OTCPK:PALDF - Post by User
Comment by
Wellandon Apr 20, 2014 1:39pm
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Post# 22470561
RE:Non Russian Source for Palladium should be strategic
RE:Non Russian Source for Palladium should be strategicyeast wrote: I would think that with the importance of palladium for industry that there would be a strategic plan to prop this stock up. With the Ukranie issue and Russia having about 70% of the world reserves of palladium, I am surpised it hasn't jump up futher. Many Chemical processes use Palladium as key part of their processes and every auto with a catalytic converter has palladium. Many important electroplating processes for electronics need Palladium also.
This stock was trading in the USD$7+ range in 2011. I cannot see it langusihing down here..perhaps some resource company might consider it ...there would seem to be a long view here. There are some things beyond financials to consider short term.
TO Yeast
Do you have any explanation for the drop of PDL since your March 13 post ?
In my opinion, the situation in Ukraine is more heated now and the risk of shortage of Pd is much greater.