Price of Plat on the up, strikes over, stockpiles must be low, employee relations / wages on even footing, low debt... a raft of good to positive news, yet we stick within +/- 15% of this price. Roll on the 26th July ( mostly as I am off on holiday ) as we will get some figures to mull over. Any estimations out there?
Testing my nerves, but all the indications are that increasing demands for plat (as China booms), set against strikes and supply availability, should still see us shifting profitable-ounces, this inspite of increased wages for miners. All a bit tenuous but there's no point churning out plat to stockpiles and lower market prices - strikes were good for us in a way, long may they continue, just to force up the basket price-per-oz. I'd check back in July 2015 & hope to see over 80p, but it's China who are going to be the industrial force which consumes Plat, I wouldn't wait on a European-recovery... ha ha.
The apt words applicable to investing in the Aim market are to have patience while experiencing frustration in shares performance value.. While generally most shareholders are impatient in hope of seeing the share value move on up. 28 p looks good to me by July too. If not instead I will be focusing on the World cup football tournament Spain 1 Holland 5, last night an amazing game.
Looking good for 28.00 as the 1st step up.........However, it is like waiting for oil paint to dry....painfully slow.............weeks and weeks..........no head wind other than the delaying tactics to frustrate the impatient.
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