OTCPK:PGMFF - Post by User
Post by
Digger0144on Jul 13, 2022 8:09pm
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Post# 34822525
Eric Sprott...AngloGold Ashanti...Stand to Lose Millions..
Eric Sprott...AngloGold Ashanti...Stand to Lose Millions..Their influence will be a determing factor in an negotiations that may occur.
The mining community is very small and a very "tight:. They help each other any chance they get...family so to speak.
Both will attempt to reduce their losses accordingly. We have a very good chance of getting a fair deal...all entities will be treated with respect.
Give a little to get something in return on another opportunity. I posted the following on a previous post...before last equity raise announced on May 27, 2022.
AngloGold Ashanti holds 98 million shares purchased at an average of $.59 per share...they hold 19.99% of the float and will want to maintain that percentage of ownership. Their total investment thus far is only about 58 million dollars.
Eric Sprott (holding company 2176423) holds 48 million shares purchased at an average of $.71 per share which amount to a total investment of 34 million dollars.
Let us See!
All the Best!
Digger0144