PLA
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0.00% 6.7¢ platinum australia limited

All cash gone and now in hock for $12.5m.At a guess first $20m...

  1. Alex999
    3,827 Posts.
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    12/09/12
    15:13
    Post #: 10708311
    All cash gone and now in hock for $12.5m.
    At a guess first $20m from any sales of interests in PLA's three projects will go to pay back the $12.5 plus a return plus Administrator fees.
    500m shares on issue, so each $5m beyond $20m from sales = 1c ps.
    If platinum prices go through roof, e.g. $2000/oz, over next months may yet be a small return for shareholders.
    PLA Price at posting: 6.7¢ Sentiment: None Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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