Most recent brokers note: http://www.thebull.com.au/articles_detail.php?id=7201
Nov 9, 2009 BUY RECOMMENDATIONS
Platinum Australia (PLA)
With production ramping up at the Smoky Hills project amid a positive pre-feasibility study completed on the Kalplats project, PLA is well positioned to benefit from an expected strong demand and under supply scenario facing the platinum market. Platinum is increasingly used in pollution reducing catalytic converters – a positive for this company given that environmental considerations are taking on more importance.
Patersons also set a $1.17 short-term price target in their September Resources Review
PLA Price at posting:
91.2¢ Sentiment: Hold Disclosure: Held
