New Buy: Palladon Ventures
This is actually an old purchase that I had sold out of. Today’s press release confirmed my initial thesis on the investment. I bought a very small stake, less than 1%, on PLL today. The company has started shipment of iron ore and figured out all the parts of getting the product shipped to the port, Richmond, CA. The first shipment should be completed by July 2010. If all goes well, we can see major increase in shipment.