Plastics Capital Share Discussion Threads

[compoundup] 29/6/2007 20:05

Placed at roughly 7% discount and not a flicker in the price on LSE. Come on Smokey mining rights...

I'm no geologist but thinking about that 15m 2.32 g/t intersection at Kalplats Scorpio, at deeper than the normal depth they have been drilling hitherto, the balance of probabilities suggests to me that they have managed to drill along the reef rather like the lowest hole on slide 15 of the Schroder presentation, where the reef bends, coincidentally in-line with the drilled hole, (Green "MR").

[mr ashley james] 29/6/2007 16:59

Platinum Australia Share Placement


RNS Number:2830Z
Platinum Australia Limited
29 June 2007

AIM Release

29 June 2007

SHARE PLACEMENT RAISES $12.5 MILLION

Platinum Australia Limited (ASX:PLA; AIM:PLAA) is pleased to announce that it
has successfully completed a share placement of 7.3 million fully paid ordinary
shares in Platinum at an issue price of $1.72 per share to raise $12.5 million.

The capital raising of $12.5 million was completed on 28th June through a
placement to institutional and sophisticated investors of Bell Potter Securities
Limited in Australia and attracted strong investor demand. The placement was
conducted under ASX Listing Rule 7.1 and as such no shareholder approval is
required. The ordinary shares to be issued will rank equally with Platinum
Australia's existing ordinary shares and increases the number of ordinary shares
on issue to 207,480,521.

The funds raised by Platinum will primarily be used for the following:

* Standby Security Deposit of approximately $4 million required as part of
the financing for the Smokey Hills PGM Project;
* Exploration on the Kalplats "Extended" Project which covers an area
approximately 20 kilometres to the north and 18 kilometres to the south of
the Kalahari Platinum Project ("Kalplats") area;
* Work on other platinum projects;
* Working Capital.

In commenting on the raising Platinum's Managing Director, Mr John Lewins
commented, "we are delighted with the positive response for the placement from
investors and we welcome them onto our share register. This capital raising
further strengthens Platinum Australia's balance sheet and places us in an
excellent position to advance our projects."


Yours faithfully

PLATINUM AUSTRALIA LIMITED


JOHN D LEWINS
Managing Director

Media Enquiries:

Sarah Allchurch
Allchurch Communications
P: [phone]
M: 0412 346 412
Media Enquiries:

Ron Marshman / John Greenhalgh
City of London Public Relations
P: [phone]



Further Comments:

Mr John Lewins
Managing Director
Platinum Australia Limited
P: [phone]
M: 0419 910 061




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

ROISEFSDUSWSEDM

[mr ashley james] 28/6/2007 02:47

Last Day of the 30/06/2006 to 30/06/2007 Australian Tax Year tomorrow effectively!

[compoundup] 22/6/2007 08:47

Ash - Agreed it is the overall picture that matters for me too. However I watch the chart patterns because I like to keep the average entry price below 50% of the share price Put another way, once I have doubled on a good long term story I will consider averaging-up as the price rises out of a trading range.

[mr ashley james] 21/6/2007 16:17

Platinum Australia Update - Issued Capital


RNS Number:8103Y
Platinum Australia Limited
21 June 2007

21 June 2007


PLATINUM AUSTRALIA LIMITED
("Platinum Australia" or the "Company")

ISSUED CAPITAL UPDATE


Platinum Australia Limited (ASX: PLA) (AIM: PLAA) wishes to provide an update to
the market of the number of ordinary shares in issue and admitted to trading on
AIM.


Issued Share Capital

Since its admission to AIM on 30 November 2005, Platinum Australia has issued a
total of 56,615,914 new ordinary shares as a result of share placements, the
exercise of options and as consideration for the acquisition of assets. The
issues of these new ordinary shares have previously been announced by the
Company (save for those marked with an asterisk below) and, where applicable,
admitted to trading on ASX. However, no corresponding application has
previously been made for these shares to be admitted to trading on AIM.


The Company's ordinary shares issued since the Company's admission to AIM in November 2005 may be summarised
as follows:


Date Reason for issue Ordinary shares
30 November 2005 Admission to AIM - issued share capital: opening balance 143,564,607

9 December 2005 Placement of ordinary shares at A$0.20 per share 11,700,000
24 May 2006 Placement of ordinary shares at $A0.95 per share 22,235,393
24 May 2006 Exercise of listed options at A$0.20 each 929,724
28 July 2006 Exercise of listed options at A$0.20 each* 932,325
26 September 2006 Exercise of listed options at A$0.20 each* 353,304
11 November 2006 Exercise of listed options at A$0.20 each* 477,370
1 December 2006 Exercise of listed options at A$0.20 each* 3,087,798
21 December 2006 Exercise of unlisted incentive options at $0.35 each* 200,000
22 December 2006 Exercise of unlisted incentive options at $0.35 each* 1,000,000
25 January 2007 Consideration shares for the acquisition of an 80% interest in 15,000,000
the Smokey Hills PGM Project1
22 February 2007 Exercise of unlisted options at A$0.225 each and A$0.37 each 50,000
14 March 2007 Exercise of unlisted options at A$0.373 each 650,000
21 June 2007 Issued share capital - closing balance 200,180,521


1 The 15,000,000 consideration shares are subject to an escrow period of 12 months from the date of issue and
application will not be made for these shares to be admitted to trading on AIM until expiry of the escrow
period (ie. after 25 January 2008).



Ordinary shares trading on AIM

In order to address the discrepancy in the Company's ordinary share capital
trading on ASX and trading on AIM, Platinum Australia has now made an
application for admission to trading on AIM of the new ordinary shares that have
been issued since its admission to AIM in November 2005, excluding the
15,000,000 new ordinary shares that were issued on 25 January 2007 and which are
in escrow until 25 January 2008. Trading of the new ordinary shares, for which
application has been made, is expected to commence on or around Wednesday, 27
June 2007.


Accordingly, the Company's total ordinary shares in issue which will be admitted
to trading on ASX and AIM is 185,180,521 ordinary shares.



-end-



Enquiries:

Ms Gill Swaby Mr Richard Swindells
Company Secretary Nabarro Wells & Co. Limited
Platinum Australia Limited Tel: [phone]
Tel: [phone]





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

MSCUARNRBARNUAR

[mr ashley james] 21/6/2007 03:41

Jules,

As I said serious Volume coming in Down Under.

BTW Look at Palladium Price Chart, Bullish or what?

Cheers

Ash:)

[mr ashley james] 21/6/2007 02:34

Compund Up,

Well please remember that ASX:AQP went up 217 times I am not that excited by 4.00% rises in Australia nor 7.20% rises in London.

Not a big issue a trade to AU$2.40 or AU$2.85 bluntly.


KALPLATS could be large, very large, a pretty much how ever much I hope it never happens global US Style Mining Takeover target.

Lets hope not I am more than happy to plod on with Platinum Australia Limited with great compound equity growth and I reckon dividends from 2009 well for another five years easily.

Please remember it took Aquarius Platinum Limited at least 8 to 9 years to 217 Bag.

Patient investing pays as £10,000 Becomes £2,170,000

Traders, Yuck!(;-)0

All IMHO, NAG, DYOR etc

Cheers

Ash:)

[compoundup] 19/6/2007 12:09

Nice pennant forming here. Upside target of 99p would coincide nicely with Ash's AUD 2.40 estimate.

Picked up a few more shares this morning as the Smokey Mining Rights must be getting very close.

[mr ashley james] 18/6/2007 04:16

GOOD SALES GROWTH
Platinum group metals - Bright prospects and strong performance ahead in autos
Leading platinum group metals refiner, Johnson Matthey, reports sales and revenues for its environmental catalysts division as well ahead of last year.

Author: Rhona O'Connell
Posted: Friday , 08 Jun 2007

LONDON -

The emission control sector continues to help to underpin a strong financial performance from Johnson Matthey, with the parameters for sustained strength very much in place - bolstering platinum and palladium also. Soot filters are also taking a hold.

Johnson Matthey describes itself as a speciality chemicals company and a world leader in advanced materials technology. It is, of course, also well known as a leading precious metals refiner. One of the key areas of JM's activities is the emission control catalyst sector, in which it is undoubtedly one of the world's leaders.

In its recent interim results, JM reported a 34% increase in revenue and a 25% increase in "sales excluding precious metals". Total earnings per share were up by 37%. The environmental catalysts and technologies' sales (which will form the underlying focus of this piece as it relates to the use of platinum and palladium in the emission control sector) are reported as "well ahead of last year" with good growth in autocatalysts sales in Asia - especially in China and Japan, the increased sales of catalysed soot filters (CSF) in Europe and the development of the new market for heavy duty diesel catalysts in both Europe and North America. Further strong sales growth in this area is expected by the group for the period 2007/08 and this bodes well for platinum and palladium demand.

Diesel cars now account for more than 50% of the European market with all diesel vehicles requiring a diesel oxidation catalyst. Until recently platinum had been the only metal capable of doing the work of a diesel catalyst, although the development of diesel fuel technology has meant that palladium may now partially be substituted for platinum This development has yet to have a meaningful impact on the palladium market although it is arguable that by the end of this calendar year diesel will form a noticeable part of palladium's demand in the emission control sector.

Johnson Matthey reports in its annual review of the platinum and palladium markets, (in which it monitors sale and purchases of the metals rather than underlying supply and consumption), the automotive sector accounted for 4.2 million ounces of platinum demand (on a gross basis), equivalent to 55% of gross platinum demand. Within this sector, North America accounted for 905,000 ounces, Europe for 2.16 million ounces and Japan, 595,000 ounces with the rest of the world making up the balance of 535,000 ounces.

Put another way; the percentage of global platinum purchases (in all uses) accounted for by the automotive sector in 2006 were as follows:

North America, 12%

Europe, 28%

Japan, 8%

Other, 7%

The equivalent figures for palladium are as follows: in terms of absolute weight, the sector as a whole absorbed 4.02 million ounces or 54% of total demand, of which North America accounted for 1.47 million ounces; Europe, 865,000 ounces; Japan, 795,000 ounces; and the rest of the world, 885,000 ounces.

As a percentage of global demand in all uses, the auto sector commanded the following proportions of market share:

North America, 20%

Europe, 12%

Japan, 11%

Other, 12%

These balances are expected to shift gradually over the next few years with platinum increasing its usage in North America as a result of growth in diesel's market share, and regaining some of the share currently occupied by palladium. Although North American motorists have for a long time regarded diesel as sooty and dirty, fuel technology has come on in leaps and bounds in recent years and this is no longer the case; the message is filtering into the North American motoring population and diesel is starting to make inroads into the sector. Of particular interest is that, all other things being equal, fuel efficiency on a diesel-powered vehicle can be up to 40% better than gasoline fuelled vehicles.

Palladium, as noted above, will start to impinge on platinum's use in this field, but at the moment it would seem unlikely that palladium would take more than 25% by weight of platinum's current demand in the sector, and it would take a considerable time for this level of demand to develop. For the time being, therefore, the prospects for platinum in the North American automotive sector are better then those of palladium.

Furthermore, JM notes that the group's major customers are increasingly fitting catalysed soot filters (again, these are platinum carrying instruments) as well as diesel oxidation catalysts and the group is to open an additional CSF this year at Royston, in the United Kingdom, the site of some of JM's most important facilities.

On a global basis, the rate of growth in demand for platinum is expected to outstrip growth in the automotive sector itself (which is expected by independent analysts to be just under three per cent this year and just over three per cent in 2008) as the emission control catalyst market is by no means mature in nations such as China, India and parts of Latin America. Meanwhile Johnson Matthey expects Asia to provide most of the growth in light duty vehicle production; with capacity increasing in Japan as well as sustained strength in growth in China. In the heavy-duty diesel vehicle sector, the group is forecasting a small reduction both this year and next in the number of vehicles to be sold, but with sustained tightening in legislation in Europe, the US and Japan by 2010 and legislation expected in China, India South Korea and Brazil, the prospect for platinum usage in particular remains bright in this sector also.

During 2006 Johnson Matthey commenced construction of a new autocatalysts manufacturing facility in the Russian Federation. The plant will produce catalysts to meet demand from both local and global car manufacturers following the introduction of emissions legislation requiring autocatalysts fitment in Russia in spring 2006.

The group's interim results underpin the strength of the market for the platinum group metals in the emission control catalysts sector. Both metals are likely to move further into surplus this year on the back of substantial increases in production, notably from South Africa where the prospects for sustained platinum demand is fuelling expansions in production capacity, the fundamentals for both metals remain reasonably robust. The only real spectre overhanging these markets is the high level of palladium inventory and the possibility of further sales of metal from producer inventory.

[mr ashley james] 17/6/2007 20:11

Yikyak,

Yes well now A and C of B at parity AU$0.30 cents A AU$2.05 to AU$1.75 and C AU$2.00 to AU$1.70 I think the next leg will take us back up to AU$2.05 neckline then on up to AU$2.40.

The key here now is the updated KALPLATS Resources, if as I expect High Grade Zone increases from 1.40m toz PGE to 3m toz PGE, and overall from around 3.34m toz to my best guess 7.20m toz PGE I would expect the market to value those extra attributable troy ounces at a development grade valuation.

1.60m extra troy ounces at say US$900 toz would be US$1,440,000,000 extra PGE x ASX:PLA 49.00% say US$705,600,000 attributable.

I would expect market to value at 11.80% to 13.40% say US$83,260,800 to US$94,550,400 at standard IMJ Scale.

ROE US$1.00 =AU$1.18732 AU$98,857,213 to AU$112,261,158

Per latest Appendix 3 B I come to 185,180,521 shares out ie AU$0.5338 to AU$0.6062 per share just for increased High Grade Resource.

I think you will find that the chart read signalling a swift move to AU$2.40 area meets with the fundamentals which I think will show a NAV increase of roughly 26% to 30%.

After that the next key price mover is going to be the receipt of the Smokey Hills Mining Licence.

I still think the key value drivers are going to be the upgrading of Resources into Proven and Probable Reserves on mine commencement and the shear size of KALPLATS and the amount of upside that can be developed in troy ounce terms.

Obviously to support a ten year mining operation of 225,000 toz pa you only need to have 3,000,000 toz of Measured and Indicated Resources assuming you only recover 75% of the metals through the milling and concentrator process (I typically work on 90% via milling mining etc to concentrate and 80% from concentrate say 72% but 75% probably about right).

It would be useful if ASX:PLA put the odd drill hole at KALPLATS down to 1,000 metres at 200 metre centres then they could prove continuity at depth and technically put out an Inferred Resource to depth of 100 Year RSA Reserve Base Depths.



I am pretty sure rock grades of 3.80 g/t over 2 metres to 4.50 g/t over 8 metres say US$110 to US$130 per Mt Rock Ore would work post open pit mining to 200 or 250 metres via underground mining using a decline.

10 metres x say 7,000 metre strike say by extra 750 to 800 metres below current drilling would add an enormous amount of high grade resource into a stage 2 underground mine.

I would think 52,500,000 M3 to 56,000,000 M3 at least over current drilled strike, assuming Specific Gravity of Magnetite 4.90 Mt per M3 to 5.10 Mt per M3 say 5 would equal 262,250,000 to 280,000,000Mt of Underground Resource.

If I assumed 4.36 g/t average (80% at 4.50g/t, 20% at 3.80 g/t)I would be coming out with additional 1,143,410,000 to 1,220,800,000 grammes or 36,761,457 to 39,249,602 troy ounces

The trouble is I guess even RC drilling to 1,000 metres each drill hole would cost US$125 to US$200 per metre drilled, say US$125,000 to US$200,000 35 drill holes US$4,375,000 to US$7,000,000 at a guess but it would certainly add large scale ounce inferred resources and lift the valuation massively.

I am going to be very interested to see what Royal Bank of Canada RBC Capital Markets say valuation is going to be by 2009 noting Aquarius Platinum Limited ASX:AQP LSE AQP traded at above US$10,000 per annual try ounce of production.

The numbers on this project could be enormous, if they can prove continuity at depth, as well along strike as they have been currently.

Obviously Canadian and US Institutions coming in could seriously set ASX:PLA alight for next move north.

All imho,nag, dyor etc

Cheers

Ash

[capntubs] 13/6/2007 16:19

Jules - Lost your number .... along with everybodies when my 'phone went for a swim. Do give me a call sometime if you get a mo.

Many thanks

Toby

[mr ashley james] 13/6/2007 14:40

Yikyak,

I did not realise that PLA were already drilling the offsets to the south

[justjules] 13/6/2007 07:26

Nice:-)

Platinum Australia Limited
13 June 2007



AIM Release



13 June 2007





FURTHER NEW PGM MINERALISATION IDENTIFIED AT THE KALAHARI PLATINUM PROJECT

[mr ashley james] 04/6/2007 14:23

Rob thanks, will do.

[mr ashley james] 04/6/2007 14:23

Rob thanks, will do.

[rob ejs] 25/5/2007 10:56

Ash, yikyak tells me he wants you to call him as he's lost your number.

[mr ashley james] 23/5/2007 14:20

Just Jules,

Fabulous additional KALPLATS Drilling Results, results of 16.02 bmetres at 2.18 g/t, 8 metres at 4.83 g/t 1 metre at 11.89 g/t for an openpit bulk mining target are superb!



I think when market have digested these results we will be off to break the AU$2.05 neckline and be making a swift run for AU$2.35, perhaps AU$2.86 on Updated KALPLATS High Grade Resource which I expect to be updated by at least 215.50% to 3,000,000 troy ounces.

Better Detail on ASX Release:-



all imho, nag, dyor etc

Cheers

Ash:)

[mr ashley james] 14/5/2007 19:40

Yikyak, key news now is updated KALPLATS Resources next month, I am expecting above 3m toz high grade 7.20m toz low grade I know the Company longer term are targetting above 10m toz PGM.

This is going to get a major uplift also when Smokey Hills Mining Licences etc awarded and ASX:PLA go into production, afterall all Resources will get upgraded and Reserve Valuations will be far higher per troy ounce valuation that measured and indicated development asset valuations.

I think one we get back through the AU$1.75 to AU$2.05 neckline, nice steady trot up to AU$2.35, then probably AU$2.86

I am beginning to think ASX:PLA are going to be able to largely finance KALPLATS and/or Panton Mining and development from Smokey Hills Cashflow, afterall the Basket Price must be circa US$1300 by now and IRR logically around 800% at current commodity prices.

All PGMs surging on ETF News, Rhodium back towards breaking out again.

These AMC per troy ounce valuations are grossly missleading on ASX:PLA where Panton is hidden value and KALPLATS quite simply is a World Class Deposit with absolutely enormous troy ounce potential along a 50km strike, and potentially down to 1000 metre RSA 100 Year Reserve cut off.

The more sensible player accepts that as/if and when all mines are in production short term, the valuations that can stretch to above US$10,000 per troy ounce of production make ASX:PLA the most likely next Aquarius Platinum Limited ASX:AQP, LSE:AQP, RSA:AQP

I still value PGM troy ounces below 1,000 metres vertical depth without mineable troy ounces at more accessible RSA 100 Year Reserve Base levels that are mineable to pay back the CAPEX on establishing a mine, as intrinsically worthless for the next Century anyway.

ALL IMHO, NAG, DYOR ETC

Cheers

Ash:)

[smilewithme] 10/5/2007 07:56

Nearly 30 junior platinum stocks to choose from
The junior platinum stock universe, already up more than 100% this year, is a place for professionals, speculators and fanatics.

Author: Barry Sergeant
Posted: Wednesday , 09 May 2007

JOHANNESBURG -

In the space of just a few years, investors have seen an exponential growth in the number of platinum stocks, nearly all on the back of an explosion of activity in South Africa's Bushveld igneous complex. This is the home to the world's biggest deposits of platinum group metals (PGMs) and the long-standing top three platinum diggers, Anglo Platinum (JSE: AMS, R1200 a share), Impala Platinum (JSE: IMP, R231) and Lonmin (LMI.L, £38.67).

Russia's Norilsk Nickel produces significant platinum and palladium by-product, while Stillwater (NYSE: SWC, $13.75) is regarded as a senior North American producer, as is Northam (JSE: NHM, R57.00) in South Africa. Aquarius Platinum (LSE: AQP, £14.71) is ranked as a leading Tier II producer of PGMs.

But the real excitement is to be seen in the emerging junior sector, where consolidation is already underway. Impala Platinum is buying African Platinum (LSE: APP, £0.55), and Lonmin is buying AfriOre (TSX: AFO, C$8.72).

The primary listing domicile of platinum stocks ensures that the global sector remains of high interest, and a playfield limited in reality to professionals, speculators and fanatics. Norilsk carries primary listings in Russia, with secondary listings in London, New York and Germany. The two biggest platinum diggers, Anglo Platinum and Impala, retain primary Johannesburg listings, while Lonmin remains London domiciled in line with its predecessor, Lonrho, from which it was unbundled.

Stillwater is listed in New York, while Aquarius maintains a primary London listing. Anooraq (TSX: ARQ C$2.82), an unlikely name for a platinum digger, is listed primarily in Toronto, while Jubilee's (LSE: JLP, £1.23) main domicile is London.

Listings of platinum stocks in Johannesburg are of particular interest to South African residents, given the country's draconian foreign exchange laws. The three major stocks - Anglo Platinum, Impala Platinum and Lonmin - are available, along with primary listed Northam, Wesizwe (JSE: WES, R14.00), Eland (JSE: ELA, R117.50), plus secondary listings from Aquarius, Anooraq, and Jubilee. In one recent development, Barplats (JSE: BPL, R18.75) will be de-listed from the JSE on May 28; its new effective 74% parent, Eastplats (TSX: ELR, C$2.67) will come up on the JSE boards with a secondary listing from May 21.

Trading in platinum stocks has intensified this year, not least on robust-to-firming fundamentals for a number of the metals that comprise the South African PGM basket: platinum, palladium, rhodium, gold, nickel, copper, and others. Valuations among the emerging producers vary enormously, from $3 AMC/ounce (adjusted market capitalization per ounce) for Pan Palladium (ASX: PPD, A$0.25) to $123 AMC/ounce for Wesizwe.

In South Africa, the platinum puppies also face considerable challenges on the smelting and refining front. These facilities, which remain incredibly expensive and demand specific expertise, remain in the hands of the majors. New entrants such as Aquarius typically supply low value PGM matte from concentrators on a toll basis to a contracted major.

The real test will be when the PGM juniors first test the market's appetite for the huge capital raisings required for mine construction. Such activities in South Africa are made no easier by demands by black economic empowerment (BEE). On that front, Anglo Platinum, nudged along by controlling shareholder Anglo American (LSE: AAL, £28.64), and its new CEO, Cynthia Carroll, remain under pressure to hatch out a BEE plan, in and around the 11 platinum mines it operates in South Africa.

The year-to-date return on PGM juniors exceeds 100%. Beyond the recognised juniors, there are a number of outliers that can be considered within the sector, not least North American Palladium (TSX: PDL, C$11.25), Sylvania Resources (LSE: SVL, 81 pence), Beartooth Platinum (CDNX: BTP, C$0.16), Aim Resources (LSE: AIMR, 9.25 pence), Braemore Resources (LSE: BRR, 9.35 pence), and Consolidated Puma Minerals (CDNX, CPW, C$1.90).

There is lots of evidence that professionals and speculators alike are trading heavily in platinum stocks. On Wednesday, to wit, Nkwe Platinum (ASX: NKP, A$1.01), closed down nearly 10% in Australia, while in later trade, North American Palladium shot up nearly 10% in Toronto.

[yikyak] 18/4/2007 21:38

Platinum Australia Limited ASX: PLA - Kalplats Project Update - Mr John Lewins, MD (Audio Interview)

[yikyak] 19/3/2007 11:41

PLA Presentation.

[justjules] 12/3/2007 10:01

yik yak... nice:-)