Platinum Group Metals Ltd T.PTM

Alternate Symbol(s): PLG

Metals & Mining Industrial Metals & Minerals

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.

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Platinum Group Metals Ltd

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Comment by JohnRBon Dec 10, 2013 8:10am

127 Views

Post# 21988808

RE:RE:RE:RE:RE:RE:Bob, what are your thoughts on this deal?

This might be coincidence, but there is another site I read, 5iresearch, and someone posed a question about a block that traded. And suggested that the cross was done at the 200 day MA. The stock was LSI and the trade was at about 3.20. I notice the bought deal here was also done at the 200 day MA. Again, likely a coincidence, but I thought interesting.

I would think this deal is a positive for the co. It's difficult to get financing these days for miners, apparently, so to get this amount that covers everything is great. And if I was spending 175 million, I sure wouldn't want to be paying a premium.

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