Its a canadian mining company. They lie, they cheat, there balance sheets are always in question. An youre wondering why SWC is flying an PAL sometimes even goes down when the metals rise?????? Cause these canadian companies are full of crap.
if you look at the past 3 months swc has virtually the same gains as pal...also pal's problems now are because the top shareholder sold 4mil shares...if it was not for that it would not of been going down of late
It seems they've skimmed some cash, hopefully to put to good use growing and strengthening themselves, which can only help NAP as well. To me selling appropriate amounts into strength is a good practice. They own enough shares to cripple the company yet they chose to just ease the throttle a bit and settle things down. Afterall, they do continue to have a large interest is NAP, so they wouldn't do anything stupid to their own value.