Waterberg Project is Advancing: Is it PTM's Time?
PTM now seems like a promising investment for one of the first times in a long-time. With Palladium soaring into parabolic levels and Platinum on the up-and-up, the Waterberg project, that PTM is focused on advancing, is slowly moving forward.
This serves as a long-term investment as the company doesn't expect production to commence until roughly 2024, however, as long as positive news continues between now and then, the stock should propel forward. With Palladium highly correlated to the SPX, and with likely a strong bull market continuing for all of 2020 and at-least some of 2021, this could propel Palladium to 3000 or more and push this stock up for speculative reasons.
This represents one of the first positive EPS earnings results in a while and as a result, the stock has broken its long consolidated resistances where it could continue to propel higher due Palladium's price-tag.
While this stock has had quite a few sharp moves to the upside in the past and faded, this time it could represent a different outcome as it has been moving higher prior to earnings and created higher lows; it has also broken an extended cup resistance dated back since spring of 2018.
Once this project commences it represents one of the most lucrative reserves of Palladium and Platinum in the world. Definitely a stock to throw a small piece of your money in and hold it for years to come.
- zSplit
Other notes:
- Trading volume has been increasing significantly on the TSX
- Trading volume has significantly increased over the NYSE
- Hefty after-market volume
This serves as a long-term investment as the company doesn't expect production to commence until roughly 2024, however, as long as positive news continues between now and then, the stock should propel forward. With Palladium highly correlated to the SPX, and with likely a strong bull market continuing for all of 2020 and at-least some of 2021, this could propel Palladium to 3000 or more and push this stock up for speculative reasons.
This represents one of the first positive EPS earnings results in a while and as a result, the stock has broken its long consolidated resistances where it could continue to propel higher due Palladium's price-tag.
While this stock has had quite a few sharp moves to the upside in the past and faded, this time it could represent a different outcome as it has been moving higher prior to earnings and created higher lows; it has also broken an extended cup resistance dated back since spring of 2018.
Once this project commences it represents one of the most lucrative reserves of Palladium and Platinum in the world. Definitely a stock to throw a small piece of your money in and hold it for years to come.
- zSplit
Other notes:
- Trading volume has been increasing significantly on the TSX
- Trading volume has significantly increased over the NYSE
- Hefty after-market volume
