Polymet Mining Corp (PLM)

[goldenager]

Back to same crap trading range and volume after another major milestone announcement.

My take is that, at this rate, the pps will hover around .70nish until permit to mine is obtained. After the permit to mine is obtained there will be a usual spike and then back to the same crap low pps again, maybe this time in the .90s or at buck.

This is when Glencore comes in and offers somewhere between 1.50 to 1.80, for a seemingly “up to an 80 premium.”

Between the enviros and Glencore, my take is that Glencore is keeping the lid down on this project and not letting PLM management do any sort of serious PR, even though PLM at this stage has enough ammo to get out there guns blazing and all.

I hope that I’m wrong and that my investment in PLM in the last 10 years doesn’t end in a buyout at 1.50-1.80. That would hurt, as I was looking at 5-10 bucks after permit to mine is obtained.

Still somewhat optimistic but looking bleaker and bleaker after each major milestone.