Polymet Mining Corp (PLM)

[hacked-off]

Just talked to investor relations at PLM. Tony said the following:
1) He is just as mystified by the trading as we are. He said they don’t know who is making these trades but they are being made through odd means, not through standard retail brokers. They appear to be computer driven. He said it is not a board member or exec of PLM and it is not Glencore. (IMO, that leaves market makers or a big short seller manipulating the market.)
2) He said there is no hidden bad news. Only 2 permits remain: a MN air permit from pollution control board and a federal 404 permit, both of which could only be applied for after other permits were in hand. The company expects these later this year or early next year. The permit to mine included a provision that none of the permits granted last week can be contested...so no new lawsuits in that regard anticipated. There are still 2 suits regarding land swap. PLM still hopes to get the swap included in legislation by the senate...a reason to vote Republican. If this gets passed, lawsuits go away.
3) He said PLM is doing nothing but presenting at trade shows to stimulate instutional investor interest...said it would be illegal for the company to do more than that. (Seems to me if we got a deep pocket buying, the manipulator would be crushed.
So, I guess we hold. I’d even consider buying, but my wife would kill me. PLM is already a disproportionately large fraction of my portfolio. And she’s right; I’ve done stupid with zeros after it in the past. The last few days have convinced me that we are gambling in a crooked casino.