Panton was always hamstrung by our high cost of production in this country. You would need platinum price to be over $2000/oz for an extended period to really invest in developing that project.
So the deal they took was a smart one imo.
SH is not the company maker, but it is a good starting point to build from.
Kalplats is the next stepping stne followed Rooderand.
However the execution to date has been appalling. Maybe a merger (if it ever plays out) will provide a better standard of management.
Meanwhile I am happy to trade this whilst the volume is like it is today.
PLA Price at posting:
9.3¢ Sentiment: Hold Disclosure: Held