RE:RE:RE:RE:RE:RE:............52 Week Low..........@$%$&^%$%u_.....!!!!!!!!!!!
Hey Ceetong,
Should have clarified, I was speaking primarily about platinum prices. You are correct, Palladium and Rhodium prices have performed quite well. Both have appreciated markedly and proven quite resilient. It's confounded many, myself included, as to how platinum prices remain the in dumps, despite very strong fundamentals. If you have any theory on this feel free to share.
Yes, they have diversified away from LIX, and much of those funds have been invested into smaller companies, whose share prices have all appreciated, in some cases substantially (take QMX, FUR, and PIT, for instance), yet that seems to be completely irrelevant to investors. I believe the market is only valuing their LIX holding as that's a large enough and liquid holding. On the private side, watch Desert Lion Energy, according to their most recent investor presentation, last round of financing valued the shares at $.50, and AAB owns 6 million shares as of October 31. If that financing was done between Oct-Jan, then we should see that corresponding appreciation on the balance sheet. If it was more recent, may still show on the books as $600,000.
Finally, we're both very much in agreement as far as the NCIB is concerned. I'm perplexed as to why the company has not initiated the buyback already. Buying back shares at these levels would be highly accretive to all investors IMO, and I hope it's initiated ASAP.