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: Dundee Maples who wrote (480)	2/24/2000 9:13:00 PM
From: Ptaskmaster	Read Replies (2) of 976

Palladium ignorance and stupidity.- "Miami, FL, February 24 /SHfn/-- Platinum price speculation has been reigned in. Yesterday, the Japanese ruled against additional rampant speculations in palladium.... ----snip---- "The two platinum/palladium exploration companies that are ripe for shortselling are Stillwater Resources [SWC] and North American Palladium [T.PDL].... ----snip---- "...It should be noted that PDL is not actually producing palladium, just hoping to develop the mine. That costs money. While the recent rally was encouraging for the company, will they actually raise the money? How long will it take to construct the mine? Will it be on schedule? There are a lot of conditionals on this one. It is more vulnerable to a very serious correction than SWC, because it is in the tricky developmental phase of the mine.... ---snip--- Technically, the potential percentage drop in PDL shares could be more rewarding. A C$5.25/share base was formed between January 10th and 20th. A commodity plunge would bring about a severe investor exodus in PDL and SWC shares - more so for PDL because they might never produce any palladium. The reward/risk is greater in shortselling PDL shares in the C$10/share range. A stronger shortsale position can be leveraged against the stock and the percentage gain is in the shortseller's favor." Pulled off the SI Flag Resources (FGR.A) board Message 12967640 Ptaskmaster

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