Was informed Mat sold the shares some time ago to finance their mining. They still have PAN shares left. Fortunately the delay till end of june is not that bad, US sources for example usawatchdog.com and jsmineset.com are highly bullish gold-price wise starting june and continuing even bigger later in July and September. Arguments include an expected sharepricecrash in the general market with gold and gold related investments behaving as safe harbour. As usually big miners plus royalty companies should start first, then medium producers, with explorers and smaller producers latest in the upset. So there is still a posibility to get to a nice x-mas with Matsa. We also have severe war risks later this year, but it is too early to see how this effects the gold price. Hopefully Matsa used the extra one month to streamline the future production to increase later their usually conservation production targets over target into the hoped for price upturn.
MAT Price at posting:
13.5¢ Sentiment: Hold Disclosure: Held
