PLA pacific lime and cement limited
Add to My Watchlist 1.89% ! 27.0¢

HI AllI am a holder of PLA but getting frustrated with the...

  1. lousca
    97 Posts.
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    06/11/09
    12:12
    Post #: 5881141
    HI All

    I am a holder of PLA but getting frustrated with the stock.

    The September Quarterly Report shows that their cash receipts was A$10.0m but their admin and production cash costs were A$13.0m.

    Are they not producing enough ounces or is their cost of production to high for the current price for platinum?

    It seems to me they may need a platinum price of around US$1,500 per ounce to be cash positive!

    Any ideas?

    Happy trading
    PLA Price at posting: 89.5¢ Sentiment: LT Buy Disclosure: Held
    Likes Created with Sketch. 2  Upvote
    lightbulb Created with Sketch.  Great analysis
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