had in PLAA share price, if you've only sold moderately high and bought back during the recovery you will have done well.|
|chartsmart: Drewz I've been watching as PGMs have soared again thinking the same thing. Its not as if the outlook for PGMs is that bad either. The share price is disappointing looking back at the last few years and makes me think I probably should have traded them more instead of holding a long term core.
However I do believe that PGMS will continue to consolidate and that some of the smaller companies will regain a lot of lost share price this year which is why I have now gone long across the whole sector. The big producers that can throw out ounces while prices are high will do well but then they have also taken big losses to offset during the fall, have high costs and are more likely to see serious strikes imo.
Platinum Australia I feel has been disappointing on the time line especially Kalplats. With SH fully up together we would have been close to full production on an excellent basket price and the share price would probably be far ahead of where it is now. I'm sure Soros didnt foresee the lightning strike, pot hole and strike all coming hot on the heels of each other, c'est la vie. While another acquisition or talk of Panton rising from the ashes would be great it appears like the market wants to see cash coming in before we get rerated.
PLA, JLP, PPN, SLV which one will be first back to 100p? chart prices for comparison not accurate SP
free stock charts from www.advfn.com|
|red ninja: Route66,
With several months of global Platinum demand from EFTs being sold onto the market and global Platinum demand being cut by around 20% due to reduced car based cataltic convertor consumption.
I would have thought you could make a fairly safe assumption that Platinum is likely to go down. How long to $900/0z .. $850/Oz ... $800/Oz ...0
In which case it is likely PLAA share price has further to fall. If feasability on KALPLATS is based at $1000/Oz then it is entirly possible that the project will be put on hold next year. It may be difficult to find funding against a falling PGM basket price/share price.
Clearly many smaller mineral explorers/producers will not survive.
I hope PLAA with its hedged low cost production at Smokey Hills will be sufficiently strong to do so....
Some time in the future likely a few..many years hence the survivors will see prices strengthening and taking off again...
Or am I being too bearish ?|
|greendalef: Ridge's rns yesterday regarding smelter jv points the way for any substantial re-rating in plaa share price.
Smokey Hills is progressing nicely. A positive BFS for Kalplats will obviously be good for sentiment. But the real move will IMHO come from offtake agreements. The market is / will be aware that we can dig up all the ore we like but without a smelter to take the concentrate it is worthless. On this point it was good to see both Implats and ARM (who we both have relationships with) involved in jv talks.|
|pecker1: Major uncertainty now removed so should be full steam ahead. Cash flow from Smokey Hills should finance the development of the first open pits at Kalplats and concentrate processing plant.
Also expect Lewins to do an acquisition/merger as the PLAA share price rises - another AQP in the making?|
Platinum Australia Ld share price data is direct from the London Stock Exchange