RE: PMAHi 15002 - my broker had sent me a T5 showing the spinoff as a dividend. had to explain that one to the revenue dept.
Does anyone have any thoughts on these latest Rio Grande results. Is less than 1% copper economical enough. We are the analysts, so fire away. Obviously Wellington didn't care for the results or at least used this as an opportunity to exit. Based on the financials PMA is a relative bargain, but as mentioned before cash can disappear quite quickly. Looks like Antares wants to keep the project moving forward and as they are footing a lot of the bill that is a good thing. Should be low risk to hold and accumulate at these levels. Trading for not much more than a shell company.
MDR - looks like a mid - long term hold. I would be very, very surprised if we get a bid this year. I guess the wild card in that is the price of gold. If we get the "pop" that some are calling for it might finally trigger cash into the juniors. If not we are going to sit for here for quite some time. Didn't finetooth the MD&A but didn't see a mention of any feasibility study.