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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Platmin | LSE:PPN | London | Ordinary Share | CA72765Y1097 | COM SHS NPV (CDI) |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
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|---|---|---|---|---|---|
| 0.00 | 0.00% | 17.25 | 0.00 | 01:00:00 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| - |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| - | O | 0 | 17.25 | GBX |
Platmin (PPN) Share Charts1 Year Platmin Chart |
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1 Month Platmin Chart |
Intraday Platmin Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 27/4/2021 | 14:31 | PLATMIN LIMITED | 67 |
| 14/1/2010 | 13:53 | Exciting platinum prospect | 155 |
| 25/6/2008 | 14:46 | Platmin Limited TSE:PPN AIM:PPN | 15 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
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| Top Posts |
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Posted at 03/10/2011 14:01 by topinfo DJ Platmin Limited Cancellation of AIM Listing TIDMPPN RNS Number : 4275P Platmin Limited 03 October 2011 CANCELLATION OF aim LISTING ON November 1, 2011 October 3, 2011, TORONTO: Platmin Limited ("Platmin" or "the Company"; TSX/AIM: PPN; JSE: PLN) announces the cancellation of the trading of its common shares on the Alternative Investment Market ("AIM") of the London Stock Exchange, to take effect from 7:00 a.m. (GMT) on Tuesday, November 1,2011 (the "Cancellation Date"). Platmin's board of directors has decided that it is not justified for a company of Platmin's size and with such relatively low trading volumes to maintain three stock exchange listings. Following the cancellation of the AIM listing, Platmin will be listed on the Toronto Stock Exchange ("TSX") and the Johannesburg Stock Exchange ("JSE"); as a result, shareholder consent for the cancellation of the AIM listing is not required under the AIM Rules for Companies. Prior to November 1, 2011, shareholders may continue to trade their securities on AIM. On or after November 1, 2011, shareholders may continue to hold their securities electronically in CREST. If shareholders wish to trade their securities after November 1, 2011, their CREST nominee would need to do so on the TSX/Canada and/or JSE/South Africa. The securities may be moved from CREST to Canada by the UK nominee instructing CREST to deliver the securities to a CDS nominee (Canadian Depositary for Securities). Once shares are in CDS, they may be moved to South Africa, for trading on the JSE via a Register Removal Request instructing Computershare Canada to remove the shares from the Canadian share register onto the South African share register for re-issuance into STRATE (South African CSD). About Platmin Platmin explores for and develops and operates platinum group metals (PGM) deposits in South Africa. The company's principal current focus is the Pilanesberg Platinum Mine, which is building up to full production. In addition, it holds platinum interests on the eastern limb of the Bushveld Complex. Platinum's long term goal is to become a significant producer of PGMs. For further information: Charmane Russell Russell & Associates +27 11 880 3924 |
Posted at 07/10/2010 00:28 by bulldog30 TigerJust look at the price of platinum and palladium over the past couple of months.I look forward to mid November for an update on progress at the mine. That would be the September Qtr. |
Posted at 16/9/2010 05:19 by bulldog30 NuttAll in the public domain but basically Scarborough Minerals (AIM Robert de Crespigny) and Mineral Securities (KL) merged to form company with large number of projects worldwide. MineralSecs had debt with Macquarie Bank. Next move was Copperco (KL and also debt with Macquarie Bank) acquired Minsecs. Combined debt then rather large and Macquarie bankers got nervous and would not extend loan to Copperco group hence administration and liquidation looming until Cape Lambert bought the Macquarie debt and became the "liquidator" and seems to done incredibly well in the process !! Whilst all this was going on KL was fiddling around with Platmin and no more needs to be said on that subject except that the shares traded over C$10 per share in July 2008 ? before he handed control over to Pallinghurst (Brian Gilbertson) at an 88% discount a few months later. Strange but true. |
Posted at 13/8/2010 10:54 by bulldog30 June quarter actually released yesterday pm. The company has outlined reasons why pgm production was below expectations mainly due to items outside its control such as adverse weather conditions in April and problems at the refinery. Hope that they get back on track in the September quarter.Made positive noises re FY2011 which looks very positive if the price of platinum stays above $1500 per ounce. |
Posted at 08/4/2010 10:57 by orgasmicbeef I'm still here - sadly! Plat up to 1700 US$ plus other PGM's sky rocketing in price and on course for 250,000 ozs in 6-9 months, what is holding down the share price? Why do they need to raise further finance? Diluting everyone including Pallinghurst. Should achieve high positive cash flow very soon, cannot understand this stock anymore. Should be getting to 3$ Can. but stuck in a rut. Perplexed I am. IMO etc |
Posted at 22/1/2010 08:07 by bulldog30 Broker note put out by GMP Securities on 2nd November gives a target share price of C$2 for 12 months. Interesting but it gets much better when one considers that commodity prices utilised for Financial Year 2010 were platinum $1195 , Palladium $230 , Rhodium $1507 and gold $991.Using current prices , I estimate that gross margins have increased by about 80% so is a new target price of say C$3.50 out of the question ? On a take out is C$4.00 to C$5.00 reasonable given low cost profile and corporate activity envisaged on the Sedibelo ground down dip from Tuschenkomst ? Woof woof |
Posted at 14/1/2010 17:50 by the metal man I agree about the throughput as we expected 30-40k oz this quarter, to put us on target for the 160k oz pa. They say that will not now be achieved until year end 2010, with 250k oz pa at the end of year 2011. Where that leaves the peak 290k oz pa, who knows. They have given some reasons for the delay, such as the recent strike and lower than expected grades.As regards raising more finance it is a two part explanation. Firstly, because of the above the cash flow will not be as high as expected but also the costs of running the operation were higher. They will also have to alter the running of the mine to access the higher grades. The intriguing part is the second, and the statement makes reference to both. "The delay of approximately one year in achieving full capacity and anticipated corporate activities in a consolidating industry will require additional funds". That to me intimates at an acquisition. It could also be reference to the statement which says they will be creating a new division exclusively for exploration and development initiatives. Both of the statements require more clarity IMO, in particular the second one. If the fund raising eludes to a 'new division' or not, is said division to work for the benefit of PPN? It's first task as an 'exclusively exploration and development division' would be to carry out a BFS on a prospective 20m oz Pallinghurst owned project. Is this Pallinghurst using PPN as a vehicle to raise cash to carry out the BFS or, will it be an earn in arrangement on pretty much the same basis? Either way there should be more on Mphahlele as PPN's next priority in terms of 'development' and use of funds because that is where the near term production is. PPN is 51% owned by Pallinghurst hence such a proposal requires absolute clarity and so far, they have not proved to be proactive as far as investors are concerned. They are answerable to minority shareholders afterall. |
Posted at 12/1/2010 18:11 by the metal man The latest quarterlies on production output should easily equate to 35 - 40k oz throughput on an attributable basis, disappointing if not as we should soon be up to 62.5oz attributable (when BEE assets become part of PPN via equity). I'm guessing the gross margin will be around the $400 oz mark. Working on January's pgm prices alone, the current margin should be around $500 - $550 oz using historic prices as a median for the current basket price. Great if the current pgm prices can be maintained or, improved upon. Either way, although not by any means the lowest cost producer, PPN probably is when compared to peers with a 200k oz pa + production profile. |
Posted at 05/1/2010 15:48 by bulldog30 Metal ManYour point re holding percentage is valid unless the 11 million shares were added to or deducted from a holder in excess of 5% and in that case a move through a percentage point has to be declared. I have noticed some strange trading patterns in these shares , almost as if somebody desperately wants to keep a lid on the share price. With current PGM prices and company stated costs (allowing for strong Rand) I believe that this share shouuld be trading NORTH of C$2.Concerted lack of positive newsflow mitigates against this. Any share deal below this figure should be treated with utmost caution in my opinion. |
Posted at 04/1/2010 19:54 by the metal man bulldog 30Unfortunately any purchase that keeps the individual holding below 5% does not have to be declared. That said, I can understand your thoughts on the lack of news flow. However, we do know that the PPN interest in Pilanesberg will soon be 100% when the BEE partner Moepi swap their 26% for PPN shares. We also know that production is being ramped up to 250k oz pa. Also, the year end has changed to end of December as of 31/12/2009. Perhaps there will be nothing more to report until the next quarterlies but, I would agree that we should have some update on progress. Given the current Pt price, projected figures and the movement in price of some of it's peers, PPN is looking very cheap if we are to assume that everything is on track. |
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