I dont think there will be a Private Placement now that we are hovering around the .50 mark.

If the share price starts to reflects the real price of what Palladon will make each year? Then 13,376,080  warrants can be cashed in at .50 and their will be no need for a private placement. I think $6.6 million will be enough to keep Palladon running for another year with out any more dilution. If if the Texas group who owns these options cashes in half of them then thats enough to keep the mine in the black for 2008.

Plus there is another 2 million in insider options that can be cashed
in at .40. And another 2.5 million at .70 that have until July and Aug
of 2008 to cash in there warrants.

All together Palladon could have close to $9.2 million by the 3rd quarter of this year? 
Thats if the price reflects the real price of what PIC will make this year.