North American Palladium (PAL -18%) plummets after saying "preliminary findings [at the Lac des...


North American Palladium (PAL -18%) plummets after saying "preliminary findings [at the Lac des Iles mine] identified some negative trends [and] management believes that the low end of … production guidance will be difficult to achieve." Furthermore, operating cash flows probably won't support planned capex and as a result, the company will likely have to tap the debt and/or equity markets this year. (PR)

Comments (1)
  • turfer
    , contributor
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    Ouch Mikey!!! Dat hurts... but I am a long term believer in PAL...load up with money you don't need and wait it out. It's either bankruptcy or payday....With china and India entering the car market, the future is bright for palladium...
    6 May 2013, 02:23 PM Reply Like
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