Finweek English Edition - - INVESTMENT -


BUY The prime broking trad­ing desk has rec­om­mended a po­ten­tial “pairs” trade go­ing long plat­inum pro­ducer Northam and sell­ing Lon­min. GT247 told trad­ing clients: “Lon­min has ral­lied well from be­ing a largely bombed out share as a con­se­quence of Marikana and sub­se­quent events. The share is now con­sid­er­ably di­luted from rights is­sues. Northam re­cently achieved fair re­sults – and re­mains some­what of a more geared play on the plat­inum price (but notably still may also have a rights is­sue later in the fi­nan­cial year). Northam of­ten func­tions as a key leader on the plat­inum mar­ket.”

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