PLA 0.00% 6.7¢ platinum australia limited

please help, page-10

  1. 596 Posts.
    Luckysmile, much as one would like to have some definite news, the fact of the matter is that PLA is in the doldrums.

    I can't see that the Company will have any cash left. I expect that any capital assets will be in lien to Macquarie and/or the administrators. I would suggest that they have buckleys of unloading those assets in the current environment for platinum: even if they do sell I can't see that there will be any value left in the shares we hold.

    In other words forget it!
 
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Currently unlisted public company.

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