PLA 0.00% 6.7¢ platinum australia limited

Hi hotfire,I am also still in PLA and like you like the longer...

  1. 343 Posts.
    Hi hotfire,

    I am also still in PLA and like you like the longer term growth story.

    My cost is around A$0.95 and PLA has been disappointing in 2010. Having said that I have never had an easy ride with Platinum miners and production problems seem to be an inevitable part of this difficult mining business.

    PLA are definitely going through a learning curve at Smoky Hills (SH) and the optimistic comments on production withought stoping redundancy in hindsight are an indication of this inexperience.

    I would like to beleive that going forward things can only get better with PLA and where we see evidence of SH production improving then there should be a rerating of the shares.

    What we also need to see is some tangible progress on Kalplats and further on at Rooderand. One mine companies pose a much higher risk and with diversification into multiple sites the appeal of the shares should increase.

    BR
    Max

 
watchlist Created with Sketch. Add PLA (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.