OutlookIts been a long time since PMM days. Looking over the company and its outlook I can honestly say that nothing has really changed. As a matter of fact GAX seems to be slowly deteriorating to the point that if things do not turn around quickly GMM will become completely insolvent shortly.
Contacts have told me that phones are ringing in desperation for $$$$ and a J.V. Seems nobody wants to touch this one. A manager from Cumberland resources mentioned many moons ago that PMM now GAX was on the road of no return. Problem was management and not their properties.
At the moment quick penny traders have taken over for a quick return. Hopefully serious investors will stick to good income plays in this volatile environment......
Let the buyer beware.......