Platmin Share Discussion Threads

[the metal man] 03/4/2009 17:11

Saffy

There was a late response to the news today, prompted by movement on the TSX. That spread is really offputting, I was quoted 49.10p to buy and 42.65p to sell earlier today. However, you could have bought for the rough equivalent of 45.5p on the TSX earlier, and sold for 44.50p. The spread on our exchange is criminal.
I can only put it down to the volatility of the price on the TSX caused by even small volumes.

[safman] 03/4/2009 09:25

RNS Number : 0910Q
Platmin Limited
03 April 2009

?
NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER UNITED STATES NEWSWIRE
SERVICES


PLATMIN RESUMES MINING OPERATIONS AT PILANESBERG PLATINUM MINE




April 03, 2009




TORONTO: Platmin Limited ("Platmin", TSX/AIM: PPN) advises that mining
operations have resumed at the Company's Pilanesberg Platinum Mines (Pty) Ltd
(PPM) following the safety-related suspension on March 25, 2009.


The mining operations were suspended to enable a detailed review of all
operating practices at the mine by the PPM management team in close cooperation
with the safety inspectorate of the Department of Minerals and Energy.


About Platmin


Platmin is an emerging mid-tier platinum group metal producer. Platmin's
flagship, Pilanesberg platinum mine has started producing concentrate and is
currently ramping up to full annualized production of 250,000 oz (3PGM+Au).
Platmin holds interests in a suite of development projects, notably Mphahlele,
Grootboom and Loskop, also located in the Bushveld Complex of South Africa. The
Bushveld Complex is estimated to contain approximately 90% of global platinum
mineral resources


The latest marketing presentation for Platmin, entitled "South Africa's next low
cost PGM Producer, Q4 FY09 Update, March 23, 2009" may be viewed on the website
at www.platmin.com




For further information


Ian Watson, Chief Executive Officer [phone]
Terry Holohan, Chief Operating Officer [phone]
Fiona Owen, Grant Thornton UK LLP (Nominated Adviser) [phone]
Marion Brower, Russell & Associates [phone]


FORWARD-LOOKING INFORMATION, FUTURE ORIENTED FINANCIAL INFORMATION AND FINANCIAL
OUTLOOKS
Certain statements contained in this market release constitute forward-looking
information, future oriented financial information, and financial outlooks
(collectively "forward-looking information") within the meaning of Canadian
securities laws. Forward-looking information may relate to the matters discussed
in this market release and other matters identified in Platmin's public filings,
Platmin's future outlook and anticipated events or results and, in some cases,
can be identified by terminology such as "may", "will", "should", "expect",
"plan", "anticipate", "believe", "intend", "estimate", "predict", "potential",
"continue" or other similar expressions concerning matters that are not
historical facts. Actual results may vary from such forward-looking information
for a variety of reasons, including those set forth below.
Forward-looking statements in this market release include statements regarding
future production and are based on a number of material factors and assumptions,
including Eskom supplying adequate power to the Northam smelter, that contracted
parties provide goods and/or services on the agreed timeframes, that equipment
necessary for construction and development and mining is available as scheduled
and does not incur unforeseen break downs, that no labor shortages or delays are
incurred, that plant and equipment function as specified, that no unusual
geological or technical problems occur, and that on-going contractual
negotiations will be completely successful and progressed and/or completed in a
timely manner.
There can be no assurance that Platmin's actual results will match the
forward-looking information as a result of a number of risks for Platmin's
projects with power requirements or otherwise normal hazards (geological,
technical, and production) associated with mining operations, adverse currency
fluctuations, and those risks publicly disclosed by Platmin in its filings
available at www.sedar.com. While Platmin considers these assumptions to be
reasonably based on information currently available to it, they may ultimately
prove to be incorrect.



This information is provided by RNS
The company news service from the London Stock Exchange
END

MSCIIFFTSFIVIIA

SAFFY..

[the metal man] 02/4/2009 12:14

laser

I believe this stock is extremely cheap. The problem from the Aim perspective is the spread and volatility. I am sure it puts potential investors off.

[safman] 26/3/2009 13:42

more buying @ 55p..

saffy..

[kcowe] 25/3/2009 20:55

someone is posative.. 50k buy interesting

[the metal man] 25/3/2009 09:37

With the production commencing and ramping up to 250,000 oz pa this is now actually looking cheap for the medium term.

[safman] 25/3/2009 08:08

good start..

saffy..

[safman] 23/3/2009 16:03

TIDMPPN

RNS Number : 2886P
Platmin Limited
23 March 2009

?



NOT FOR DISSEMINATION IN THE UNITED STATES OR OVER UNITED STATES NEWSWIRE
SERVICES


MILLS TURNING AT PILANESBERG PLATINUM MINE


March 23, 2009


TORONTO: Platmin Limited ("Platmin", TSX/AIM: PPN) Platmin announces that
following successful commissioning it has commenced treatment of ore in the UG2
section of the milling and flotation plant at Platmin's Pilanesberg Project.
Platmin is currently in the ramp-up phase to reach a steady state annualized
production rates of 250 000 ounces per annum of 3PGM+Au by the third quarter of
2009.


The commencement of processing follows only 16 months after the commencement of
construction in October 2007 of the metallurgical plant by DRA Engineering. The
mining contractor, MCC, commenced operations in the open pit in March 2008 which
at the time was three months ahead of schedule. The commissioning of the UG2
section of the plant now signals the start of concentrate production ready for
smelting, refining and sale by Northam Platinum.


Commenting on the achievement of this important milestone, Platmin CEO Ian
Watson said, "The first turning of the mill in the UG2 section of the plant
heralds Platmin's coming of age as a bona fide platinum group metal producer.
All credit must go to the construction and operational teams for bringing this
project into production on schedule and within budget."


"We presently have a stockpile of over 400 000 tons of run of mine ore ahead of
the metallurgical plant and we are continuing to ramp up to the equivalent of
250 000 ounces of annualized production per annum of 3PGM+Au, which we currently
plan will be achieved by September of this year. The UG2 plant has been
commissioned in a very short time and is already operating at approximately 90%
of design tonnage throughput. The engineers are focusing on optimizing the
operations at this throughput rate before increasing further. The remaining
sections of the metallurgical plant, which include the Merensky and Dense Media
Separation plants, are scheduled to be commissioned over the next three months,"
added Terry Holohan, Chief Operating Officer.


The commissioning of Platmin's Pilanesberg Project follows on a number of recent
significant events in Platmin's corporate development, including:


* the full repayment of the $15 million loan granted by Platmin to its Black
Economic Empowerment partner, the Moepi Group, on October 31, 2008
* the appointment of Minerals Operations Executive (Pty) Limited (Minopex) to
manage the operations and maintenance of the metallurgical plants at Platmin's
Pilanesberg Project, being the last major contract to be awarded on the project
* an equity financing arrangement successfully raising US$175 million (ZAR 1.7
billion), the proceeds of which will be used to finance the completion of
Platmin's Pilanesberg Project



Ian Watson concluded, "Since 2007, Platmin has raised a total of US$323 million
in equity financing, including a US$175 million investment from Pallinghurst
Investment Consortium and a US$35 million bridging loan facility with the
Standard Bank Group. Against the background of the global economic downturn,
these investments clearly indicate confidence in our project, and we now have
substantial cash reserves to fund the project up to full production. Due to the
open-cast nature of this mine and the stockpile of material that has been built
up we expect this operation to settle down very quickly and produce metal in the
lowest cash cost quartile of the platinum industry."


The latest marketing presentation for Platmin, entitled "South Africa's next
mid-tier PGM Producer, Q4 FY09 Update, March 23, 2009" can be viewed on the
website at www.platmin.com


About Platmin


Platmin is an explorer and emerging platinum group metal producer whose four key
projects host mineral resources and reserves: Pilanesberg, Mphahlele, Grootboom
and Loskop. All of Platmin's projects are located in the Bushveld Complex of
South Africa, which is estimated to contain approximately 90% of global platinum
mineral resources.


Definitions:


In this Market Release "3PGM+Au" means: Platinum ("Pt"), Palladium ("Pd"),
Rhodium ("Rh") and Gold ("Au").


Information contained in this Market Release is based on a National Instrument
43-101 (Standards of Disclosure for Mineral Projects) and Canadian Institute of
Mining, Metallurgy and Petroleum (commonly known as the "CIM" standards)
compliant Independent Technical Report dated August 7, 2007 which has been filed
on SEDAR and is available to be downloaded from www.sedar.com.


For further information


Ian Watson, Chief Executive Officer [phone]
Terry Holohan, Chief Operating Officer [phone]
Fiona Owen, Grant Thornton UK LLP (Nominated Adviser)[phone]
Marion Brower, Russell & Associates [phone]


FORWARD-LOOKING INFORMATION, FUTURE ORIENTED FINANCIAL INFORMATION AND FINANCIAL
OUTLOOKS
Certain statements contained in this market release constitute forward-looking
information, future oriented financial information, and financial outlooks
(collectively "forward-looking information") within the meaning of Canadian
securities laws. Forward-looking information may relate to the matters discussed
in this market release and other matters identified in Platmin's public filings,
Platmin's future outlook and anticipated events or results and, in some cases,
can be identified by terminology such as "may", "will", "should", "expect",
"plan", "anticipate", "believe", "intend", "estimate", "predict", "potential",
"continue" or other similar expressions concerning matters that are not
historical facts. Actual results may vary from such forward-looking information
for a variety of reasons, including those set forth below.
Forward-looking statements in this market release include statements regarding
future production and are based on a number of material factors and assumptions,
including Eskom supplying adequate power to the Northam smelter, that contracted
parties provide goods and/or services on the agreed timeframes, that equipment
necessary for construction and development and mining is available as scheduled
and does not incur unforeseen break downs, that no labor shortages or delays are
incurred, that plant and equipment function as specified, that no unusual
geological or technical problems occur, and that on-going contractual
negotiations will be completely successful and progressed and/or completed in a
timely manner.
There can be no assurance that Platmin's actual results will match the
forward-looking information as a result of a number of risks for Platmin's
projects with power requirements or otherwise normal hazards (geological,
technical, and production) associated with mining operations, adverse currency
fluctuations, and those risks publicly disclosed by Platmin in its filings
available at www.sedar.com. While Platmin considers these assumptions to be
reasonably based on information currently available to it, they may ultimately
prove to be incorrect.

This information is provided by RNS
The company news service from the London Stock Exchange
END

MSCDGGZFGFRGLZM

saffy..

[safman] 20/3/2009 10:40

is bouncing a little..

saffy..

[the metal man] 20/2/2009 12:26

Refinancing makes PPN look cheap now as it was done around 45p equivalent. As has been pointed out, mkt cap below cash raised. On top of that you have the projects. Only downside is Pallinghurst grip at 69.8% holding. Mkt cap was around £69m on Wednesday. Huge potential here and even if Pallinghurst wanted to buy out remaining s/holders, it would have to be soon. Minimum would have to be 45p which would be extremely cheap but, that is what might hold back the price. What we need is the commencement of production and that 250,000 oz target being reached.

[qs9] 20/2/2009 07:58

Be interesting to see whether today holds more in store?

[qs9] 19/2/2009 15:32

Thanks. Looks fascinating and as you say with the financing out of the way, the "going bust" pricing now looks to be behind it IMO. Unsure what the post financing capital structure should be but market obviously likes what it has seen.

[raylecouteur] 19/2/2009 15:14

I have also bought a few here ..... the price has come down so far. Before Christmas they were seriously running out of money. They have now been refinanced to the tune of $175million and when all the shares have been allocated have a market capitation of around £100 million at 30p(amazingly, less than the investment).

They have huge reserves (>14 million oz PGM? This really attracts me as it is value in the ground.)and are about to commence production with the aim of 250,000oz Pt per annum by the end of this year (for 16 years) at a price of $400 per oz Pt which means they should still be in profit if Pt price drops 40%.

No-one seems to have noticed the refinancing .... they seem to be priced as if they could go under.

Unlike Ridge they are unlikely to be taken out cheaply due to the high % owned by the new investors.

Downside ........ complicated share structure (I think the above is correct) and Jacob Zuma as new SA president.

[kcowe] 19/2/2009 15:11

massive share dilution... rns today but got a lota promice

[looneytune] 19/2/2009 15:10

No. It has a long way to go. Not sure if there will be a share dilution.

[qs9] 19/2/2009 14:57

Just getting going....fascinating....am I on my own here????

[qs9] 19/2/2009 13:16

Anyone following this in the run up to its mine being in operation? Any more recent views than Dec 08?

[clinton baptiste] 25/12/2008 00:01

That's all folks!

[andy] 16/12/2008 16:26

This should interest holders!

[nutt] 08/12/2008 17:14

Any thoughs on MXX holding?

[looneytune] 21/11/2008 15:51

yip, like most of them. this will take years to recover assuming it recovers at all.

[pillion] 21/10/2008 15:14

PPN taking a good kicking !!!

[cyberian] 06/8/2008 10:53

Believe Lonmin has 20% of PPn so wonder if Xstata will take the opportunity to clean-up especially as the financing here is in place and big blocks of holders perhaps happy to exit. The share price is very low and the last placement of shares raised a fair amount at about C$8.50 equivalent to about £4.20, about 8/9 months ago...they must be feeling a bit down? As utwiq posted the other day PPN are well ahead (3 months)in their program, and with low cost open mine production looks pretty good. Much of their business plan was based on a platinum price below $1,000, so even after recent presents fall good value? Mittal (Sp.) owns about 10% and Min Secs. have about 27%, the latest slug bought at about £4.40 last December. Guess we should hold current levels at minimum but could be in play at some time.