The big institutions are going to be gunning for shares in this. Expect a massive attack from de-rampers here and on Twitter to scare you in to selling. The IIs know the value here and are looking for your shares. The MMs have already been doing their bit to get cheap shares for the big buyers.
Share Talk jumped the gun on the interview. They should have kept quiet about it until the company was willing to release it. Now other issues appear to have got in the way but the cat has been let out by Share Talk.
$2 billion = about £1.54 billion = about 57p per share. Not going to happen though as there are many costs to mining, processing, transportation and tax considerations plus a profit for the purchaser.
Unfortunately bobby de-ramping on here and Twitter is effective. We've had at least one poster on here yesterday saying they were desperately hitting the sell button as the SP fell back. They sold at around 3.3p and then were pleased they got back in at 3.07p. Well done to them but when the herd just sell sell sell when the knife is falling you get this result. Not a lot to do with misunderstanding the RNS. Just a case of fear as the SP fell. Selling for no reason other than fear and a complete disregard of the realities.
I would agree Mattey. Seen it before many times in other shares. BoD's tend to back off and allow the dust to settle. Or are fearful that any RNS is taken negatively. That can and does stifle BoD reaction.
Has the SP stabilised? Tempting fate I know. It was over 4p a couple of days ago folks. An easy profit maker from here. MCap well below the value of the PGM metals.
The usual abuse appearing again unfortunately. The Palladium is there. It has a value which is very high. The company MCap is well below the most pessimistic valuation that can be put on it. Quite clearly the de-ramping here is a desperate attempt to get in even lower or just evil keyboard warriors. This will bounce back up as we are currently at an MCap of just £84 million plus or minus a million or so. Ridiculous when you consider the value of the Palladium alone. Those attacking the 'rampers' on this board are just absurd. The rampers need to keep their predictions sensible but the current MCap is way way too low for the true valuation.