Platinum shares still attractive – but the big value lies with Trans Hex

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Of all those I've met in the money management business, Jan van Niekerk, CEO of RECM, is one of the most thoughtful. So having him on CNBC Africa's Power Lunch is always a treat. Today was no exception. RECM bought platinum stocks in buckets during the early stages of a run that has seen the counters rise 50% in the past year. While he wouldn't admit to still be buying, Van Niekerk did tell us RECM's fair value valuations of the platinum counters are well above current price levels. What got him excited, though, was the mention of diamond miner Trans Hex. Neglected by most, as we heard today, the stock is a stand-out for those who believe that as with shares, it's best to buy two hamburgers when the price has halved – not avoid them. – AH

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