PLA 0.00% 6.7¢ platinum australia limited

Hi Gus.No I remain a non holder, made good short term money on...

  1. 17,783 Posts.
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    Hi Gus.

    No I remain a non holder, made good short term money on the rampant run to 0.19.

    But not interested in placing any long term money in this one.

    Why?

    1. General market conditions (All Ords) has been pathetic, so any company that disappoints will get smacked.

    2. Sth Africa is no longer a place where I will risk my money (although Australia is starting to move towards my top 3 places not to invest in).

    3. Management have not delivered on any production number since they became a producer, so it would be best to wait for the fact.

    4. If the fact does get delivered it will only trigger the hedge funds to sell into.

    61.8% = $0.11, two consecutives days the close has been below that. I wish everyone the very best of luck with this one, imo they will break $0.10 and that will be the so called tree shake. I think a few leaves will fall.

 
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