RE:Bought more.oilsyd wrote: Increased my holdings by 25% today because I believe that we may experience a price surge with either an imminent production decision or a Sibanye decision 90 days after. All these announcements are derisking the stock and therefore adding value. They could have a producing mine in under 3 years and by that time it will be worth 5-6 times today's price. An annualised growth rate of 70-80% is hard to beat,
Hah, no word of a lie, I bought an extra 24% yesterday (ozzie time) myself! I had to sell a little K92 to do it, but I think it's worth it. Pd price going absolutley bonkers and nobody seems to care. I keep harping on this, but imagine if silver or uranium was making ATHs, money would be flooding into the juniors. Even the hint of a Ag/U bull and money floods in!
Day by day I worry less about a Pd price crash. If inflation kicks in (I believe it already has), Gold, Silver and Pt will soar, I see it unlikely that Pd will go the opposite way. I can see Pt playing catchup, and the Pt/Pd ratio correcting, but the outlook for Pd still looks good to me (not as good as Pt mind you), ETF is getting drained, and where is new mine supply coming from?