Post by
bovalena on Dec 04, 2020 1:30pm
Head Scratcher
I do not understand this deal on the part of PVG. I am glad I sold all of my PVG stock. They just gave away a very valuble asset for paper script. Only reason would be an undisclosed need for immediate cash (Buy back streaming or avoid covanent breach). Rudy Fronk is no fool and he may have just proven himself to be the smartest man on the block. I am not sure how this adds value to a potential JV but you can rest assured that it does. Unbelievable low ball price! And not cash but stock at 22 bucks the market gobbled up! Rudy is one smart cookie! He used OPM to gain control of one of the largest deposits of copper and gold on the planet in his backyard. How much had PVG spent drilling this out and proving it up? Did they even get there money back? What dumbA$%ES! WW