Bobcurl Right from the beginning that I got in I kept saying let them drill up the resources. As they have drilled stock price has increased four fold. Most companies that reach dollars that have true market value take time. PDM will continue drilling and proving up their resources. There have been stocks for example that rise overnight on hype (then retreat on day trading).
Sometimes serendipity plays a role. Companies searching for one thing and find another. Goldsource comes to mind when they were searching for diamonds but found coal. Lots of it. Stock rocketed from pennies to around $40 if I recall. I always recommend taking profit but always hold core shares on fundamentally sound companies.
Bobcurl you responded to my 100+ million tonne post. PDM at 22 million tonnes has much drilling to do here which is a great thing. It means they will likely have massive resources (3+ mil ozs Pd_EQ). A lot of traders sell everything only having to buy later at a higher price. As PDM keeps drilling up stock price will continue to rise overall. Buy on the dips. Take some profit. Hold core shares.
There are going to be probably 30 to 50 news releases this year. You will see price jumps on day traders then take profit. I expect the analyst price target will be exceeded long before year-end (I’m thinking by summer). One problem PDM faces it will eventually become a take over target and if your not holding shares you will watch the stock price double /triple rapidly while you scramble to reacquire shares with regret without holding core shares.
That could happen out of the blue as majors start eying PDM;s massive Finnish deposits. Remember Norlisk is on the other end of that dyke deposit. And they are now trading $30. I’m not suggesting that will happen here as I see an eventual merger/takeover at a much lower price (dollars). So expect overall price gains exceeding .70 by summer. Hope this helps.