This is a no brainer at this price and I bought more this morning.
PLA is going to be bacisally printing its own money in this environment and is on a win win situation with its debt being financedin ZA Rands and its income in US$$.
It will still make a margin of US$350/oz of PGM under the current weak prices and should attract now also a take over premium in its share price imho.
We have not the perfect oppotunity to average down with a far lower risk then before as we are now basically a producer.
For me its a bargain price right now and I would have loaded up even more if I had more financed available.
good luck and please do your own research.
PLA is now trading around a PE of 3 which imho is a bargain.
jojo
PLA Price at posting:
39.2¢ Sentiment: LT Buy Disclosure: Held