Post by
Fierze on Sep 09, 2020 11:07am
I think GRDM has screwed up
When are these guys going to realize that they SHOULD be focusing on their very attractive nickel assets instead of suddenly jumping to another flavor-of-the-day metal like some kind of anxious daytrader?
Obviously the market agrees, since the GRDM share price is still depressed AND to top it off they have missed the bullish moves that other nickel juniors have had lately.
By messing with palladium the company has completely screwed up their status as a pure EV play, which is why I invested in the first place. Palladium is used in ICE vehicles but generally not in EVs. The LAST thing I want to do is to invest in an ICE vehicle play, a market will be dead in one or two decades.
Choose metal! Either SELL the palladium assets or SELL the nickel assets to unlock value and make yourselves investable again!
Comment by
barcows on Jan 04, 2021 10:44am
Today nicklel is $7.5 per pound, palladium is $2380 per ounce = $38,080 per pound. They believe the palladium is there and who can blame them for going for it. Not me, if they find what they believe is there its to the moon Alice and the nickel will still be there.
Comment by
HawkII on Feb 20, 2021 8:46am
I think the opposite. Smart of mgmt to press release this and unlock value. Closest comp to their nickel asset is Canada Nicekl which went from $0.25 to $4! Doesn't matter which asset you like ... the other one is free and will get revalued over time.