PMA precious metals australia limited

keeping market informed ... hello?

  1. Stone Pony
    1,419 Posts.
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    11/05/04
    17:49
    Post #: 464202
    Now here is something interesting.

    Miningnews.net reports that windimurra will be permanently closed by xstrata. PMAs only regular source of money is a $500,000 per year minimum royalty payment from xstrata. At the end of last qtr PMA had around 300-350$k left in the kitty. Share price dives by some 45% today in support of the view that xstrata has pulled the plug - but not a peep from the company. Anybody home?

    PMA Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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