who is mr ten k, page-81

My goodness! Never been part of stock forums before, but a lot of rubbish being written. A few points need clarifying.

1. Yes PGM is incredibly leveraged to POG/PofPGMs, and is small and illiquid. Don't buy in unless you've done your DD and are prepared to sit out a possible initial loss. I bought in at 36c it went straight to 28c - thats a 25% loss. Could have been 50%, hence with stocks like this its best to stagger buys in, so you have some dry powder left to average down if price drops. But to see the sort of gains this stock can make, you must also be prepared for volatility and 30-50% declines also.

2. Because its so volatile don't make it >10% of your portfolio. It'll soon grow larger, but as CR shows, if you put too much in, you'll be in a psychiatric ward before you can take advantage of any gains.

3. While no stock is a guarantee, this looks pretty good IF POG/PGMs rise. If not Greenland at least could be uneconomic. Hence its a huge leveraged play on the POG. To ihavenoclue - Galahad gold dumped it actually cos of price of Vanadium which was a byproduct and had just slumped and they also had another project with lower costs and had to choose which one to pursue. Read their reports - they were working with a $450 pog assumption, and $180/oz Pd.

4. Yes, looks like support in the mid 90cents after closing away a breakaway gap. Sellers could have been people getting margin calls (Don't buy on margin!) or someone wanting to buy in big, selling to induce the capitulation selling at the bottom and scoop up a much larger position.