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There will be sellers into every level I suspect but sentiment is good. Ash from ORCP sent me this for those that missed it:
https://www.proactiveinvestors.co.uk/companies/news/917944/signs-in-the-global-supply-chain-that-chinas-return-to-work-is-beginning-to-have-an-effect-917944.html
Why bother profit taking when we have the potential for the div to be reinstated? From these levels your yield should be pretty good. Albeit not for some time yet but eventually it will look lovely rolling in.
Just another idea.
2047! That's when I retire. If it is a pound by then I'll be a Muti-millionairre. Not counting on it but I do see it way higher once we are producing and all you need to do is sit on your shares.
Don't forget JIA and JCC people. Do we have some rainbow chasers just wanting LOI?
You can also expect that the Chinese have been working on the funding already.
Be interesting to see if there is anything about the fertiliser project in the JIA or in a separate comms. That will make the future prospects of ORCP look even better.
LOI, JIA and JCC are the derisk points.
Another post from me.
https://www.angloamerican.com/~/media/Files/A/Anglo-American-Group/PLC/media/press-release/releases/2020pr/q1-2020-production-report.pdf
Seems the palladium ship has reached a strange shore, where the waters are mysterious and there isn't anyone normal to be seen...
How odd this island is. Some things on the horizon since the share was last traded :
Less than a week then before Nomad appointment
Flank Approvals at Monchetundra nearly completed
Tipil licence awaiting final approval West Kytlim and new 2 ton ambitions
Fresh Board appointments to be announced
Lowest AISC around $325/Oz (from Kommersant interview in Feb)
Ongoing discussions about the assets and possible sale
Plus
Special Situation funds waiting to pull the trigger and continue investing
Palladium holding firm above $2000 on a 30day average - structural deficit not removing
Norilsk pulling out of Arctic Joint Venture
South African mining under Covid19 lockdown and ongoing power issues with Eskom
All of these will have an impact on the share price.
Add them to the reasons you invested previously and it is a good place to be in.