This stock is back to where it was in 2005... I am assuming that, as a nickel and platinum processor, it's driven to a large extent by the price of platinum, which has suffered a massive over-correction. Platinum spiked to all-time highs after an electricity crisis in South Africa raised supply fears but has since collapsed (mainly because a slowdown in car sales in North America and Europe has cut demand for platinum-based autocatalysts)..
So, was the share price appreciation of this business up until a year ago all just resource madness? Or does the company have a future?
