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Gold/Mining/Energy : North American Palladium(AMEX:PAL)- PGM Producer
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To: Sleeper who wrote (755)11/15/2000 1:06:22 AM
From: Elizabeth Andrews  Read Replies (2) of 976
 
I think you're wrong about the preferred being retired. I think it was converted into common shares as well as the dividend owing. It's the only way Kaiser could have gone to 55% equity interest I think. Would they buy shares at C$9.50 whilst they had an option to convert preferreds at C$1.10?

I agree, I don't think it has seen its highs. I'm looking for a thrifty entry point as there has to be some short term bad news doesn't there? Also, the stock is still not widely followed and you and I know more about it than most mining analysts. Let's wait for the CIBC buy rating to sell, finally.
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