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) > Brookfield

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Comment by Goldbug52on Oct 17, 2019 11:29am

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Post# 30240011

RE:RE:RE:Brookfield

mouserman wrote:

TG1960 wrote: Brookfield just started the process...there will be higher bids including from Implats mes thinks.

Implats wont make a higher bid unless a competing bid appears. They already have a clause saying they have the right to match any offer.

I looked at the Implats web site. I looked at their presentation of their buyout of PDL ( North American Pall.) What stuck out to me was the large sum of money they needed to finance this deal! Implats does not seem to be that strong financially. Even if they have that clause allowing them to match a higher offer, I think, they would have difficulty raising the additional funds if a really big boy were to make a superior offer, say, a 50% premium over the last price before this crappy deal !!

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