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Real-Time news about Platmin (London Stock Exchange): 0 recent articles
|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|
|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 ?
|bulldog30: I suspect that a large block held by Actis , Lonmin or Mineral Securities Liquidator/Cape Lambert has been disposed of and therefore an overhang has been cleared giving rise to a an uplift in the share price.
Of more interest would be the identity of the purchaser , especially so close to the publication of November Quarter results.|
|bulldog30: Metal Man
Your 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.|
|monhearme: With the ZAR350 million (C$48 million) bridge loan facility expiring 31 May it shouldn't be long before we find out placement price for this C$45 million to C$55 million (plus option of further C$15 million) fundraiser and so can work out the share dilution that goes with it, guess on direction of share price in short term etc.
What is the probability of the private placement being done at a discount to market price especially given the recent run up in the share price? That said the previous placement was done at a significant premium to market price.
edit: I'll get my coat......|
Platmin share price data is direct from the London Stock Exchange