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Bullboard - Stock Discussion Forum North American Palladium Ltd (New) PALDF

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... see more

OTCPK:PALDF - Post Discussion

North American Palladium Ltd (New) > Options never went to market
View:
Post by Texasliam on Mar 09, 2019 10:15pm

Options never went to market

I wrote Mr. Gallagher, CEO.  He explained that the options were purchase by the company and deleted.  They never sold on open market.  It’s always been handled that way. I believe him.  So look to computer algorithms and short players
Comment by alwil106 on Mar 10, 2019 4:54am
I  suppose even if the PDL officers and employees, could not afford to purchase that amount of options, Brookfield and Associates could take them off their hands without bringing them to market. Erick Sprott would probably like to  mop them up for $5.97 These people could afford to transfer the options to shares without having to sell shares to raise cash for the purchase of options. I ...more  
Comment by Texasliam on Mar 10, 2019 9:10am
Quote: market and certainly did not contribute to the rapid sell off.  In fact management and the board have recognized the potential impact of selling shares into the very small float that exists for NAP and recently the board approved a process whereby the company has bought back vested options and canceled them. This process does not impact the share price and does not dilute ...more  
Comment by alwil106 on Mar 11, 2019 3:30am
That is good to hear. Thanks.
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