Rhodium
BYRG Platinum & Rhodium Mining RevivalOTC:BYRG Buyer Group International, Inc.
Rhodium Price 2013: $1,000
Rhodium Price 2021: $29,000
Revival and funding of BYRG has been taking place for the past couple months. Back in 2013 they're claims had a $1.3 BILLION valuation when Rhodium was only $1,000 per ounce. Currently today Rhodium is worth $29,000 per ounce and has become one of the most sought after precious metals. They also have Uranium and Platinum assets in the same location. There is only 1 other company successfully mining and producing Platinum in the USA and that company is Sibanye Stillwater (SBSW) out of Colorado. NYSE:SBSW is currently trading at $16.83.
Updates have been appearing on OTCM which means the CEO is getting the company on the correct direction. I have reached out to the CEO David Bryant many times and he is aware of the current changes going on in the OTC marketplace and he is working on getting BYRG pink current by the deadlines. He is doing everything by the book and taking the appropriate steps to become PINK CURRENT.
Updates:
5/13/2021 - OTCM updated the share structure with a TA verified signature
5/14/2021 - New officers updated:
David A. Bryant - CEO
Nancy Bryant - Secretary
5/16/2021 - BYRG Authorized Shares Reduction: Reduced from "unlimited" to "50 Billion"
(seeing these updates, share structure reductions, shows they are cleaning up for a great future)
6/17/2021 - Company profile changed on OTCM: "Buyer Group International Inc is a development stage company targeting acquisition opportunities in the commodities space with recurring revenue streams to maximize share holder value"
All the steps have been taken to achieve a "verified profile" and to start seeing filings for BYRG.
As you can see from the daily chart, BYRG has been trading at very low volume but still following a strong trend upward. Between volume and the accumulation you can tell this is locked and people know what they are holding. In my opinion I think this will still look cheap when it hits multi pennies. We should see further updates and filing VERY soon.
A Sharp Correction After The Incredible Rhodium Price ExplosionThe rhodium price crashed in March by 32 percent but is recovering already. Still the rally of the last months and years stays impressive.
The reason for the bull run is a tight supply and a strong demand. The causes of the jump have not yet disappeared and may last longer.
Not only rhodium is scarce, but its ETC (XRH0), too.
The largest rhodium producers, Northam Platinum and Impala Platinum are listed primarily in Johannesburg, South Africa. (But also available in the OTC market in the US and Germany.) The big multinational commodity holding Anglo American is another main rhodium (and platinum) producer. But much of its revenue comes from other raw materials. (Rhodium can’t be found in pure form. It is a byproduct of platinum, nickel, and palladium mining output.)
Main rhodium minders surged 400-500 percent in last years. But the economic recovery, expected in the middle and second half of this year, may further increase the buying pressure on rhodium and miners.
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