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Stillwater Mining Company Message Board

  • alex1444 alex1444 Mar 22, 2013 10:36 AM Flag

    Something good seems to be happening here.

    SWC has been rallying during the past several days. Perhaps there's a feeling that Frank McAllister will actually be ousted. SWC has put out several PR releases in an obvious attempt by Frank and the board to retain their positions; the tone ("the other guys are self-serving, waaaaaahhh") smacks of annoyed desperation. It may be an indication that Frank & company seriously believe that they can lose the vote, and that could be why the shares are rallying this week.

    Also note that earlier this month, one of the newest board members (joined in August of last year), Gary A. Sugar actually PURCHASED SWC shares. That's right, he bought shares of SWC with his own money. Not "acquired for $0 cost" (i.e. handed free shares to himself, the way Frank does it), he bought them. Incredible - when has that EVER happened in the past at SWC? Only 5,000 shares, but it's something, and it was only two weeks ago. Maybe Mr. Sugar realizes that Frank's goose is cooked too, and wants to
    participate in the post-Frank rally.

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SWC
11.60+0.05(+0.43%)Jul 2 4:03 PMEDT