I took a small position on this. For one SBK, has a new update on this share with a target of R13. Now, I'm not one for targets recommended by SBK, but this thing is trading 50% below that target. That is a huge gap for a company that seems to be doing things right in a troubled pgm metals market. Everytime a tier 1 company run into major problems, the Tier 2 shares gets punished. I'm starting to believe that, that punishment is starting to present some opportunities too good to pass. omo
But it seems there is no fundatmental evidence to support the uptrend on this sector. Based on the latest SA mining news, especially on platium, it does not seem to look good. Feels like it is either getting worse, or it has not got better yet. If everyone bases on the fact that the share went down 50%, therefore it is a discount, the price wouldn't be trading at this current level. There is probably more easy money to get than buying an uncertain downtrend stock.