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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

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North American Palladium Ltd (New) > Brookfield made a wise investment

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Post by xyellowknifer on Jul 07, 2019 8:02am

Brookfield made a wise investment

Just 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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