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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


OTCPK:PALDF - Post by User

North American Palladium Ltd (New)
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Post by xyellowkniferon Jul 07, 2019 8:02am
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Post# 29893125

Brookfield made a wise investment

Brookfield made a wise investmentJust responding to kitchensink2. Back in June 2013 Brookfield loaned NAP 130 million US and provided a 60 million revolving loan. The 130million US loan was at 15% per annum interest rate!!!! to be paid off by June 7, 2017. Now this is just approximate but Brookfield received 53 million shares+/- in exchange for the loan. Based on their sale of $10 per share US (13CDN) their stock had a minimum value of $530 million - not bad for a loan of $130 million. I just hope that Brookfield now wants $20 a share - they deserve it (as do we).
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