Company Updates From Management – Mon 7 Mar, 2016

We talk with Glen Dobbs and Mines Management and the various metal markets.

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Featuring:
Al Korelin
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Comments:
  1. On March 7, 2016 at 2:49 pm,
    CFS says:

    In case you did not notice Pt, Pd today:

    http://stockcharts.com/h-sc/ui?s=PTM.TO

    • On March 7, 2016 at 3:34 pm,
      Frank from moscow CCF says:

      Nice pop today………..

      • On March 7, 2016 at 4:38 pm,
        Excelsior says:

        Yes indeed. I’ve been quite active in the PGM space lately and today was another great pop in the related miners:

        Platinum Group Metals Ltd. (PLG)
        3.19 Up 0.55(20.83%) 4:00PM EST

        Wellgreen Platinum Ltd. (WGPLF)
        0.20 Up 0.03(20.62%) 3:58PM EST

        Stillwater Mining Company (SWC)
        10.34 Up 0.70(7.26%) 4:02PM EST

        North American Palladium Ltd. (PALDF)
        4.47 Up 0.22(5.18%) 3:20PM EST

        Eastern Platinum Limited (ELRFF) -Other OTC
        0.63 Up 0.11(20.23%) 3:46PM EST

        • On March 8, 2016 at 7:24 am,
          Frank from moscow CCF says:

          THANKS FOR THE POST…………EX………………………..J

          • On March 8, 2016 at 7:28 am,
            Frank from moscow CCF says:

            PLG and SWC……….look interesting

          • On March 8, 2016 at 7:29 am,
            Frank from moscow CCF says:

            I think this is a sleeper area…………

          • On March 8, 2016 at 8:35 am,
            Excelsior says:

            Yes, I find that investors in the PMs and Base metals often overlook the PGMs which really straddle those 2 sectors with a foot in both worlds. As a result, when the PGMs make much larger percentage gains/losses people don’t even notice because they are so hung up on Gold & Silver. Often the PGMs have much more torque in both directions, and there are not as many good miners to even choose from. Platinum Group Metals (PLG) and Eastern Platinum (ELRFF) are the only 2 S. African mines I consider investing in. The other 3 (Stillwater, Wellgreen Platinum, and North American Palladium) are in much safer jurisdictions.

          • On March 8, 2016 at 8:37 am,
            Excelsior says:

            I am also a big fan of Polymet (PLM), because of the PGM content in addition to the Nickel and Copper.

          • On March 8, 2016 at 8:40 am,
            Excelsior says:

            Another thing I like about Polymet lately is that things are looking up for their permits needed for construction, and much of the infrastructure is already adjacent to their property from past metals cycles, so it really just needs a brief overhaul, and they’ll be going right into production with Nickel/Copper/Platinum & Palladium:

            PolyMet Final EIS Validated by State of Minnesota Clears Path for Permit Applications Required for Construction
            March 3, 2016 3:03 PM

            http://finance.yahoo.com/news/polymet-final-eis-validated-state-200321587.html

          • On March 8, 2016 at 8:42 am,
            Excelsior says:

            They are part of the Duluth mining complex and deposit, and I made a nice chunk of change on Duluth Minerals in 2015, who got acquired by Antofagasta. Most people don’t realize the huge mineral reserves in Minnesota and this whole area play is coming back to life again, and used to be a big mining area in the 50s and 60s.

          • On March 8, 2016 at 8:43 am,
            Excelsior says:

            FFM – You are correct though that the 2 most solid companies in the PGM space are Platinum Group Metals (PLG) and Stillwater Mining (SWC). They’ve both made really good runs lately and they’ve been lucrative to trade the last 2 months.

          • On March 8, 2016 at 10:48 am,
            Frank from moscow CCF says:

            Thanks EX………for the follow up…..appreciate your hard work, I know it sounds redundant , but, I really appreciate the comments………..Jerry

          • On March 8, 2016 at 11:09 am,
            Excelsior says:

            Thanks FFM CCF. I am just glad to have someone to discuss the PGM market with. I’m actually surprised more people on this blog aren’t more interested in the space, but to each their own.

          • On March 8, 2016 at 12:21 pm,
            Frank from moscow CCF says:

            ditto

          • On March 8, 2016 at 3:08 pm,
            Excelsior says:

            I sold out of my Polymet last week into the strength for a nice profit (too early at $1.19, because it reached $1.28, but good enough……). Well, I bought a position back yesterday at $1.00 and averaged down today at $.88, so I’m sitting at $.94. If falls further I’ll average down one more time, and if it jumps up north of $.94 I’ll trim.

            I’m considering building a longer-term buy and hold position in Polymet personally, but just don’t know if the metals are all going to pull back in the spring and present a better buying opportunity. I want to get a very low cost basis in place on this one and also on PLG (which I just exited my position yesterday – It went too parabolic and I wanted to lock in all the gains). Stillwater I’m out of right now, but have traded it like 10 times in the last few months. In and out and in. It whipsaws just the right amount to provide good short-duration trades. Eventually, I want a longer term position in SWC as well though. I’m still of the opinion that at one point that Platinum will trade at a premium to Gold, and that Palladium still could outperform as it is replacing Platinum in many uses and it may get closer to price parity with it’s cousin Pt.

  2. On March 7, 2016 at 4:03 pm,
    CFS says:

    http://www.zerohedge.com/news/2016-02-19/how-feds-strong-dollar-made-further-market-gains-impossible-jpm-explains

    So the Fed will DO NOTHING, don’t you think.
    Meanwhile Congress does nothing; except collecting payola and pensions.

  3. On March 7, 2016 at 5:38 pm,
    CFS says:
    • On March 8, 2016 at 11:04 am,
      Frank from moscow CCF says:

      THAT SAYS IT ALL……………….what a world………..thanks for posting

    • On March 8, 2016 at 1:39 am,
      irishtony says:

      CFS. There is a lot of talk about this, “FREE MONEY” thing & it looks like it could happen. The masses will be ecstatic , but I wonder how they will feel a year or two when they are told , in order to keep getting “FREE MONEY”, that they must accept a RFID chip in order to keep getting said “FREE MONEY”.
      Everything comes at a price.

  4. On March 8, 2016 at 1:41 am,
    irishtony says:

    a year or two down the road.

    • On March 8, 2016 at 11:05 am,
      Frank from moscow CCF says:

      It is always tomorrow……………… 🙂

  5. On March 8, 2016 at 5:24 am,
    dragonite says:

    Last month China’s oil import increased by 19% from last Feb to a daily import of 8.04 million barrels per day , according to Chinese custom.

    http://bbs.wenxuecity.com/finance/3986656.html

  6. On March 8, 2016 at 6:38 am,
    Frank from moscow CCF says:

    GOLD looking good again…………..the WAR is on silver…………..

    • On March 8, 2016 at 6:39 am,
      Frank from moscow CCF says:

      time to keep stacking silver……..

    • On March 8, 2016 at 6:48 am,
      Frank from moscow CCF says:

      Anybody keeping up with COMEX phyz.?

      • On March 8, 2016 at 7:27 am,
        CFS says:

        Harvey Organ does.

        • On March 8, 2016 at 7:28 am,
          CFS says:
        • On March 8, 2016 at 7:30 am,
          Frank from moscow CCF says:

          thanks CFS………..I have not listened to him since Dec……

          • On March 8, 2016 at 7:31 am,
            Frank from moscow CCF says:

            also, thanks for the post on the cabal………..and brief history……

          • On March 8, 2016 at 7:32 am,
            Frank from moscow CCF says:

            always a great listen to , concerning just how corrupt the entire system has been for generations…..

      • On March 8, 2016 at 7:44 am,
        Frank from moscow CCF says:

        COMEX ….AT 550 TO 1…………..7O,000 OZ. stand for delivery…….per McA.

  7. On March 8, 2016 at 7:26 am,
    CFS says:
  8. On March 8, 2016 at 8:19 am,
    CFS says: