Red Lake Madsen Mine Ltd LRTNF

Takeout

[thelostarc]

I can see PGM being a takeout target over the next month or so. If Maryse left becuase the operations has been brought back to life, and the $25MM PP recently was just a small gift to institutional shareholders, then the company is now ready to entertain bids. $1.20/share? AngloGold requested to see geology data in the last PP. Have they completed their analysis and are now planning to strike?

Though us retail shareholders will never see the 8-zone, it would be nice for the bidder to throw in a risked amount for that extension of the deposit. Bring the bid to $1.50/share. What a dream scenario this could turn into if multiple horses enter the race! Kinross, Yamana, Agnico Eagle, Anglo, Evolution, IAMGold? possibly, all of them would be good suiters for PGM.

[catf7rider]

Much too early fo a buyout.  Let them get through a few quarters with great results and gold price increasing and we could be in the $3 to $5 range.

[thelostarc]

I would love to see PGM get to $3-5 range. If they can just get the mining right. In a world like that of today, having a high grade producing mine operating in a low-risk geopolitical jurisdiction is a major advantage.

[goldanalyst]

Yes I think that you're on to it now. Large cap gold companies are not really looking to steal companies anymore. They will pay proper value for a company if it fits well within their overall plan for the future. Like you mentioned earlier PGM will have lots of suitors if they can get production back on track. A burgeoning producer in the stable environment (i.e. not Russia) that has

[yvrean]

Have a look at V.ORG today