That may be so except that in this case there are several "news letter " writers recommending the stock and they claim buying it them selves. Most noteably " Kaiser's Bottom Fishing Report. Although they don't have as much influence since Bre-X, it is possible that they could start some momentum and the stock could park itself at say $.50 to $.75 before X-Mas.
The mining investment community is aching for a winner to get the ball rolling and it will have to be in Platinum.
Note North American Palladium, it was so poorly managed it is struggling with over $100 000 000 in debt its grade is declining , its unsuccessfully , so far , trying to raise capital to expand ; and yet its share price has gone from $.85 to over $4.00 in the last few months. That is what the hint of platinum can do.
I would also point out that there aren't that many shares available for trading and when they begin to move they will move quickly. Sorry , I have a bit of the tech. analyst in me. :) |
