Impala Platinum Holdings: Nearing A Cyclical Bottom [Seeking Alpha]
IMPALA PLATINUM HLDGS ADR (IMPUY)
NASDAQ:AMEX Investor Relations:
implats.co.za/results-and-presentations.php
Company Research
Source: Seeking Alpha
Despite recent poor results, the eventual upswing in PGM prices will create a buying opportunity for long-term investors. Attractive demand opportunities and PGM deficits suggest the potential for price increases in the future. Shares are a buy with a floor of $3. Investment Thesis Impala Platinum Holdings Limited ( OTCQX:IMPUY OTCQX:IMPUF ) is an undervalued PGM miner that has recently struggled due to chronically declining PGM prices. I believe investors should take a long-term focus and buy with the patience, knowing that many PGMs are significantly undervalued. Despite recent poor results for the last six months ended December 2023, I believe the eventual cyclical upswing in PGM prices will move revenues and profits up for Impala, creating a buying opportunity for long-term investors. Attractive demand opportunities from industrial, automotive, and hydrogen combined with significant PGM deficits create the potential for price increases in the long-term future. Investors m
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News
- Gold hovers near one-month peak on slowing U.S. inflation [CNBC]CNBC
- Gold hovers near one-month peak on slowing US inflation [Reuters]Reuters
- Implats Slashes Spending as Profit Slumps on Low Metal Prices [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Zimbabwe Central Bank Accumulates Almost a Ton of Gold Reserves [BNN Bloomberg (Canada)]BNN Bloomberg
- South African Platinum Miners' Profits Slump on Lower Prices [BNN Bloomberg (Canada)]BNN Bloomberg