Platinum Group reports Q1 EPS 0c, consensus (1c) As a result of the successful equity financing closed on December 31, 2013, the company plans to re-establish a full construction pace at Project 1. Prior to January 2014 the company had withheld the execution of significant new contracts for Project 1 pending the completion of additional debt or equity financing. Also as a result of the equity financing closed on December 31, 2013, the company has allocated a 2014 budget for the Waterberg JV Project and Waterberg Extension Project of approximately $15M.
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