Pacenet - I agree, why would anyone sell without knowing if there is an offer on the table
We will know during the next CC. And if they say, Greg Struble is the new CEO, then that is fine with me. Look, it appears from the last two PR's that PAL has turned its operation around, and is focused on execution. Instead of telling a story about Vezza.
I take profits when there is clear indication events are not going well. I see the exact opposite. I can see PAL with a 700m market cap based upon Palladium prices, drill results, new mining shaft, and Struble executing on the plan.
Keep hearing about this thing having problems....what are the problems. Want to buy but not if theres a load of problems, hate canada stocks, especially oil related, all garbage stocks for 4 straight yrs on that TSX oils.
The biggest problems in 2012 were 1) depressed Pd prices, 2), the delay of the major LDI expansion by three quarters, and 3) delay of Vezza gold production and related ambiguity over whether it will be sold (or profitably producing) anytime soon. Also, there was the Sleeping Giant fiasco, but that was mostly in 2011.
All these impacted the rate and extent that cash is used. Pd price is not currently a problem and in fact helps to counter other drains. We should have a clearer picture in two weeks. Price could move significantly in either direction based on a myriad of factors.
The only thing for certain is that clarity has been lacking.
THE NUMEBR ONE REASON I HOLD PAL: A BUYOUT! The Chinese and for that matter, the Japanese, especially with their yen dropping and manufacturing surging, are on a worldwide hunt for scare resources. We know Mitisubi bought 25% of SWC Canadien op and thus I think PAL is a perfect target even with all their problems!