PLA 0.00% 6.7¢ platinum australia limited

Luckysmile, much as one would like to have some definite news,...

  1. 596 Posts.
    Luckysmile, much as one would like to have some definite news, the fact of the matter is that PLA is in the doldrums.

    I can't see that the Company will have any cash left. I expect that any capital assets will be in lien to Macquarie and/or the administrators. I would suggest that they have buckleys of unloading those assets in the current environment for platinum: even if they do sell I can't see that there will be any value left in the shares we hold.

    In other words forget it!
 
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Currently unlisted public company.

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