Just wondering where people think this stock is now headed. I'm guessing it's bottomed and now consolidating before heading north (so long as there are no more surprises).
So where to from here?
From a macro perspective I note the PLATINUM price is currently following gold and by historical standards is trading at a significant discount, but will this situation reverse. Have speculators just pushed the price of gold beyond its intrinsic value?
Also wondering if anyone knows how much of PLA's production is hedged, and at what price?
I've only recently taken a position and started following the story, so any pointers welcomed.
Cheers
Gus
PLA Price at posting:
26.0¢ Sentiment: None Disclosure: Held