RE: SLW new silver streamsIs SST management sleeping at the wheel? This is from Pan American Silver"s managment about silver properties that are cash starved that SSTshould be doing deals with.
Pan American Silver hopes to take advantage of tight credit conditions by seeking out cash-strapped development-stage projects to augment its roster of Latin American silver mines, the company's chief executive said on Friday.
"There's certainly a window that is opening that in my view was not open before," Pan Am CEO Geoff Burns said of the recent decline of valuations among exploration companies.
"Probably in the last four months, we've really noticed junior companies that have projects, all of a sudden they can't get financing," he said in an interview.
Now, rather than scouring the market for affordable targets willing to do a deal, Burns' phone has been ringing with cash-strapped juniors looking for a larger partner.
"Before it would be us approaching somebody else... now it's coming back the other way," he said, adding that he expects the company will be able to announce a deal before the end of the year..... The deals are out there for the picking, but SST management doesn't seem to be able to deliver the goods.