Plastics Capital Share Discussion Threads

[mr ashley james] 19/11/2005 14:38

Energyi,

Do you know Ticker Code for Platinum Australia Limited for Monday's AIM Listing?

Looks like listing at somewhere around AU$0.3150 to AU$0.3500 ie assuming ROE AU$ 2.33701=£1.00 13.50p to 15.00p.

My gut feeling first week target could well be AU$0.5150 with perhaps a three month target of AU$0.7550 assuming continued strong PGM Prices ie targetted US$328 Palladium, US$1,027.50 Platinum and US$3285 Rhodium

I will not be surprised to see 22.00p or higher by end of first week of AIM Trading, you never know it might hit 32.50p afterall there is not much out there of quality on AIM developing high grade, shallow and decent intercept, large bulk mining potential PGM mines, least of all potentially combined Open Pitable and Underground Mining Projects.

Palladium is now up roughly 71.43% in Sterling Terms in 2005 from £87.50 toz to £150.00 toz and quite frankly I reckon ASX:PLA is as good a place as any to get serious Palladium upside from Panton as the Palladium Bull developes and hopefully the proximity of the Deposit in Northern Australia to key Chinese and other Asian PGM Markets makes it a viable mine and essential nearby production source for the metal.

Here is to hoping!

All IMHO, NAG, DYOR etc

Cheers

Ash:)

[energyi] 19/11/2005 14:36

Nice thread, AJ
I am a shareholder in PLA, looking foward to next week's action

[pecker1] 14/11/2005 10:10

Ash and company, refined gentlemen? Some alchemy at work here methinks - perhaps there's hope for us all!

[mr ashley james] 14/11/2005 01:11

Blimmin Goldbugs!(;-)0

Gold is for Girls Palladium is it seems is a metal for "Refined" Gentlemen!

Code Last % Chg Bid Offer Open High Low Vol
PLA 0.330 22.22% 0.315 0.330 0.285 0.335 0.285 1,222,543

From the "London Palladium!"

Cheers

Ash(;-)0

[tywocky] 13/11/2005 22:45

Ashley
PGM`s are valuable in a growing economy, but if we hit stagflation and the boom ends ,as it surely will, then that fine monetary relic GOLD truly recognised through history as the ultimate honest currency will come back into its own.
At that time GOLD will arise and smite the other metals and we goldbugs will have our day Ha ha ha.
So why waste your time with PGM`s when you can have recession proof GOLD ?
STEN COBER HA PYSK, OWR DHYS !
Tywocky

[mr ashley james] 13/11/2005 17:20

Tywocky,

Header updated again post recent ASX Press Release, I think number of options may have declined by 1,000,000 (200,000 exercised, 800,000 expired), but number shares in issue updated and effective dates post AU$6,000,000 financing.

I am hearing whispers that indeed this is expected to hit AU$0.50 or above short term and that a broker report is imminent.

I stand by my AU$0.5150 by 31st December 2005 wager with a bit of luck I could in fact have a pint of foaming ale in the bag by 30th November 2005.

It is in fact not going to surprise me if this hits AU$0.895 or even AU$1.3775, in fact AU$0.595 by year end, or within the next few months, anyway the higher targets within next year if it follows a classic 18 month to 24 month break out pattern low to high.

I can easily see a major surge 1st January 2006 to end of Australian Tax Year 30th June 2006.

All IMHO, NAG, DYOR etc

Cheers

Ash:)

[mr ashley james] 11/11/2005 16:22

Palladium market in 60,000 oz deficit in 2005 -Virtual Metals
Source: Dow Jones



See also
Palladium Board
Palladium CatalogThe 2005 palladium market is forecast to be in a deficit of 60,000 troy ounces following a "truly remarkable" turnaround in Chinese jewelry demand, Virtual Metals said in its monthly report Friday.

Had jewelry demand remained at previous levels, the market would have been in a 600,000 ounce surplus this year, analyst Matthew Turner said.

Chinese platinum jewelry customers started to seek an alternative to platinum in 2004 when prices hit $952/oz, putting off price sensitive customers.

Chinese manufacturers sought to market palladium jewelry instead, which traded at around $230/oz at the time.

Imports into China and Hong Kong in March 2004 were over 200,000 oz, compared with a monthly average in 2003 of just over 25,000 oz. The trend was sustained through 2005, Virtual Metals said.

Spot platinum prices hit a 26-year high of $961/oz Friday.

Palladium jewelry demand for 2005 in China is seen just short of 800,000 oz, around one-six of total palladium demand.

However, despite China's appetite for palladium jewelry coming "out of nowhere," prices will be capped due to large stocks.

Spot palladium is currently trading at a 17-month high of $240.50/oz.

Russian stock levels are unknown, even though this might change as Russian miner Norilsk Nickel has said it would reveal stock data at some point before 2006.

One of the main drags on palladium prices are large stockpiles in Switzerland estimated at over 196 metric tons, or 6.3 million ounces, equivalent to almost a year's supply, Virtual Metals said.

Implied stockpiles have now started to fall, the report said, estimating a drop of 21 tons by September 2005 to 175 tons.

"If it were to continue to decline at this rate then it would be exhausted in about seven years, suggesting it could remain a drag on the price for some years," the report said.

[pecker1] 10/11/2005 20:22

Ash,

It's interesting to see the strong increase in the palladium price. Presumably as platinum edges up to new highs, then further highs, there will be a bigtime substitution effect coming through which should propel the palladium price higher. Some gearing! A good call indeed and excellent news for PLA/Panton.

This is also a very interesting report from virtual metals:



Apparently the real cap to the palladium is the size of the Swiss and Norolisk stockpiles.

Any thought on these?

[pecker1] 08/11/2005 12:57

Ash,

May well join you though I have been happy buying the stock in Australia up to now. However, maybe the CGT relief may just overcome my abhorrence of the UK marketmaker rip off system. Having said that, my Aussie-bought stock will probably qualify for relief too following the AIM listing. But this is just a detail - the important thing is the price gain potential. If the management proves competent at developing and running a mine then your high expectations could well be right.

[pecker1] 07/11/2005 11:17

Looking good. Here is an intersting piece about Stillwater encouraging palladium trading/consumption in China.

[mr ashley james] 06/11/2005 23:42

Already hit my AU$0.295 target on the Offer I had better revise it for the week.

[mr ashley james] 02/11/2005 01:24

ASX:PLA Up a further 9.10% or AU$0.02 in Australia overnight to AU$0.24