2019 for Puma2018 for Puma was a mess. I doubt very many of us were happy with how MB turned out, nor likely got into PUMA when it was announced by them that they taking over MB thinking that 75% of the asset would be sold for essentially what Puma paid for it - - - and required PUMA to nearly double its outstanding stock to do so. Now had PUMA done the deal initially with TV as a partner - 75% for TV and 25% for Puma - and issued far less stock to do so I suspect most of us would be far happier today and the stock likely worth far more. Anyhow Marcel clearly chewed off more than he could swallow.
The upside that 2019 offers us is that it is one yr closer to when TV will need to get MB going in order to feed its Caribou Mill. . . . that alone should increase the attractiveness of PUMA stock and cause it increase in value from current levels. 2019 will also provide some updates on the work PUMA shared it started earlier this month. Perhaps we will get lucky and they will hit into something interesting. Most of us are really due when it comes to this company so maybe we will get lucky. All the best to PUMA shareholders as we get ready for a New Year and lets hope that Marcel does not mess this up again.