Latest Jubilee announcement mentions "while we are driving hard to conclude the processing strategy for our platinum DCM tailings project."
Overall Jubilee is likely to be on the path to recovery this year due to power contracts, settled debt, and profitable smelters. They clearly are keen to get hold of at least some of the PLA assets, the smelter in particular, but as they say, the longer PLA draw this out the less likely a deal will be done. I suspect the Mac Bank crew will try to gain ownership of the smelter as part of a debt payment by PLA administrators, then sell it off to Jubilee to recover their debt. Will certainly see whose snouts are in the trough when a deal is finally concluded. But whichever way this went, even at the best offer stage, our current holding would be a fraction of what it was before the company went into administration, certainly well less that 1c per share.
PLA Price at posting:
6.7¢ Sentiment: None Disclosure: Not Held
