$JSERBP - Royal Bafokeng Platinum: Royalty Indeed
Royal Bafokeng Platinum is currently under intense pursuit by its peers, Impala Platinum and Northam Platinum.
The fundamental business case speaks for itself and it is no surprise why this is a highly prized asset.
Since listing in November 2010, the share had a horrid nine years until the post-covid-19 commodity boom triggered a new lease of life for the company and its share price.
My preferred wave count suggests that RBP has peaked at R189,12 having gone through a clear five wave advance from the June 2018 all time low of R14,09.
Buying the share now should weigh more on the fundamental buy-out play rather than a technical outlook hence I have a neutral stance on the share at current levels.
The fundamental business case speaks for itself and it is no surprise why this is a highly prized asset.
Since listing in November 2010, the share had a horrid nine years until the post-covid-19 commodity boom triggered a new lease of life for the company and its share price.
My preferred wave count suggests that RBP has peaked at R189,12 having gone through a clear five wave advance from the June 2018 all time low of R14,09.
Buying the share now should weigh more on the fundamental buy-out play rather than a technical outlook hence I have a neutral stance on the share at current levels.
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