Unfortunately the Jubilee share price is now so low, a return to Platinum Australia shareholders would have been miniscule anyway. Combine that with an ordinary outlook for Platinum prices and the short term prospects look pretty dreary for Jubilee and the Platinum industry in general.
Assets will surely be sold off at basement prices and Platinum Australia will fade away into the history books as yet another failed penny dreadful company run into the ground by a bunch of overpaid muppets.
PLA Price at posting:
6.7¢ Sentiment: None Disclosure: Held