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North American Palladium Ltd. Message Board

  • shed_some_light shed_some_light Nov 22, 2007 11:49 AM Flag

    If they hurry PAL can sell next years production here at $345

    maybe the sales manager is waiting to get a lower price tomorrow


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    • Metals Marketing
      Currently, the Company is delivering and selling all of its palladium production into the spot market with one or more commodity dealers and manufacturers. For the three months ended September 30, 2007,

      Forward Contracts
      The Company enters into forward contracts from time to time to hedge the effects of changes in the prices of metals it produces and foreign exchange on the Company�s revenues. Gains and losses realized on derivative financial instruments used to mitigate metal price risk are recognized in revenue from metal sales when the hedge transaction occurs.
      *****Currently, the Company does not have any forward contracts in place.****

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