Why palladium when you already have nickel?This new focus from GRDM on palladium is a bit confusing to me.
I have been a shareholder for 2 years but I invested thinking that their #1 priority would be to rapidly advance the nickel/cobalt/copper assets to shovel-ready, not shift focus to palladium all of a sudden. Thanks to this decision, GRDM is no longer a pure EV play.
As the inevitable EV revolution moves on, nickel demand will go up and palladium demand will go down (due to its greater use in ICE vehicles).
Now I realize that advancing a project takes a lot of money that is harder to find in a lower nickel price environment, but Western Areas are already a strategic shareholder, and they should be able to help finance GRDM's way to Feasibility and permitting for Mayville/Makwa.
I think GRDM should divest either the nickel or palladium assets, and make themselves investable again.