A FEW CENTS or MULTI-BAGGER ???
As a person who has been long PAL over the period, I was disappointing at how it has been traded more than the company’s operational performance. In another words, I never had this type of experience with any other stocks that were very cruelly hated and manipulated this much. When PAL divested its gold business to get into palladium, it was known fact that the company would not profit and also would suffer from the loss incurred by its previous gold business for a few years. And I was one of those investors jumped in at then, looking at the high feasibility of its success in palladium business. One thing I did not expect was, once again, the abnormal hatred and manipulation that eventually had forced the stock price pulled down to where it is now. Even through the “profit loss” times, this stock should never gone under $1.00, and would never been. As a human nature, even in stock market, people respond to the bad news much more than the good news, and also listen to lies than truth. However, what was happening with PAL was the extreme. When “shorting bashers” started to mention about bankruptcy, PAL had to take the hit, and more significantly, PAL was plunged down to drain when a contributor of Seeking Alpha with his concealed short interest posted a couple of articles (“Is it really possible to avoid bankruptcy?” and “A financial death spiral in process.”). If PAL is a candidate for the bankruptcy, more than 70% of all other companies publicly being traded in the stock markets also should be considered as the same. Still now, there are some people talking about many nonsenses such as BAM financing (which was publicly informed a year ago.), AISC (it can simply be calculated this out using income statement and balance sheet, factoring in non-cash costs, adjustment and contingencies.) and Mine Life (probably they don’t understand its definition and not concerning the current reserves.) If it wasn’t for all these misleading manipulation, we would currently be trading PAL stocks at $1.00’s level, and talking about the feasibilities of going up to $2.00 after Q3, $5.00 after year-end and so forth. One thing that is very clear under the whole situation is that PAL stock will eventually hit $1.00 very soon. How soon? That is totally depend upon whether or not and how much the traders will be responding to the future manipulations on this stock. If you long for PAL, and are not a day trader, stay strong because PAL will eventually break-through its first $1.00 mark sooner than we hope. IT IS UP TO YOU TO MAKE A FEW CENTS or MAKE IT A MULTI-BAGGER !!!
