nah the conversion rate should be base on asset value that what...

nah the conversion rate should be base on asset value that what valuation process are for. Anything less PLA shareholder would be better off with an outright auction of assets. With Platinum prices recovering, I don't find it difficult to find buyers for already ready to operate mine and processing plant

In current market if will cost JBL more to build the plant left alone build a mine. And here the time to market and quick cash flow that will make JBL attractive to investors not the name.

I don't believe Macquaries will be stupid enough to convert debt to equity to get hit by rubbish conversion rate.