RE:RE:RE:RE:Soon...[The switch to Redpath Mining SA was completed in early Jan with operational and administrative changeover now well advanced. With $US27.5M cash at end-Nov, Platinum Group says it will need to source $5-15M additional funding to reach positive cash flow and maintain its existing working capital covenants.] January 23 company issued 19,693,750 common shares at a price of US$1.46 per Share, for aggregate gross proceeds of US$28,752,875. So, they have $56m to get to cash flow positive and we're about to find out.
Anything is possible, but if they are going to come back to the well anytime soon as it pertains to Maseve I say - "Houston we have a problem"
This whole sector is fraught with problems, we are not alone. [Investors are losing confidence in the world’s third-largest platinum producer as it burns through cash to stay afloat, just 15 months after raising about $400 million from shareholders. Platinum prices aren’t far from a seven-year low and Lonmin has its own set of operational problems, including higher costs and lower output at its biggest mining shaft.] Just one example.
[This year will be the sixth consecutive year of deficit, with total supply from mining and recycling predicted to fall 4% year on year in 2017] According to WPIC. Let's also not forget the above ground stockpiles are dwindling away to nothing.
There's an assumption by some of the Platinum producers that there is a supply cliff looming and that means that there is going to be a massive constraint on supply in the future, and that will affect the price substantially. Read Platinum supply cliff in sight - Implats.
Once we get a couple solid Q's here with some tailwinds in the PGM markets, which most anticipate with time, then PTM will begin to look different than today a lot different.
Continue as you will here. It is just a matter of time before the stars align and all your wishes come true.