It looks like the west African companies with large reserves/resources are beginning to fire.
I am expecting PVM to head back up closer to $1.20 hy the end of the year, so long as there is no big market correction and the POG holds up.
GRY and AMX are really firing today. Both should be back over $1.00 by the end of the year IMO.
The next big news for PVM will be either a takeover or a decision to proceed to develop a mine, with finance backing and a cap raising. Having Macquarie Bank behind PVM is comforting as they tend to back winners, and collect as much fees along the way as possible.
I hope PVM gets some good tenements outside of Ghana which now takes about 48% of profits through various measures according to an article in the Gold Report. Burkina Faso and Senegal are the lowest taxing countries in west Africa (Senegal's total take is only 23%).
loki
PVM Price at posting:
94.0¢ Sentiment: LT Buy Disclosure: Held
