Palisades Goldcorp Ltd. ( (TSE:PALI) ) has shared an update.
Palisades Goldcorp Ltd. has announced a strategic move to invest excess cash into physical gold, silver, and platinum bullion, highlighting its commitment to preserving purchasing power and enhancing long-term value for stakeholders. This decision is part of a broader strategy to leverage tangible assets that are less susceptible to manipulation by financial systems, offering protection against inflation and currency devaluation. The bullion will be stored with Silver Bullion Pte Ltd. in Singapore, providing secure and segregated ownership. This investment complements Palisades’ existing portfolio, reinforcing its resilience against market volatility and its role as a steward of enduring wealth.
More about Palisades Goldcorp Ltd.
Palisades Goldcorp Ltd. is a resource investment company that focuses on junior companies within the resource and mining sector. It aims to acquire equity in pre-initial public offering and early-stage public resource companies with high-quality projects that are either undeveloped or undervalued. The company targets companies needing financial resources to reach their potential, are undervalued in capital markets, or operate in jurisdictions with low to moderate political risk. Palisades is listed on the TSX Venture Exchange under the stock symbol ‘PALI’ and holds a diverse portfolio, including a significant interest in New Found Gold Corp.
YTD Price Performance: -2.60%
Average Trading Volume: 18,773
Technical Sentiment Consensus Rating: Strong Buy
Current Market Cap: C$75.15M
For an in-depth examination of PALI stock, go to TipRanks’ Stock Analysis page.