Join today and have your say! It’s FREE!

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Please Try Again
{{ error }}
By providing my email, I consent to receiving investment related electronic messages from Stockhouse.

or

Sign In

Please Try Again
{{ error }}
Password Hint : {{passwordHint}}
Forgot Password?

or

Please Try Again {{ error }}

Send my password

SUCCESS
An email was sent with password retrieval instructions. Please go to the link in the email message to retrieve your password.

Become a member today, It's free!

We will not release or resell your information to third parties without your permission.
Quote  |  Bullboard  |  News  |  Opinion  |  Profile  |  Peers  |  Filings  |  Financials  |  Options  |  Price History  |  Ratios  |  Ownership  |  Insiders  |  Valuation

Platinum Group Metals Ltd T.PTM

Alternate Symbol(s):  PLG

Platinum Group Metals Ltd. is a Canada-based platinum and palladium focused exploration and development company. The Company is the operator of the Waterberg Project, a bulk underground palladium and platinum deposit located in South Africa. The Waterberg Project is located on the Northern Limb of the Bushveld Igneous Complex, approximately 85 kilometers (km) north of the town of Mokopane. The Waterberg Project covers an area of approximately 29,161 hectares (ha) consisting of the Waterberg Mining Right, one active prospecting right, and one application for the incorporation of two adjacent farms into the Waterberg Mining Right. Of the total project area, 20,482 ha are covered by the Waterberg Mining Right. Waterberg is a joint venture between the Company, Impala Platinum Holdings Ltd., HJ Platinum, which consists of JOGMEC (Japan Oil, Gas and Metals National Corporation) and Hanwa Co. and Black Economic Empowerment (BEE) partner Mnombo Wethu Consultants (Pty) Ltd.


TSX:PTM - Post by User

Bullboard Posts
Comment by tommygavinon May 04, 2008 11:22pm
171 Views
Post# 15037084

RE: weakness

RE: weaknessWell there is the sell in may and go away thoery,meaning shares of most companies go down over the hot summer months-in most years.Also the price of platinum has gone down. Extra expenses and engineering with the proposed mine,general market weakness,people look at the chart,its headind south,so you might figure sell now,buy back in a month or two and make a little cash.Also other stocks are having there margins eliminated or reduced,so you must sell something to cover,not just the concerned stock.And mayby just investor fatigue,some like to trade,sell and buy something with a little more beta.Lastly,poltical risk,South Africa is not Equador or Venezuala,but there are letter writers,Paul Van Eeden-who is from South Africa,who believes the Political risk is too great to risk his money,as many others who are nervous about South Africa and Africa in general.For the record,I hold alot of PTM and will buy more as conditions permit.
Bullboard Posts