Platfields Limited Platfields is a South African precious metals exploration company founded in 2002, which is currently unlisted and 37% black-owned. It has two platinum group metals exploration projects on the eastern limb of the Bushveld Complex, and one gold exploration project in the Transvaal Drakensberg gold field of Mpumalanga Province. It has developed its infrastructure since 2002 and after extensive geology reports by one of the world's most well known and respected geologists, Joshua Hattingh, it is on track with its scheduled listing on the Johannesburg Stock Exchange. The directorship of Platfields is also looking at the future option of listing on the Toronto Stock Exchange. With two near-surface platinum group metals (PGM) exploration projects, Berg and Leeuwkop, on the Eastern Limb of the Bushveld Complex, and a near-surface gold exploration project, Grootfonteinberg in the Transvaal Drakensberg gold field of Mpumalanga Province. KEY SALIENT FEATURES REGARDING PLATFIELDS The said mine is situated over a region of approximately 6000 hectares; 300 of which are near surface mining in the Bushveld region where the world's largest concentration of Platinum is found. The said mine, shares reefs with other major Platinum producers such as Impala Platinum, Anglo Platinum and Northam. Northam, one of the closest comparative mines listed on the JSE at approximately R2.8, has traded in the region of R20 to R50. The cost structure of Platfields is far better than Northam as Platfields does not have to sink shafts to the same levels as Northam. The grade of platinum within the Platfields region is also exceptionally high ranging from 2.5 to 23 grams per ton. Joshua Hattingh one of the directors is one of the world's most well respected geologists and he has confirmed the quality and future potential of the mine. Major local and overseas investors (Swiss Banking groups) have substantially improved the company's cash flow situation and the company is far more liquid than some of its competitors. Despite the depressed Platinum price all major economists confirm that the demand of Platinum is on a constant rise especially from Eastern markets as the demand for autocatalytic converters is on the rise. Eastern sectors are stockpiling Platinum at these low levels as they are aware of the future potential of the Platinum price. This combined with a weak Rand will increase the profitability of Platinum producers as they will also benefit from their foreign currency earnings. A listing therefore, at these low Platinum levels will benefit all investors as the price of the share will steadily rise with the increased demand for Platinum and the rise of the Platinum price itself. Platfields has also been approached by large Platinum mining companies for joint venture operations. If this materialises it in itself will improve Platfields stature in the market place and platinum industry.
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http://www.platfields.co.za
Headline News
At the AGM held on the 20th of March 2009 the Directorship announced that Platfield’s listing was immanent and that the JSE was in the final stages of approving all listing submissions. Platfields has submitted its prelisting statement to the JSE for approval and is also in the process of submitting its 2009 financial statements to the JSE as part of the final process prior to listing. Such 2009 financials clearly depict the company’s strong financial and liquid position which is indicative in the fact that Platfields already boasts a market capitalisation of over R1.5 billion at this stage, prior to listing with over 500 million shares in issue. As commodity prices are rising with Platinum above $1100 and Gold nearing the $1000 mark, existing shareholders are confident of a positive listing which is moments away from reality.
As the rest of the world’s economies are in crisis intelligent investors are shifting away from the financial sectors and are investing in commodities such as Gold and Platinum which have always stood the test of time in comparison to printed money.
Click URL to view video of Bongani Mbindwane the proud CEO of Platfields -
http://www.summit.co.za/video/face2face/20090312.html
Should you require any other information do not hesitate contacting me.
We are offering Platfields shares to our clients at the following price levels:
Capital invested :
R3200 - Price R3.20 per share R3201 - R5999 - Price R2.90 per share R6000 upwards - Price R2.60 per share
For further exciting news on Platfields visit these sites:
http://www.businessday.co.za/articles/topstories.aspx?ID=BD4A958454
http://www.bloomberg.com/apps/news?pid=newsarchive&sid=a5PxaNb6IYRM
http://www.reuters.com/article/rbssIndustryMaterialsUtilitiesNews/idUSLC34195620090312
Keep up to date on the latest investment news by visiting our websites and investor discussion forums as set out below:
http://www.platfields.net/redirect/default.aspx
http://www.investcare.co.za
http://www.investcare.co.za/forum/index.php
http://www.amathubaza.com
Contact: Mark Tel: +27 21 553 0060 Mobile: +27 74 116 5213 mailto:markjw@vodamail.co.za Alternate Email:mjw0710@hotmail.com Website: http://www.freewebs.com/makeafortune/investmentsonline.htm Makeafortune (Cape Town, South Africa) 2-774-116-5213 Visit website
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