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 (540)	4/4/2000 2:28:00 AM
From: Ptaskmaster	Read Replies (2) of 976

Sleeper, thanks for posting the news release, I just saw it. The D word is now in play with at least 36.5 million in new equity coming. And separately, will Kaiser convert his preferred shares, or not? Note that "The credit facility provides that the Company's major shareholder will guarantee all amounts due under the credit facility and fund any cost overruns which occur prior to completion of the mine expansion." Presumably that is Kaiser. Wonder if "the usual conditions" for bank financing will require some hedging? All current shareholders will be diluted down, including Pat Sheridan. But he does have that increase in his NSR for consolation. Ptask

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