I have bought shares in this company today
I have been watching the relative strength of platinum since early September with some admiration.
Platinum has been a dog for many years. The metal “should” trade at roughly 1.25x the gold price - ie somewhere around $2,100 - but instead its price is half that, $1,050, even with this recent run.
But with all the broader market sell-offs this autumn, platinum held relatively well, which leads me to think the worst may be over.
Meanwhile, rhodium is at $13,500/oz.
I have identified a platinum group metal producer (PGMS - platinum, palladium, rhodium) with robust financials and plenty of upside potential, with a solid floor of support at current price levels.
Its a precious metal miner, so it is not like it is without risk, particularly in today’s broader financial environment, and it is not operating in jurisdictions with the best of reputations, but I am satisfied that the risk-reward is in its favour. With that in mind, I have today taken a starter position.
The company in question is …
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