I've held these for a while now and ridden the downward spiral. I am a little concerned about the stagnation of the share price against an increase in the cost of platinum. By my calculations a $ 60 - 70 USD per ounce increase in the price of plat against their production of 333,000 per annum works out to be approx another $ 20m profit ( assuming cost inc stay in business of $ 950.00 per ounce ) - or about another 7% of the current valuation. Please can anyone offer some explanation? Si
....now challenging the $1,230 level, pound has gone down and this still at under 15p a share (or @ 0.22 cents), Rand down against the dollar by @ 30% over the last two years - this has potential to rocket now that the debt issues are sorted - DYOR.
A contributary factor could be that most cars being scrapped today have catalytic converters and there is a large amount of money being made in platinum "recovery" which must be cheaper than mined platinum otherwise these businesses could not exist. I believe that virtually everywhere platinum is used , it is not "lost" forever , but is to a great extent recoverable . Same applies to gold (I would think) and most precious metals or even any metal come to that.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.