Regarding Palladium, if you have not purchased any this year, then I suppose you should make some purchase. The price is not pretty - but you told me to budget for $1000/t.oz, so it's at least better than that. Per the email we exchanged last February, we anticipate a loss of 58 kg this year.
Also - with respect to Pd, it seems that our Dow colleagues also use Pd for their PO catalyst. Komson, one of their local business managers, recently asked me for some information on Pd leasing, they have never done this before locally. Would you be open to a brief conference call to discuss considerations and risk approach if he requests it?