Platinum and Palladium are running now - up 25-30% since TH. That's big operational cash flow leverage for a miner with own concentrator like PLA. PLA would be flying along now if not for the "costly dispute" with contractor debts not properly declared to ASX and operational screw-ups that pushed it into Admin.
Strange that the key terms of the proposed merger that must have been agreed in the Heads of Agreement such as share swap ratios have not been made public. It's a bit smelly...
PLA Price at posting:
6.7¢ Sentiment: None Disclosure: Held