Guys I know how u feel, but bear in mind, if there is an asset sale u will get nothing, the debt holders will get paid out first. I also believe the platinum industry in South Africa is in a mess..Labour strikes, high costs and political unstability.. Do u guys think anybody wants PLA's assets, think again..no one wants it (Amplats, Implats,Lonmin,Aquarius) PlA's assets is perceived as toxic and a poisoned chalice, not work the risk. Eastplats has placed their mines on care and maintenance and has burning cash in the last couple of years, lack of visibility and is currently trading at 7c Canadian, down from $1. I do have empathy for u all, but still feel JBL's business model could turn PLA around. For PLA to find a suitor u need a Platinum spot price of $1700 and exchange of R10, no Labour strikes, no nationalisation talks and an improved vehicle sales in Europe and China.
GLA
PLA Price at posting:
6.7¢ Sentiment: Buy Disclosure: Held
