RE:RE:RE:Too much optimistic viewsOops, posted nothing the first time.
I agree with you ignacioC, and I would add that even with gold stocks right now and great projects, they are going nowhere. I have shares in GBR, and it's a hell of a story, with excellent news coming out again yesterday, but we can't get out of the price we have been in for about a year now.I think sometimes people just can't see the real potential of something and of course there is definetely manipulation going on with some of these stocks
Ivorygull wrote: IgnacioCashmere wrote:
There is little confidence in the future price of Palladium, that's how i see it. Sibanye trades at low 5 PE, that is just ridiculous. Where are there other high flying Pd miners? I dont see any junior or major. The public has decided EV will put ICE in the dust & soon, along with Pt. They are wrong, for many reasons. One of which is if every nation on earth mandated EV & nothing else right now, the metals are not there to make it happen. People are voting with their pocket book that Pd will quickly dwindle in value. I am voting with my money that yes, Pd will fall to a more realistic price of 17-1800 but no, the end of ICE is not nigh nor even within the decade. Where will all this electricity come from to meet demand? But the public is sold that the green revolution will happen quickly. Dont bother them with facts about where is the metal & electricity to make this happen. For that reason i believe we wont ramp up in price the way a gold miner would. Kerry often compares this to how a gold miner SP would behave if this & that is accomplished. This isnt gold. Pd attracts a different crowd then gold. We should be looking at what the big Pt & Pd miners are doing & they are valued at ridiculously low PE's. Why should we be different in valuation. The SP will go up with advancement of the project but not in the way a gold miner would.