John Polomny's  Instablog

John Polomny
Send Message
John Polomny is an individual investor and speculator seeking unique, overlooked, and well researched opportunities and speculations from all over the world.
My company:
My blog:
  • Big Canadian Fund Thinks PGM's Are Going Higher 0 comments
    Jan 14, 2014 9:01 PM


    My report this weekend requires a contrarian perspective as we look at Eastern Platinum Ltd. ELR has a very large bank account with no debt and trading well below cash value. The stock market values their significant reserves and large mining complex at ZERO yet Invesco Canada has been accumulating the stock during 2013.

    Invesco is one of Canada's leading investment management companies with such well known products under their umbrella as Trimark, Invesco, and PowerShares.

    Here is the skinny on Invesco. It appears that they are not some piker so it is interesting that they have been accumulating this PGM miner that is on care and maintenance. I reiterate my view that the PGM's look good moving forward as they will be in a supply/demand deficit next year. In addition, most of the South African miners are losing money at current prices so either the price will go up or mines will be shutdown. I think this bodes well for Sylvania Platinum which does no mining but processes waste dumps for left over metal.

Back To John Polomny's Instablog HomePage »

Instablogs are blogs which are instantly set up and networked within the Seeking Alpha community. Instablog posts are not selected, edited or screened by Seeking Alpha editors, in contrast to contributors' articles.

Comments (0)
Track new comments
Be the first to comment
Full index of posts »
Latest Followers


More »

Latest Comments

Instablogs are Seeking Alpha's free blogging platform customized for finance, with instant set up and exposure to millions of readers interested in the financial markets. Publish your own instablog in minutes.