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

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

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To: Sleeper who wrote (547)	4/4/2000 1:52:00 PM
From: Jason Marcotte	of 976

I view the financing as good news for PDL. Had PDL done an equity financing a few years back, instead of taking on a huge debt, then the company certainly would have weathered the drop in palladium prices to the $120 level, and would have been making money for the past 2 years by now. I further note that an equity issue will enlarge the currently very small float, bringing in new investors (possibly tech refugees!) and perhaps create a mutual fund/ financial analyst following. With the kind of cash flow this project will throw off, an extra 6 million shares won't matter. It may mean the difference between a $40 share and a $30 share, but I am willing to accept those kind of returns. Jason

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