That is the problem with Pallinghurst, and the reason I am not investing further (although I do own shares). They have 1 near term platinum project with good potential - but continued delays in production, they have 1 diamond mine which is underperforming like the industry in general, they have a managanese mine which is a loooonnnnggg way a way from producing anything - plus mining tax issues in Australia (which is starting to look less likely now) and lastly, they own Faberge, which is not publically traded, and can really have any idea about its worth. When the results come out, maybe we will get a bit more clarity on the value of Faberge, otherwise PGL is a pure strategic play (which, incidentally, is also at a bit of risk, because hte Ba*****eng tribe are starting to throw curve balls at PGL's consolidation strategy)
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