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Atlatsa Resources Corporation Message Board

  • al_greene45 al_greene45 May 8, 2014 2:30 PM Flag

    ATL moving up on earnings release and week and SA election results

    I called the company...The fundamentals appear to be very strong. Although they are not on strike the general strike with the Big 3 producers is rumored to be in a wind down phase and it appears the producers have won.
    It is widely anticipated that this may lead to section 189 dismissals at AMCU mines in Rustenburg on the Western Limb.. Bokoni is situated in the Eastern Limb of the Bushveld complex... All the platinum stocks could rally soon when strike ends especially if there are supply cuts via mine shaft closures.. The NPV(net present value) of ATL is currently $1.00 US according to Standard Bank. Bokoni is a long lived asset with a 95 year mine life. See the presentation on their website. Three new directors were appointed this week
    The pundits are now predicting that due to the strike and the associated wind down of above ground inventories that Platinum and palladium prices are now ripe for a significant spike later this year. In fact many are now predicting $1700- to $1800 on platinum up from current price of $1430.. That could move ATL towards $2.00 as they have huge upside leverage to the Rand denominated Basket price in their business model. This basket price has been depressed for a long time and now things are on the cusp courtesy of this strike to now go in ATL and other producers direction. This bodes well for ATL considering their favorable restructuring that has been recently completed at the end of January.

 
ATL
0.1822-0.0077(-4.05%)Dec 24 1:00 PMEST

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