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Platinum Group Metals Ltd. (Canada) T.PTM

Alternate Symbol(s):  PLG

Platinum Group Metals Ltd. is the operator of the Waterberg Project, a bulk underground PGM deposit located in South Africa. Platinum Group is listed on the NYSE American Exchange (PLG) and the Toronto Stock Exchange (PTM). Waterberg was discovered by Platinum Group and is being jointly developed with Implats, the Japan Oil Gas and Metals National Corporation (JOGMEC) and Hanwa Co. Ltd. Waterberg has the potential to be a large-scale, low-cost producer of palladium, platinum, rhodium and gold.


TSX:PTM - Post by User

Post by thinker1951on Oct 03, 2010 10:05pm
473 Views
Post# 17523862

Bought Deal

Bought DealSeems ok to me imho. I was like many hoping for an outright sale but worse things could have happened. We now  have  the ability to complete our transaction with Weize which is positive. Also the price of $2.05 would have looked good a month ago when perhaps this deal would have been in the process.Yes you can call it dilution but we dont have to worry about loan payments a year or such.Eager Investors have supplied that cash for equity. It has held up well and closed at $2.28. Some people headed for the exits but others took their place. I expect it to rebound and possible continue to rise if gold and platinium keep rising. We will see this week........
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