North American Palladium Ltd (New) PALDF

Metals & Mining Industrial Metals & Minerals

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

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North American Palladium Ltd (New) > Lack of tradable shares

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Comment by alwil106on Mar 08, 2019 10:17am

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Post# 29460715

RE:RE:Lack of tradable shares

That's what PDL said in reply to my e mail.
Thanks for your note and interest in NAP. Although our fundamentals are very strong there is no doubt that the very rapid run up last week and the subsequent sell of this week is a result of a very small float combined with the impact of algorithm-driven trading.

but if you compare the chart for palladium bullion and PDL they are running 1 for 1, whereas the shares should be twice as expensive.

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