Unfortunately for shareholders of PAL the Canadian dollar has appreciated about 8% against the US$ just since October 1st, 2007. Since Pd prices have not done the same, the terms of trade are working against PAL. Q4 will be worse than Q3 and cash flow is likely to be negative in this quarter, vs the paltry $4 million in Q3. This company will certainly need new equity capital in the not too distant future to keep all the balls in the air (Offset zone, Shebandown, Finnland) Look for dilution.
Feed back "...The Company recognized a loss from mining operations of $14.9 million in the third quarter of 2007 compared to a loss of $6.0 million in the same period last year...." Pal is badly managed, it always has been. The only thing which will change this is an 'AXE' in the boardroom. LG