shasta
22-11-2010, 08:11 PM
No thread on this stock, but i have mentioned it before!
Only 85m shares on issue, Market Cap @ $0.44 = $37.6m (undillluted)
Plus 15m listed options, strike price $0.35 Feb 2011 - last quote $0.085
Cash on hand = ~$A1.9m (options likely to add $5m in Feb 2011)
Mgmt owns approx 5%, & top 20 holders own 64%*
* Panther Palladium LLC = 20.00%
Cairnglen Investments Pty Ltd = 12.49%
Has 2 advanced projects (Gold & PGM's) @ scoping study/pre feasibility
World class mineral resource:
10.4m/oz Gold
30.7m/oz Palladium
2.8m/oz Platinum
76,000/oz Rhodium
Planned TSX listing in 2011
I'll let the recent presentation lay out the rest of the story...
http://www.asx.com.au/asxpdf/20101122/pdf/31v1hm377vfnfm.pdf
Broker valuation range $A0.52 - $A3.43!**
http://www.platinaresources.com.au/files/presentations/ARROWHEADBID_report_-_28May10.pdf
Alot of background info to highlight the variations in valuation, which shows the potential, with capex not overly expensive @ $US166m
** Assumes no dillution & only 85m shares, so is a bit misleading, but plenty of upside!
Disc: Nil held
Only 85m shares on issue, Market Cap @ $0.44 = $37.6m (undillluted)
Plus 15m listed options, strike price $0.35 Feb 2011 - last quote $0.085
Cash on hand = ~$A1.9m (options likely to add $5m in Feb 2011)
Mgmt owns approx 5%, & top 20 holders own 64%*
* Panther Palladium LLC = 20.00%
Cairnglen Investments Pty Ltd = 12.49%
Has 2 advanced projects (Gold & PGM's) @ scoping study/pre feasibility
World class mineral resource:
10.4m/oz Gold
30.7m/oz Palladium
2.8m/oz Platinum
76,000/oz Rhodium
Planned TSX listing in 2011
I'll let the recent presentation lay out the rest of the story...
http://www.asx.com.au/asxpdf/20101122/pdf/31v1hm377vfnfm.pdf
Broker valuation range $A0.52 - $A3.43!**
http://www.platinaresources.com.au/files/presentations/ARROWHEADBID_report_-_28May10.pdf
Alot of background info to highlight the variations in valuation, which shows the potential, with capex not overly expensive @ $US166m
** Assumes no dillution & only 85m shares, so is a bit misleading, but plenty of upside!
Disc: Nil held