Australian (ASX) Stock Market Forum

PLA - Platinum Australia

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Out Too Soon said:
This looks like a good chance for me to get back on board with this one. I made a note to myself last year that PLA starts mining this year, is this still the case? I've been looking thru the ann's & can't find a mention, don't know where I got that info originally! :confused:
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:2twocents
PLA are not only mining they are a producer and have just been entered into the All Ords, therfore the fund managers should start paying some attention to this one. Don't know what to say about the today's drop of 3 cents, however most stock fell today.
reg
ang
 
Hi Ang, dont know where you get your info from, wish it was true, but PLA are not producing.. They are waiting for mining licences for Smokey Hills, Drill results from Kalahari, feed results from Panton...A lot of things out of there control at the moment, but, you get the feeling, if one announcement comes, the SP will be on the move and more announcements will be soon to follow. Still confident of $3 in 12 - 18 months.
 
Bushrat said:
Hi Ang, dont know where you get your info from, wish it was true, but PLA are not producing.. They are waiting for mining licences for Smokey Hills, Drill results from Kalahari, feed results from Panton...A lot of things out of there control at the moment, but, you get the feeling, if one announcement comes, the SP will be on the move and more announcements will be soon to follow. Still confident of $3 in 12 - 18 months.
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Thanks for the clarification Bushrat, it threw me, I couldn't find anything but would be silly to argue. sp should rise a lot when they do start mining, agreed.:)
 
Hi Bushrat
I have attached the relase relating them being listed on the all ordinaries as attached. Why else would they be listed under that category rather than Mining if they weren't producing?
How do you get your valuation of $3
kind regards
Angelo
 

Attachments

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Jimminy said:
Worth noting this stock has put on over 30% in the past fortnight.

Surprised there is not more followers on this stock.:confused: I got on last week at $1.63.

New ETF should make this put on some more gains. Have a read of the following articles from the past few days.


http://business.iafrica.com/transcripts/777568.htm

http://business.iafrica.com/transcripts/777568.htm

http://www.miningweekly.co.za/article.php?a_id=107330
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Yes if you want a solid platinum stock this is the one. Like I said earlier in the month they are now listed under the all ordinaries, so the big boys have started to play with this one. Info I have seen is they will be producing before September.
kind regards
Ang
 
:D
Out Too Soon said:
Thanks for the clarification Bushrat, it threw me, I couldn't find anything but would be silly to argue. sp should rise a lot when they do start mining, agreed.:)
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I can't believe there aren't any more traders on this forum on this one got to $2.04 today, my $2.30 target looks good and your $3 target in 12 to 18 months lets say that is going to be tested soon. The price has also following the Platinum price, however this is over 40% up since I first warned all you nice folk on the forum and still no announcement. They may be producing before you all think. Any way I am still in there and I hope members got on board when I first flagged it:D :2twocents
kind reg
ang
 
Ang said:
:D

I can't believe there aren't any more traders on this forum on this one got to $2.04 today, my $2.30 target looks good and your $3 target in 12 to 18 months lets say that is going to be tested soon. The price has also following the Platinum price, however this is over 40% up since I first warned all you nice folk on the forum and still no announcement. They may be producing before you all think. Any way I am still in there and I hope members got on board when I first flagged it:D :2twocents
kind reg
ang
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I'm here Ang.....not a trader though. Long term one in the super fund.

Wait till Smokey comes on later in the year. Not to mention Kalplats,etc....

Got onto this on at 1.63... 2.04 high was great. Should test and pass that quite easily as we see platinum prices continue to post new high on an almost daily basis. Luv the Plat ETFs & ETCs:D .....
 
Please refer to below Platinum going "bananas" in London. With all the talk on reducing emissions in Vehicles and the use of this precious metal in electronic equioment like Ipods, no wonder the stock is going up. Still plenty upside tomorow and in future with this sort of news coming out of london.
kind reg
ang

April 26 (Bloomberg) -- Platinum rose in London, snapping its worst losing streak in more than seven weeks on speculation that a new platinum-based investment product will buoy demand for the metal used in jewelry and cars. Palladium declined.

Platinum fell for three consecutive trading sessions after closing at a record April 20. Carmakers are using more platinum to reduce emissions from vehicles as governments tighten environmental controls. Demand may be further bolstered by investors buying a new exchange-traded fund backed by platinum, London-based researcher GFMS Ltd. said yesterday.

``The longer-term outlook remains very strong for platinum, with inelastic demand from industrial sources potentially being joined by strong investor interest as demand for ETF products swells,'' James Moore, an analyst at London-based TheBullionDesk.com, said in a report today.

Platinum for immediate delivery rose $6, or 0.5 percent, to $1,306.50 an ounce as of 9:50 a.m. in London. Prices last retreated for three consecutive days at the beginning of March.

Palladium, platinum's sister metal, dropped $3.50, or 0.9 percent, to $376.50 an ounce. The price reached a four-year high of $406.50 in May last year, and the metal ``remains on course to challenge'' that, Moore said.

Shares of ETFS Physical Platinum, the first securities backed by platinum and introduced in London this week, gained $1.31, or 1 percent, to $132. Jersey, Channel Islands-based ETF Securities Ltd., developer of the securities, also introduced units backed by palladium, silver and gold.

``Pricing is extremely efficient and will always be close to the metal it's tracking,'' Hector McNeil, head of sales and marketing at ETF Securities, said on a conference call today. ``If there is rising demand, the ability of producers to increase supply is constrained.''

To contact the reporter on this story: Claudia Carpenter in London at ccarpenter2@bloomberg.net
 
It's all good Ang.

Analysts expected $1450/ounce to be passed this year even before the ETFs had been anounced....:eek:

This one will perform better than most u stocks for the next 6 months. :eek: Big call I know as I hold quite a few. That's how confident I am on PLA.
 
Jimminy said:
Analysts expected $1450/ounce to be passed this year even before the ETFs had been anounced....:eek:

This one will perform better than most u stocks for the next 6 months. :eek: Big call I know as I hold quite a few. That's how confident I am on PLA.
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Some good analyst reports coming out on PLA at present noting their tonnage in the coming years, coupled together with an ever increasing platinum price.

Reached a high of $2.22 today thus far. 10% GAIN:D
 
Jimminy said:
Analysts expected $1450/ounce to be passed this year even before the ETFs had been anounced....:eek:
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$1438/oz reached in overnight trade, so the analysts have been proven correct thus far.

PLA has not done as well as I thought; but hopefully smokey hills mining approval will change this.

First year production target of 100,000 oz. That's next year.

Wait until they get Kalplats going in another five years. Buy in now, stick under the pillow and you will be rewarded may fold in years to come.;)
 
This one has been a sleeping giant for quite a while now and i believe this will be headed toward $3. Recent announcements have given the kick along and proof is in the pudding! Still excellent value with solid fundamentals and very exciting times ahead. One of the better long term holds and a smart management behind them.
 
popy said:
This one has been a sleeping giant for quite a while now and i believe this will be headed toward $3. Recent announcements have given the kick along and proof is in the pudding!.
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New high of 2.45 intraday - $2.41 new highest close also.

The sleeping giant perhaps awakening with platinum prices projected to strengthen with forecast deficit for next six months.

Any one else follow or hold this stock. Seems a shame not many follow it.
 
Yep, i follow it, as I bought in years ago at 24c, watched it dropped to 10c, then held on selling half at about $1.40 and the rest at $1.90.. I cant believe the price of this stock. It is all really dependant on producing next year..something they said they would be doing this time last year. They are waiting on some permits and this has taken almost 12 months now, as from what i can tell, they stuffed up the application somewhere in the environmental paperwork. Yesterday it spiked to $2.73 then dropped back to $2.51. I guess this was on the back of the Xstrata bid for Jubilee..
Can see it going to $4 next year, especially as volumes are building, but Anglo Pacific has recently dumped about 2mill...Cant blame them really, I think they only paid 15c for them..
good luck to holders, it should keep running.
 
PLA just downgraded their share of the Smokey Hills project to 59% according to the latest announcement to "introduce a BEE component".

They had 80% of the project before. For the size of the project should I be worried about this announcement? What does this announcement mean?

I am long on this stock but have no clue as to the nature of the BEE component and can't access whether this is a bad or good move in the long term.
 
Bushrat said:
Yep, i follow it, as I bought in years ago at 24c, watched it dropped to 10c, then held on selling half at about $1.40 and the rest at $1.90.. I cant believe the price of this stock. It is all really dependant on producing next year..something they said they would be doing this time last year. They are waiting on some permits and this has taken almost 12 months now, as from what i can tell, they stuffed up the application somewhere in the environmental paperwork. Yesterday it spiked to $2.73 then dropped back to $2.51. I guess this was on the back of the Xstrata bid for Jubilee..
Can see it going to $4 next year, especially as volumes are building, but Anglo Pacific has recently dumped about 2mill...Cant blame them really, I think they only paid 15c for them..
good luck to holders, it should keep running.
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Hi shivers not bad, does anyoen know the mine life?

Earnings and Dividends Forecast (cents per share)
2007 2008 2009 2010
EPS -4.7 9.5 11.5 36.1
DPS 0.0 0.0 0.0 0.0

Business Description
Platinum Australia Limited (PLA) is a platinum group metal (PGM) exploration and development company. The companys activities are focused on its three key projects: Smokey Hills and Kalahari in South Africa and Panton in Australia.

Company Strategy
PLA aims to become a substantial mid-tier PGM producer. To achieve the goal, PLA has formed a basket of three strategical PGM projects and has a development program for each of them. In July 2006, PLA completed a bankable feasibility study on the Smokey Hills project. Preliminary figures were based on a resource of 1Moz 4E PGM, production rate of 95,000oz 4E PGM per annum and support the development decision. Second South African development project, Kalahari Platinum, hosts resource of 3.4Moz of 3E PGM and has the potential to more than double the high grade open pit resource. It is company target to conduct drilling along strike and down-dip of the known deposits. The feasibility study will be aimed at a project to be able to produce about 200,000oz 3E PGM from open pit operations. PLAs third potential development project is its 100% owned Panton Project. To facilitate development of Panton and save on capital costs, the company has reached an agreement with Sally Malay Mining Limited (SMY) for that company to carry out and fund a feasibility study. Platinum Australia reported a net loss of $7.14m for the year ended 30 June 2007. Revenues from ordinary activities were $1.52m, compared to $456,858 in the pcp. Diluted EPS was (4.7) cents, compared to (3.6) cents last year. The net operating cash outflow was $5.76m, compared to an outflow of $4.69m in the pcp. No dividend was declared.
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Bushrat said:
Yep, i follow it, as I bought in years ago at 24c, watched it dropped to 10c, then held on selling half at about $1.40 and the rest at $1.90.. I cant believe the price of this stock. It is all really dependant on producing next year..something they said they would be doing this time last year. They are waiting on some permits and this has taken almost 12 months now, as from what i can tell, they stuffed up the application somewhere in the environmental paperwork. Yesterday it spiked to $2.73 then dropped back to $2.51. I guess this was on the back of the Xstrata bid for Jubilee..
Can see it going to $4 next year, especially as volumes are building, but Anglo Pacific has recently dumped about 2mill...Cant blame them really, I think they only paid 15c for them..
good luck to holders, it should keep running.
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Congrats!! I think PPD and PGM are two more PGM co's which will see similar gains, both trading at discounts to recent prices, very small market caps, with great resources. PGM is probably the real moonshot.
 
Anyone got any thoughts on Platinum Australia?

It has been trending upwards for 2.5 years and is hovering around all time highs.

Fat Prophets have a BUY on it.
 
yeah they are going very well, upgraded their resource and will be mining soon, I got in at $1.85 and with the bear market starting in August they are one of the few that never fell heavely like most of the other stocks, I wish I had bought more of them now with PT over $2000 plus PD and AU and such a huge resource, It may go to $10 in a couple of years who knows
 
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