RE: RE: RE: Now, he's in gold!based on the carnage that has been going on in the marketplace, pfn is well positioned to take advantage of the misfortune of others and acquire severely undervalued assets, such as the gold mine....
not only does this acquisition increase their appeal to a larger audience who may not feel confident investing in a pure pgm company, it also moves the company from a grassroots explorer to a near term producer.. from an IR standpoint, a broader mix of institutional funds can be targeted as gold is the hot play..
with their current treasury as robust as it is and with other companies looking to do firesales on their assets, it doesn't concern me that management took a bold step to capitalize on this deal...it would concern me if they didn't.