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   Gold/Mining/EnergyStillwater Mining , SWC (former PGMS)


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To: Softechie who wrote (1275)12/31/2002 1:17:06 AM
From: jrhana
   of 1336
 
In summary of what I know: They were once felt to have a great PGM deposit. This turned out to be perhaps not as great as previously thought and unfortunately was mostly Palladium and not so much Platinum.
Combine this with apparently one of the worst managements in history and you have:

finance.yahoo.com

All in all an excellent example of why not to buy a company on the way down. I vaguely thought about it a few times but luckily always held off.

Or as Mr. ZetaZeta more succinctly said:

<this company sucks>

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To: jrhana who wrote (1277)12/31/2002 5:51:14 PM
From: jrhana
   of 1336
 
And I forgot to mention that really bizarre deal they made with the Russians. However one positive is that Jay Chen is apparently thinking of buying it.

Message 18370626

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To: D.Austin who wrote (1271)1/23/2003 5:39:54 PM
From: Jordan Electron
   of 1336
 
Merrill Lynch has a history of downgrading the palladium price, claiming that supplies are adequate, when they can really be quite unstable. It's official predictions missed the great PD price rise, completely.

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To: Jordan Electron who wrote (1279)2/18/2003 5:38:16 PM
From: yard_man
   of 1336
 
No posts since Jan -- maybe it is the bottom ...

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To: yard_man who wrote (1280)2/18/2003 6:02:12 PM
From: Broken_Clock
   of 1336
 
Wear steel gloves.

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To: Broken_Clock who wrote (1281)2/18/2003 6:03:59 PM
From: yard_man
   of 1336
 
sold it at 3.79 this morning after buying last week @ 4.17 ... gonna keep my eye on it ... should be a good dead cat bounce in it at some pt -- you know -- like +50% or so.

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To: yard_man who wrote (1282)2/18/2003 6:42:58 PM
From: Broken_Clock
   of 1336
 
I read the news release re: credit problems. Didn't sound good. BK is a definite possibility with SWC. More likely is a buy out or take over from NEM, ABX, etc.

Management really screwed SWC up, IMO.

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To: Broken_Clock who wrote (1283)2/18/2003 6:47:28 PM
From: yard_man
   of 1336
 
I like buyouts -- that's where they pay a lot more than the going price, right?? <g>

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To: yard_man who wrote (1284)2/18/2003 7:29:40 PM
From: Broken_Clock
   of 1336
 
Stay outa Vegas. You'll loose everything on roulette!

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To: yard_man who wrote (1280)2/18/2003 8:06:31 PM
From: Casaubon
   of 1336
 
a real train wreck. Glad I got out much higher for a small loss.

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