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Gold/Mining/Energy : North American Palladium(AMEX:PAL)- PGM Producer -- Ignore unavailable to you. Want to Upgrade?

To: Michael R. Swanger who wrote (210)	4/1/1998 7:39:00 PM
From: Jordan Electron	Respond to of 976

Who are they selling to at a locked in price?

To: Michael R. Swanger who wrote (210)	4/9/1998 2:18:00 PM
From: Jordan Electron	Respond to of 976

Previous annual reports do not mention any significant hedging program with respect to palladium prices. PDL is often described as a PGM speculation. I think this is a typical Canadian scam attempt and excuse by crooked brokers, to steal investment money. Marcotte mentions low palladium prices in Oct 1996 causing low stock price of $4.30. Where was the hedge then? Now with palladium prices soaring, the stock price is even lower. Looks like a fraudulent dealer at a gambling casino. Bre-X was the extreme.