RE:RE:RE:RE:RE:RE:RE:Private placement offering
PIF has over $40M cash in the bank -even through Peruvian asset development is in full gear the cash levels are being maintained. Management is not going to borrow money at 7% interest unless it brings back a far greater return on investment. I trust that we will hear news shortly and I fully expect to hear about an impressive deal that adds diversification that we want to see along with adding significant shareholder value.
Kudos to management here. I can see $30 shares on the horizon.
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The highlight is the key! Most companies with a good cash position (and prudent management/capital stewardship) will use improving cash flows and a good balance sheet as an opportunity to issue debt where they can see the leverage is there and the return on investment is sufficient. I think there is something good cooking as well.
GLTA!