Replies to post #298 on Stillwater Mining Co. (SWC)

[Bill de MT]

No, SWC isn't intending to buy Peregrine to list on the TSX. In looking at the TSX rules this afternoon, TSX only requires certain levels of capitalization, reporting, and a co-transfer agent in Canada. There's no requirement to have a corporate presence in Canada such as an office, board of directors, property, or holdings.

I think the reason SWC is listing on TSX is simply to expand its exposure to investors by getting on a second exchange. And the reason SWC is cooking up the Peregrine deal is because it believes Peregrine is a good business decision. SWC may have some larger strategy of working its way into Canada, but that'd be just speculation on my part.

I think listing on the TSX is a good decision. The Peregrine deal....I'll let you know in 5 years whether it's a good decision. I have no idea right now. I can say it knocked the piss out of the share price. In my opinion, the market won't take it lower because of the Peregrine deal. It may go lower on broader market concerns, IMO.

Welcome to the board!