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Message: Remember were dealing with hedge fund mangers now!

Remember were dealing with hedge fund mangers now!

posted on Mar 27, 2009 04:41PM

Well I can throw another Palladon prediction on to the fire. The only thing that I can see that might make PLL's share price move higher is a buyout. And with the announcement of more Iron ore reserves being found then a Chinese buyer would be nuts not to offer .35 a share to share holders at first with room for a higher share price later on. Say they can buy the whole mine for $100 million and pay off Luxor. All it would take is 10 million M/T at today's prices to break even and then after that its all pure profit. I wonder who was buying all those shares today at between .085 and .10 today? If this had no chance and Luxor was taking it over than the SP should be close to .02

Remember were dealing with hedge fund mangers now. Do you really think they would give the good news first of a buy out offer or start with the bad news first to steal your cheap shares. Their in at .70 and they have the contacts to pull off a buyout closer to that number.

We will find out Monday hopefully

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