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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 gruntov1on Oct 07, 2016 5:13pm
145 Views
Post# 25324384

RE:RE:RE:Thoughts?

RE:RE:RE:Thoughts?Let me take a shot.

Blackrock is a mutual fund company, among other things.

As such, they own securities in various companies, such as PTM, in various funds that they manage.

Their individual mutual funds go up and down in value, based on the specific securities that each particular fund owns.

This particular fund, Blackrock Capital Structure Investment Fund, finished in 20th place for the worst performance through 9 months of 2016.

It is a fixed income hedge fund. As such, I doubt it has any holdings in PTM.

The article was a little nebulous I think.

Odey has the worst performance of any fund through 9 months, according to the article. Odey had a lot of gold, and possibly other precious metals in their portfolio. IF Odey had a forced redemption, that would certainly impact the market, as they have  about $8.9 B assets under management. I couldn't ascertain whether they hold any PTM or not.

I think that the only relationship between Odey and Blackrock is that they both appear on the same list, and are not necesarily otherwise interrelated.

Whatever securities that Odey might liquidate, would be independent of any securities that Blackrock might liquidate.

Hope this helps.
Bullboard Posts