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: Bruce Robbins who wrote (582)	5/22/2000 10:20:00 AM
From: Sleeper	Read Replies (1) of 976

Bruce, while everything you say is true concerning Saf and the Pt/Pd supply & demand situation, the fact that other major players have begun discussing increasing production has given the PERCEPTION of a potential equalibrium in the markets. Of course it will be years before the production comes on line as you correctly point out, but the average investor hasn't taken the time to fully investigate the matter (IMO). Dilution in NAP's case is for mine/refining expansion with lessened borrowing and hence debt service requirements. Again, the average investor may not know this. After some thought, I have concluded that increasing the float is a smart way to raise money for NAP. With so many battered investors, rising interest rates and margin calls, I believe NAP has been taken out and shot (unfairly) along with the other mining stocks. I still consider it a good long term play, with excellent margins. I f successful in their mine expansion, NAP could eventually produce 5% of the worlds Pd. Good luck investing Sleeper

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