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PRU - Perseus Mining
- Thread starter Brasidas
- Start date
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- perseus mining pru
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Perseus going to have an investor webinar with the quarterly results.
They are unlikely to do this unless they have good sales pitch to offer.
Given the high price of gold in AUD, I expect them to have generated some pretty good free cash flow.
With that free cash flow, they may well spend more on PDI to bring to just below the 20% compulsory takeover point.
With Blackrock at 15% and T. Rowe price at 6% they would be nearly half way to majority takeover.
If the Annual is good enough to boost the shares to over 2.70, I will sell what I have left and put the proceeds into PDI.
Mick
They are unlikely to do this unless they have good sales pitch to offer.
Given the high price of gold in AUD, I expect them to have generated some pretty good free cash flow.
With that free cash flow, they may well spend more on PDI to bring to just below the 20% compulsory takeover point.
With Blackrock at 15% and T. Rowe price at 6% they would be nearly half way to majority takeover.
If the Annual is good enough to boost the shares to over 2.70, I will sell what I have left and put the proceeds into PDI.
Mick
- Joined
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Sold the last of my PRU at 2.71.
Been a great ride, but think there is not a lot of wind left in this one.
Been a great ride though, and I would like to tanks PRU greatly.
Mick
Been a great ride, but think there is not a lot of wind left in this one.
Been a great ride though, and I would like to tanks PRU greatly.
Mick
