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View Full Version : North American Palladium stock soars 64%



RareEarth
12-10-2008, 05:52 PM
pdl.to is up 80 cents today (a whopping 64%)
does anyone know why?
I'm not complaining about recouping some of my losses.

SUMOSABE
12-10-2008, 08:38 PM
pdl.to is up 80 cents today (a whopping 64%)
does anyone know why?
I'm not complaining about recouping some of my losses.

possibly 15,000,000,000 Auto Bailout......... ;)

RareEarth
12-10-2008, 10:03 PM
possibly 15,000,000,000 Auto Bailout......... ;)

Yeah, thats probably part of it, but that is an awfully big jump. The Pd spot price only gained a couple of bucks today and Stillwater gained about 10%.

ScrapBuyer
12-10-2008, 11:12 PM
pdl.to is up 80 cents today (a whopping 64%)
does anyone know why?
I'm not complaining about recouping some of my losses.

They reported earnings on Tuesday 2pm. I havn't had time to research what they reported. This would be why the pop. I am :mad: because I had them on my watch list and was going to pull the trigger at a buck and for some reason didn't.

ScrapBuyer
12-10-2008, 11:21 PM
http://biz.yahoo.com/iw/081110/0451187.html

A quick read and the only positive I see is that they shut a mine down. I guess they stopped some of the losses by doing so.

Mrpublic
12-11-2008, 01:01 AM
I think Stillwater shutdown NA operations, plus SA mines are having problems.

Poor Twisted Monk
12-11-2008, 05:49 AM
Their cash cost to produce one ounce of palladium is three times the current spot (!), and they reported a huge annual loss due to the commodity crash. Of course their stock is going to soar.

refrep
12-12-2008, 05:37 AM
With the announcement of the failed Auto Bailout I'm afraid that these stocks are going down today... MO