OTCPK:PGMFF - Post by User
Comment by
Megamisteron May 28, 2021 11:39am
214 Views
Post# 33286150
RE:RE:RE:Getting Taken Out Seldom a Good Outcome
RE:RE:RE:Getting Taken Out Seldom a Good Outcome Maybe minimal interest from Kirkland, but possible interest from Evolution, the mining "elephant" already in the Red Lake "room".
Evolution grabbed up the 3 "tired" mines known as the Red Lake Complex, shut down a couple of shafts, updated equipment and showed they meant business with their investment.
Then they moved over and bought Battle North, the renamed decendant of previous mining fiasco known as Rubicon where investors lost more than $700 million in 2016. Evolution's purchase likely was predicated by Battle North's land holdings and carry forward tax losses from Rubicon's 2016 fiasco.
In any event, any senior establihed miners seriously contemplating aquisitions would not be letting that "cat out of the bag" until ready to pounce, especially Kirkland.