FM3 firstmac mortgage funding trust no. 4 series 1-2020

Ann: General Security Agreement, page-666

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Noobtrader1

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08/04/21

12:31

Post #: 52328286
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Originally posted by Corgi: ↑

People just have to be self aware & at the same time not delusional

Julimar is going to be Australia's biggest ever palladium discovery
Ditto, current the world's best palladium discovery
Palladium price has been on a freight train on the loose
The Palladium equities market cap is fairly small so all the money pouring into the ETF's that play in this space which CHN would be a major allocation floats all the boats
This is similar to when all the Gold ETF's, funds and various indexes were at the highs last year, lifted all equities and they all were sold down in tandem, I've shown an example of this previously tracking the movement in holdings of an ETF
The reality is that the narrative for CHN aligns perfectly with the record spot prices, whole world's attention & lack of competition, so it makes for the perfect space to be in.
However, the reality is Julimar is well over a decade or two from production and ofcourse punters are predicting the price is going to continue to moonshot, but that is rarely ever the case
The narrative of continue high demand for the metal is somewhat bullshit, because demand hasn't really increased, instead a supply constraint, similar to copper
Punters that are in the money, say over 200-400% in profit would be best to continue to ride the market for now but set a loose trialing stop loss of say -30% because who the fck knows how long this freakshow will continue.
I have made money but have also been burnt in the past investing in exploration plays that didn't quite have a clear path to production or monetizing their asset, or were fairly late in the bull market cycle and once the ability to raise capital was hampered, they were fcked.
Afterall, that is the fundamental driver for investing in exploration prospects, discovering good prospects and accelerating the development of that asset into production...

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Thx mate. I've got too much to learn about gold with not enough hours in the day to even try to branch out into other sectors, awesom info as always
FM3 Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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Ann: General Security Agreement, page-666

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Ann: General Security Agreement, page-666

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