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To: zonder who wrote (257814)8/27/2003 12:53:29 PM
From: yard_man  Read Replies (1) | Respond to of 436258
 
oversold bounce -- nothing more?? check out where it fell from ...



To: zonder who wrote (257814)8/27/2003 2:57:46 PM
From: Knighty Tin  Read Replies (1) | Respond to of 436258
 
A victim of Ford. They paid too much to buy up most of the world's supply and then sold it for too little. It is bouncing back from their idiocy now.



To: zonder who wrote (257814)8/30/2003 11:47:21 PM
From: average joe  Respond to of 436258
 
stillwatermining.com

montanaforum.com

Norilsk Nickel acquires 5 pct more of Stillwater
Wednesday August 27, 9:27 am ET


NEW YORK, Aug 27 (Reuters) - MMC Norilsk Nickel (GMKN.RTS), the world's largest palladium producer, said on Wednesday it successfully acquired an additional 5 percent of shares in Stillwater Mining Co. (NYSE:SWC - News), according to preliminary results.

Moscow-based Norilsk bought 51 percent of Stillwater, the sole U.S. producer of platinum and palladium, this year for $100 million in cash and about 877,000 ounces of palladium.

Norilsk had agreed to buy more shares as part of the deal to acquire the 51 percent stake. After the expiration on Tuesday of a tender to buy 4.35 million shares from minority shareholders at $7.50 each, it will now own 56 percent of Stillwater.

By acquiring control of Columbus, Montana-based Stillwater -- which has struggled to raise cash after developing two mines that boosted debt but failed to produce -- Norilsk is able to sell the palladium it produces through Stillwater's U.S. facilities.

The tender offer was carried out through Norimet Limited, Norilsk's London-based trading arm.

Shares of Stillwater closed Tuesday on the New York Stock Exchange (News - Websites) at $6.39, a 15 percent discount to the tender offer price.

biz.yahoo.com