Canadian Palladium Resources Inc. (BULL.V)

If you said that before the Yukon results, it would of been the worst advice ever.

Always leave before everyone else.

Before dumping your Zonte flynn,at least,wait for the results to come out.

Don't really agree with Gold Eagle article. Don't think there is much correlation with gold and palladium. I do think the palladium price is due to correct and consolidate.

As for core at PDAC, it will be there with 100s of others. I think the drill results will be what moves it and that would be May or June at earliest.

Watch the stock, if it breaks 27 cents it could go higher, but recent gains will probably consolidate some more

Anyone catch this in the last news release.
"Drilling will commence shortly with the expectation of having core to view at the Prospectors and Developers Association of Canada (PDAC) Convention in early March"

This guy wants to get it done, get his company noticed by the hype right now with Palladium.

I'm considering, dumping my ZON to go in this. Love the low market cap, love the backer, Love the volume, love the hype.

lynnsa10 wrote: I bought a good position and like the idea Sprott is now in too. I wonder if he will buy more in the market? GB do you have depth

Precious Metals Forecast – Lessons From Palladium Going To Da Moon

www.gold-eagle.com/article/precious-meta...ladium-going-da-moon

I bought a good position and like the idea Sprott is now in too. I wonder if he will buy more in the market? GB do you have depth

They are going to start drilling soon. I doubt the stock will retreat much, probably consolidate around here some before going higher

Canadian Palladium Signs 10,000 M Diamond Drill Contract

Vancouver, British Columbia--(Newsfile Corp. - January 30, 2020) - Canadian Palladium Resources Inc. (formerly 21C Metals Inc.) (CSE: BULL) (OTCQB: DCNNF) (FSE: DCR1) (the "Company") has signed a contract with Vital Drilling of Val Caron, Ontario for a 10,000 metre diamond drilling program on the Company's East Bull Palladium Property.

With the recent closing of a $4 million non-brokered financing, the planned exploration program is fully funded. The primary objective of the program is to expand the Company's current NI 43-101 inferred resource of 523,000 ounces of Palladium equivalent (News Release dated July 3, 2019). The present resource is defined over 1.8 kilometres and drilled down dip (-45o) to 125 metres. The new program will test the full 3.0 km length, to a depth of 240 metres. The Company's goal is to expand upon the inferred resource.

Drilling will commence shortly with the expectation of having core to view at the Prospectors and Developers Association of Canada (PDAC) Convention in early March. Access to the property is via a numbered highway that connects to a bush trail previously built to service historic drilling. Selection of diamond drill sites by the company's geologists and advisors has commenced.

Wayne Tisdale states, "Given the recent and unprecedented increase in palladium prices, we want to move quickly to expand our inferred resource. The closing of our financing and the commencement of our exploration program allows us to do exactly that."

Palladium had a great run,is it going to retreat soon and lower ?

When i look at the chart,wondering if it's not going back to $0.12,would prefer to buy 100,000 shares at that price.

I am in, seems Eric Sprott sees the same potential as Ron

Canadian Palladium Resources Inc. has closed the non-brokered private placement previously announced on Jan. 20, 2020. The private placement raised gross proceeds of $4,000,403 through the issuance of 33,336,698 units at a price of 12 cents per share. Each unit consists of one common share and one common share purchase warrant exercisable at a price of 18 cents for a period of 12 months from the date of grant.

Eric Sprott, through 2176423 Ontario Ltd., a corporation which is beneficially owned by him, acquired 12.5 million units for a total consideration of $1.5-million. Following the completion of the private placement, Mr. Sprott beneficially owns and controls 12.5 million common shares and 12.5 million warrants of the company, representing approximately 12.6 per cent of the issued and outstanding common shares of the company on a non-diluted basis and approximately 22.2 per cent of the issued and outstanding common shares on a partially diluted basis. Prior to the financing, Mr. Sprott did not beneficially own or control any shares of the company.

The units were acquired by Sprott for investment purposes. Mr. Sprott has a long-term view of the investment and may acquire additional securities of Canadian Palladium including on the open market or through private acquisitions or sell securities of Canadian Palladium including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

I bought a position in the stock as well. The recent pull back in palladium and BULL is a good time to buy

Got permission from Ron to post the highlights from his report

Shares outstanding 64.5 million approx.

All warrants and options are at 30 cents and higher

What I consider one of the most important highlights, is the company is run by Wayne Tisdale. In the last 10 years he has advanced three juniors and sold them for large profits for his shareholders. He helped finance and advance the Rainy River project and was sold to NewGold in 2013 for $310 million. He developed US Cobalt and in 2018 sold it to First Cobalt in a transaction worth about $150 million to his shareholders delight. Going back further, he helped finance oil&gas company Ryland Oil that was bought out by Crescent Point in 2010 for a $121.8 million valuation.
Mr Tisdale has a keen eye to find projects that can quickly be advanced further to make them prime acquisition targets. Canadian Palladium only has a market value now of less than $10 million and I have no doubt that Mr Tisdale is going to do it again and advance East Bull and sell it for $100s of millions.

Highlights:

Company run by Wayne Tisdale
Low market valuation - C$18 per ounce
East Bull with 43-101, 523,000 ounce palladium resource
East Bull can easily be expanded to depth and along strike
Widely spaced drilling only needs infill drilling to upgrade resource
Over 2 million ounce potential
Close to Sudbury complex where ore can be processed