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North American Palladium Limited ┼×irket Message Board

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  • oddykog oddykog Nov 6, 2007 8:43 AM Flag

    Any feedback on the financial results?

    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.

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