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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 invest234on Aug 23, 2019 4:34pm
49 Views
Post# 30060318

RE:Nornickel

RE:Nornickelthat presentation on page 29 shows norilsk pd sales increased by only 1% in h1.
when pd plunged $100 there were articles saying norilsk pd production increased by 10% in h1. that sounds like the media reported the more negative number on purpose to plunge the pd price.

according to norilsk, q2 pd production actually dropped 1% from q1.
https://www.nornickel.com/upload/iblock/611/Production_Report_1H_2019-_ENG_full.pdf

instead of reporting a 1% drop in production q to q, the media reported a 10% increase in production h1 to h1. that kind of selective reporting looks like manipulation and it worked dropping pd by $100.

the production report says The increase of PGM output was due to a release of accumulated work-in-progress inventory at Krasnoyarsk Precious Metals Refinery. they released it to fill the deficit gap. without that release, h1 production would not have increased by 10%.

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