last train to leave the station PPD appears to be the last low market cap PGM player left in South Africa that we have access to via the ASX. Surely has to be worth a small punt at these prices even if their resource is lower grade the tonnages are decent. Plus they now have exposure to some of Anglo Plats ground. Cash situation is not great only a million in the bank. Admin costs appear high which is annoying when progress appears slow but not unusual in the spec management arena. Patience is a big part of the recipe with this one.
I have a small position in the low teens and will buy more if it breaks 17 on decent volume.
Look for some action if PLA makes a big move in the near future.
PPD
pan palladium ltd
last train to leave the station PPD appears to be the last low...
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