Barclays Bk PLC iPath Dow JonesUBS Platinum Subindex Total Return ETN Exp 24th Jun 2038 V.PGM

RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:RE:Interesting Developments

[kirk15]

I am just speculating GL, keeping Kinross as a possible M+A type who might come to play for a couple of reasons. Kinross got ROASTED for the price they paid for Great Bear from the money side and analysts, so call that pressure on the mngt suite, they then have to justify their action. I too believe they overpaid, but to get Great Bear sooner they would have had to be pro-active which is not something mining companies are particularly good at, that has been a continued frustration I had with the players in this game. I come from the world of financial markets where things are fast paced and hard decisons get made in split seconds on mega $$ (sorry I digressed). Secondly, the have sold for $$ two assets recently, this does give them $$ in the bank, but it also loses them production ounces which is something they will seek to replace. IMO floating a debenture to PGM for $50mm with a high rate of return (10 or 15%), maintaining over watch on operations tied to that, and finally ending up with the mine for only that would be a very good deal and let them process Great Bear ore sooner would take them off the hook more quickly for their purchase price. Note when the Aussies took Harte, they didn't need the common, they simply bought a defaulted debenture off of BNP, and so owned the mine for cheap. Just thoughts, hope it helps.