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Polymet Mining Corp. Message Board

  • sharkofchicago sharkofchicago Apr 26, 2014 12:50 AM Flag

    No Dilution and a floor of $1.29 Set

    Was in below a buck and sorry to have missed the run up. Had a buy order in for months at $1.11 and it finally tripped.

    PLM will get its approval, everything just takes time. I live in MN, most people here are fairly sensible. The greenies yell a lot but they are not the majority and Gov. Dayton is very sensible for a Democrat and definitely not anti business. The state can use the tax money the water problem really is solved.

    Am I wrong or didn't Glencore just reaffirm its bet on PLM? The term was just EXTENDED and for a price of $1.29 in 18 months. Copper is down a bit now but by the time the mine is online the price of copper will probably have gone up and down several times. If it drops to .90 I will buy more but I bet we see $1.30 first. On Approval this stock doubles at least.

    "Earlier today, PolyMet announced the term of the convertible debentures originally issued in 2008 to Glencore AG, a wholly owned subsidiary of Glencore Xstrata plc ("Glencore"), had been extended for one year to September 30, 2015 (previously due September 30, 2014).

    Douglas Newby, Chief Financial Officer, commented, "The debentures are convertible at a set price of US$1.2920 per share upon receipt of permits and construction finance. The extension reflects continued support from our largest shareholder and does not impact our anticipated schedule for permits in spring 2015. "

    Sentiment: Buy

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PLM
1.27+0.03(+2.42%)Apr 24 4:02 PMEDT