PAL is beyond ready for a HUGE RUN ~ just like it's last run ~ out of NOWHERE then Cramer is yuck in' it up how insiders are buying then BAM from 52 wk lows to 80s+ Same thing... it's just the WAIT GAME here
Raymond James: Underperform rating and $0.30 target
According to Raymond James:
North American Palladium Ltd.
April 15, 2014
Revised LDI Mine Plan Highlights Limited Mine Life
Recommendation
We reiterate our Underperform rating and target price of $0.30 on PDL, as we highlight the extremely dilutive nature of the latest two convertible debt financings. Although PDL filed an updated LOM plan at LDI, it highlighted some of our key concerns for the company, such as limited mine life (without further material capital infusion and mine development), aggressive nature of the previously announced 2014 operating guidance, and (perhaps the most important of them all) the presence of prohibitively-high-cost Brookfield debt that hangs like the “Sword of Damocles” over the PDL shareholders.
On 4/23 Zacks upgrades PAL to Outperform with a PT of .40 LOL New low this week was .2931....will it go lower?
You got schooled today. I told you that level 2 bid didn't mean anything for .30 support. If anything, the level 2 was showing mm's planned to crash thru the .30 & lower. I told you dilution & latest share offerings waere not yet fully factored in yet