It would be "all systems go" for the JSE-listing of junior platinum-group metals (PGMs) and gold explorer, Platfields, once the market recovered, CEO Bongani Mbindwane said.
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Emerging precious metals junior Platfields is putting on a brave face ahead of its planned JSE listing. It insists that now is the right time.
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Platfields would proceed with R450 million worth of share sales by the year-end even as the price of platinum slumped, it said yesterday.
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Junior platinum-group metals (PGMs) and gold explorer Platfields CEO Bongani Mbindwane on Thursday said it still planned to make its debut on the JSE in the last quarter of this year, and that the company also wanted to list on the TSX at some point.
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Platfields plans to list on the JSE in the fourth quarter of 2008 and it is in talks with Canadian authorities about a secondary listing there, CEO Bongani Mbindwane said on Thursday.
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Emerging precious metals exploration and mining company Platfields Limited said today (11.09.08) that it plans to list on the Main Board of the JSE Limited before the end 2008, subject to prevailing market conditions and regulatory and other approvals.
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South African miner Platfields hopes to raise R200-million for exploration and near-surface mining when it lists in Johannesburg this October, the company said on Thursday.
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A competent person’s report (CPR) has reportedly sparked investor interest in empowered precious metals explorer Platfields - but CEO Bongani Mbindwane is remaining tight-lipped on new CPR-induced developments until next month's annual general meeting (AGM).
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Bongani Mbindwane
Chief Executive
E-mail: bongani@platfields.co.za
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