"10% largest commodity ETF' s/h/b "10th largest commodity ETF" - both as a currency hedge and as an investment to me it appears Pt is better than gold.
Condensed & edited from platinumudotcom: A whopping 1 million ounces of platinum production was lost due to the strike, according to an analysis in Financial Times. Thomson Reuters GFMS estimates another 300,000 ounces of production will be lost as companies take months to return mines to prestrike output.Next to jewelry, the biggest type of platinum demand is for catalytic converters in diesel cars. Sales are starting to pick up in Europe, the biggest market for diesel automobiles. In May, European Union passenger car sales rose 4.5% from a year earlier.Other uses: Glass-making for televisions screens; Hard disk drives; Plating and thermocouples;Some types of fuel cells;As a chemical reagent. Pt is still way off its highs of last year. A pricing chart going back to September shows Pt coiling up for a breakout.Gold has vlaue based on its use as both an einvestment and a hedge to inflation, as well as jewelry. Pt does too and it has more industrial uses than gold. Another consideration is raw supply. Platinum is 30 times more scarce than gold. That is for every ounce of gold there exists only one ounce of Platinum. The facts above are why Platinum is growing as an investment and hedge like gold. The Pt ETF is now the 10% largest commodity ETF. - ( PT now at 1510 bid).
I would say it is probably due to some technical bug or glitch in Yahoo, and is not a conspiracy. As other posts indicate the story about the grant is on their website and all over Google.
There is a new strain of Cyber Ebola that eats certain news headlines only. Maybe that was it? The release is still up on their website and other places, just not in Yahoo. But today BBC reports 25 more deaths since July 3rd so total 518 reported died from this Ebola outbreak. " Last week, health ministers from 11 West African countries adopted a common strategy to fight the outbreak. At an emergency meeting in Ghana last Thursday, ministers promised better collaboration to fight what has become the world's deadliest outbreak to date. Under the new strategy, the WHO will open a sub-regional control centre in Guinea to co-ordinate technical support."
Note: there was an American who showed signs of the virus but just tested negative. I would still be worried, but then I would not be vacationing in an area near the center of an Ebola virus outbreak, at least not without some CONX diagnositc test that could catch it early enough so that it could be effectively treated.
Kingly, I hope it is true because I am long. But hoping is kind of what you do when you throw a penny in to a wishing well. You just hope your wish comes true, rather than just disappearing with the ripples in the reflection of yourself caused by the penny being dropped into the well. I'd be glad if in a year it is trading in the .50 to .60 range and anything higher would be welcome too. It would help, more than hoping would, if management does its part which would be to cut expenses while continuing to grow revenues at the rate they have been. That would speed things up considerably.
Today it looks like not much selling or buying interest. Zero volume. All IDND holders must be thinking about the long weekend and we are the only ones who know about it. Also, the actual quote was (my quote was really more an interpretation than a literal quote - at least I got the author right): "I've seen many troubles in my time, only half of which ever came true." But he also came up with another goodie: "You can't depend on your eyes when your imagination is out of focus." In regard to Sophie's comment, I guess we agree about the volume and pricing and when it will be meaningful.
I somehow think the kind of bashing we are getting is in the hopes that the price will drop so someone will be able to load up on your shares. Maybe someone is trying to fill a large block order over time and this is how the trader deals with the illiquidity, by trying to shake shares out of a few loose hands. But I don't see any response probably because most posters here have already made up their minds. .30 is the new .20. By the end of the summer I think ,40 could be the new .30.
Today it seems like mostly buying at the ask. The buying chewed through 18000 at .42 then some at .43. Not that signifiicant but it shows Sophia that her panic was more her imagination. This reminds me of a quote by someone like mark Twain, that went, something like "I have been through trying times, most of which were entirely in my imagination"
I think they do that regularly (update their spreadhseets). Most of the analysts value PLG at a big discount to their net tangible asset value since they don't have a significant revenue stream yet. Since their main asset is Platinum in the ground, at a certain quality, they value the company at a big discount to the Pt amount in its final state (including estimated price). They also consider Bushveld should begin operating by this time next year. But as we know, the market discounts PLG even more than the analysts do because they (the *market*) don't know as much and are afraid of risks that they might imagine. That is why the analysts often comment that PLG is significantly undervalued. With Pt in the 1500s, I think a good target price for PLG would be toward $2.00 (meaning that is what I think PLG is worth today conservatively discounted and the market may catch up to that if it takes a closer look). But knowing the general market, it may continue to wash in and out like a baby in the bath water until those revenues are generated and more standard methods of valuation are available. This is not the first stock I've owned which I considered worth more than the value assigned by the general market, and it is only a matter of time (more when than if) before the value becomes tangible in the form of gains, and I expect it to be well worth the wait.
Pt is still climbing. Bid is 1510 now. The magic charts told me that the uptrend would continue into the 1600s before hitting strong resistance or reversing. I600s seems feasible and in line with a lot of forecasts. These prices certainly boost the outlook for PLGs Bushveld operation next year.
WHO is “gravely concerned [by] the ongoing cross-border transmission into neighboring countries as well as the potential for further international spread,” regional doctor for Africa, Luis Sambo, told the Guardian. “This is no longer a country specific outbreak but a sub-regional crisis that requires firm action by governments and partners.” The number has now jumped to 759 cases and 467 dead. Today (Jul 1) "The epidemic is now in a second wave," Bart Janssens, the director of operations for Doctors Without Borders told the Associated Press. "It is totally out of control." "There needs to be a real political commitment that this is a very big emergency," Janssens added. "Otherwise, it will continue to spread, and for sure it will spread to more countries."
This outbreak is unique because it has struck areas like Monrovia, the capital of Liberia, and Conakry, the capital city of Guinea. Ebola usually emerges in sparsely populated rural regions, where fewer people pass through. In an interview with NBC News, Robert Garry, a microbiology professor at the Tulane University School of Medicine, warned that the outbreak so far is just "the tip of the iceberg."
Just from a humanist standpoint, I hope we can get this CONX testing kit developed and to the front lines ASAP. It is a horrible way to die.
Experience will someday tell you that emails and letters written to Congress and other political entities, is like praying. Nobody is listening. Yes the governments, and that includes not just ours, are like a black hole where ideas, info, and money flow in and don't come out. The concern about the outbreak is rising not due to your emails. Even if they read your emails, nobody listens to Rush, Levine, Bush et al. Your efforts, like tyour efforts here on the message the board, are futile.
From WashingtonPost and businessinsider: "When the symptoms appear, exactly when and where you caught Ebola virus is unclear,” wrote Lancaster University lecturer Derek Gatherer. “It can take anywhere between two and 21 days from initial infection to the first symptoms. What is more certain is that you are now infectious yourself. Your family, friends and anyone in close contact with you are now in mortal danger.” The important thing about the CONX testing kits being advanced (to test for Lassa and Ebola): "(the) point-of-care test kit can be used in any clinical or field lab to determine in a matter of minutes if a patient is infected with Ebola". *(if you wait until the symptoms appear, your chances of survival drop considerably). Earlier this week, Doctors Without Borders said the situation was unprecedented. “The epidemic is out of control,” Bart Janssens, the director of operations, said. “We have reached our limits....we are no longer able to send teams to the new outbreak sites.”
Most people don't blindly obey message board possters in regard to investing their money. I am long but bought a while back around .20 and I have held them for quite a while. I sold some at .30 to reduce my risk a little, and have a limit order to sell some more at .45 and at that point I will have my original investment back in cash. I will let the rest ride for long term maybe wait until we reach $1.00 or more. Since those shares will be essentially free, I have little to lose by waiting. It may be right for some to buy at .30 (if they have none or have a higher average price). I think it's going higher. But I also need to diversify I and I am in my 60s so I force myself to take profits at certain benchmark points like 50% and 100%. Everyone has a different risk profile and different needs and a hot penny stock is not the right thing for many people. It comes with some risk, and CONX is somewhat illiquid. If you will need your cash in the next 2 months, it is probably not right for you, and granted it could turn out, but it is chancey. I think it is a solid company with some aging management and it has the potential to grow its EPS if managament is aggressive and it could be bought as they are considering a sale, but they have to work on the alternative which is to reduce costs while growing and sustaining revenues which is a challenge worth taking on since it would have a big impact on the stock at this point.
Are you more concerned about the heat, dodging bullets and trying to avoid being kidnapped, and murdered or forced into slavery? Your point is well taken. Maybe CONX could develop a way to test who is capable of being violent so that we could change them through educational programs designed to promote Normal Behavior, and which discourage Abnormal behaviors like: Terror plotting, Bullying (physical or cyber - including hate crimes), Gang forming in general, general crime committing, kidnapping, child abuse, sex abuse, all ranges of spousal abuse and the list could go on and on. But like the guy Suarez who tends to bite people. There could be a test for this type of person, and also kickers. I don't like people who going around in hard shoes kicking people either. Someone shoots another person in the USA about every 15 minutes. Who knows how many are stabbed and who is next? You? Me? Maybe CONX could develop tests to detect what kind of disease each person has (Bullyitis, Terroritis? Gangitis? etc.), then put each one through a tailored educational prevention program. I think each category has special needs to address (biters, kickers, shooters, gangbangers, etc.) whether on the border or in the heartland, and intercept the abnormalities before they become chronic problems or syndromes in the people that surround us. We could save trillions in future health care cost dollars, and the world would be a much safer, happier place. Then we could focus on mosquito and tick diseases, parasites (non-human).
I am more afraid of what mosquitoes, ticks and other insects which seem to get in to the US quite often without papers, and also tourists are bringing with them: Mosquitoes: Dengue, Malaria (Yellow Fever), Chikungunya fever (spreading rapidly in the Carribean), West Nile Virus; and from Ticks: Lyme disease, 5 different types of encephalitis, Rift Valley Fever, Anaplasmosis, Babesiosis, Borrelia miyamotoi infection (similar to Lyme), Ehrlichiosis, Heartland virus infection, Lyme disease, Powassan disease, Rickettsia parkeri rickettsiosis, Rocky Mountain spotted fever (RMSF), STARI (Southern tick-associated rash illness), Tickborne relapsing fever (TBRF) reported in 15 states: Arizona, California, Colorado, Idaho, Kansas, Montana, Nevada, New Mexico, Ohio, Oklahoma, Oregon, Texas, Utah, Washington, and Wyoming and is associated with sleeping in rustic cabins and vacation homes, Tularemia occurs throughout the U.S. and common in many ticks, 364D rickettsiosis (Rickettsia phillipi, proposed) a new disease that has been found in California.