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Platinum Group Metals Ltd. Message Board

the_original_redrum 2 posts  |  Last Activity: Feb 26, 2015 10:04 PM Member since: Jul 7, 2000
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  • the_original_redrum the_original_redrum Feb 26, 2015 10:04 PM Flag

    The platinum is what produces the money to pay back the loan + interest. In my case I'm looking for a nice return on the shares I've averaged down on over time and looking for a true bottom. Hard to pick when production schedules get pushed out and more financing is needed. I get that. Timing is absolutely everything.

    Sentiment: Hold

  • the_original_redrum the_original_redrum Feb 26, 2015 4:09 PM Flag

    This is a long term play. They have to build the mine before they can extract the platinum. They have to have people and workers on their side for the most favorable outcome including government. Surprised people are complaining at this point in the process. It takes a lot of money to build a safe well run mine. Even Carnegie ran out of money and had to get extra financing to finish his first bridge across the Mississippi. I'm hoping these guys prove their worth once we start producing. And during a building/financing time you have dilution in stock. No surprises here.

    Sentiment: Hold

PLG
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