· 16,256 4E PGM ounces produced in Q3;

· SDO PGM plant recoveries improved 3% to 48%;

· Gross basket price increased 15% to $1,383/ounce quarter-on-quarter;

· Net revenue increased 23% to $18.3 million;

· Group EBITDA improved 55% to $8.2 million in Q3;

· Group net profit up 33% to $5.0 million for the quarter; and

· Cash balance increased 17% from $20.2 million to $23.7 million.

The error in calculating Altman Z score (see my previous post and discussion) will impact on the Stockrank which is 94 anyway. Share Price has increased 100% since January and there is more to come. Platinum group metals prices are up and there is a nice cash buffer in the bank.

Could it be a Minervini type stock?

Unlock the rest of this article with a 14 day trial

Unlock with Email
Unlock with Google

Already have an account?
Login here