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North American Palladium Ltd (New) PALDF

North American Palladium Ltd is a precious metal mining company. The company operates the Lac des Iles palladium mine located in Ontario, Canada, which is one of only two primary producers of palladium in the world. The group believes there is exploration upside near this location, and the limited number of primary palladium production areas also offers investors exposure to palladium prices. The company generates the majority of its revenue from metal sales, including gold, nickel, copper, pall


OTCPK:PALDF - Post by User

Comment by Bigseeon Jun 23, 2015 7:24pm
153 Views
Post# 23861581

RE:Big reverse split coming here, probably 50-1

RE:Big reverse split coming here, probably 50-1I agree that a reverse split is necessary, but 1 for 50 would not be sufficient, IMO, given the $50M rights offering which follows.  

I would expect no less than a 1:200, and more likely 1:500.   That assumes that they are able to get the mill production going at a reasonable volume, within a reasonable timeframe.  


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