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Date Posted: 10:34:39 03/11/05 Fri
Author: siempre
Subject: palladium anyone?

the annual promo has kind of fizzled so far.....a major acquisition is the only news I want to hear.....co. has not impressed me with any noticeable
effort to benefit shareholders.....the problem as I see it....weak leadership....Andrews bailed as CEO....but get this, in case you haven't seen my previous posts inre. ....

their website HAD an in-depth analysis of the Stillwater props....they've since pulled it....the overview shows locations to be hillside [in many cases] & also inaccessible [in some cases]....the analyst also noted that some positions were land-locked, in that BTP doesn't have permission from SWC to access......much more info in that report lead me to sell my shares.....it would be a VERY expensive locale to develop....Stillwater had all the best land locked up YEARS before Beartooth happened along....

for a palladium spec Anooraq would be outstanding, but the most prospective PGM area in No. America is Raglan in northern Quecec....Goldbrook has perhaps the strongest position there...at least Anglo American thinks so....they're putting up 20M$ to JV for Pl & Pt....
extensive drilling has already been done, so it's an advanced...shares are shockingly low, considering the structure of the deal requires AAEC to buy shares @ .55....GBK needs to spend 2M$ by May 1 on expl. ....

do your own dd....let me know what you think....regards, siempre...

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