OTCPK:PALDF - Post by User
Comment by
invest234on Aug 23, 2019 4:34pm
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Post# 30060318
RE:Nornickel
RE:Nornickelthat presentation on page 29 shows norilsk pd sales increased by only 1% in h1.
when pd plunged $100 there were articles saying norilsk pd production increased by 10% in h1. that sounds like the media reported the more negative number on purpose to plunge the pd price.
according to norilsk, q2 pd production actually dropped 1% from q1.
https://www.nornickel.com/upload/iblock/611/Production_Report_1H_2019-_ENG_full.pdf
instead of reporting a 1% drop in production q to q, the media reported a 10% increase in production h1 to h1. that kind of selective reporting looks like manipulation and it worked dropping pd by $100.
the production report says The increase of PGM output was due to a release of accumulated work-in-progress inventory at Krasnoyarsk Precious Metals Refinery. they released it to fill the deficit gap. without that release, h1 production would not have increased by 10%.