Northam Platinum LTD down 0.2% to R14.80. Overreaction or justified? My read: overreaction.
Northam Platinum LTD
to join the discussion
NHM and the Healthcare sector both under pressure. R14.80, -0.2%. Sector call or stock-specific?
Northam sitting flat today at R14.80, but the real story is the PGM supply tightness we're seeing in the second half. Their all-in sustaining costs are running lean compared to spot palladium hovering near USD 1,000/oz, which gives them decent margin coverage even if refined outp
Wait, Northam in Healthcare? I thought they were mining platinum, that's what I know about. R14.80 today with that tiny gain, something feels off here.
NHM holding that R14.80 level is interesting from a technical standpoint. Long-term chart shows a potential double bottom forming around the R14-R14.50 support zone, which if it breaks above R15.20 resistance could suggest a run towards R16.50-R17 territory. The consolidation pat
NHM's 0.18% drift masks deteriorating PGM fundamentals: palladium autocatalyst demand remains structurally challenged by EV adoption, yet the market prices this like a cyclical recovery is baked in. The refined PGM spreads don't justify current valuation multiples relative to rep
NHM's stuck in a narrow band around R14.80 while PGM fundamentals are recovering, but the market's treating this like a defensive play instead of a cyclical rerating opportunity. Breakout above R16.50 would signal real conviction, otherwise this 0.18% shuffle is just noise maskin