PMT has a very healthy balance sheet with over 100 million CDN in cash (over 110 million AUD). Plus the company has over 4 million CDN in warrants which will come in in the next year as they are well in the money. I don't see any cash issues for the foreseeable future with what the company needs to do. Spending about 2.5 million CDN per quarter at the current rate. Not sure what your issue is but I can tell you there are lots of junior miners here in Canada who would love to be in the financial position that PMT is in. Oh and filing a shelf prospectus, means diddly, any junior miner that has competent mgmt likely has a prospectus on file so they can rapidly access cash if needed.
PMT Price at posting:
43.5¢ Sentiment: Buy Disclosure: Held
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