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Bullboard - Stock Discussion Forum 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... see more

OTCPK:PALDF - Post Discussion

North American Palladium Ltd (New) > Do you Guys Think This is just a big Cleanout
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Post by BillionaireBoy on Apr 06, 2019 12:58am

Do you Guys Think This is just a big Cleanout

of Retail investors by the bigger institutions to accumulate as many shares as they can before they go long and bring the share price up substantially? After all, the secondary offering closes very quickly on April 16th which is only 10 days from now. I find it not only annoying but also misleading that the CEO of PDL was saying that the share price should be in the $40 range based on fundamentals prior to the secondary offering and then we get a $13.00 Secondary Offering suddenly sprung on us! GLTA Longs.
Comment by astevens on Apr 06, 2019 3:19am
It is difficult to say from where Friday's selling came, but the volume was high and the share price movement suggests that it was supported by the underwriters.  Jim Gallagher is of the view that the aggressive selloff at the beginning of March was driven by algorithmic trading.  Short selling was clearly responsible as shown by https://shortdata.ca/stock/PDL.TO/.  I doubt ...more  
Comment by macdtrader on Apr 06, 2019 7:07am
Most traders know that the stock is dead money for at least 10 days, within a 10% range of the issue price, so will reallocate funds to other movers untl the closing date with all or part of the position .  They re enter the positon near the closing of the financing.  I'm one of those guys.  The price is going nowhere until the 15th.  WM could double by then and other ...more  
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