Post by
TABerlioz1111 on Apr 05, 2019 2:19pm
Averaging Down Again
The market is ridiculous! I will totally buy as much PALDF as I can afford (i.e. no margin) at these levels. The stock price isn't really trading in tandem with palladium price and the company's shares are worth signficantly more when you measure the profit it makes per ounce of palladium it takes out of the ground.
I continued average down today, and my average price is now below $13. If the the stock price stays low next week, I will double my holdings again. The market can't stay irrational forever.
PALDF is worth significantly more than its market capt at present. If the stock market price refuses to budge, Brookfield will just end up selling to a larger mining company and we'll get a nice takeout premium.
It's a win-win. The only bad thing that can happen is if Paladium goes below $1,000, but I don't see that happening this year.
Comment by
macdtrader on Apr 05, 2019 6:47pm
Yep. Me too. Won't sell WM though.