Perseus Mining Ord Shs T.PRU

Alternate Symbol(s): PMNXF

Metals & Mining Gold

Perseus Mining Limited is an Australia-based gold producer, developer, and explorer. The Company also conducts mineral exploration and evaluation activities in Africa. It operates three gold mines in Africa: Edikan in Ghana and Sissingue and Yaoure in Cote d'Ivoire and owns the Meyas Sand Gold Project in Sudan. Edikan Gold Mine is a large-scale, low-grade multi open-pit operation located in the Central Region of Ghana, approximately 45 kilometers southwest of the regional town of Obuasi. The Sissingue is located in northern Cote d'Ivoire and lies within the Sissingue exploitation permit that covers an area of over 446 square kilometers, bounded on one side by the international border between Cote d’Ivoire and Mali. Yaoure is located in central Cote d'Ivoire, over 40 kilometers northwest of Yamoussoukro, the political capital, and over 270 kilometers northwest of Abidjan, the economic capital of Cote d'Ivoire. It also operates Nyanzaga Gold Project, located in north-western Tanzania.

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Perseus Mining Ord Shs

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Comment by eebleron Aug 11, 2010 12:57pm

707 Views

Post# 17341735

RE: RE: RE: RE: Upgraded today to $3.50 by Cormark

Cookster9 - I'm thinking of buying into PRU and you seem to be the resident poster/expert on PRU of late. Any take on where PRU is heading these days? I've seen all the news releases, read the reports, and seen mention of them as a possible takeover target by some of the other W.Africa miners looking to add ozs. I see a fair amount of dilution and the potential for more to come if they have underestimated costs or are delayed by rainy seasons.

I'm looking for an investor's/trader's opinion. If you have time and care to comment, what is the one big negative to pick on for PRU? Similarly, any comment on the one big positive that exists for them?

eebler

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