RE:RE:RE:Shorts panic over saleIf you are really moving into retirement, an independent PVG would be the best you can ask for.
In Q3 PVG management could only "avoid" to start paying a dividend by packing most of the
very strong cash flow into investments (thought for the later profits of Newcrest):
- big building activities at Brucejack with new camps for the stuff
- the new built Core Shack for Brucejack
- the new built own Assay Lab
- the contract for the electric underground haul trucks
- big diamond drilling activities for near by mine expansions including the new Big Discovery called "Norhtblock"*
- development of exploration drifts for further mineralisation zones *
* Unfortunately management was ordered by the board to
breach their disclosure duties about these new discoveries.
Proof for example: on
Sept. 12 Perron announced the release of phase 4 results of the North Block in the
near future. Until years end no word about phase 4 results was given to the shareholders... But I am sure Newcrest received all "North Block" results already, probably in front of their stink offer...
Keep your PVG shares and vote
"Against" the Newcrest much too low offer.
Pretium will deliver the next 30 years great cash flow for dividend payments. A much better dividend yield than the low grade and dirty carbon gas emissioning gold producer "Newcrest" !