North American Palladium Ltd. (fka PALDF)

[geophyte]

As usual, you are looking at ancient history. That 6K talks about Q3. They processed a BIG stockpile in Q3 that is now gone. In September they laid off many workers, stopped mining the stockpile and downgraded their production forecast. Their AISC were in orbit with promises things will only get worse. I expect BAM is hoping for enough of a rebound that they can sell this thing to a company desperate to make a deal. I would not be surprised if they sell it for less than US$100 million just to unload it. I estimate that right now they are putting about C$4 to 5 million in each month to make up cash shortfalls.