Wednesday, April 23, 2014 2:33:13 AM
This is from February 2014 and since then we knew the full Dilution Terms and as well the CV and Warrants - Terms. Once they announced those Terms and the Fixing Dates, the market went ahead and sold. From this Point of view; all is escompted.
PAL got all the Money they were looking for.
If and when PAL can Show to the market that the the production costs are in the range of $ 450/470 and with a Palladium Price staying above $ 700.-- PAL certainly will not Need further Money as they could refinance them through the positive Cash-Flow and even reduce debt.
For me it Looks that PAL has to fullfill the Technical Pattern to satisfy everybodie's Needs. It is always the darkest at the end of a cycle when all bad Points are known.
PAL got all the Money they were looking for.
If and when PAL can Show to the market that the the production costs are in the range of $ 450/470 and with a Palladium Price staying above $ 700.-- PAL certainly will not Need further Money as they could refinance them through the positive Cash-Flow and even reduce debt.
For me it Looks that PAL has to fullfill the Technical Pattern to satisfy everybodie's Needs. It is always the darkest at the end of a cycle when all bad Points are known.
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