It seems to me with the rising platinum price, and the cashflow that is going to increase now that the mining employment has been resolved, that this stock is only being held back by the greater market. If the all ords gets its act together after a fall in the aussie dollar, I see that the only possiblity for PLA is up. I cannot see why further falls should be warranted with so much potential. Am I wrong?
1.Platinum price keeps going up, demand set to outstrip supply 2.Increase in production at Smokey Hills= Cash in the bank 3.SP nearing 1 year low, all Im looking for is for the cross to form on the moving averages
Any thoughts?
PLA Price at posting:
48.5¢ Sentiment: Buy Disclosure: Not Held