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

    Stockhouse:

    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.

    Themes: Platnium, Palladium
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