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


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To: AugustWest who wrote (1305)6/16/2003 1:19:54 PM
From: AugustWest
   of 1336
 
Stillwater Shareholders Vote in Favor of Norilsk Nickel Transaction And FTC G
ants Early Termination of Waiting Period

DENVER, Jun 16, 2003 /PRNewswire-FirstCall via COMTEX/ -- STILLWATER MINING
COMPANY (NYSE: SWC) announced that its stockholders approved the proposed
transaction with MMC Norilsk Nickel at the special meeting of stockholders held
earlier today. Approximately 82.9% of the votes cast at the special meeting
voted in favor of the transaction. Additionally, today the Federal Trade
Commission (FTC) informed the Company and MMC Norilsk Nickel, that it has
granted early termination of the Hart-Scott-Rodino Act waiting period for the
transaction. While the transaction remains subject to certain conditions the
Company expects that the transaction will close later this month.

At the closing of the transaction, Stillwater will issue 45,463,222 new shares
of its common stock to a wholly-owned subsidiary of Norilsk Nickel in exchange
for $100,000,540 in cash and approximately 877,000 ounces of palladium.

Francis R. McAllister, Chairman of the Board and Chief Executive Officer of the
Company, said, "The Board of Directors is pleased that the shareholders approved
the agreement and welcomes the Norilsk Nickel investment in light of the current
economic situation and low PGM prices. With this transaction, we will be able to
reduce the Company's debt and use the additional capital to improve our
operations."

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. The Company's shares are traded on the New York Stock Exchange under the
symbol SWC. Information on Stillwater Mining can be found at its Web site:
www.stillwatermining.com .

This press release contains forward-looking information which involves
expressions of management's current expectations. All forward-looking
information is subject to various risks and uncertainties that may be beyond the
Company's control and may cause results to differ materially from management's
current expectations. Information concerning factors that could cause actual
results to differ materially from management's current expectations are set
forth in the section entitled "Risk Factors" in the Company's Annual Report on
Form 10-K for the year ended December 31, 2002 and may be discussed in
subsequent filings with the SEC.

SOURCE Stillwater Mining Company


CONTACT: John W. Pearson of Stillwater Mining Company, +1-406-322-8742

or Simon Coope of MacKenzie Partners, Inc., +1-212-929-5500,
r
+1-800-322-2885, for Stillwater Mining Company; or Sergey Pol
karpov of
Norilsk Nickel, +7-095-785-10-90

URL: stillwatermining.com
prnewswire.com

Copyright (C) 2003 PR Newswire. All rights reserved.

-0-

ProviderSequenceNumber: 7068

KEYWORD: Colorado
South Africa
INDUSTRY KEYWORD: MNG

*** end of story ***

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To: AugustWest who wrote (1303)6/17/2003 9:47:09 AM
From: yard_man
   of 1336
 
can we break 5 -- surely it will be above 6 if the merger gets regulatory approvals??

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To: yard_man who wrote (1307)6/17/2003 10:56:11 AM
From: AugustWest
   of 1336
 
I'd like to think so.
I just set my stop right above yesterday's close
one for good measure and all that jive.

sure is something to see these miners/POG rising while tech bubble reinflates.
my money says gold wins out eventually.
but I was sort of hoping for a real buying opt in miners over the summer
maybe still get it

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To: AugustWest who wrote (1308)6/17/2003 11:03:04 AM
From: yard_man
   of 1336
 
>>but I was sort of hoping for a real buying opt in miners over the summer
maybe still get it <<

that's good -- appreciate your sentiment there -- hope it is widespread <ng>

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To: yard_man who wrote (1309)6/17/2003 3:10:47 PM
From: AugustWest
   of 1336
 
Shwing! hit 5 buckems.
now let's see if it can hold it here in the last hour.
a close near 5.2 would be soooooo nice<G.

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To: AugustWest who wrote (1310)6/17/2003 3:12:21 PM
From: yard_man
   of 1336
 
probabaly a sell ... since I'm not.

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To: yard_man who wrote (1311)6/19/2003 10:53:39 AM
From: AugustWest
   of 1336
 
looks like we're gonna have some selling pressure here around 45.1 or so.
not sure what it looks like if it takes that out.
i'm tempted to take half off the table if it falls back under 45.
maybe set a stop around $4.94 or so.

BTW, how do you like this for a bit of tug o' war?
at least we're getting some exposure. #reply-19045363

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To: AugustWest who wrote (1312)6/19/2003 10:55:01 AM
From: yard_man
   of 1336
 
hangin' tight -- tired of selling too early

and I like ambivalence ... it's good

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To: yard_man who wrote (1313)6/19/2003 3:28:10 PM
From: AugustWest
   of 1336
 
I hope we get a wee bit pull back now,g.
I unloaded most my position just now 5.03.
if not well, it's still interesting.
and now i see someone just put up an order for 16k on the bid 5.04.
but 21k on the ask. 5.05.

LOL, i already have seller's remorse!

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To: AugustWest who wrote (1314)6/19/2003 3:30:13 PM
From: yard_man
   of 1336
 
GBG back to 1 -- (YES!!) -- there that should kill that one

I'm just wathcing -- Pd looks like it will take off back to the 200 dma any day now -- I'm waiting for that.

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