OTCPK:PGMFF - Post by User
Post by
fishcarrieron Aug 18, 2020 8:53am
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Post# 31421765
Ashanti the major investor in PGM
Ashanti the major investor in PGMYes, it would stand to reason that anyone who has warrants exercisable at 69 cents would take them. Especially when the shares are trading at $2 and the mine is to go into production in mere months.
My question is this: If there is to be a take-out, a buyer of PGM, will Ashanti be the major interesting party? With a 16% stake in the company already, that would be a good bet.
I'm not sure about Ashanti's cash position, whether they would pay, say $3.25 per share for the company. Anyone have any insights?
Interesting times. Nice pick-up in share price pre-market.