re: Ann: PMI Announces Interim Order For Merg...
That's from the merger presentation Worzel, of course they makes things look equal, but there's a few things not covered.
PMI are way ahead of Keegan, looking at infrastucture this year and production Q1 2014. Keegan are still working on permits etc.
Secondly, Keegan's resource will cose a lot more to get out of the ground, and some think may not be viable unless the POG rises above $1800.
Thirdly, PMI have outstanding prospects with other areas not through a JORC yet. 4 of PMI's mine sites could be ahead of Keegan's first.
When you break it down, it really is a 50% dilution in our company for the amount of 210m. Does that sound like a good deal to you?
Interesting day, Toronto dropped another 5% and are 4c below now. Some big boys hitting the buy side today. Is this the start of a turnaround.
I voted no, not because my few measly shares will make a difference, but I've been invested in PMI since inception and would not feel the same about the new company. I'd like us to go it alone.
PVM Price at posting:
67.0¢ Sentiment: Buy Disclosure: Held
