Market Wrap - Stock pick — Impala Platinum
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Andile Buthelezi from Sentio Capital chose Impala Platinum as his stock pick of the day.
"I'm going with Impala Platinum, I think similar to all the other pgm miners this company is generating a lot of cash right now. The pgm basket price has proven to be rather resilient right to this crisis, especially if you look at what palladium and rhodium prices have done. Impala Platinum has a strong balance sheet, they actually find themselves in a make cash position which is not a bad place to be in this uncertain time. More importantly I think they've committed to paying out a lot of that cash to their shareholders.'
"I'm going with Impala Platinum, I think similar to all the other pgm miners this company is generating a lot of cash right now. The pgm basket price has proven to be rather resilient right to this crisis, especially if you look at what palladium and rhodium prices have done. Impala Platinum has a strong balance sheet, they actually find themselves in a make cash position which is not a bad place to be in this uncertain time. More importantly I think they've committed to paying out a lot of that cash to their shareholders.'
