[miningmx.com] – SHARES in Wesizwe Platinum gained 40% in the last 10 days, a turnaround that the platinum firm’s CEO, Paul Smith, told BDLive was connected to a number of factors including having raised funding for its Bakubung mine.
BDLive said the share price turnaround was a result of an agreement between Wesizwe’s local communities in the Bakubung area of South Africa’s North West province, a deal brokered by the province’s standing committee on public accounts (Scopa).
Smith said this would be positive, but added: “”We have put a lot of effort into communicating with the Bakubung community through the existing leadership.
“I think what is happening is that our message is finally coming home to investors.
Wesizwe is also extremely well placed to benefit from the increase in the platinum price that will result from the current strike action, which is reducing above-ground stocks of the metal.”
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