North American Palladium Ltd (New) PALDF

No apparent reason for this decline.

[onepoint618]

The 2018 Feasibility Study shows increasing production out to 2023. The net income for Q4 was $77.5 million when palladium was selling for under $1,200 per ounce. The net debt at 12/31/18 was $36.8 million, down from $74.5 million at 12/31/17.  With palladium now selling for over $1,500 per ounce, the net debt should be zero and PDL is on its way to earning $6.00+ per share for the year. Unless there is some news that we are unaware of, this stock should be an outstanding buy situation.

[BillionaireBoy]

I completely agree with this. The only reason for this pullback is that nothing goes straight up and it needed a technical pullback. Also, shorting this stock would be extremely risky given its volatility. The share price closed near its low of the day which is usually a bad sign. I wonder if the share price will move higher faster after this temporary pull back? There should be less resistance

[macdtrader]

My GUESS is a capitulation sell in the first hour tomorrow morning , then heading back up again.

[HDP18]

I don't want to sound cynical and rather remain objective but here are my 2 cents. The stock, based on reported officialy audited earnings earnings is making numbers to support a 30 share price (IMO), provided Palladium stays at current levels. It looks like it will, if not go higher given supply shortage. Now, why the massive drop? Well, PDL doesn't need to do a secondary offering so

[HDP18]

Mean to say Brookfield Business Partners...

[macdtrader]

All possible.  Brookfield at 91%,  already has enough stock to do a private offer, so I doubt it's that.  

[HDP18]

So maybe the shorts saw an easy, thin traded stock to kill

[KLFLYING]

that's what i have been saying , $5m capital and they made the killing, $14ish to $15 will rebound V shape,

[diabase1]

I concur with everything you said. As Brookfield is an insider, they would have to report any trades.