RE:RE:Is ther any one out there?I agree with most of what you said. Regarding the hopeless assets, I think you may have meant "one in Canada (Marathon), and one in Argentina". The new management has already taken an impairment on both assets, and downsized resource commitment. The new management made it pretty clear that it's focus is not looking for non-core or sub threshold acquisitions. But even these impaired properties could eventually sell for a reasonable amount (or in the case of Marathon -- could even be developed) provided that the global growth scenario improves sufficiently. Peregrine could take a few extra years, enough.
As far as it being mainly a Pd play, I very much agree. It is the only profitable, Pd company outside the volatile geographies of South Africa or Russia.
Kudos on your timing. Mine was good last year with SWC … and even this year 'till August. But I missed estimated the reality of this big of a dip. I hope that its finally over, at least for the rest of the year.
For a speculative, pre-production, S.A. "new reef" play, I prefer PLG/PTM over IVN. There are things I've read about Friedland, which give me pause.