Shrinking platinum stockpiles, growing demand from carmakers and new uses being trotted out in the energy field are stoking producers’ expectations that prices of the metal are poised to rebound from a five-year low. Production of the shiny metal, used for jewelry and in catalytic converters in cars, will fall short of consumption this year by about 500,000 ounces, according to a January estimate by Credit Suisse Group AG. That’s prompting industry leaders to debate how long it will take for buyers to use up reserves and start paying more for a less available product. Bllomberg article. Jones is quoted in the article as well.
Jack, question-How much would you pay someone who discovered 29M ounces of PM's? Figure a conservative estimate of $200.00 an ounce profit, that would be 5.8B. Again being conservative as well as probably seeing north of 30M ounces once all the assessment is done. Of course this leaves out Bushveld entirely.
Since Institutions hold over 50% of shares, your request is mute. But of course you never take into consideration of the money the exec's lost by doing this stock offering. Take a look at their stock options that are not worth anything at this time. Compensation is not just salary is it?
Could you name the loans PLG has outstanding? The Sprott lending facility does not come into effect until aggregate is produced, I believe. Maybe if you would read the financials you could be informed. So sad you are throwing statements around without knowing the facts. That is the true definition of a Troll.
I listened to bigsee when it was in the .30 cent range and got out. So its still below where I sold out. He saved me a lot of money when it went down to .12 cents. He was talking about PAL's problems before it nose dived. So I think I will listen to him. Again good luck on PAL.
I personally owned some PAL but just as a trade. Played around with it, in the .30 cent range. Did not see the future in it like PLG. Sounds like you have a problem with Bigsee and are using surface info to discredit PLG. That is fine, we are used to people trolling on this board. Good luck to you and hope PAL keeps moving up.
Wow- you must be right . Lets take a look at the top holders of PGL.
Liberty Mutual- 145.8 M,
Franklin Resources - 81.2M
T Rowe Price 33.1M
JP Morgan 31.5M
Why should anyone think these dumb a@@'s knows more than you? You must have an investment letter because of all the "sage" advice you have given. What a dummy I have been. DD and that of major institutions when I should have been listening to the TROLLS. LOL
With the dilution the management cost themselves a great deal of money because their stock options are pretty much worthless. So when you speak of a ceo's pay don't forget its the total compensation. Your comparison with other miners' ceo pay is incomplete unless you consider the total compensation package.
5 posts- eloquent but again no substance. Nothing, nada, nil, rien, kein ding. The answer I was looking for is the loss of additional Bee funding, Jones had to use our Bee partner in our other partnership. Due to this our funding as well as our ownership has increased.
It was not a trick question, just a basic question regarding the companies increased cash burn.
I personally find insight in posters like belle, who do a competent analysis and is not in agreement for the prospects for PLG.
Jones makes too much money and is a bad ceo is not an argument or analysis . If you need help with the words "I" use don't bother asking, because you have proven yourself in your post.
4 whole posts. Not a bit of insight yet. ws- why has our burn rate been running higher this past year? Just would like your insight. Tks.
I see Blackrock LTD bought 36M shares last quarter. Bank of Montreal 10M and Blackrock INC. 1.5M. Looks like they were buying at the bottom as well. According to some of our posters, these guys are idiots as well. Maybe someone should tell them that the CEO is getting paid too much.lol
LMFAO- go ahead to your little short heart desires. Like your buddy or alias buffalo, you go on the ignore list. No information, data, or analysis, just" they make too much money". Who needs to waste time reading that.
4th quarter-looks like finally we are about there. I agree with bigsee in that we will be getting more interest in the stock within a few months. Already have the institutions loaded up but more individual investor accumulation.
Yeah, but its more of a confirmation except for the people they hired. Sooner than I thought but not reading a quicker start to production.
10 all time posts- No info or analysis just the ceo is paid too much. Looks like an alias or we have another Buffalo
Not having all up to date data but 2 institutions increasing ownership are Genesis Asset Managers +19.4M shares and TD Asset Management + 434k. Along with BMO and Liberty would be interesting to see the total % increase of institutional ownership when all is updated. GL longs