Celadon Pharmaceuticals Share Discussion Threads

[dovegin] 20/2/2006 11:51

Per RD. Best time scale is relisting before end of April 2006.

Two concurrent due diligence exercises in progress

Targets both have 31 December 2005 year ends, so dd and audit is concurrent

[mr ashley james] 14/2/2006 21:07

Stillwater Mng Stillwater Mining Company to Present at JPMorgan Small Cap Conference on Wednesday, February 15, 2006

BILLINGS, Mont., Feb. 13 /PRNewswire-FirstCall/ -- STILLWATER MINING COMPANY (NYSE:SWC) announces that Frank R. McAllister, Chairman and Chief Executive Officer of the Company will be speaking on Wednesday, February 15th at approximately 2:30 p.m. (Eastern Time) at the JPMorgan Small Cap Conference in Philadelphia, Pennsylvania. A live audio webcast of Mr. McAllister's presentation may be accessed through the following URL:



Select the webcast link: JPMorgan Small Cap 7.0, "Think Big, Buy Small", to access the audio webcast. The slides which accompany the presentation will be available on Stillwater's website.

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 and Russia. 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:

Some statements contained in this news release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and, therefore, involve uncertainties or risks that could cause actual results to differ materially. These statements may contain words such as "believes," "anticipates," "plans," "expects," "intends," "estimates" or similar expressions. These statements are not guarantees of the Company's future performance and are subject to risks, uncertainties and other important factors that could cause our actual performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Such statements include, but are not limited to, comments regarding expansion plans, costs, grade, production and recovery rates, permitting, financing needs, the terms of future credit facilities and capital expenditures, increases in processing capacity, cost reduction measures, safety, timing for engineering studies, and environmental permitting and compliance, litigation and the palladium and platinum market. Additional information regarding factors which could cause results to differ materially from management's expectations is found in the section entitled "Risk Factors" above in the Company's 2004 Annual Report on Form 10-K. The Company intends that the forward-looking statements contained herein be subject to the above-mentioned statutory safe harbors. Investors are cautioned not to rely on forward-looking statements. The Company disclaims any obligation to update forward-looking statements.

First Call Analyst:

FCMN Contact: [e-mail]

DATASOURCE: Stillwater Mining Company


CONTACT: John W. Pearson of Stillwater Mining Company, [phone]


Web site:

Web site:

[mr ashley james] 03/2/2006 15:29

Stillwater Mng STILLWATER MINING Amends Credit Facility

BILLINGS, Mont., Feb. 1 /PRNewswire-FirstCall/ -- STILLWATER MINING COMPANY (NYSE:SWC) announced today that on January 31, 2006, it amended its credit facility to reduce the effective interest rate spread by 100 basis points on the original $140 million six-year Term Loan entered into on August 3, 2004. At the Company's current debt level, this will save approximately $1 million per year in interest expense.

In addition, a previous loan provision that required the Company to fix the interest rate on 50% of the outstanding Term Loan balance through December 31, 2007, if and when the underlying three-month LIBOR (London Interbank Offer Rate) reached 4.50% was also amended, increasing the hedging threshold to 5.50%. The amendment also, provides for a 1% prepayment penalty on Term Loan repricing or voluntary prepayments of principal under certain circumstances, during the one-year period following the date of the amendment.

As of December 31, 2005, the Company has $109.4 million outstanding under the Term Loan facility.

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 and Russia. 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:

Some statements contained in this news release are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and, therefore, involve uncertainties or risks that could cause actual results to differ materially. These statements may contain words such as "believes," "anticipates," "plans," "expects," "intends," "estimates" or similar expressions. These statements are not guarantees of the Company's future performance and are subject to risks, uncertainties and other important factors that could cause our actual performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Such statements include, but are not limited to, comments regarding expansion plans, costs, grade, production and recovery rates, permitting, financing needs, the terms of future credit facilities and capital expenditures, increases in processing capacity, cost reduction measures, safety, timing for engineering studies, and environmental permitting and compliance, litigation and the palladium and platinum market. Additional information regarding factors which could cause results to differ materially from management's expectations is found in the section entitled "Risk Factors" in the Company's 2004 Annual Report on Form 10-K. The Company intends that the forward-looking statements contained herein be subject to the above-mentioned statutory safe harbors. Investors are cautioned not to rely on forward-looking statements. The Company disclaims any obligation to update forward-looking statements.

First Call Analyst:

FCMN Contact: [e-mail]

DATASOURCE: Stillwater Mining Company


CONTACT: John W. Pearson of Stillwater Mining Company, [phone]


Web site:

[mr ashley james] 02/2/2006 20:26

Yashbaggan,

Not really playing London Mining, Oil, Gas or Alternative Energy Stocks due AIM Spreads but best of luck with it.

Palladium on a chart break out



All IMHO, NAG, DYOR etc

Cheers

Ash:)

[mr ashley james] 31/1/2006 20:32

Gamma Wave Impulse on Palladium Futures prices jumping to US$297.00 to US$297.50

[mr ashley james] 30/1/2006 17:06

Palladium and Platinum breaking up again US$1064 Pt and US$277 Pd Futures markets showing Pt hitting US$1,066.70 and Pd hitting US$283.50 toz

[yashbalggan] 30/1/2006 14:06

Sorry to be off topic Ash..(a tip for you)..have a look at ZBA (cash shell) RTO with Quadrise (MSAR Technology) looks like one to be in when it is relisted.
This could be the best way forward for the world, regding alternative fuel source(s)

B regds

[mr ashley james] 28/1/2006 14:03

Apparently Royal Bank Of Canada RBC Have an Outperform rating on Stillwater Mining Co Inc



Platinum stocks conundrum
By: Barry Sergeant
Posted: '18-JAN-06 14:45' GMT © Mineweb 1997-2004



JOHANNESBURG (Mineweb.com) -- Mark Smith, an investment analyst at RBC Capital Markets, recently completed detailed presentations suggesting that investors reduce their holdings of Anglo Platinum and Impala, the world's two biggest platinum stocks.

This may prove to be important advice, in the wake of the fantastic bull run that has been enjoyed by these stocks.

Looking at the global platinum-group-metal (PGM) sector, RBC has, however, recommended neutral-to-positive recommendations on other stocks.

Other stocks with operations in SA are ranked as 'outperform' in the case of Lonmin and Platinum Group Metals (listed in Toronto), and neutral in the case of Aquarius and Northam. RBC notes that South African PGM equities have rallied over 200% since the start of 2005, 'and are now trading at historic highs'.

The stocks have been driven to these peaks on the back of 'the uncertainty of the metal price outlook, and are pricing in spot metal prices in the short-to-medium term to derive valuations'.

In RBC's opinion, 'these high PGM prices are unsustainable, particularly in rand terms, longer-term'. RBC has just revised its platinum, palladium price and rand forecasts; it continues to forecast a 'natural' closing of the spread between platinum and palladium prices in the longer run towards historical levels, of around $375 an ounce.

RBC's long-term price forecasts remain at $700 an ounce for platinum and $375 for palladium (up from $300 an ounce). The current spot price for platinum is $1 025 and for palladium $270 an ounce. RBC argues that the price forecasts are supported by three underlying themes. First, supply-demand analysis; second, operating margin preservation, and third, price support to attract new supply onto the market. RBC now also expects a weaker rand longer-term.

The platinum market is seen as supply driven. RBC anticipates the platinum market to remain tight for 2006, but to start moving into a net supply surplus in 2007. The palladium market is now seen as turning into a demand driven market. According to RBC, the largest influence on the demand for palladium is from the increased use of the metal in automobile catalysts, followed by the emergence of a palladium jewellery market in China, and strong fundamentals for palladium overall.

RBC expects that gross operating margins at South African PGM producers will peak between 35% and 50% in 2006, and then decline moderately going forward. It is believed that current increases in profit margins are already priced into certain equity prices, that that a margin decline will trigger a sell off in the equities.

Analysts traditionally look at PGM producers' revenues on the basis of a 'basket price' that represents the '4E' metals, viz., platinum, palladium, rhodium and gold.
Domestic PGM producers also dig out nickel, copper and yet other metals and minerals.

Anglo Platinum is seen as facing a 'challenging outlook, including the heavy burden of simultaneously developing a number of new mines and paying dividends'. RBC adds that Anglo Platinum may indeed be at risk of not gaining its necessary black economic empowerment (BEE) credits. Failure to achieve mining charter requirements could hasten the need for Anglo Platinum to sell portions of its existing highly profitable mines.

Impala Platinum is seen as dogged by an 'unclear' corporate strategy and its Zimbabwe exposure, 'as well as a glass ceiling to expansion due to the political situation in Zimbabwe'. Growth at Impala Refining Services is seen as uncertain, with margins 'coming under competitive pressure'. RBC's concern over clarity on corporate strategy springs from Impala's recent withdrawal from the Ambatovy Nickel Project in Madagascar and the resumption of a share buyback.

Lonmin is favoured, not least on its growth potential, principally at the Greater Messina operations, and the respected influence of the guiding hand of relatively new CEO Brad Mills.

RBC sees Lonmin as offering the 'most potential upside to spot metal prices (long-term)'. Aquarius (rated as neutral by RBC) is seen as somewhat hampered by a large portion of its growth potential being attached to Zimbabwe; 'clearly there is increased sovereign risk'. Northam, also ranked as neutral, stands to capture the growth potential offered by the yet-to-be-developed Pandora, Booysendal project, and toll smelting ability.

As for other stocks in the PGM universe, RBC rates Stillwater Mining (NYSE: SWC) as 'outperform', and North American Palladium (TSE: PDL) as 'neutral'. RBC is restricted on offering a recommendation on Ridge Mining. For investors looking for a play on palladium, the North American PGM equities are seen as offering the greatest leverage; Stillwater ranks as RBC's preferred name.

[fludde] 25/1/2006 14:38

Thanks Cerb- probably just as well the speed at which these things can go.

[cerbera6] 25/1/2006 11:36

trp was suspended for over 3 months whilst it was dealing with this of thing - so nope -

[fludde] 25/1/2006 11:32

Is there a time limit for how long these shares can stay suspended?

F.

[all eyez on me] 20/1/2006 18:04

WTF is you're problem. Everyone is allowed to voice an opinion on a stock.

Recede my ban now

[mr ashley james] 20/1/2006 17:53

Palladium (Pd) is the relatively unknown "sister" metal to platinum (Pt). These metals share many of the same unique characteristics and physical properties; both are non-tarnishing, strong and naturally white precious metals. They are equally rare and are mined together in less than a half-dozen regions around the world, with no new near-term projects under development. Each has a limited annual mine production of approximately 6.5 million ounces, which is a mere fraction of the approximate annual 100 million ounces of gold that is produced. Due to past market events, platinum is trading at over a US $700 per ounce premium to palladium. Palladium's price difference with platinum, its limited supply in combination with its increasing demand for existing and new uses, provides the foundation for its long-term price appreciation potential.

Currently, palladium is trading at under US $300 an ounce in comparison to platinum that is over US $1,000 an ounce. These two metals historically traded in a 2:1 range (Pt:Pd) prior to a market disruption in late 2000, when palladium surpassed platinum and spiked at over US $1,000 only to reach a low of US $140 an ounce a few years later. In specific applications these metals are virtually interchangeable. The realized cost savings is a key driver for manufacturers to begin substituting palladium for platinum in order to reduce and/or maintain costs.

Palladium's primary use (over 50%) is in the auto industry where it is a key component in controlling exhaust emissions as mandated by more stringent standards for cars. These environmental standards must be considered when attempting to forecast future demand for platinum group metals. It is estimated that by 2011 China alone will produce over 8 million cars (double its current production); all of which will require a catalytic converter in order to meet its government's commitment to the Euro II standards. Manufacturers are now confirming that with the massive price difference between the two precious metals, they are planning to substitute varying amounts of palladium for the platinum in the converters. This will ultimately aid the long-term price appreciation for palladium.

Palladium is also used in the dental, electronics, jewellery and chemical sectors. This past year witnessed an exponential increase in the use of palladium in the jewellery industry. No longer is it only being used in combination with gold to create white gold, rather consumers are seeking an alternative "pure" and naturally white precious metal to the significantly higher priced platinum pieces. According to industry sources, for 2005 it is expected that demand for palladium jewellery is likely to have increased 70% in China alone.

Finally, in addition to the above drivers for the palladium price, the metal is beginning to make headways into the investment coin sector. The one ounce 99.95% fifty dollar Palladium Maple Leaf Coin was the first palladium product introduced by the Royal Canadian Mint. Experienced and novice investors alike are beginning to understand the long-term value associated with this rare and precious metal.

The massive price imbalance between palladium and platinum, its growing demand in the autocatalyst and jewellery sectors, along with the introduction of the new bullion coin by the Royal Canadian Mint, are all key factors in the long-term potential for palladium's price appreciation.

[yashbalggan] 20/1/2006 17:20

hey!! did any of you guys buy into ZBA before it was suspended ?
if u did not, stick it on you radar... could be interesting times ahead when it relists.

[mr ashley james] 19/1/2006 02:24

AEOM,

Many thanks for your tip on TSX:BTP, I had never heard of Stan Bharti of Forbes Manhattan AM,Desert Sun Mining, Mike Johnson ex Newcrest Mining, George Faught ex CFO of North American Palladium Ltd or indeed Stillwater Mining Inc in my whole life.

Much appreciated, tipsters like you are at a premium, and your positive input and content on mining stocks seriously appreciated by everybody on ADVFN.

Thank you

Cheers

Ash:)

[mr ashley james] 10/1/2006 17:25

Stillwater Mining Names Rhonda Ihde as Controller




BILLINGS, Mont., Jan. 9 /PRNewswire-FirstCall/ -- STILLWATER MINING COMPANY (NYSE:SWC) announced today the appointment
of Rhonda Ihde as the Company's Controller, effective January 9, 2006. As Stillwater's Controller, Ms. Ihde will assume
responsibility for accounting and financial reporting Company-wide and will be based at the Company's headquarters in
Billings, Montana.

Ms. Ihde joined Stillwater Mining Company in August 2005 as a Senior Accountant responsible for SEC reporting. Prior
to joining Stillwater Mining Company she was employed by United Bancorporation/Midwest Bancorporation from September
2003, where she had served as an internal auditor/credit analyst. Prior to her position with United Bancorporation, she
was employed by KPMG, LLP in Billings, Montana as an Auditor from January 1999 to September 2002. Ms. Ihde was also
Assistant Vice President and Operations Manager with First Federal Savings Bank from 1982 to 1987.

"We are very pleased to have Rhonda Ihde accept this role as Stillwater's Corporate Controller," said Greg Wing, Vice
President and Chief Financial Officer. "Her experience with SEC reporting and filing requirements, as well as with
auditing and accounting practice, makes her a strong addition to our management team." Ms. Ihde earned her Master of
Accountancy and a Bachelor of Science degree in Business Administration from the University of Montana and is a
Certified Public Accountant.

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 and Russia. 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:


Some statements contained in this news release are forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and, therefore,
involve uncertainties or risks that could cause actual results to differ materially. These statements may contain words
such as "believes," "anticipates," "plans," "expects," "intends," "estimates" or similar expressions. These statements
are not guarantees of the Company's future performance and are subject to risks, uncertainties and other important
factors that could cause our actual performance or achievements to differ materially from those expressed or implied by
these forward-looking statements. Such statements include, but are not limited to, comments regarding expansion plans,
costs, grade, production and recovery rates, permitting, financing needs, the terms of future credit facilities and
capital expenditures, increases in processing capacity, cost reduction measures, safety, timing for engineering
studies, and environmental permitting and compliance, litigation and the palladium and platinum market. Additional
information regarding factors which could cause results to differ materially from management's expectations is found in
the section entitled "Risk Factors" above in the Company's 2004 Annual Report on Form 10-K. The Company intends that
the forward-looking statements contained herein be subject to the above-mentioned statutory safe harbors. Investors
are cautioned not to rely on forward-looking statements. The Company disclaims any obligation to update
forward-looking statements.

DATASOURCE: Stillwater Mining Company



CONTACT: John W. Pearson of Stillwater Mining Company, [phone]



Web site:

[mr ashley james] 09/1/2006 18:32

I think NYSE:SWC starting a really serious push to around US$15.25 or higher

[william-just] 09/1/2006 15:21

on my Hargreves account it shows swc at 5,550,000 a share wow!