Rand weakness is def a tailwind for any PGM play when you're selling in dollars. Thing is VAL's still early…by @easystreet_jse on $VAL

Rand weakness is def a tailwind for any PGM play when you're selling in dollars. Thing is VAL's still early stage exploration so you're betting on them actually finding and developing something material, not like the established guys with cash flow already. Platinum cycle turning is real but execution risk here is chunky. I'm holding but keeping realistic about what this actually is.