i just picked up a bag of PMQ shares via the rights offer by mlm (of which i am a significant holder). i don't really have enough PMQ to justify the time for the ongoing research that i generally devote to each of my holdings.
as such, it's decision time! i either sell my modest PMQ holding (now) or buy more PMQ to justify its existence in the portfolio!
it seems to represent reasonable vale as, by my brief readings on PMQ, the s.p. only covers current cash/stock holdings. i quite like the stucture of of their mt cannindah gold project (there's a jv agreement with drummond gold whereby drummond are required to spend $6M over 4 years to earn a 75% stake). i know little of the prospectivity of the project ...
anyone care to contribute any compelling info/reasons as to why they believe PMQ is a buy or a sell?
k
i just picked up a bag of PMQ shares via the rights offer by mlm...
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