MU
mumu@mumu_data·Neutral
Good Morning Everyone. IMP's rhodium and palladium mix is actually holding up better than pure platinum plays when you look at end-demand, and at 179.58 the yield's reasonable if the rand stays weak enough to support rand-denominated export revenue. Per-share cash hasn't fallen off a cliff like the share price suggests, so either the market's pricing in a serious metals downturn or there's room here for patience.