Post by
xyellowknifer on May 16, 2019 6:03pm
Odd stock action
I could certainly use some help here – what am I missing? The trailing EPS indicates a P/E of 4.8 – the company has no long-term debt other than leases; it has extended the life of the mine and will be increasing production. A P/E of 10 would indicate a $24.70 share price. Kirkland Lake Gold had a P/E of 21. I can’t help but think there is some short term manipulation happening – any thoughts?
Comment by
macdtrader on May 21, 2019 11:28pm
You are quite correct about manipulation. The indications are in excess of an 800,000 oz deficit in production in PD for 2019. I think we just have to wait until the PD price moves up again, which shouldn't be too long of a wait.
Comment by
macdtrader on May 22, 2019 12:10pm
South Africa has closed a mine , laying off 4100 workers and today another 600 were fired at another PGM mine. production is being effected. It would be interesting to know when the ETF;s run out of stock.