There is absolutely every reason for the share price to rise
In the coming months. Using pre-2008 crash pricing as a reference point (without considering the Sleeping Giant) when palladium was at $582, PAL was trading at $9.28. Palladium is currently $100 higher than in 2008 with the current price trading at significant discount to NAV.
Current quarter is going to be much higher with Palladium currently $200 higher than the average price for third quarter which was $495. Most if not all of this $200 is profit since production cost shouldn't change. At todays price PAL would have made over .06 cents a share. Things are only going to get a lot better.
I'm pretty sure that PAL has had some serious dilution since the last palladium spike. I don't remember the timing completely, but they did an offering... I think a year or two ago. My apologies if my info is incorrect.
Ford sold more vehicles in India in the first six months of 2010 than for all of 2009. Vehicle sales this year are expected to hit 17 million in China. Until we see wholesale conversion to electric and hydrogen vehicles the demand for PD will only increase. That means a stable upward bias to the price of PD. PAL investors should do well over the next couple of year. GL-IA