Among the rarest metals on earth, PGEs face constrained supply and very strong demand growth amid the ‘greening’ of economies globally.
Palladium, platinum and rhodium are critical components in catalytic converters that turn toxic auto emissions into less harmful waste products.
Nickel and cobalt are critical raw materials in the production of electric vehicle batteries. We expect that the electrification of global car fleets will result in exponential increases in nickel demand.
Our Big Bet
We hope that GAL will continue to expand its recent PGE discovery, hit more high grade zones, prove commercial potential and ultimately be taken over, possibly by IGO Ltd (8.3% GAL holder) based on its previous track record.
Mark Creasy (26.8% GAL holder) was Sirius Resources largest shareholder when it was sold to IGO in 2015. We really like IGO and would love to one day acquire IGO shares to hold as a dividend play.
General updates from GAL
👀 Mark Creasy purchases $1.74M in shares on market [16-May-2022]
📰 AFR: Fund managers tipping GAL as IGO’s next takeover target [07-Jun-2022]