TSXV:NORA.H - Post by User
Comment by
flymaron Nov 14, 2011 2:25pm
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Post# 19236102
RE: RE: Pan American Taking a Beat-Down...
RE: RE: Pan American Taking a Beat-Down...I agree Blue Sea but even though the news has dried up Orko is not forgotton and in the past month the ratio of Orko to PAA shares has improved from 1/14 to 1/11.5.
Everywhere you look producers are looking for deposits like La Preciosa and if they don't make an offer by April then others surely will.
With the recent downgrade PAA has to do something to show they are not totally daft by clinging to the wreckage of Argentina and other dicey political countries. Maybe Casey is only the first of many to abandon ship. One only has to look at Tan Range to see what happens when attitudes shift although I'm not saying they are in any way alike as PAA still has lots of Production. People expect to make money in this environment and if they don't they won't wait for Navidad.
I see some strength in Orko lately but I may need to remove my rose tinted glasses.
GLTA
flymar