North American Palladium: Debt Analysis And Cash Cost After The Interest Change To The BAM Loan
- PAL today repaid $16.2 million in interest to BAM at a cost of $7.2 million. However, the interest is now down to 15% from previously 19%.
- Is it making any financial sense to spend $23.4 million in cash for PAL now?
- This move seems illogical and will probably force PAL to use another equity financing before the end of 2014.