Platinum Australia Ld Share Discussion Threads

[arja] 01/7/2010 08:17

bet MMs widen spread even more as day progresses to screw investors wanting to sell on last trading day !

[sg31] 30/6/2010 17:37

Is it the intention to keep this board active?
If so can we get ASX charts to replace the current ones please

[apavlovic] 30/6/2010 17:00

delists 02nd July. Latest time to action is cop tomorrow.

[arja] 30/6/2010 15:56

better to sell on OZ market anyway as no spread or MMs there . Delists on 1st July I think .

[red ninja] 25/6/2010 16:27

Bought a few more today as at 39.3p seems cheap compared with ASX closing price, also hoping for an ASX bounce once AIM is behind us....

[piedro] 23/6/2010 13:12

From their May 2010 presentation ...



... raises a couple of observations:
i) March Qrt 2010 not mentioned
ii)The numbers do not seem to agree with the published Quarterly Results

[chartsmart] 21/6/2010 12:10

pgms looking better. lets put the bad times behind us, get off AIM and start the news flow again.

[arja] 17/6/2010 09:12

up again in OZ and a pity that they will be delisted in UK on 1st July. Makes me too nervous to buy through CFD at 42 which seems to be a bargain ! Spreadbetting firms like IGindex rip you off on a delisting as i know from a painful experience !!

[dodge meister] 16/6/2010 12:29

Given the problems are in the past and the Pl price is rising this is crazy priced, unfortunately already got loads to load up any more.

[arja] 16/6/2010 09:39

turned up in oz to close at 72 and should rally to 80 based on chart !

[doshdabbler] 07/6/2010 11:18

Inching closer to the 32p mark I said I would buy at. However, I might hold on till the late 20s, where we're inevitably headed. Sad really, but there is nothing propping us up. Smokey is, in the eyes of the market, a bucket and spade operation (I guess in a way it is compared to other PGM mines) and Kalplats just keeps getting delayed. I wouldn't be surprised if there wasn't an opportunist bid around 60p equivalent. Astonishing, because PGM prices have held up pretty well

[justjules] 02/6/2010 23:02

good on you chart..... I am doing the same but in oz

[chartsmart] 02/6/2010 08:23

yep Jules just a question of where it will turn, think thats about 35% knocked off in just over a month. One thing time has taught me is to never fight the market, very glad I managed to offload so many in the 50s but I will be buying them back on AIM if it hits my target.

[justjules] 02/6/2010 07:55

chart... broke a support in oz and a stupid company put a sell on it if that support broke... alot of lemmings follow this stupid report:-(
Also alot of selling before the end of tax year

[chartsmart] 02/6/2010 06:03

Closing around 38p equiv in Oz. Starting to look tempting again.

[red ninja] 01/6/2010 11:36

In the long run the exit from AIM is probably for the best in the short term they'll be some AIM holders who don't want to hold on the ASX and thats probably adding to the weakness above that of the overall market...

[doshdabbler] 01/6/2010 10:28

Now at a big discount to Oz. Despite many temptations, I will not buy at this level, since there is NO reason why it shouldn't slide further. There is nothing underpinning the price at the moment. Wish I had been invested in OZ, then I would have had little problem offloading much of my 350k when the rotten quarterlies came out. AIM has been I noose around my neck

[doshdabbler] 01/6/2010 08:18

jules, am in the process of choosing brokers and shall almost certainly go with TD. When I said 32p, I meant Aussie dollar equivalent. (I can't really see it going that low, but would buy quite a few more if it did) I shall not be indulging the AIM mm's.

Having said that, they are trading at 2p less than ASX now

[justjules] 01/6/2010 08:07

dosh.. sit back... open an account with td waterhouse and you can trade it with liquidity on the aussie market:-)

[doshdabbler] 01/6/2010 08:03

chart, yes if you apply current ex rate, but last time it was 73c, we were 39p. Good point about the premium, though. Just one month for MMs to make money here, so AIM will not be worth looking at for realistic prices.

[chartsmart] 01/6/2010 06:11

dosh back to 40p today? closed around 42p equiv in Oz on low volume once again and I expect they will keep the premium in place for buying on the defunct AIM listing while widening the spread for any forced sellers.

[doshdabbler] 01/6/2010 04:25

Back to 40p or below today. Oz has been sliding consistently. Doesn't matter that pt seems to be firming, shorters are enjoying the summer slump and lack of news. If it retraces to around 32p, I shall add more. Medium-term story is still the same, and PLAA will become a potential target once Kalplats gets the green light. You cannot snub arguably the world's most cost-effective PGM miner (when they sort themselves out, of course).

[arja] 26/5/2010 15:31

so often these market maker dual listed stocks delist in UK . If no MMs and oz system followed, it would increase liquidity tenfold at least ! so 1st july is delisting date and a pity it is happening when share price so depressed .