RE: Some FACTS While reading the latest M,D and A , i saw that PMU siad they have enough funds to get thur fiscal 2013 and that more funding will likely be necessary in the future. The fact that OGC spent over 4 million $ in that private placement with PMU and insiders are buying, can only be taken as a positive.
Why buy into a broke company , with their flagship property held in limbo by the EL Salvadorian govt for half a decade? I can only speculate that the arbitration is reaching an end and with a larger gold company behind them ( OGC), the govt will relent and allow the project to develop. The endgame perhaps being a buyout by Oceana, and a new gold mine to add to the growing production profile.
The other projects may not be a bad fit either, or OGC may elect to leave them in PMU and simply buy out the project closest to production, that being the El Dorado project in EL Salvador.
I dont own any shares but interested in this one. I do like OGC as well, with Didipio coming online with cash cost negative economics for gold there ( after copper by product).