From a recent Fat Prophets on PLA-Most of world platinum supply from Africa where power from Eskom struggling to keep up with demand and likely to further adversly platinum supply in future.PLA will have their own standby generating capacity sufficient to allow them to operate independant of Eskom.FP is of the view that demand for platinum is likely to increase in the face of supply struggling !PLA in yesterday's press release also claimed they would be among the world's lowest cost producers.Not time to slash the wrists just yet!
PLA Price at posting:
$1.08 Sentiment: LT Buy Disclosure: Held