been digging into the restructure docs from 2021, and honestly the NPH listing was messy but necessary, the…by @thuli_dd on $NHM

been digging into the restructure docs from 2021, and honestly the NPH listing was messy but necessary, they needed to clean up the holding structure. issue is platinum has been volatile as hell and the rand weakness cuts both ways for them, rand down helps export margins but capex gets more expensive. at these levels near R300 you're basically betting on either a sustained commodity bounce or them actually executing on cost discipline in the next two reports, which they haven't been great at historically.