Shareholders will also be aware of the recovery in the PGMs market in recent months following the dismal price levels experienced in mid-2008. Platinum recently reached levels above the US$1,700/oz level and palladium reached US$500/oz. While price levels are likely to continue in a range below these highs, demand remains robust, fuelled by exchange traded funds or ETFs.
Equity pricing, although somewhat recovered, has not yet responded fully to the metals prices and market liquidity remains tight. Ultimately, we will seek to list your company when market conditions are most conducive to realizing value, and present real opportunities for capital raising.
| Pt | $oz | 1549.00 |
| Au | $oz | 1168.30 |
| ZAR/US$ | 7.35 | |
| ZAR/€ | 9.59 | |
| R/GP£ | 11.48 | |
| JP¥/ZAR | 11.75 |
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