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Gold/Mining/Energy : Canadian Warrants Only -- Ignore unavailable to you. Want to Upgrade?

To: roto who wrote (4365)	5/21/2008 5:36:57 PM
From: UPTICK	Read Replies (1) \| Respond to of 23102

Do we understand he bought 600k + shares in april ???

To: roto who wrote (4365)	5/21/2008 10:58:15 PM
From: PaperPerson	Read Replies (1) \| Respond to of 23102

it does look like George Bruce Kaiser, individually, was a big buyer of North American Palladium in april at c$5.19, at least on that canadianinsider.com site. On edgar, I did find a 13D filing from february 2008 by his privately owned kaiser-francis oil company which does help elucidate the general process mr. Kaiser is pursuing regarding PDL (PAL on the amex). This 13d is an SEC form used to update changes in ownership by major shareholders. It looks like he is taking stock as payment for convertible bond debt from PDL. I interpret this as a very good thing, since the action eliminates debt and since it shows mr. kaiser's continued confidence in the PDL's future. At the same time KFO is picking up stock this way, it is selling stock as well. I have not studied it enough to know if he is a net dumper or net buyer, but i think it is mostly keeping the ownership by KFO at just under half and doing a little horse trading on the side as himself. just a loose guess. Here is an extract from the 13D: "Filed by Kaiser Francis Oil Company In Connection with Transactions in the Shares of North American Palladium, Ltd. Pursuant to SEC Rule 13d-2, Kaiser Francis Oil Company, a Delaware corporation (“Kaiser Francis”), is filing this Amendment No. 6 to its Report on Schedule 13D to report the closing of a recent transaction the effect of which was to change its beneficial ownership of shares of the common stock (“Common Shares”) of North American Palladium, Ltd. (“North American” or the “Company”). Items in Kaiser Francis’ Schedule 13D (as amended by its Amendment Nos. 1, 2, 3, 4 and 5) that are unchanged are excluded from this Amendment." "Since the date of Amendment No. 5 to this Schedule 13D, Kaiser Francis has received approximately 917,288 shares of Common Shares as payments of interest or amortization of principal on the Convertible Notes acquired by Kaiser Francis in 2006. The terms of the Convertible Notes, including the method by which the value of Common Shares issued to Kaiser Francis has been determined, have previously been filed, or incorporated by reference, as a part of this Schedule 13D. Since the date of Amendment No. 5 to this Schedule 13D, Kaiser Francis has sold approximately 1,000,000 shares of Common Shares for total consideration (net of commissions) of $9,048,036. Additional information regarding such sales is set forth in response to Item 5 below, which information is incorporated by this reference into this Item 3." "Kaiser-Francis holds 45.4% of North American Common Shares..." as of february, Kaiser francis held 38.4 mm shares of PDL/PAL, which amounted to 45.4 percent of the shares outstanding at that time. I am really not worried about this guy giving the stock a bath. he is a billionaire and this is a hobby company that he loves and has nurtured thus far!!! he has his own man on the board, also. his little PAL is finally finally showing some decent profits as of the first quarter. Would you dump it now after being its mainstay all these years, if you didn't have to? Nope. You'd push the ride for AT LEAST ANOTHER YEAR and get that palladium-platinum thing going in high gear via the arctic platinum joint venture with goldfields. Which, if you haven't studied it, is worth reading up on. i posted some links a long time ago on that one. try it on google with goldfields. Michael