I am surprised that an offer has not been made yet. If I had the cash, I would like to buy the company at these cheap share prices. Their 100 mil debt and more money needed is the big deterrent, IMO. But I would think big money investors would look beyond that as trivial, as long as there is lots of palladium in the ground, and a shaft near completion.
You and me both! I just was reading in last week's Barron's about how mining and technology companies in stable areas are terribly undervalued and ripe takeover candidates.
With SWC's strong earnings yesterday I think it is a very prime takeover target. But if PAL comes in, SOMEWHAT DECENTLY, I think it could even be a better takeover target since it has been so badly run and is more downtrodden than SWC. It could go for at least $3 and I think closer to $5 if things go badly in South Africa in May and auto sales continue their surge.