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PRU - Perseus Mining
- Thread starter Brasidas
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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
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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
Sean K
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FID for Tanzania. Only taken a year, which isn't bad. Especially when they've changed the mining plan from ORE's.
Surprised they haven't jumped on PDI since they got the environmental clearance. Wouldn't have got that if they weren't going to get the EP and excise from the NP. Maybe Lundin and the Chinese have thrown a spanner in the works, or this has been more important to focus on.
Surprised they haven't jumped on PDI since they got the environmental clearance. Wouldn't have got that if they weren't going to get the EP and excise from the NP. Maybe Lundin and the Chinese have thrown a spanner in the works, or this has been more important to focus on.
