North American Palladium: Is It Really Possible To Avoid Bankruptcy?
- North American Palladium is struggling with its debt problem getting out of control, and shares outstanding climbing exponentially.
- The company is losing cash on every oz of palladium it is producing now. All-in sustainable cash (AISC) is well over the actual palladium price.
- PAL will have to restructure its debt either by declaring bankruptcy or use CCAA, in my opinion.