Platina Resources Ltd
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Based in Australia
Company profile

Platina Resources Limited is an exploration and development company. The Company is engaged in the acquisition of mining tenements for mineral exploration with a focus on platinum group metals (PGM). The Company holds interest in the Skaergaard project in Greenland. The Skaergaard Project is located on the East Coast of Greenland, approximately 400 kilometers west of Iceland. The Owendale Project is approximately 80 kilometers northwest of Parkes and approximately 350 kilometers west of Sydney in central New South Wales. Its Qialivarteerpik multi-element project is located on the east coast of Greenland. The Company's Exploration License (EL2012/25) covers an area of approximately 207 square kilometers of the East Greenland Igneous province. Its Munni Munni PGM and gold project is located in the Pilbara region of Western Australia. It holds a range of tenements, such as M47/123, M47/124, M47/125, M47/126, EL7644, EL2007/01 and EL2012/25.

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UPDATE: The 'death of valuation' and what it could mean for investors going forward

10:38 am ET August 4, 2020 (MarketWatch)

By Shawn Langlois, MarketWatch

In 1967, Warren Buffett told investors that he was "out of step with present conditions," an admission that he couldn't wrap his head around the market climate at the time.

"I will not abandon a previous approach whose logic I understand (although I find it difficult to apply)," Buffett explained, "even though it may mean foregoing large, and apparently easy, profits to embrace an approach which I don't fully understand, have not practiced successfully, and which possibly could lead to substantial permanent loss of capital."

Kailish Concepts, a quant analysis firm, used those very words from the Berkshire Hathaway (BRKA) boss in a note taking a deep dive into the "death of valuation" in today's market, which can be seen by this telling chart showing the dominance of growth stocks:

"Kailash believes the idea that things are different this time to be a very old and very flawed story," the analysts wrote, adding that they believe that "much of Nasdaq's manic run is simply a wall of money chasing what was already racing higher."

Joining the likes of high-profile Wall Street names like Jeremy Grantham, David Tepper, Stanley Druckenmiller, Cliff Asness and Howard Marks, to name a few, Kailish explained that, as the chart suggests, the stock market is clearly in bubble territory.

And we've seen this play out before.

"The most expensive firms in the market today, like in August of 2000, generate no FCF, are loss-making and carry the associated negative ROEs and ROAs, and are diluting shareholders to fund operations," Kailish wrote. "With spreads between value and growth at record levels and an explosion of speculative listings through IPOs and SPACs underway, today's market environment shares numerous features with prior peaks in 2000 and 2007."

No sign of a popping bubble as stocks got a bit more expensive to start the week and held gains on Tuesday. At last check, the Dow Jones Industrial Average , Nasdaq Composite and S&P 500 were all hovering around breakeven.

-Shawn Langlois; 415-439-6400;

(END) Dow Jones Newswires

August 04, 2020 10:38 ET (14:38 GMT)

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