micky mouse, page-3

Abysmal by what standards? The company have been saying for months that they were looking to break even at Smokey Hills during the June quarter and the last announcement showed that they were on track to meeting that target. I thought it was a reasonably positive announcement.

I also noted the lack of strike action when other platinum producers in South Africa have been hit with them, which is a positive signal for the move to an owner operator model.

Last time I checked a key strategy in trading growth stocks is to get on board when you can see bright things on the horizon while the stock price is depressed, have a little patience, then reap the benefits when they materialise and all the johnny-come-latelies try to get in on the action. To me the 10c mark seems to be a good place to buy in. If there's a progress update in the next month or two that shows production exceeding targets then the share price could retest the 19-20c mark.

As with all stocks there's some risk, so make your own judgement call.