OTCPK:PALDF - Post by User
Comment by
Westcliff47on Jun 10, 2019 6:12pm
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Post# 29813251
RE:PoP forecast
RE:PoP forecast Let’s be honest this is a lame duck company until it is taken over by another mining company. Brookfield is really not interested in this small company obviously as they were gullible in accepting the advice from some bankers suggesting they sell 5.77 million shares thereby increasing the float but which of course allowed the hedge funds more stock to short without be called on it.. The end result of that fiasco is that the share price has fallen from around $15 at that time in early April to $11.29 today. Meaning that Brookfield is down $175million in reduced share value. BMO and RBC sold these shares to clients who must be thinking they were conned. Even today we are down 46 cents when palladium is up $30 which makes no sense at all.
Yes management were asleep at the switch with regards to the machinery breakdowns and have admitted to paying more attention to maintenance now. But come on despite all that this company last Q had $61 million EBITDA or over $1 per share and we are trading at $11.29? Ridiculous!