I share the current sentiment on PLA and understand that there...

I share the current sentiment on PLA and understand that there have been issues with SH mine,but managing labour in SA can be extremely challenging. PLA are not the only to face it. It's bit unfortunate that we had issues after issues due to which we couldn't achieve the desired production. However, I'm still very bullish on prospects of this co. and still believe that Smokey Hills can be turned into a profitable mine. In the short term, we may continue to see sp volaitlity due to global financial turmoil and buyerswaiting on the sidelines for the Sept qtrly. There is one thing for sure , that management need to clearly demonstrate to shareholders that production is ramping up at SH to win shareholder confidence.

On a different note, someone on this thread has quoted incorrect financial numbers. The below numbers are from PLA's annual reports. feel free to correct me if I've misunderstood.

Net Loss (2008)=$11.1m
Net Loss (2009)=$14.8m
Net Loss (2010)=$16.2m
Net Loss (2011)= $12.3m

Below is the statement made by Peter D Allchurch in the latest annual report
"Give its quality project portfolio Platinum Australia Limited is presently (September 2011) significantly undervalued in the share market,primarily due to lengthy delays in reaching full PGM production at our Smokey Hills mine. Management is confident that the production delays will be overcome in the near term allowing the market to re-rate the company upwards."

Good luck all.