Stock data
| Market cap. | A$64.4m |
| Last close | A$0.12 |
| High / Low (52 weeks) | A$0.3 / A$0.1 |
| Stock market listing | ASX |
| Forecast net cash (A$m) | 1.5 |
| Forecast gearing ratio (%) | N/A |
| Team | Resources - Mining |
| Sector | Mining |
Price performance
| % | 1m | 3m | 12m |
|---|---|---|---|
| Actual | (23.333) | (53.061) | (61.667) |
| Relative * | (20.281) | (52.588) | (57.033) |
* % Relative to local index
Other companies covered in sector
| Y/E Jun | Revenue (A$m) | EBITDA (A$m) | PBT (A$m) | EPS (c) | P/E (x) | P/CF (x) |
|---|---|---|---|---|---|---|
| 2010A | 0.6 | (9.4) | (9.4) | (1.7) | N/A | N/A |
| 2011A | 0.0 | (5.9) | (5.8) | 0.1 | 120.0 | N/A |
| 2012E | 0.0 | (4.3) | (4.2) | (0.7) | N/A | N/A |
| 2013E | 191.7 | 63.2 | 63.3 | 7.2 | 1.7 | 1.0 |
Last updated on 29/03/2012
Latest research
Xstrata weighs up options
Update | Mining | 15/10/2010
Cosying up with Xstrata
Outlook | Mining | 11/05/2010
Xstrata decision is key
Review | Mining | 07/09/2009
Making good progress
Update | Mining | 05/03/2009
Unlocking value
Outlook | Mining | 18/11/2008
Investment summary
Nkwe Platinum confirmed last July that it has been in talks with several parties over the joint development of one or more of its farms. According to the company, these discussions have been positive and constructive, but have not yet led to any definite outcome. At this stage, no details are available about the potential counterparties or the subject of the negotiations. At the same time, the company has delayed releasing the optimised BFS study for the Garatau project, which we believe was mainly due to the ongoing joint venture negotiations. More recently, trading in the company's shares has been suspended, which could potential highlight a near-term resolution of the negotiations. The company guides more clarity on the issue in January.
Last updated on 29/03/2012
Industry outlook
PGM prices appear to be fairly resilient to the financial market turmoil providing some support to PGM equities. In the long run, rising costs and strong rand represent the major risk to PGM producers.
Last updated on 29/03/2012
Key management
| Maredi Mphahlele, MD |
Company address
| Suite 101 Waterkloof Gardens 270 Main Street Brooklyn Pretoria South Africa +27 01 2460 8499 View website |
