Platfields in negotiations for mining assets acquisition
–" Emerging platinum miner Platfields on Friday said it had been approached by a third party and had started negotiations for the acquisition of substantial mining assets.
The company said that, if successful, the acquisition would result in a reverse listing, a change in control and in the board, as well as cash flow being injected into the group." continues
and
"The company on Friday also noted that petitions had been made to the Minister of Mineral Resources for the validity and security of tenure of certain of the group’s prospecting rights that had lapsed subsequent to the year-end..." cont.
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Good to see interest in emerging platinum miners.
NKP Price at posting:
6.1¢ Sentiment: None Disclosure: Held