GREY:LRTNF - Post by User
Comment by
Zenibaon Apr 14, 2022 3:11pm
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Post# 34604826
RE:At this point there is not much more to go
RE:At this point there is not much more to goMaybe... although every ask needs a bid... who is gobbling up all the bids on the way down... is it really all stupid retail and algos? I'm not sold on this being totally dead yet... but it is close! If I were Sprott or Agnico... I'd be waiting for bone dry prices before offering to step in to help. No sense in fighting momentum, let the chips fall and then see what kind of deal they craft. BTW... this is not their first rodeo in miner disasters. I'm ready with my popcorn though. Might even do something crazy like buy another 40k in shares... sometimes you hit it big in roulette.
All miners are having a hard time catching a bid... capital markets are hard for miners right now: cost going up, ESG, labor issues, supply iddues, trendier markets... most miners are stagnant right now. This does not bode well for PGM given it's current circumstances.