PGM (ASX) Ann: Quarterly Activities Report

Originally posted by Hotrock1 ↑

Maybe the talk has started ... refer to the last announcement with the cryptic line you and others quoted.

A river water channel system is a lot better than non potable water bores with limited flow.

You need a sh!t load of water to run a clay bound beneficiation circuit. Prime example is the Murray basin Illuka resources titanium operation. Check their website for guidance. They are very profitable at the moment, they need lots of reasonably non drinkable water to do it.

PGM's abattoir tenement seems to be in the Prime spot for water and CLQ's water purification beneficiation circuit works very well to produce Potable water from contaminated water recycled from treatment circuits in mining and other settings.

A perfect solution, so to speak! If I had the opportunity with the PGM Owendale assets, a deal would have been struck with Friedland a long time ago.

Clearly the current PGM set up cannot match the clout of CLQ nor the recent upstarts AUZ.

I hold PGM shares and not the other two stocks mentioned .. however my patience is being tested. I will hold because I believe Platina, the entity, has the right assets at the right time.. but the Platina, the current entity management, is causing us concern.

I am now holding for a Takeover/JV/Spinoff of the Platina assets .. Munni Munni is done and could bring in some cash from a 100% sale with Royalties attached, but, this is not going to make up for the lost opportunities over the recent times. When is the EGM or AGM ? How much are the directors being paid?? what are they doing to earn their keep.

PGM to me is completely understaffed at the moment and has been for quite some time .. they were never suitably staffed in the recent past to make a dent on their recent peers in terms of clout .. no wonder Chinalco pulled the plug a few years ago with their involvement with Platina re the Scandium offtake.

Maybe Chinalco have recently been silently buying up PGM shares under numerous entities, whilst doing a deal with CLQ over a substantial period of time.

Must watch some more pirate movies to deduce more plots and various skulduggery techniques that may be applicable to the Fifield Scandium, Cobalt, Platinum, Nickel killing field plays.

Enough from me .. time to pack for my field trip .. at least I know what I am doing and pay for it out of my own pocket.

I cant wait for CLQ to nail a deal with PGM. Like you Donnie and no doubt others, I would welcome the right deal with CLQ for Owendale assets .. spin off or sell Greenland .. Munni Munni done .. What's left ?? .. pay the shareholders a big dividend and go explore other mineral esoterica like Dungite.

Just my views as a not too happy camper with the way things are unfolding at Platina at the moment.

HR

Just my views above .. I am entitled to give my views .. these views are paid for with the money spent to buy shares in Platina on expectations of directors and the company working in the best interests of their shareholders in terms of monetary gain ..not their own pockets in lieu of the shareholders.

DYOR and IMO time for a change.

Expand

I think the last chance for PGM as it stood to make a turnaround or catch up was the very day Mosig left. They needed to act fast and put a good MD in his place, but I don't think the crew even had plans for such an event! I hoped they did... we all did.

But as the company stands right now its all about the Tenements. What are they worth to the companies that can use them?

Unless of course some Rock star CEO appears with a plan and loads of cashed up groupies in tow.

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(20min delay)
Last 2.6¢		Change -0.001(3.70%)		Mkt cap ! $16.20M

Open	High	Low	Value	Volume
2.6¢	2.6¢	2.4¢	$3.74K	152.0K


Last 2.6¢		Change -0.001 ( 0.00 %)
Open	High	Low	Volume
2.4¢	2.6¢	2.4¢	54876
Last updated 15.52pm 04/06/2024 ?

I think the last chance for PGM as it stood to make a turnaround...

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