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Hi guys. New here. Any ideas on how Palamin would perform in the next couple of weeks or months?
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At present I will have it on my watchlist cause the trend is still below 15 and 65 days MA, MACD is flat RSI in neutrl position. In MO wait for a week or so.
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Super Contributor
Problem with Palamin is their huge hedge book. They aren't capitalizing on the high prices of metals, and won't for the next few years. Buying out the hedge book is not and option at the moment due to its sheer size. Not much going for investors as far as I'm concerned. omo
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OMO - PAM is in a bottoming-up phase, and at a PE of 3.68, I'd say buy or at least hold. Any weakness from current prices would be a buying oportunity for me. It's quite volatile because of poor liquidity, but I say there's some money to be made - hedge or no hedge - they're making fine profits!
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