Plastics Capital Share Discussion Threads

[yikyak] 05/1/2007 13:37

I agree Ash. As far as Palladium is concerned it's very much controlled by Russia. If the market got the jitters over Russia then by default not only would we likely get a snap increase in Palladium on future supply concerns but investors would significantly 'over' value production in a politically safe environment, far more than they do at present. You only have to look at Russia's leverage used with it's gas supplies, if they can - they will. I know Lewins always plays down Panton and the Panton process but i'm convinced it's going to play a far bigger role in the future, I think deep down he knows this but he's happy for the attention to be on the other projects for now.

It's only a matter of time before Russia starts flexing it's muscle imho:

U.S. sanctions against Russian companies unfair - MP-1
05-01-2007 15:31 (Adds paragraphs 5-8)

[astonv8] 05/1/2007 00:38

Ashley


thanks for aussie broker feedback, i'm happy to sit on EPG for a another few years and watch the progress..but i want to be in a position to trade them quickly if the opportunity arises. they are talking about a uk listing being possible in the future.

sorry about the off topic platinum australia diversion. I'm happily sitting on a 72% profit on my PLA holding and fully expexct to see similar advances over the next year.

cheers

brendy

[mr ashley james] 04/1/2007 20:31

Brendy,

Basically that depends whether you are a night owl or not, the nearest to our time zone is Perth WA Currently 9 hours ahead (normally 8 hours), and Sydney NSW 12 hours ahead (normally 11 hours)where ASX is located.

Most special NR Brokers of repute seem to be located in Melbourne, here I think it is 11 hours ahead currently (normally 10 hours).

If you want a local Broker in Australia you need to be up late to trade ASX Open.

TD Waterhouse in London are I think open until 9.30pm to take telephone orders on ASX, which is latest service I know here.

I will try and email you some local brokers if you want.

Well done on OFEX:HEP BTW I think European Gas Limited ASX:EPG Know what they are doing you could do well on it, if the low in Natural Gas is in at last.

All IMHO, NAG,DYOR etc

Cheers

Ash:)

[mr ashley james] 04/1/2007 20:19

Yikyak,

Re Panton Platinum/Palladium Project, Western Australia

Palladium March 2007 broke previous 2 year high of US$342 today at US$346.50, I now see Panton getting valued into the equation, and with Measured, Indicated and Inferred Resources Top Reef Alone of 1,980,806 toz PGE at 6.20g/t Pd, Pt, plus Au, or 2,390,728 toz PGE at 5.20 g/t Pd, Pt, plus Au combined Top and Middle Reefs, I am going to be adding in some pretty sizeable in the ground valuations per share, at a Zero Political Risk Discount due to Australian Mining Location.

NYMEX:PA07HNYMEX: PA07H
You are here: Quote | PA07HNews | PA07HMsg Brd | PA07HChart | PA07HLiveChart
Delayed quote


4 Jan 2007, 02:58pm ET

Last price:339.60
0.10 or (0.02%)
PA07H detailed pricing and financial information. Metric Value
Day's Low & High: 336.00 - 346.50
Open: 340.00
Previous Close: 339.50
Volume: 954
Avg. Volume: 83
52-week range: 301.00 to 365.05

Platinum Australia Limited is massively geared to a high Palladium Price, both for Panton and KALPLATS I have long being predicting US$373.50 then US$447.50 per toz Pd price and I think 2007 will see these numbers.

Needless to say the NPV of the Sally Malay Limited ASX:SMY and Platinum Australia Limited ASX:PLA JV now needs to be added in to ASX:PLA NAV, and the Discounted NPV on Future Cash Flows will need to be massively increased on KALPLATS as Palladium dramatically increases the US$ Per Mt of Ore Mined and IRR/NPV Calculations.

My chart reads earlier of a next target AU$1.865 short term, indeed on realisation of this I think next move to AU$1.725 will be pretty automatic.

Don't be surprised when I come to a hefty number on Panton on an in the ground valuation, remember both the Copper and Nickel Credits will be significant at current commodity prices, and Investors will want non high political risk PGM Upside.

Anyway I am severely bullish on Palladium, and think ASX:PLA is one of the best plays if one is bullish to hold.

All IMHO, NAG, DYOR etc

Cheers

Ash:)

[astonv8] 04/1/2007 15:10

Ashley


who do you use to trade ASX shares ??

Do you still hold Heritage Petroleum (5p in that plaicing in 2001), just in the process of being bought out by European gas ltd at 16.5p who are also listed on the ASX.

cheers

astonv8

[mr ashley james] 03/1/2007 15:10

Sources of palladium production are quite limited. More than 80% of world palladium production is concentrated in just two countries: the Russian Federation and South Africa. The Russian Federation alone accounts for nearly half of total palladium supply.

Outside of Russia, the other significant producing area is the Bushveld Complex in South Africa, where Platinum Group Metals are mined as primary products. Palladium is also mined in smaller deposits in United States and Canada. Mining companies in South Africa and North America are developing expansion plans which will lead to future increases in palladium production.

Tour the mining process
Tour the refining process
Compare palladium to other metals



When Spanish explorers first encountered palladium in the course of their feverish pursuit of gold in the New World in the late 16th century, they completely disregarded its value. Over the centuries, however, palladium's intrinsic value and its many important uses, has become readily apparent. Today, palladium is used in dozens of fields from engineering and electronics to medicine and dentistry.

By far, the largest worldwide demand for palladium today comes from the auto industry. More ductile and less expensive than platinum, palladium is used by car manufacturers worldwide as a vital component in catalytic converters. In addition to its myriad industrial applications, palladium has also proved to be a popular metal in the making of jewelry. In 2004, demand for palladium for use in jewelry products soared to 920,000 ounces, increasing nearly four times over the previous year. As time goes on, more and more uses for palladium are being realized, affirming the notion that palladium is indeed the metal of the 21st century.

[acumen] 02/1/2007 13:08

Ash

If you're into Aussie miners take a look at Pioneer Nickel ASX:PIO.

Excellent drilling results last year.New drilling results are imminent
and I don't think they'll disappoint.

DYOR etc

[mr ashley james] 02/1/2007 09:01

Yikyak,

I reckon now AU$1.60 hit we are probably looking at Wave III Extension to AUS$1.86 then AU$2.285 then AU$2.86

Platinum appears to have broken out of Pennant in Futures to US$1148 per toz area.

Noticed Uranex NL ASX:UNX doing well recently in addition.

Looks like we going to see a strong ASX performance on selective miners into May 2007.

I presume we have still got quite a lot of KALPLATS drilling results to come in.

All IMHO, NAG, DYOR etc

Cheers

Ash:)

[yikyak] 13/12/2006 13:38

Appreciate you assessment Ash. As we are aware Lewins is more than happy to play down a situation and under estimate so confidence by Lewins in PLA's ability to increase to 3m m&i at this stage actually means something. Still very early days.

It strikes me that much of the shareprice gains have been off the back of PLA's significant progress rather than the sector as a whole so far. What I look forward to is, in particular, for spot palladium to pop and have it's moment in the spotlight. It's my belief when this happens and bearing in mind so few actual PGM and in particular palladium equities are available to investors it could have a dramatic effect on Platinum Australia in both profile and subsequently stockprice due to limited supply of worthy investments.

Although I think we all accept that Kalplats has the potential to be a monster, Panton in it's uniqueness may bring new investors climbing over each other on any frenzy in the palladium market. That said Lewins plays down Panton and always has done as he has done with the little dark horse called the Panton process. In the last presentation it was interesting to hear that this method was being tested by particular majors. I never really got down to what this could mean in respect of revenue models, I seem to remember Lewins dismissing the royalty route I believe, was that correct? Perhaps you could clarify this when you next speak to him.

Exciting times ahead. :-)

edit; tt, I must be picking up the Devon accent! :-)

[mr ashley james] 13/12/2006 12:16

Yikyak,

At last those Drilling results out on KALPLATS last night colour cross sections make sense of Crater and Serpens North and South orebodies.



Pretty much as we expected, bar clearly no parrallel reef structures outside key Magnetite mineralised Reefs MR, LM, UM etc, some faulting, and obviously the scale of offsets along strike becoming clearer.

It strikes me Serpens North looks simpler unaltered Reefs although some bulging and squeezing of widths and a geological fault, at least no intrusive ultramphic alteration as you see at crater ie present at Serpens North.

I thought the grades at Serpens North in MR and LM Reefs were actually higher than I had expected, to me it looks like we may have 10 to 12 metres of mineable material in the 2.28 g/t to 4.14 g/t range at Serpens North of which circa 83.33% is going to be in the 3.72 g/t to 4.14 g/t range, noting width of one intersection is clearly effected by faulting at Serpens North.

If we assumed say 10 metres averaging say 3.94 g/t PGE that would prove very attractive I would have thought, with what looks like 40 metre over burden at Serpens North increasing to the North at Crater to maybe 80 metres.

I think we now have 46,000 metres of drilling from Harmony, another 46,000 metres to be drilled in total by PLA/ARM so overall a vast 92,000 metres of data targetted.

Pre feasibility 22,000 metres to be drilled so I guess 16,000 metres to go in 2007.

I think 6,000 metres completed so far so around 40 ish holes, here we have just first 5 results released.

This is obviously big drilling programme, we still presumably have 40,000 metres drilling to go over the 12 km EL 7 km strike.

Obviously these Magnetite Reefs extend at depth so I assume PLA will put some deeper holes in I think deepest was 325 metres so far, I assume vertical depth to 200 metres assuming circa 60% of drilling lengths.

I looked at that KP10 Hole at Crater UM Intersection to see the rock value 3.55m at 2.71g/t Pt, 2.25 g/t Pd and 0.30 g/t Au and come to US$96.63 Pt, US$23.58 Pd and US$6.06 Gold ie US$126.27 per Mt combined, which gave an average gramme value PGE US$24.00 per g troy ounce value of US$746.67 per troy ounce lower than Bushveld Basket PGE Grade due absence of Rhodium, but still I think highly profitable for an open pit operation with say estimated 9 to 1 strip ratio including overburden.

I also think the UM Reef at least is going to be mineable underground even if I consider and all in mining and processing cost of say US$60 per Metric tonne, I reckon potentially anything above 2.50 g/t PGE assuming US$24 per gramme may prove mineable by a decline beneath say 200 metre open pit operation, and I think intersections above 3.125 g/t PGE would give sufficient return on capital to warrant doing so at current PGE Commodity prices.

The good news from our point of view is that ASX:PLA seem pretty confident of more than doubling the high grade resource from 1,400,000 toz measured and indicated resource to 3,000,000 toz, even if I assumed US$750 per toz that could be US$2,250,000,000 in the ground x PLA 49% interest, ie roughly US$1,102,500,000 attributable.

All IMHO, NAG, DYOR etc

Cheers

Ash:)

[mr ashley james] 12/12/2006 11:34

Yikyak,

Could this be the Precious Metals especially PGMs turning up into Indian and Chinese Wedding Season, plus peak EU/North American Auto Manufacturing months in New Year into first Quarter?



I see Rhodium price absolutely soaring, as this is a key Jewellry Platinum, Gold, Diamonds etc coating to maximise gleam, and essential in Catalytic Converter PGM Salts I wonder if the demand pressures making Rh lead the sector illustrating depth and scope of PGM demand for this critical First Quarter 2007 period?

Now well through US$5,000 a troy ounce?

As China is key Palladium Jewellry market, I really think the gap between Pd and Pt needs to close, it simply makes no sense for Palladium to be valued at 29.43% of Platinum price IMHO!

All IMHO, NAG, DYOR etc

Cheers

Ash:)

[mr ashley james] 12/12/2006 03:31

Yikyak,

ASX:PLA verging on chart break out in Australia now.

It sounds like the big one KALPLATS first drilling news out soon, huge programme possibly 46,000 metres of drilling to complete on top of Harmony Gold Limited JSE:HMY 46,000 metres, exciting stuff!

Hoping first shows are good cross your fingers!

All IMHO, NAG, DYOR etc

Cheers

Ash:)

[yikyak] 11/12/2006 16:09

Agreed. :-)

[mr ashley james] 11/12/2006 02:42

Yikyak,

Looks like we are going up on next surge.

All IMHO, NAG, DYOR etc

Cheers

Ash:)

[mr ashley james] 08/12/2006 05:08

Yikyak above US$5,000 Rhodium add a few cents or many cents on Smokey Hills will you?

[mr ashley james] 30/11/2006 13:15

Result of AGM

RNS Number:9710M
Platinum Australia Limited
30 November 2006



ASX Release

30 November 2006


RESULTS OF THE ANNUAL GENERAL MEETING


We wish to advise that the proxy voting at the Annual General Meeting was as
follows;


For Against Abstain

Resolution 1

Remuneration Report 69,097,184 13,241 234,001


Resolution 2

Re-election of Mr Eric Edward Hughes 69,344,426 0 0


Resolution 3

Ratification of Share Issues 43,163,849 34,500 26,146,077


Resolution 4


Grant of Options to Managing Director 67,093,950 365,575 1,884,901
Mr John Lewins


All resolutions were passed on a show of hands.

Yours faithfully

PLATINUM AUSTRALIA LIMITED


GILLIAN SWABY

Company Secretary


Ref:ASX0706JD


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

RAGURVBRNRRAORA

[jimtad] 30/11/2006 02:52

Good Morning Mr. Ashley James,
Will you be attending VOG agm on Dec 29th, and if so, what questions will you be asking?

[mr ashley james] 30/11/2006 02:47

Maxi,

I have never kept anything off the ADVFN BB on Platinum Australia Limited I am doing my numbers but seriously expect ASX:PLA to be trading at 10 to 12 times this stock price by 2009 at least.

AS far as I am concerned ASX:PLA is next ASX:AQP if you sell it you tend to regret it, any mass sheep panic has been a great add so far!

No interest in BBs anyway I use them to log my research to discuss same with those I know!

As far as I am concerned KALPLATS could be truely enormous!

All IMHO, NAG,DYOR etc

Cheers

Ash:)

[maximoney1] 29/11/2006 20:44

Stay with it ash..... you will get there.

Would love to see your elliot analysis for palladium... you know my email if you wish to keep it off board.

maxi

:-)