Ann: Becoming a substantial holder from CBA , page-5

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  1. 11,129 Posts.
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    Gooch

    Interesting ideas there.

    If PVM merged with GRY and AMX they would almost have enough funds to develop GRY's gold deposit into a mine. Perhaps they would need to borrow $40-50m at most. With the profits from that operation they could in the fullness of time develop the PVM and AMX deposits.

    It is a streach of the imagination believing that management in three goldies will agree to give up their positions for the good of the shareholders.

    But it is a nice dream.

    loki
 
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