Just buy the stock because Q4 and Q 1 will be strong quarters... With the restructuring in place they are the best kept secret in the SA Bushveld...honestly they are beneficiaries of all the labor commotion with Anglo, Lonmin and Impala...they are in a tremendous relative position to all the others and while the market may have broadbrushed them they are quietly taking metal out of the ground and as an exporter the ZAR(Rand) weakness serves as a wind at their back My work shows that at .48 it is trading at 1/3 of fair market value...the numbers are their now and their balance sheet has been favorably recapitalized.
Justin Froneman of Standard Bank raised target to 775 ZAR which equals .70 cents. Says it is very conservative and that ATL has the most upside leverage in his universe. Very encouraging report on recovery in the industry from 2015 forward..
Google Justin Froneman Standard Bank... This guy has a pedigree in the PGM space
ANGLO AMERICAN PLATINUM TO SUBSCRIBE FOR 125 MILLION COMMON SHARES IN ATLATSA FOR ZAR 750 MILLION (US$ 70 MILLION)
JOHANNESBURG, Jan. 16, 2014 /PRNewswire/ - Atlatsa Resources Corporation ("Atlatsa") (TSXV: ATL; NYSE MKT: ATL; JSE:ATL) is pleased to announce that it has commenced with implementation of the final stage of its group restructure plan, previously announced on 27 March, 2013 ("Restructure Plan").
The final phase of the Restructure Plan comprises a series of transactions between Atlatsa and Anglo American Platinum Ltd's wholly owned subsidiary, Rustenberg Platinum Mines Ltd ("Anglo American Platinum"), resulting in Anglo American Platinum subscribing for 125 million new common shares in Atlatsa for an aggregate subscription price of ZAR 750 million (US$ 70 million).
In terms of the Restructure Plan, the proceeds from the equity financing will be utilized by Atlatsa to further reduce its balance sheet debt and, consequently, reduce its cost of borrowing.
Atlatsa anticipates that its Restructure Plan will be fully completed by early February 2014.