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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
Post by Duniteon Dec 18, 2016 3:37pm
276 Views
Post# 25616676

PLG.....

PLG.....I do not see this company surviving. It seems that with the BEE groups demanding 60% of the management and 50% of the board, Jones and the rest of the group just threw their hands up-let us walk away. That is the reason I sold all my shares for a tax loss-the SA government interference. This company is scary at best-You never hear any news from Jones and managment....It is NO Ivanhoe with Robert Freidland at is head and a good deal maker with the Government involved with there at his mine.....Would I ever buy back in? Maybe, if some one besides Jones is in charge.....
Bullboard Posts