There will be some marketing going on this week at the PGM conference in London - just after Pla released upgrade in number of platinum ounces.
Platinum juniors to become prime take-over targets TEXT SIZE
By: Creamer Media Reporter Published on 16th May 2008 The platinum industry is in distress and juniors that are able to navigate the challenging landscape could become attractive targets for bigger companies, an analyst said on Friday. "The race is on," stated RBC Capital Markets analyst Leon Esterhuizen. He said that the world's platinum demand was increasing, but that producers were afflicted by restricted power supplies, insufficient skills, and sharply increasing costs. "However junior companies who are able to succeed in this climate and capitalise on the very high metal prices will potentially become prime take-over targets for larger companies, enabling them to break into the select group of only a handful of major global platinum-group metals producers," said Esterhuizen, in an emailed statement. He opened the RBC PGM conference in London. http://www.miningweekly.com/article.php?a_id=133541
PLA Price at posting:
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