Replies to post #6768 on North American Palladium Ltd. (fka PALDF)

[Dobie Lama]

PAL
Well, you have the chart peeps explanation about the volume spike and we may have some news about the following event:

The second tranche of the Offering (as well as the exercise of the Warrants issued in the First Tranche) is subject to disinterested shareholder approval. The Company expects to hold a shareholder meeting on or around March 18, 2014, or on such other date as the Company determines. The completion of the second tranche of the Offering is subject to the approval of the TSX, NYSEMKT, all other necessary regulatory approvals and the settlement of definitive documentation, among other conditions. If approved by shareholders, the Company expects to close the second tranche of the Offering on or around March 30, 2014. There can be no assurance that the second tranche of the Offering will close when anticipated or at all, or that the terms will not change.

http://ih.advfn.com/p.php?pid=nmona&article=60879212

[weewillywinkie]

There was news in Canada and remember that PAL is a Canadian company. The news was that the share price forecast has been reduced from 50 cents to 30 cents. This news caused selling by investors, and that is the intent of those who released the reduced share price forecast. As investors sell out of fear they buy and the negative news helps to minimize the spike in price caused by their significant buying. When they say buy, sell and when they say sell, buy.


It is nothing it's nothing says the buyer, but when he goes his way he baosts. the Proverbs of Solomon.

The good news is that they're pumping bad news, and they are doing that because they are loading the boat.