RE:RE:RE:RE:RE:A quick read for those interestedTickerTwit posted:
"Shareholders look for return ON their money, not return OF their money! An important distinction."
With most stocks, I might agree with this distinction. I see PTM as a different animal. Before a positive ROI can be reached, a share price has to be at least what it was bought for. Pretty much every PTM shareholder is significantly underwater.
I believe that is an important distinction in for this stock, as I suspect there are quite a few PTM/PLG shareholders, who have become disillusioned with the PGM sector, and/or South African investments, at this point. Many would be happy to have their investment back at cost. I would not be surprised to see resistance at mid-50's and low-70's (USD), for this reason, assuming that volume begins to increase enough to support sizable sales.
Having said that, I'm not disillusioned with either the sector, or the the stock. I even added 10% to my position, this week, on the gamble that PTM might surprise by getting production up and running for WBJV prior to Q4, and the gamble that China's growth won't turn out as bad as current headline fears. If/when the tides changes for the better, I will likely trim some of the "gamble" portion of my holdings, long before looking for a positive ROI on my "investment" portion.