Go PAL go! At $3.34
I'm guessing the USD must be down again today?
Palladium hit over $390 last night. As I have said before I really like this stock over the next few months, no matter what this stock will trend higher as the price of Palladium goes up. That said, this stock has a cap on it until they reopen the main palladium mine. Good news is I think our day in the sun may be coming soon. On December 11th 2007 the company sold 20M shares that also came with a warrant to purchase an additional 1/2 share of stock at ~$5. These warrants expire after two years (end of next week). Management said one of their investment conferences earlier this year that they planed to open the mine (paraphrasing)
when palladium is consistently between 325 and 350 . Now that Palladium is quickly approaching $400 an oz, lots of rumor that PAL has been hiring miners for the past week or so, and the warrants are up at the end of next week - I think we might hear something by the middle of January.
All speculation, but this makes all the sense in the world to me.