RE: RE: RE: RE: RE: Am I Right? What 70 million,,,,the only payment I think you mean is the payment by the Government of El Salvador( GOES)
GOES lost the preliminary judgement to dismiss the CAFTA case,,,they did not loose the case,,hence there is no judgement YET,,,,however,,,I am of the belief they will win the case,,,or the GOES will settle out of court and make a payment. I would think PMU would likely settle for 50 million at this point. Even with 30 million,,,,,PMU would be able to go gang busters on the Panamanian project.
They would probably accept less providing they would be able to continue to own the El Salvador project,,,just in case we get a new change of heart from GOES in the future, And,,,as the POG continues to rise,,,all countries will have a change of heart,,,because it becomes a national security issue to own and produce gold.
I look at PMU as a long term hold which at any day may turn into an immediate buy,,,when,,,no one but the GOES/CAFTA knows.
There is risk of dilution with the new purchase,,,but IMO,,,it was a good move. Sitting and waiting puts the GOES in the drivers seat. With the acquisition,,,PMU now is no longer riding on the CAFTA ruling.
GLTA- Tim9