Polymet Mining Corp (PLM)

[cawgermany]

I would like it to hold at $0.93, but right now, no institutional investors (other than Glencore, of course) are interested. This is strictly the day traders vs. the small investors...and the day traders want to keep this down. The small investors don’t have the patience to hold, and dump their shares when they don’t climb immediately. We’ll never see $2.00+ and hold until permits are approved, the land swap is done, the suits are dismissed, and the financing of the mine build-out is settled. Then we’ll see a few institutions buy and hold, or we’ll see an investor purchase a million shares (about the cost of a large modern agricultural combine), or we’ll see an influential publication push this company.

Fortunately, it looks like we only have wait about a year. If it’s not decided by spring of next year, then I’m guessing there will never be a copper mine in Minnesota, and we can write this thing off.