North American Palladium(AMEX:PAL)- PGM Producer Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Gold/Mining/Energy : North American Palladium(AMEX:PAL)- PGM Producer

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Ptaskmaster who wrote (541)	4/4/2000 6:48:00 AM
From: Sleeper	of 976

All current shareholders will be diluted down, including Pat Sheridan. But he does have that increase in his NSR for consolation. I can't tell you how relieved I am to learn that Pat Sheridan is going to be okay! <g> Would suspect that the banks prefer the Pd not be hedged, as the prior experiences with it has been negative, and long term prospects for the metal are strong. Kaiser Frances is clearly the guarantor on this note and the cost overruns, if any, would be borne by them with presumably additional shares compensating them. While the expansion is good news, the dilution is not. I haven't seen the conditions of the secondary yet but presume it will almost double the float. More on this as information becomes available. Sleeper

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next