RE: The simple reasons eastplats is going down T. Rowe Price just declared ownership of over 10% of the shares. I doubt they just stumbled onto this stock and got all starry eyed and lost their analytical minds before they pulled the trigger at much higher prices.
From what I can see, there is still demand for platinum. There are not too many platinum mines around that are profitable in the current climate. Lonmin, Impala etc look like the house of pain as well. If that persists, how can there not be a snap back? And for how many reasons?
All of those options etc the board has given themselves? How many of those are in the money? Do they really give the board the ability to fleece the company unless the company's fortunes are much improved? Do those options not give the board incentive to build shareholder value?
It seems fundamentally flawed that these metals will continue to be this poorly valued given all the fundamental drivers of PGM production and demand. PGMs are needed and desired and they will shine again. This is a real company with real value and assets. It is just unloved right now.