It's falling because the industrial 'demand' is being controlled from China, along with many other things being controlled from China. Not much in the way of options other than to expect it to rise again, hopefully soon.
The Platinum price has been falling since July from 1500 to currently 1333. Hopefully it will stop at 1300, otherwise it’s in free fall & will continue down. All the company can do is to increase production & sales to try & maintain the sp. The Pro’s might be manipulating the price down before an end of year rally, time will tell.
There are a number of factors which make this a good buy in my opinion. Stable workforce, Board investing in the companies future, books tidied up with the last share issue, inching closer to profit, improved production. I believe the next set of figures will reveal considerably more about the direction of the company in terms of profitability... having said that would prefer the platinum prices to be closer to if not over $1500. I'll be checking back around mid October to see what the markets think the figures will be like. As for £'s rather than pence... I personally believe we will be heading in the right direction.
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