Now for the bad news about PGMs
Yes, there could be deeper falls in store for SA’s PGM shares, with a global recession the big daddy of analysts’ worries
Arne Frandsen is hoping to bring his company’s long-awaited listing to Joburg as soon as markets permit. “We have been in this business for long enough to know that the market window opens with little notice. When that happens, Sedibelo is ready,” he says of Sedibelo Resources, a platinum group metals (PGM) producer of which he is chair.
Sedibelo operates Pilanesberg Platinum Mines near Rustenburg. It has been promising to go public for the best part of three years, but a complicated corporate structure related to its days as part of the now-defunct Pallinghurst Resources Fund prevented this from happening...
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