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 (808)	12/23/2000 12:25:55 AM
From: Elizabeth Andrews	Read Replies (1) of 976

They're also selling to cover margin calls. And, let's not forget the broker with the greenshoe which is probably where most of it is coming from, selling the winners out of fear of holding the losers. If Pd stays where it is (?) then PDL could have cash flow of about US$150 million at 15,000 tonnes per year. So, in C$ that works out to C$4.75 per share. Time to buy some more as it should start discounting the cash flow from the expansion and trade at 6X expected cash flow soon. I'm raising my greed target to C$30 per share. This might happen when most other companies have lower or no cash flow like the tech stocks you are referring to.

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