https://www.bloomberg.com/news/articles/2018-08-20/chinese-etf-investors-throw-gold-a-lifeline-after-fund-exodus
After you have read the links then think about the current price of Rhodium and Palladium and tell me Platina does not have fingers in those pies .. big time. So what are they sitting on ? ... their backsides!
Where we sold a pup??? is the stuff really there?? If it is there, then, why can't it be turned to cash (sold) to fund the other company activities like Owendale, and future potential "distressed" strategic acquisitions, as alluded to in one of the last announcements. .. don't forget about the new HPA potential .. what a load of diversionary BS that is!!
So what is Platina ( the precious metals explorer) doing with about to monetise what it has for the shareholders benefit .. right now!! Answer that and you may win a prize.
Talk is very cheap, I've had a gutful of reinvented visionary plans from the company... time to kick some ass and goals .. for the shareholders benefit, not for the well paid company hierarchy.
It is nearly a year since Mosig departed .. where is the Share price today ... in the doldrums.. again... Why???
There was a whirlwind of announcements when CN finally started ..they seem to have dispersed into the usual whirlwind of bull dust .. The only thing tangible at the moment is the thin and extremely volatile and diabolical trading patterns of late. Is the SP being played ?? look at the last years trading patterns.
Very,Very disappointing to say the least for a company that has so much offer over a long lead up with very appealing ground in Oz and Greenland. What's gone wrong .. again?
The SP is your barometer, hard questions need to be raised at the AGM and we will attend and ask those questions face to face.
The wheels on the once well honed PGM chariot seem to be about to fly off in different directions. Maybe the horse has been flogged to death as well.
I don't need someone to say to me .. " Its all to do with the current geopolitical and financial cycle ..look how well we have held up" .. This company has seen a cycle or two, it may turn into a monocycle and I am not sure who will be peddling!
Remind me ... How much real skin in the game ( their own cash ..not free shares) do the directors and management have in Platina .. is the answer, not much if any! .. how much have the real retail Platina investors individually sunk into the company (forget the day traders) .. probably a lot and a lot more hard earned cash than any of the directors have managed to tip into their company. I find that distasteful.
HR
Not a happy camper at all. Time for an AGM!! if not an EGM!
PGM Price at posting:
7.3¢ Sentiment: None Disclosure: Held
(20min delay)
