Visit our COVID-19 site for latest information regarding how we can support you. For up to date information about the pandemic visit www.sacoronavirus.co.za.

Community

Share knowledge. Find answers. Ask questions.

Online Share Trading

Engage and learn about markets and trading online

Palamin

Reply
Highlighted
Not applicable
Hi guys. New here. Any ideas on how Palamin would perform in the next couple of weeks or months?
0 Kudos
3 REPLIES 3
Highlighted
Not applicable
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.
0 Kudos
Highlighted
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
0 Kudos
Highlighted
Contributor
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!
0 Kudos