PAL---North American Palladium: A Mine On A Collision Course With Reality. Jun. 27, 2014 7:10 AM ET | About: North American Palladium, Ltd (PAL), Includes: SWC by: Fun Trading Disclosure: The author has no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. The author wrote this article themselves, and it expresses their own opinions. The author is not receiving compensation for it (other than from Seeking Alpha). The author has no business relationship with any company whose stock is mentioned in this article. I may buy PAL around 0.15/0.16 as a quick trade, assuming no threat of reverse split. (More...)
Summary
•North American Palladium had its annual special meeting of shareholders on June 23rd, 2014, and issued a new presentation. What has changed?
•A quick analysis of the numbers and forecast is showing an alarming trend that places PAL on a collision course with reality, despite a bullish palladium price.
•All-cash cost is well above the actual palladium spot price. An uphill battle with only one winner: BAM.
