Thanks laser1 for communicating about our concerns. At least the...

Thanks laser1 for communicating about our concerns. At least the reply from the chairman gave us a bit of hope. IMO, using contractors is OK as long there is one PGM person to overlook their work at full time - this would normally be a CEO.

PGM owns fantastic resources and my worry is that someone might want to take opportunity of low SP and buy PGM out. I've just read @rayz post on ARV thread how much palladium price has been going up recently - I've pasted it below:

PALLADIUM​

Ever since 2012, less palladium is being produced than demand would warrant. This deficit rises to slightly less than 1 million ounces per year, in a total global market of 9 million ounces.​

A very significant deficit. It is generally acknowledged that there are two sources of palladium stocks that in the past have filled the gap.​

First, the Russian stocks of Norilsk and the Russian Central Bank. And secondly, a stock of unknown size in Switzerland. It is now said that both stocks are no longer delivering palladium to the physical market.​

​

What we see now is a huge increase in the so-called lease rates. Precious metals are often leased, so that actual physical purchase does not yet have to take place. This avoids large upfront investments and the need for storage space.​

The annual cost for this lease is called the lease rate. Such an explosion in the lease rates is extremely unusual. We saw them briefly in the precious metals shortly after the credit crisis. ​

We also saw a mild variant in silver, in 2011, some months before the price of silver went through the roof due to real physical shortages.​

Some analysts see the explosion in palladium lease rates as a pretext for the overflow of the highly strained palladium market into real physical shortages. In that case, a significant price increase in palladium would be the only logical consequence. ​