PAL

[poli]

David,  I agree with you on some sector rotation and of a pullback on these stocks.  I am just trying to squeeze as much blood out of these turnips as I can.  I am watching closely and also I decided to wait to sell because SWC has their earnings call today and I want to hear the results of it.  I also believe if we do pull back and I am out of some of these it will present a good buying opportunity to bet back in.  I think the precious metals have a ways to go over the next couple of years.  We will know in the fullness of time.  Good health.
Poli

[poli]

David,  I listened to SWC conference call and decided to sell.  I sold at 9.16,  thanks again.  Good health.
Poli

[poli]

David,   I could not stand being out of PAL, and I was hoping for a little more correction over a little more time than what it gave us but I got back in at 8.43 today about a 9% discount to what I sold it for.  Wish me well.  To all good health and trading.
Poli

[David Randolph]

David,   I could not stand being out of PAL, and I was hoping for a little more correction over a little more time than what it gave us but I got back in at 8.43 today about a 9% discount to what I sold it for.  Wish me well.  To all good health and trading.
Poli

Good luck Poli

I'll keep waiting for PAL's quarterly results and a better entry point at the closing of the $6.76 gap. Do not wish me luck

[BigSully1]

enrgizer bunny 

[Garoh]

David,   I could not stand being out of PAL, and I was hoping for a little more correction over a little more time than what it gave us but I got back in at 8.43 today about a 9% discount to what I sold it for.  Wish me well.  To all good health and trading.
Poli

Good luck Poli

I'll keep waiting for PAL's quarterly results and a better entry point at the closing of the $6.76 gap. Do not wish me luck

David it's almost there $6.90
$6.15 could be a nice entry 

[la-onda]

in at 6.75

[poli]

Bought my 3rd serving today.

Poli

[la-onda]

9th of March Q4 and 2007 results
North American Palladium Ltd. (TSX: PDL)(TSX: PDL.WT)(AMEX: PAL)(AMEX: PAL.WS) will release its fourth quarter and year end 2007 financial results on Wednesday March 19th after market close. A conference call to discuss the results will be held on Thursday March 20th, 2008 at 3:00 p.m. ET, presided by Mr. Jim Excell, President and Chief Executive Officer. A question and answer period will immediately follow.

To participate in the conference call, please dial one of the following numbers at least five minutes prior to the scheduled time:

Conference Call: Thursday March 20th, 3:00 p.m. ET
-------------------------------------------------------------------------
Local Toronto /Overseas: 416-641-6125
Toll free North America: 1-866-226-1799

To access a replay of the conference call until April 3, 2008:
Local Toronto/Overseas: 416-695-5800
Toll-free: 1-800-408-3053 Access code 3253315


updated Feb 2008 IR presentation:

http://www.napalladium.com/pdf/NAP200802.pdf



looks good imho; support is holding

[Garoh]

I'll wait after earnings release on therusday to get in ..

[BigSully1]

Stillwater Mining Company Recaps Palladium Jewelry Market Development Program Decision Taken Under the Auspices of the International Platinum Group Metals Association
Tuesday March 11, 10:03 am ET


BILLINGS, MT--(MARKET WIRE)--Mar 11, 2008 -- STILLWATER MINING COMPANY (NYSE:SWC - News) today reiterated a news release made from Moscow, Russia, Monday, March 3, 2008 in which MMC Norilsk Nickel, announced that, "following a comprehensive study involving independent consultants and the Palladium Alliance International, a decision has been taken to plan and implement a market development program for palladium jewelry."
ADVERTISEMENT


Norilsk Nickel, the largest producer of palladium, will lead the initiative supported by Anglo Platinum, Impala Platinum and Lonmin, the major palladium producers in South Africa, and Stillwater Mining Company, the sole producer of palladium in the United States of America.

The release, which can be accessed on the Norilsk Nickel web site at www.nornik.ru is included in full in this release as reported by MMC Norilsk Nickel:

Extension of market development programme for platinum group metals in jewellery with significant development proposed for palladium jewellery

Following a comprehensive study involving independent consultants and the Palladium Alliance International, under the auspices of the International Platinum Group Metals Association, a decision has been taken to plan and implement a market development programme for palladium jewellery. The initiative will initially focus on China and the United States of America. Norilsk Nickel, the largest producer of palladium, will lead, supported by the major palladium producers in South Africa (Anglo Platinum, Impala Platinum, and Lonmin) and the United States of America (Stillwater Mining Company).

The objective is to establish successfully a clear and specific brand position for palladium in jewellery which, in partnership with the jewellery designers, manufacturers and retailers, will achieve a sustainable market with growth opportunities for palladium metal offtake. This follows on from the platinum jewellery development programme supported by the South African platinum producers since 1975. The platinum programme is led by Anglo Platinum and it will continue. Norilsk Nickel and Stillwater Mining Company will be supporting the platinum programme.

Both platinum and palladium jewellery market development, will in future be funded by the same group, but will be managed by separate organisations. A new individual brand identity will be developed for palladium jewellery.

The key Platinum Group Metal Producers believe this to be an important strategic development for the industry, both cementing the market position for platinum jewellery and significantly enhancing the value of palladium as a jewellery metal in its own right.

Stillwater Mining Company is the only U.S. producer of palladium and platinum and is the largest primary producer of platinum group metals outside of South Africa and Russia. The Company's shares are traded on the New York Stock Exchange under the symbol SWC. Information on Stillwater Mining Company can be found at its web site: www.stillwatermining.com.

[la-onda]

nice price action today, hoping for an earning run...

[la-onda]

chart update 

[la-onda]

good results imo:
This news release contains forward-looking statements. Reference should be made to the cautionary statement on forward-looking information at the end of this news release.

Highlights of 2007

- Revenue for the year increased by $36.7 million to $195.9 million, up 23% versus 2006.

- Operating cash flow for the year (before changes in non-cash working capital(1) improved by $36.9 million to $46.8 million compared to operating cash flow of $9.9 million in 2006.

- The net loss for the year ended December 31, 2007 was $28.7 million or $0.51 per share compared to a net loss of $34.1 million or $0.65 per share in 2006. The net loss for the year includes a net negative impact of $19.0 million (2006 - net negative impact $3.7 million) due to foreign exchange gains and losses.

- Palladium production increased by 21% to 286,334 ounces for the year ending December 31, 2007 versus production of 237,338 ounces the previous year.

- Palladium represented 47% of the year's total revenues while platinum and nickel contributed 16% and 22% respectively.

- Total by-product revenues for the year increased by 25% to $104.1 million versus $83.6 million in 2006.

- Cash cost per ounce of palladium produced(1), net of by-product metal revenues and royalties, was US$164 in 2007 compared to US$201 last year.

- North American Palladium completed an equity offering that resulted in total gross proceeds to the Company of approximately US$86 million,

which will be used to advance its three platinum group metals (PGM) and nickel-copper projects.

(1) Non-GAAP measure. Reference should be made to footnote 1 at the end of this Press Release.

North American Palladium Ltd. announced today financial results for the fourth quarter and year ended December 31, 2007.

Revenue, after pricing adjustments, in the fourth quarter of 2007 was $46.5 million, lower than the fourth quarter of 2006 by $4.3 million due mainly to the negative foreign exchange impact from the continued strengthening of the Canadian dollar versus the US dollar. For the year ended December 31, 2007, revenue after pricing adjustments was $195.9 million, an increase of $36.7 million or 23%, compared to revenue of $159.2 million last year.

Palladium production for the quarter ended December 31, 2007 of 71,595 ounces was down slightly (2%) compared to 73,242 ounces the previous year and reflects increased scheduled maintenance downtime in the fourth quarter of 2007. Palladium production for the year ended December 31, 2007 increased to 286,334 ounces, up 21% compared to the previous year.

Palladium sales in the fourth quarter of 2007 were recorded at an average price of US$364 per ounce versus an average price of US$322 in the same period in 2006. For the year ended December 31, 2007 palladium sales were recorded at an average price of US$356 per ounce, up 12%, compared to US$319 in 2006.

For the quarter ended December 31, 2007, cash cost per ounce(1) of palladium, net of by-product metal revenues, was US$223 per ounce versus US$108 in the same period last year and reflects primarily the negative impact of the strengthening Canadian dollar on by-product metal revenue. For the year ended December 31, 2007 the cash cost per ounce(1) of palladium produced declined to US$164 per ounce compared with US$201 per ounce in 2006, reflecting the increase in production together with continued strength in by-product metal prices, partially offset by the strengthening Canadian dollar.

The Company recognized a loss from mining operations of $8.2 million in the fourth quarter of 2007 compared to income of $0.5 million in the same period last year. The loss is due to lower revenue of $4.3 million, which includes a negative foreign exchange impact of $7.2 million, and increased operating costs due primarily to increased production costs ($1.0 million), smelting, refining and freight costs ($1.5 million) and amortization charges ($0.9 million). The loss from mining operations for the year ended December 31, 2007 was $19.4 million, an increase of $1.3 million (7%), compared to the loss of $18.1 million last year.

The net loss for the quarter ended December 31, 2007 was $11.1 million or $0.19 per share compared to a loss of $7.4 million or $0.14 per share in the same period last year. For the year ended December 31, 2007, the Company decreased its net loss to $28.7 million ($0.51 per share) from the 2006 loss of $34.1 million ($0.65 per share) despite a negative foreign exchange impact of $19.0 million (2006 negative impact of $3.7 million) due to strengthening of the Canadian dollar versus the US dollar.

Operating cash flow for the year (before changes in non-cash working capital(1) improved by $36.9 million to $46.8 million compared to operating cash flow of $9.9 million in 2006.

(1) Non-GAAP measure. Reference should be made to footnote 1 at the end of this Press Release.

Mr. Jim Excell, President and Chief Executive Officer said, "The consistent and improved production results are gratifying and supports our drive toward strengthening the Company's financial position. Having raised US$86 million in a recent financing, we are well-positioned to aggressively advance the Shebandowan West and the Offset High Grade Zone projects in Ontario, as well as the Arctic Platinum Project in Finland, towards production decisions." Mr. Excell added, "Since December 31, 2007 we have seen a significant increase in PGM prices, highlighting increased demand and growing supply concerns in South Africa. If the prevailing metal prices are sustained, it can have a very positive impact on the Company's 2008 financial performance."

Outlook

Palladium production is expected to increase by approximately 5% for the year ended December 31, 2008 with an estimated total production of approximately 300,000 ounces. The proportion of by-product metals produced is, in aggregate, expected to increase in tandem with palladium production.

A key strategy moving forward will be to continue the pursuit of opportunities to acquire good quality PGM-Ni-Cu projects. The Company's ambitious exploration program will continue in 2008, with an important component being the completion of a feasibility study for the Arctic Platinum Project in Finland. In addition, a preliminary economic assessment of the Offset High Grade Zone at Lac des Iles is nearing completion and the Company anticipates releasing the results during the second quarter of 2008. A preliminary economic assessment of the Shebandowan West Project is also anticipated in the second quarter of 2008 which evaluates a ramp-accessed underground mine scenario. Discussions are currently underway with Vale-Inco about the next steps for the Shebandowan joint venture.

Further information about the 2007 year-end results are available in the Company's financial statements and MD&A, which will be filed on its website, with Canadian provincial securities authorities (www.sedar.com) and with the U.S. Securities and Exchange Commission (www.sec.gov).

bad chart imo:
very disappointing at the moment...........

[David Randolph]

good results imo:

North American Palladium Announces Fourth Quarter and Year-End 2007 Financial Results
Marketwire(Wed 6:42pm)

I think they were bad la-onda, with a ($11 M) loss, or ($0.19) per share, in the 4th quarter alone.

But as you know, I was expecting these results, this is why I took profits around $9 (one of the few trades I've done well this year).

Palladium futures ($PALL in www.stockcharts.com) also had a correction to the 50 days SMA, which I believe is a good spot to buy for the long term in ascending trends:



$PALL average price in Q4 was $364. It closed yesterday at $464 (down from $600!). This tells me PAL's 1st quarter 2008 results will be much better, as the CEO says:

Mr. Excell added, "Since December 31, 2007 we have seen a significant increase in PGM prices, highlighting increased demand and growing supply concerns in South Africa. If the prevailing metal prices are sustained, it can have a very positive impact on the Company's 2008 financial performance."

I could dig deeper, listen to the conference call, read the 10-K filing, but that didn't help me anything in the past.

I'll add PAL to the Main today and my reasoning is simple:

1) The stock had a 177% rally because the outlook for the future improved dramatically due to a sharp increase in palladium prices;
2) Then it came off 40% from the high set less than a month ago due to profit taking and because past results, to be released, were going to be bad;
3) Now that the bad news of the past are out of the way, investors will probably put their eyes into the future again and the stock should rise back up.

If it will be just a test of the $9 level or a more sustained and long term move depends if $PALL can move beyond $600 oz or not.

The Trading Plan is:

Buy PAL, 6.66% of capital.