The macro economic factors are looking good for Palladium and for Chalice' Gonneville deposit.
Supply is falling (older SA mines).
Demand is increasing (hybrid sales are increasing while ev sales have flatlined).
Interest rates are coming down (US inflation just fell to 2.5%, so the fed is sure to cut at their next meeting) so cost of holding will decrease.
It was only a matter of time and there will be more bumps in the road but the future is looking good.
And ... AC drilling of 2 exciting new gold prospects at Barrabarra starting next quarter.
How long before the share price reflects reality?
CHN chart, page-9007
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Last
$1.42 |
Change
0.035(2.53%) |
Mkt cap ! $552.4M | |||
| Open | High | Low | Value | Volume |
| $1.39 | $1.43 | $1.38 | $3.595M | 2.557M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2000 | $1.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.42 | 95494 | 4 |
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| Last trade - 16.10pm 18/11/2024 (20 minute delay) ? |
| CHN (ASX) Chart |